Stock Track | TGNA Surges 5.23% Pre-Market as Q4 Earnings and Revenue Beat Estimates

Stock Track02-27

TEGNA Inc. (TGNA) saw its shares surge 5.23% in pre-market trading on Thursday, following the release of the company's fourth-quarter 2024 earnings results.

The broadcasting and digital media company reported better-than-expected earnings and revenue for the quarter, driven by strength in political advertising revenue. Key highlights from the Q4 results include:

Adjusted earnings per share of $1.21, beating analysts' estimates of $1.16
Revenue of $870.5 million, slightly missing estimates of $870.8 million but up 19.9% year-over-year
Subscription revenue increased 5% year-over-year to $357.3 million
Political advertising revenue totaled $187.4 million for the quarter
Adjusted EBITDA increased 76% year-over-year to $312.1 million

TEGNA's strong performance in the fourth quarter was driven by robust political advertising demand and continued growth in its subscription business. The company successfully completed distributor renewals for approximately 20% of its traditional subscribers during the quarter, supporting its subscription revenue growth.

Looking ahead, TEGNA reaffirmed its 2024/2025 two-year Adjusted Free Cash Flow guidance of $900 million to $1.1 billion, highlighting its confidence in the company's financial outlook.

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(TGNA) saw its shares surge 5.23% in pre-market trading on Thursday, following the release of the company's fourth-quarter 2024 earnings results.</p>\n\n<p>The broadcasting and digital media company reported better-than-expected earnings and revenue for the quarter, driven by strength in political advertising revenue. Key highlights from the Q4 results include:</p>\n\n<ul>\n<li>Adjusted earnings per share of $1.21, beating analysts' estimates of $1.16</li>\n<li>Revenue of $870.5 million, slightly missing estimates of $870.8 million but up 19.9% year-over-year</li>\n<li>Subscription revenue increased 5% year-over-year to $357.3 million</li>\n<li>Political advertising revenue totaled $187.4 million for the quarter</li>\n<li>Adjusted EBITDA increased 76% year-over-year to $312.1 million</li>\n</ul>\n\n<p>TEGNA's strong performance in the fourth quarter was driven by robust political advertising demand and continued growth in its subscription business. The company successfully completed distributor renewals for approximately 20% of its traditional subscribers during the quarter, supporting its subscription revenue growth.</p>\n\n<p>Looking ahead, TEGNA reaffirmed its 2024/2025 two-year Adjusted Free Cash Flow guidance of $900 million to $1.1 billion, highlighting its confidence in the company's financial outlook.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TGNA","symbol_name":"Tegna Inc","start_time":0,"source_url":"","article_id":"1145714157","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1145714157","pubTimestamp":1740668376,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"TEGNA Inc.  saw its shares surge 5.23% in pre-market trading on Thursday, following the release of the company's fourth-quarter 2024 earnings results.The broadcasting and digital media company reported better-than-expected earnings and revenue for the quarter, driven by strength in political advertising revenue. 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