NYSE$TGNA
TEGNA Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
TEGNA reported a decrease in total revenue due to the absence of political revenue, while subscription and AMS revenues increased. Net income was achieved, and earnings per share were reported on both GAAP and non-GAAP bases.
TEGNA's Q4 2021 results reflect a decrease in total revenue compared to the previous year, primarily due to the absence of political revenue. However, the company saw growth in subscription and AMS revenues. TEGNA achieved net income and reported earnings per share on both GAAP and non-GAAP bases, while managing expenses and maintaining a strong cash position.
- Total company revenue decreased by 17 percent year-over-year, impacted by the absence of $238 million in incremental political revenue from Q4 2020.
- Subscription revenue increased by seven percent year-over-year, driven by rate increases, but partially offset by subscriber declines and service interruption with DISH.
- AMS revenue reached a record $400 million, up 14 percent year-over-year, indicating broad-based strength across advertising categories.
- GAAP and non-GAAP earnings per diluted share were $0.58 and $0.57, respectively.
Headline financials
Revenue & EPS history
TEGNA · Revenue · Quarterly
$775M
Revenue by segment
TEGNA · $439M total across 3 segments · Q4 2021
- Advertising & Mktg Svcs$400M+13.7%91.2%
- Political$26.6M-89.9%6.1%
- Other$12M+52.7%2.7%
Forward guidance
TEGNA expects to continue to pay its regular quarterly dividend through the closing of the transaction.
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 Q4 2021
+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
| Quarter | Report date | Reaction (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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