TEGNA Inc. Reports Record 2020 Fourth Quarter and Full-Year Results, Provides First Quarter and Full-Year 2021 Outlook

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Go back to TEGNA Inc. Reports Record 2020 Fourth Quarter and Full-Year Results, Provides First Quarter and Full-Year 2021 Outlook

TEGNA (TGNA) Tops Q4 EPS by 4c, Revenues Beat

March 1, 2021 7:33 AM EST

TEGNA (NYSE: TGNA) reported Q4 EPS of $1.16, $0.04 better than the analyst estimate of $1.12. Revenue for the quarter came in at $938 million versus the consensus estimate of $927.67 million.

FOURTH QUARTER FINANCIAL HIGHLIGHTS:

Total company revenue was $938 million, up 35 percent year-over-year, driven by record political advertising and continued growth in subscription revenue. Revenue was up 46 percent from the fourth quarter of 2018 driven by the same factors, as well as the impact of acquisitions.Excluding political advertising, fourth quarter revenue was slightly up year-over-year.TEGNA generated record political advertising revenue of $264... More