TEGNA Q4 political revenue falls 91% to USD 17.1 million

Reuters03-02
TEGNA Q4 political revenue falls 91% to USD 17.1 million

TEGNA reported Q4 2025 revenue of USD 706 million (down 19%) and operating income of USD 119 million (down 57%). Net income attributable to shareholders was USD 56 million (down 69%), with diluted EPS of USD 0.34 (down 69%). Q4 Adjusted EBITDA was USD 161 million (down 48%) and net cash flow from operations was USD 107 million, while adjusted free cash flow was USD 93 million. Q4 distribution revenue was USD 358 million (down 1%) and advertising and marketing services $(AMS)$ revenue was USD 322 million (up 4%); political revenue was USD 17 million (down 91%). Cash and cash equivalents ended the quarter at USD 291 million, and net leverage was 2.8x. For FY 2025, TEGNA posted revenue of USD 2.712 billion (down 13%), operating income of USD 443 million (down 44%), and net income attributable to shareholders of USD 220 million (down 63%), with diluted EPS of USD 1.34 (down 62%). FY Adjusted EBITDA was USD 579 million (down 38%), net cash flow from operations was USD 326 million, and adjusted free cash flow was USD 316 million; the company returned USD 80 million to shareholders through dividends in 2025. TEGNA said it remains on track to complete its proposed acquisition by Nexstar in the second half of 2026, subject to approvals, and has suspended share repurchases while expecting to continue its regular quarterly dividend through closing. The company highlighted momentum in connected TV streaming, with monthly active users up 69%, and noted progress on its new mobile app in beta markets, where session length doubled and users consumed more than 15 times more videos per session.

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: 202603020730PRIMZONEFULLFEED9663847) on March 02, 2026, and is solely responsible for the information contained therein.

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