TEGNA Inc. Reports Third Quarter 2023 Results and Provides Fourth Quarter Guidance
Retrieved on:
Tuesday, November 7, 2023
Social Media, TV and Radio, Media, Advertising, Communications, General Entertainment, Mobile Entertainment, Entertainment, Consolidated, Adjustment, Summer, TEGNA, TGNA, Sport, NYSE, Standard General, IA Financial Group, Summer Olympic Games, Share repurchase, News, GAAP, Projection, Super Bowl, Nursing, ASR, Bowl game, The Regional News, WWL, Growth, TV Art (Serbia), ABC, NBC, Hurricane Ida, National academy, Partnership, Science, Retirement, AMS, Total, Warehouse, Marketing, Rare-earth element, Video game, Airline, Pharmaceutical industry, Bank
TEGNA Inc. (NYSE: TGNA) today announced financial results for the third quarter ended September 30, 2023.
Key Points:
- TEGNA Inc. (NYSE: TGNA) today announced financial results for the third quarter ended September 30, 2023.
- Advertising trends in the third quarter showed sequential improvement compared to the second quarter.
- Compared to 2021, third quarter AMS revenue was down 14 percent driven by the absence of Summer Olympics and continued macroeconomic headwinds.
- 1 In analyzing third quarter 2023 results, investors should be reminded that TEGNA’s odd-to-even year results are negatively impacted by the absence of even-year political revenues.