TEGNA Inc

TGNA

Equity

ISIN null / Valor 28511168

New York Stock Exchange, Inc (2025-11-21)

USD 19.97+1.58%

TEGNA Inc
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About company

TEGNA Inc. is a prominent media company in the United States, known for its extensive reach and diverse portfolio in the broadcasting industry. The company owns 64 news brands across 51 markets, positioning it as one of the largest and most geographically varied broadcasters in the country. TEGNA stands out for its significant presence in the digital realm, reaching nearly 60 million adults monthly through its digital platforms. It also has a strong social media following, with more than 40 million followers and subscribers across its stations. Catering to the growing demand for streaming content, each TEGNA station operates its own YouTube channel and offers free Roku and Amazon Fire TV apps, providing live and on-demand news, weather, and sports content. This digital strategy enables TEGNA to generate over 150 million video views per month on these platforms. Furthermore, the company is distinguished as the largest owner of Big Four (ABC, CBS, NBC, and Fox) affiliates in the top 25 markets among independent station groups, reaching approximately 39 percent of all TV households nationwide. This extensive reach and innovative approach to broadcasting and digital media underscore TEGNA's significant role in the U.S. media landscape.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Performance

Total company revenue decreased by 5% to $675 million, aligning with guidance. The decline was primarily driven by lower political advertising revenue and a 4% drop in advertising and marketing services (AMS) revenue.

Operational Efficiency

Both GAAP and non-GAAP operating expenses decreased by 3% to $553 million and $549 million respectively, due to core cost-cutting initiatives focused on reducing compensation and outside services expenses.

Profitability Metrics

GAAP net income was $68 million, while non-GAAP net income reached $71 million. Earnings per diluted share stood at $0.42 on a GAAP basis and $0.44 non-GAAP.

Cash Flow and Shareholder Returns

Net cash flow from operations was $100 million, with Adjusted Free Cash Flow totaling $96 million. TEGNA returned $20 million to shareholders through dividends during the quarter.

Financial Position

The company maintained a strong cash position with $757 million in cash and equivalents and a net leverage ratio of 2.8x. Additionally, TEGNA redeemed $250 million of senior notes during the quarter.

Summarized from source with an LLMView Source

Key figures

7.83%1Y

3.10%3Y

38.7%5Y

Performance

41.8%1Y

34.3%3Y

32.2%5Y

Volatility