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


TEGNA Inc. Reports Record 2020 Fourth Quarter and Full-Year Results, Provides First Quarter and Full-Year 2021 Outlook
By
Staff
4 weeks ago
Results reflect ongoing execution of long-term strategy and strength of operations, with record performance including unprecedented political advertising revenues, continued strength of high-margin and recurring subscription revenues, record GAAP net income of $483 million and more than $1 billion in Adjusted EBITDA
Company exceeds full-year 2020 guidance provided prior to the COVID-19 pandemic for all key financial metrics
2021 first quarter and full-year guidance driven by significant subscription revenue growth and improving advertising and marketing services (“AMS”) revenues; AMS expected to finish positive in the first quarter after continuous sequential quarterly improvements since the height of the pandemic in the second quarter of 2020 ....

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Tegna Reports 35% 4Q Revenue Increase

Tegna this morning released fourth quarter 2020 results that included total revenue of $938 million, up 35% year-over-year, driven by record political advertising revenue and continued growth in subscription revenue. Excluding political advertising, 4Q revenue grew slightly year-over-year. Record political revenues were $264 million, including $50 million of revenue generated from the Georgia Senate run-off […] ....

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TEGNA Inc (TGNA) Q4 2020 Earnings Call Transcript


TEGNA Inc (TGNA) Q4 2020 Earnings Call Transcript
Motley Fool Transcribers
© The Motley Fool
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TEGNA Inc (NYSE: TGNA)
Operator
Good day and welcome to the TEGNA s Fourth Quarter 2020 Earnings Call. [Operator Instructions]. Our speaker for today will be Dave Lougee, President and Chief Executive Officer; and Victoria Harker, Chief Financial Officer. At this time, I would like to turn the conference over to Doug Kuckelman, Head of Investor Relations. Please go ahead, sir.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. ....

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