TEGNA Inc.

NYSE•TGNA

CEO: Ms. Lynn Beall

Sector: Communication Services

Industry: Broadcasting

Listing Date: 1980-03-17

TEGNA Inc. operates as a media company in the United States. The company operates television stations that deliver television programming and digital content. It offers news content to consumers across various platforms, including online, mobile, connected television, and social platforms; owns and operates multicast networks under the names True Crime Network and Quest that offer on-demand episodes of shows; and operates VAULT Studios, which provides true crime and investigative content in the form of original television programs. In addition, the company provides solutions for advertisers through TEGNA Marketing Solutions (TMS). TMS delivers results for advertisers across television and digital, as well as over-the-top (OTT) platforms, including Premion OTT advertising network. TEGNA Inc. was founded in 1906 and is headquartered in Tysons, Virginia.

Contact Information

8350 Broad Street, Suite 2000, Tysons, VA, 22102-5151, United States

703-873-6600

www.tegna.com

Market Cap

$3.24B

P/E (TTM)

14.8

0.6

Dividend Yield

2.5%

52W High

$21.35

52W Low

$14.87

52W Range

80%

Rank40Top 42.0%

4.1

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4.1 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$706.11M+0.00%

4-Quarter Trend

EPS

$0.35+0.00%

4-Quarter Trend

FCF

$86.75M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Drops Sharply Net income attributable $219.9 M, down 63% from $599.8 M in 2024; diluted EPS fell to $1.34 for the year.

Total Revenues Decline 13% Total revenues reached $2.71 B in 2025, a 13% decrease driven by cyclical political revenue drop compared to 2024.

Political Revenue Cyclical Drop Political advertising revenue plummeted 90% to $38.8 M in 2025, reflecting expected odd-year comparison cycle impact.

Debt Reduced Significantly Total long-term debt decreased to $2.53 B by year-end 2025 following significant unsecured notes repayment activities.

Risk Factors

Merger Closing Conditions Risk Nexstar Merger closing remains subject to regulatory approvals; delays could prevent benefit realization or cause abandonment.

Cord-Cutting Pressures Distribution Declining pay-TV subscribers negatively impacted distribution revenue, which fell $10.5 M in 2025 versus prior year.

Cybersecurity Incident Exposure Increasing sophistication of cyberattacks poses risks to systems and confidential information; insurance coverage may be insufficient.

Advertising Market Volatility AMS revenue declined 4% to $1.17 B due to ongoing advertising market challenges and lower Premion reseller revenue.

Outlook

Merger Expected Close 2026 The Nexstar Merger is expected to close by the second half of 2026, pending satisfaction of customary closing conditions.

Focus on Digital Viewer Experience Strategy shifts to personalized, one-to-one engagement via digital platforms to tailor content delivery and grow relevance.

Reimagining News Production Investing in AI and automation to modernize news operations, expanding reporting capabilities across all preferred platforms.

Commitment to Local Journalism Core purpose remains building sustainable future for trusted local journalism, intensifying community engagement efforts.

Peer Comparison

Revenue (TTM)

TEO

$6.45B

+78.3%

LBTYK

$4.88B

+12.4%

VEON

$4.41B

+10.2%

Gross Margin (Latest Quarter)

73.9%

-4.1pp

VEON

68.9%

+2.0pp

PHI

55.3%

+0.1pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
TEO	$5.25B	-45.8	-2.7%	26.0%
PHI	$4.28B	8.8	24.7%	56.6%
LBTYK	$3.73B	-0.6	-59.3%	45.0%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

1.3%

Moderate Growth

4Q Net Income CAGR

-1.0%

Stable Profitability

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 6, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data