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TGNA

TEGNA Inc.

TGNA

TEGNA Inc. • NYSE
$19.52 ▼ -0.05% (-0.01)
Market Cap $3.14 B
52w High $21.35
52w Low $14.87
Dividend Yield 0.50%
P/E 9.34
Volume 443.09K
Outstanding Shares 161.06M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $650.791M ▼ $136.55M ▲ $37.116M ▼ 5.703% ▼ $0.23 ▼ $116.779M ▼
Q2-2025 $675.045M ▼ $129.735M ▼ $67.765M ▲ 10.039% ▲ $0.42 ▲ $154.583M ▲
Q1-2025 $680.049M ▼ $130.035M ▼ $57.916M ▼ 8.516% ▼ $0.36 ▼ $139.611M ▼
Q4-2024 $870.529M ▲ $139.408M ▲ $182.463M ▲ 20.96% ▲ $1.12 ▲ $297.85M ▲
Q3-2024 $806.827M $139.08M $146.807M 18.196% $0.89 $263.229M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $232.775M ▼ $6.808B ▼ $3.691B ▼ $3.116B ▲
Q2-2025 $756.54M ▲ $7.307B ▲ $4.213B ▼ $3.093B ▲
Q1-2025 $716.647M ▲ $7.302B ▼ $4.242B ▼ $3.039B ▲
Q4-2024 $693.214M ▲ $7.327B ▲ $4.301B ▼ $3.005B ▲
Q3-2024 $536.253M $7.199B $4.307B $2.871B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $37.116M ▼ $59.134M ▼ $-10.435M ▼ $-572.464M ▼ $-523.765M ▼ $48.375M ▼
Q2-2025 $67.902M ▲ $99.862M ▲ $-7.904M ▼ $-52.065M ▼ $39.893M ▲ $92.757M ▲
Q1-2025 $58.307M ▼ $59.629M ▼ $-6.368M ▲ $-29.828M ▲ $23.433M ▼ $54.683M ▼
Q4-2024 $180.564M ▲ $249.751M ▲ $-17.338M ▲ $-75.452M ▲ $156.961M ▲ $233.608M ▲
Q3-2024 $147.188M $210.057M $-22.523M $-97.01M $90.524M $194.643M

Revenue by Products

Product Q1-2017Q2-2017Q3-2017Q3-2025
Operating Segments
Operating Segments
 $0 ▲$0 ▲$0 ▲$650.00M ▲
Digital
Digital
 $330.00M ▲$0 ▼$0 ▲$0 ▲
Media
Media
 $450.00M ▲$490.00M ▲$460.00M ▼$0 ▼

Five-Year Company Overview

Income Statement

Income Statement TEGNA’s income statement shows a business that is fairly steady but clearly influenced by political advertising and the broader ad market. Revenue has moved within a relatively tight band over the past several years, with stronger results in big election years and softer patches in between. Profitability has remained solid, with operating and EBITDA margins generally healthy rather than thin. Net income and earnings per share have held up well, indicating that management has controlled costs and avoided major profit erosion despite industry change. Overall, the company looks more like a mature, cash‑generating media business with cyclical swings than a high‑growth story.

Balance Sheet

Balance Sheet The balance sheet reflects a sizable, established media company with meaningful but manageable leverage. Total assets have inched up over time, while shareholder equity has gradually strengthened, suggesting retained earnings and a slow improvement in the company’s capital base. Debt levels have been relatively stable, so leverage remains a key feature but not an obviously rising risk. Cash holdings have improved compared with a few years ago, providing a better liquidity cushion than in the past. In simple terms, TGNA carries notable debt, but the overall financial position has been trending in a more resilient direction.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has consistently matched or exceeded accounting profits, which signals earnings quality rather than aggressive accounting. Free cash flow has remained firmly positive each year even after regular, modest capital spending. Investment needs are relatively low compared with the cash the business produces, leaving room for debt service, dividends, and potential strategic moves. The cash flows do show some election‑year bumpiness, but the underlying pattern is that of a reliable cash engine rather than a fragile one.

Competitive Edge

Competitive Edge TEGNA operates from a position of scale and local strength in the U.S. broadcasting landscape. It owns a broad network of major network affiliates in many large and mid‑sized markets, giving it strong reach with both local and national advertisers. Its local news brands enjoy long‑standing community trust, which is hard for purely digital competitors to replicate. On top of this legacy footprint, TGNA has built differentiated advertising platforms such as Premion for connected TV and AudienceOne for data‑driven targeting, which help it compete in the fast‑growing streaming ad market, not just in traditional broadcast. The company still faces industry pressures from cord‑cutting and shifting ad budgets, but its combination of local brand equity, scale, and ad‑tech capabilities gives it a defensible position.

Innovation and R&D

Innovation and R&D Although TGNA is not a classic R&D‑heavy tech firm, it is clearly investing in innovation where it matters for media: advertising technology, data, and digital distribution. Premion and AudienceOne are central to its push into connected TV and privacy‑friendly, first‑party data targeting. The company is also expanding digital and streaming news offerings, including live morning newscasts and upgraded apps on major streaming platforms, to keep audiences and advertisers within its ecosystem. It is experimenting with AI and automation to reduce costs and personalize content, and building distinct brands like VERIFY and the Locked On podcast network to deepen engagement. The key question going forward is execution: how well TGNA can turn these tech and content initiatives into sustained digital revenue growth and higher efficiency.

Summary

Overall, TGNA looks like a mature local media company that has maintained solid profitability and cash generation while gradually modernizing its business. The income statement and cash flows show stability with predictable election‑year swings, and the balance sheet, while leveraged, has been slowly improving with better cash and growing equity. Strategically, the company is leaning into its strengths—trusted local brands and broad market reach—while investing in ad‑tech, streaming, and AI‑driven efficiency to stay relevant as viewing habits shift. Key areas to watch include the growth of its digital and connected TV platforms, the success of cost‑saving efforts, and how effectively it navigates industry consolidation and long‑term declines in traditional broadcast viewing.

NEWS

November 18, 2025 · 4:15 PM UTC

TEGNA Announces Quarterly Dividend

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November 18, 2025 · 4:00 PM UTC

Nexstar Seeks Approval of TEGNA Acquisition From Federal Communications Commission

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November 18, 2025 · 9:23 AM UTC

TEGNA Shareholders Approve Merger Agreement with Nexstar Media Group

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November 10, 2025 · 7:00 AM UTC

TEGNA Inc. Reports Third Quarter 2025 Results

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October 23, 2025 · 3:50 PM UTC

HALPER SADEH LLC ENCOURAGES TGNA, GES, ACLS SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS

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