Tegna Inc. reported third quarter 2025 GAAP operating expenses of $559.0 million, down 3% year-over-year, driven by cost-cutting initiatives in compensation and outside services, partially offset by higher M&A-related costs. Non-GAAP operating expenses decreased 4% to $544.0 million. GAAP operating income was $92.0 million and non-GAAP operating income was $107.0 million. GAAP net income attributable to Tegna was $37.0 million, while non-GAAP net income attributable to Tegna was $53.0 million. GAAP earnings per diluted share were $0.23, and non-GAAP earnings per diluted share were $0.33. Adjusted EBITDA declined 52% to $131.0 million, primarily due to lower political advertising and AMS revenue. Net cash flow from operations was $59.0 million, and adjusted free cash flow was $64.0 million. Tegna returned $20.0 million to shareholders through dividends during the quarter. Interest expense decreased 8% to $39.0 million, and cash and cash equivalents totaled $233.0 million at quarter end, with net leverage at 2.9x. During the period, Tegna redeemed $550.0 million of its 4.75% senior notes due March 2026. On August 19, 2025, Tegna and Nexstar Media Group announced a definitive agreement for Nexstar to acquire all outstanding shares of Tegna for $22.00 per share in a cash transaction valued at $6.2 billion, expected to close in the second half of 2026, subject to approvals.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tegna Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9572322-en) on November 10, 2025, and is solely responsible for the information contained therein.
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