Corrects Key Details table to say Q4 revenue was $706.1 mln from $358 mln; corrects throughout to say revenue beat estimates
Overview
U.S. media company's Q4 revenue fell 19% yr/yr, but beat analyst expectations
Adjusted EBITDA for Q4 beat analyst expectations, aided by cost-cutting
Company on track for Nexstar acquisition by H2 2026, pending approvals
Outlook
Tegna will not provide forward-looking guidance due to pending Nexstar acquisition
Tegna expects Nexstar acquisition to close by second half of 2026
Tegna suspends share repurchases but will continue paying regular dividends
Result Drivers
POLITICAL ADVERTISING DECLINE - Revenue fell 19% in Q4 due to a drop in political advertising, typical in non-election years
AMS REVENUE GROWTH - AMS revenue grew 4% driven by growth in linear and local digital advertising, despite TV advertising challenges
COST-CUTTING INITIATIVES - Operating expenses decreased due to cost-cutting measures, primarily in compensation and outside services
Company press release: ID:nGNX2g6jkK
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $706.1 mln | $700.75 mln (5 Analysts) |
Q4 Net Income | $56 mln | ||
Q4 Adjusted EBITDA | Beat | $161 mln | $155.97 mln (5 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the broadcasting peer group is "buy."
Wall Street's median 12-month price target for Tegna Inc is $22.00, about 5% above its February 27 closing price of $20.95
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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