TEGNA Q3 Earnings Beat Estimates, CEO Touts Share Buyback Milestone Despite Revenue Dip

Grand News Network | November 7, 2023

TEGNA Inc. (NYSE: TGNA) reported third-quarter revenue of $713.24 million, beating the street view of $717.94 million. 

Revenue slumped 11% Y/Y primarily due to the reduction of political revenue from the mid-term election cycle last year.

The company reported adjusted earnings of $0.39 per share, missing the analyst consensus of $0.40.

Third-quarter subscription revenue was $378 million, up slightly Y/Y, driven by contractual rate increases, partially offset by subscriber declines.

AMS revenue ...

Full story available on Benzinga.com

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