TGNA Earnings Prediction
The chart below shows how TGNA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TGNA sees a +2.67% change in stock price 10 days leading up to the earnings, and a -0.63% change 10 days following the report. On the earnings day itself, the stock moves by -1.02%. This data can give you a slight idea of what to expect for the next quarter's release.
TGNA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
870.53M
19.93%
7.90%
Gross Margin
44.47%
17.46%
5.53%
Operating Margin
31.91%
61.16%
12.00%
Net Margin
20.74%
98.09%
13.71%
EPS
1.11
177.50%
24.72%
No Data Available
TGNA Earnings Analysis
Tegna Inc Corporation (TGNA.N) Earnings Conference Call
Positive
Q4 Revenue Surge: Total company revenue for Q4 increased 20% year-over-year to $871 million, driven by political advertising revenue and a strong election cycle.
Revenue and EBITDA Growth: For the full year, total company revenue grew 7% to $3.1 billion, resulting in $931 million of adjusted EBITDA, reflecting the strength of high-quality broadcast assets.
Political Advertising Resilience: TEGNA generated $373 million in political advertising for the full year 2024, nearly matching 2020 results, underscoring the durability of political advertising on broadcast.
Digital Revenue Performance: Digital revenue grew year-over-year, with TEGNA's owned and operated digital products offsetting a slight decline in Premion revenue, indicating strong digital performance.
Q4 Subscription Revenue Growth: Subscription revenue for Q4 was $357 million, up 5% year-over-year, driven by MVPD contract renewals and favorable comparisons to prior year disruptions.
Annualized Savings Achievement: Achieved approximately $50 million in annualized savings by the end of 2024, representing 50% of the goal to generate $90 million to $100 million in core nonprogramming annualized savings by the end of 2025.
Shareholder Capital Return: Returned $356 million to shareholders in 2024 through dividends and share repurchases, demonstrating commitment to returning capital to shareholders.
Strong Balance Sheet Position: Maintained a strong balance sheet with cash and cash equivalents totaling $693 million at year-end and net leverage at 2.7x, below the 3x annual guidance.
Negative
Advertising Revenue Decline: Advertising and marketing services revenue faced expected pressure in Q4, finishing 11% below last year due to political displacement and continued softness from national accounts.
Subscription Revenue Challenges: Subscription revenue, while up 5% year-over-year, was impacted by subscriber declines, indicating potential challenges in maintaining subscriber growth.
Expense Management Concerns: Despite achieving $50 million in annualized savings, expenses in Q4 were 2% higher than last year, driven by programming expenses, which raises concerns about cost management.
Revenue Decline Forecast: The company expects total revenue to decline in Q1 2025 by 4% to 7% year-over-year, primarily due to lower political revenue, indicating a potential downturn in revenue generation.
Political Advertising Revenue Concerns: The reliance on political advertising revenue, which generated $373 million in 2024, raises concerns about sustainability and diversification of revenue streams.
TGNA FAQs
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TGNA Earning Call Sentiment
TEGNA Inc (TGNA) Q4 2024 Earnings Call Transcript
TGNA.N
1.47%Positive
TEGNA's earnings call shows strong financial performance with record high revenue and solid adjusted EBITDA. Despite a decline in advertising and marketing services revenue, digital advertising growth and subscription revenue increases are positive. The company is achieving cost savings and maintains a healthy balance sheet. Shareholder returns are substantial, and the guidance remains optimistic. The Q&A section reveals management's confidence in profitability and strategic initiatives, despite some uncertainties. With a market cap of $2.3 billion, the stock is likely to react positively, aligning with a 'Positive' sentiment.
