TGNA Q2 2023 Earnings — TEGNA Inc. Revenue & Financial Results | Market Cap Arena

TGNATEGNA Inc.

$3B

Q2 2023 Earnings

Communication Services Broadcasting

Income Statement

Revenue

$732M-6.8% YoY

Gross Profit

$301M41.1% margin

Operating Income

$282M38.5% margin

Net Income

$200M27.3% margin

EPS (Diluted)

$0.92

QoQ Revenue Growth

-1.2%

Cash Flow

Operating Cash Flow

$137M

Free Cash Flow

$125M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$7.1B

Total Liabilities

$4.2B

Stockholders' Equity

$2.9B

Cash & Equivalents

$489M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$732M	$785M	-6.8%
Gross Profit	$301M	$365M	-17.5%
Operating Income	$282M	$221M	+27.4%
Net Income	$200M	$132M	+51.8%