TEGNA Inc. Reports Third Quarter 2024 Results and Provides Fourth Quarter 2024 Guidance
TEGNA Inc (TGNA)
Last tegna inc earnings: 2/11 08:01 am
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Source: Business Wire
Exceeds third quarter key guidance metrics and reaffirms full-year 2024 key guidance metricsReports record third quarter political revenueReturns more than $90 million of capital to shareholders, on track to meet commitment to return approximately $350 million of capital in 2024 TYSONS, Va.--(BUSINESS WIRE)--TEGNA Inc. (NYSE: TGNA) today announced financial results for the third quarter ended September 30, 2024.THIRD QUARTER FINANCIAL HIGHLIGHTS:All Year-Over-Year Comparisons Unless Otherwise Noted:Total company revenue increased 13% to $807 million, above our guidance range, primarily driven by strength in political advertising and positive growth in advertising and marketing services (AMS) revenue.Political advertising revenue totaled $126 million, a new third quarter record.Full-year political advertising revenue through Election Day was approximately $375 million.Subscription revenue decreased 6% to $356 million, primarily due to subscriber declines partially offset by contract
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TGNA
News
- TEGNA Inc. (NYSE: TGNA) had its price target raised by analysts at JPMorgan Chase & Co. from $16.00 to $19.00. They now have a "neutral" rating on the stock.MarketBeat
- TEGNA Appoints Dhanusha Sivajee Chief Experience Officer [Yahoo! Finance]Yahoo! Finance
- TEGNA Appoints Dhanusha Sivajee Chief Experience OfficerBusiness Wire
- TEGNA Q3 Earnings Surpass Estimates, Revenues Increase Y/Y [Yahoo! Finance]Yahoo! Finance
- TEGNA Inc. (NYSE: TGNA) had its price target raised by analysts at Benchmark Co. from $21.00 to $23.00. They now have a "buy" rating on the stock.MarketBeat
TGNA
Earnings
- 11/7/24 - Beat
TGNA
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- TGNA's page on the SEC website