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Stock impact report

TEGNA (TGNA) Q4 Earnings Miss Estimates, Revenues Fall Y/Y [Yahoo! Finance]

TEGNA Inc (TGNA) 
Last tegna inc earnings: 2/11 08:01 am Check Earnings Report
US:NYSE Investor Relations: investors.tegna.com
Company Research Source: Yahoo! Finance
Revenues declined 20.9% year over year to $725.9 million and missed the Zacks Consensus Estimate by 3.7%. The year-over-year decline was due to the reduction of political revenues from the mid-term election cycle last year and a fall in Advertising and Marketing Services revenues. In December 2023, TEGNA's board of directors authorized a new share repurchase program for up to $650 million of its common stock. This new share repurchase program will expire on Dec 31, 2025. TEGNA Inc. Price, Consensus and EPS Surprise TEGNA Inc. price-consensus-eps-surprise-chart | TEGNA Inc. Quote Quarter in Details Subscription revenues (46.7% of total revenues) decreased 8.9% year over year to $339.3 million due to contractual rate increases, partially offset by a fall in subscribers. Advertising and Marketing Services revenues (48.5% of total revenues) dipped 0.3% year over year to $351.9 million due to continued macroeconomic headwinds. However, fourth-quarter 2023 advertising trends sa Show less Read more
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