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TEGNA (TGNA)
NYSE:TGNA
Earnings Data
Report Date
Aug 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.35Last Year’s EPS
0.5Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 3.90%
|Next Earnings Date:Aug 11, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with several positive achievements, including growth in digital revenue and successful cost-cutting initiatives, alongside challenges such as revenue and EBITDA declines. The company's strong balance sheet and strategic focus on digital and sports rights are promising, but broader market headwinds pose challenges.Company Guidance
In the first quarter of fiscal year 2025, TEGNA Inc. reported a total revenue of $680 million, reflecting a 5% year-over-year decrease due to lower political advertising revenue and macroeconomic challenges. The company’s advertising and marketing services revenue stood at $286 million, decreasing by 3% year-over-year, partly attributed to the Super Bowl airing on a smaller affiliate group. Despite these declines, TEGNA experienced growth in digital advertising revenue. Adjusted EBITDA for the quarter fell by 22% to $136 million, impacted by reduced political and AMS revenues. TEGNA is on track with its cost-cutting initiatives, achieving approximately 60% of its annualized savings target of $90 million to $100 million by the end of 2025. For the second quarter, TEGNA anticipates a revenue decline of 4% to 7% year-over-year, primarily due to the cyclical nature of political advertising and broader advertising environment challenges. The company's balance sheet remains strong, with a net leverage ratio of 2.8x, and it remains committed to returning 40% to 60% of adjusted free cash flow to shareholders over the 2024-2025 period.Digital Revenue Growth
TEGNA reported growth in digital advertising revenue, with initiatives in digital product portfolio, web solutions, mobile, and streaming apps showing positive momentum.
Cost-Cutting Initiatives
Non-GAAP expenses finished flat year-over-year, with operational cost-cutting initiatives yielding benefits. The company is on track to achieve $90 million to $100 million in annualized core non-programming savings by the end of 2025.
Securing Local Sports Rights
TEGNA has secured local team rights across NBA, WNBA, NHL, and MLB, along with partnerships with NFL teams to air preseason games for free over the air.
Strong Balance Sheet and Cash Flow
TEGNA maintains a healthy balance sheet with cash and cash equivalents totaling $717 million at quarter end and a net leverage of 2.8x, positioning them well for M&A opportunities.
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TGNA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TGNA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $16.67 | $17.13 | +2.76% |
Feb 27, 2025 | $16.51 | $17.81 | +7.87% |
Nov 07, 2024 | $17.68 | $19.05 | +7.75% |
Aug 07, 2024 | $14.19 | $13.96 | -1.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TEGNA (TGNA) report earnings?
TEGNA (TGNA) is schdueled to report earning on Aug 11, 2025, TBA Not Confirmed.
What is TEGNA (TGNA) earnings time?
TEGNA (TGNA) earnings time is at Aug 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TGNA EPS forecast?
TGNA EPS forecast for the fiscal quarter 2025 (Q2) is 0.35.
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