TEGNA Non-GAAP EPS of $0.43 misses by $0.03, revenue of $725.85M misses by $24.97M (NYSE:TGNA)
Press Room
TEGNA press release (NYSE:TGNA): Q4 Non-GAAP EPS of $0.43 misses by $0.03.
Revenue of $725.85M (-20.9% Y/Y) misses by $24.97M.
Total company revenue was $726 million in the fourth quarter, down 21 percent year-over-year, primarily due to the reduction of political revenue from the mid-term election cycle last year.
Subscription revenue was $339 million in the fourth quarter, down nine percent year-over-year, primarily due to the temporary disruption of service with a distribution partner, which was successfully resolved on January 13, 2024.
AMS revenue was $352 million in the fourth quarter, in-line with the prior year.
