TEGNA (TGNA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - TEGNA Inc. reported a revenue of $650.79 million for the quarter ended September 2025, reflecting a year-over-year decline of 19.3% and an EPS of $0.33 compared to $0.94 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $659.69 million, resulting in a surprise of -1.35%, while the EPS also missed the consensus estimate of $0.35 by -5.71% [1] Revenue Breakdown - Political revenue was reported at $9.88 million, below the two-analyst average estimate of $10.65 million, marking a significant year-over-year decline of 92.2% [4] - Distribution revenue amounted to $358.45 million, slightly below the average estimate of $360.72 million from two analysts [4] - Advertising & Marketing Services revenue was $273.38 million, compared to the estimated $279.23 million, representing a year-over-year decrease of 12.7% [4] - Other revenues were reported at $9.08 million, slightly below the average estimate of $9.15 million, with a year-over-year decline of 19.9% [4] Stock Performance - TEGNA's shares have returned -0.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of +0.3% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [3]