From GlobeNewswire: 2025-02-27 07:30:00

TEGNA Inc. achieved fourth-quarter key guidance metrics and committed to a full-year 2024 capital return. Revenue increased by 20% to $871 million, driven by political advertising. Adjusted Free Cash Flow for 2024/2025 is estimated at $900 million to $1.1 billion. TEGNA returned $20 million to shareholders through dividends and $50 million through share repurchases in Q4.

For the full year 2024, revenue increased by 7% to $3.1 billion, primarily due to political advertising. Subscription revenue declined by 5%, while AMS revenue decreased by 5% as well. Adjusted EBITDA increased by 25% to $931 million. TEGNA returned $356 million to shareholders through share repurchases and dividends in 2024.

TEGNA announced new agreements with FuboTV Inc. and the WNBA’s Dallas Wings for exclusive content distribution. Senior leadership roles were appointed to enhance community engagement and content innovation. TEGNA station KXTV in Sacramento received the 2025 Alfred I. duPont-Columbia University Award for investigative journalism.

The company provided guidance for full-year 2025 and first quarter 2025 metrics, including Adjusted Free Cash Flow of $900 million to $1.1 billion for 2024/2025. Total company GAAP revenue for Q1 2025 is expected to decrease by 4% to 7%. TEGNA will host a conference call on February 27, 2025, to discuss financial results and future business matters.



Read more at GlobeNewswire:: TEGNA Inc. Reports Fourth Quarter and Full-Year 2024