NYSE$TGNA

TEGNA Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Achieved first quarter records across all key financial metrics.

TEGNA Inc. reported record first quarter results across key financial metrics, including total revenue of $774 million, driven by growth in AMS and political revenue. Net income was $134 million, and Adjusted EBITDA reached a record $250 million.

  • Total company revenue was a first quarter record of $774 million, up six percent year-over-year.
  • Subscription revenue was a record $392 million, up one percent year-over-year.
  • AMS revenue was a first quarter record of $354 million, up ten percent year-over-year.
  • Free cash flow was a first quarter record of $182 million.

Headline financials

Total Revenue

$774M

Previous: $727M+6.5%
EPS (adj)

$0.59

Previous: $0.52+13.5%
Capital Expenditures

-$5.54M

Previous: -$13.2M+58.0%
Free Cash Flow

$191M

Previous: $44.9M+324.9%
Net Income

$134M

Previous: $113M+19.2%
Operating Income

$209M

Previous: $196M+6.7%
Gross Profit

$363M

Previous: $332M+9.1%
Cash & Equivalents

$43.3M

Previous: $12.9M+237.0%
Total Assets

$6.85B

Previous: $6.86B-0.1%
Stock-Based Comp

$10.5M

Previous: $8.76M+19.8%

Revenue & EPS history

TEGNA · Revenue · Quarterly

$774M

Q1 2022+6.5%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

TEGNA · $382M total across 3 segments · Q1 2022

  • Advertising & Mktg Svcs
    $354M+9.8%
  • Political
    $18M+90.5%
  • Other
    $10M+24.7%

Forward guidance

TEGNA expects to complete proposed acquisition by an affiliate of Standard General in the second half of 2022, subject to closing conditions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.3%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+0.7%

Avg return

30 days after

58%

42 / 72 earnings

Positive

+11.8%

Q2 2009

Best reaction

-20.3%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-0.5%-1.5%
Q3 2025+0.0%-0.2%-1.7%
Q2 2025-8.2%+24.2%+28.2%
Q1 2025+2.6%+6.4%-1.5%
Q4 2024+7.9%+4.0%+8.8%
Q3 2024+5.0%+3.0%+4.7%
Q2 2024-5.2%-7.2%-7.1%
Q1 2024+2.6%+5.9%-3.3%
Q4 2023+0.9%+3.6%+10.4%
Q3 2023-2.3%+1.4%-1.4%
Q2 2023+1.4%+1.2%-7.3%
Q1 2023+0.3%+1.4%+2.5%
Q4 2022-20.3%-22.0%-25.6%
Q3 2022+0.9%-1.6%+3.6%
Q2 2022-0.0%+1.9%+0.4%
Q1 2022-2.4%-3.9%-2.9%
Q4 2021+0.6%-1.3%-1.3%
Q3 2021+5.8%+5.9%+0.8%
Q2 2021+1.2%-1.5%-4.4%
Q1 2021-4.0%-2.1%-4.3%
Q4 2020-3.0%+3.7%+3.3%
Q3 2020+7.1%+8.0%+11.2%
Q2 2020+3.9%+3.4%+4.2%
Q1 2020+0.7%-3.3%+20.7%
Q4 2019-4.6%-2.4%-5.6%
Q3 2019+0.0%-1.3%+3.5%
Q2 2019-5.8%-6.8%+4.2%
Q1 2019+3.9%+2.2%+0.2%
Q4 2018+10.4%+12.0%+7.1%
Q3 2018-0.7%+2.5%+1.3%
Q2 2018-2.1%-3.8%+3.3%
Q1 2018-0.4%+0.8%+0.1%
Q4 2017+4.8%+0.9%-11.4%
Q3 2017+7.1%+4.7%+15.3%
Q2 2017-5.6%-9.8%-14.9%
Q1 2017-9.6%-12.1%-14.0%
Q4 2016+3.3%+4.5%+3.4%
Q3 2016-8.2%-6.7%+12.1%
Q2 2016-9.4%-12.4%-15.8%
Q1 2016-2.0%
Q4 2015+9.4%
Q3 2015-0.5%
Q2 2015-5.6%
Q1 2015+0.9%
Q4 2014+1.4%
Q3 2014+1.1%
Q2 2014-2.0%
Q1 2014+1.8%
Q4 2013+1.0%
Q3 2013-3.5%
Q2 2013+1.0%
Q1 2013-2.9%
Q4 2012+3.9%
Q3 2012+3.0%
Q2 2012-0.8%
Q1 2012+1.4%
Q4 2011+3.0%
Q3 2011+4.9%
Q2 2011-5.8%
Q4 2010+0.3%
Q1 2011+0.1%
Q3 2010+1.6%
Q2 2010+3.2%
Q4 2009-5.9%
Q1 2009-5.9%
Q1 2010+1.2%
Q4 2007+3.6%
Q3 2008+1.3%
Q3 2009+1.3%
Q2 2008+11.8%
Q2 2009+11.8%
Q4 2008+11.8%

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