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Stock impact report

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 Check Earnings Report
US:NYSE Investor Relations: investors.tegna.com
Company Research 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 Show less Read more
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