TEGNA’s Bold Bet on AI & Automation To Expand Margins—Here’s What’s Coming Next! 

TEGNA Inc. recently presented its fourth-quarter and full-year 2024 financial results, demonstrating both opportunities and challenges for potential investors. The company reported a significant 20% year-over-year increase in total revenue for the fourth quarter, amounting to $871 million, primarily driven by political advertising revenues. However, the political advertising performance nearly matched that of the 2020 election cycle, indicating the cyclical nature of this revenue stream. For the full year, total revenue grew by 7% to $3.1 billion, resulting in an adjusted EBITDA of $931 million. This reflects the strength of TEGNA’s broadcast assets in key markets, despite ongoing challenges in core advertising and marketing services, which faced 11% pressure in the fourth quarter due to reduced national ad spend.