10-K · February 26, 2026
USA TODAY Co.'s 2025 10-K emphasizes a digital-first strategy and audience scale: total Digital revenues grew to 46% of total revenues (reported as $1.1 billion) and the company reports approximately 1.5 million paid…
Earnings analysis · 10-Q
TDAY earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
USA TODAY Co. reported its Q1 2026 results, showing a slight decline in revenues to $548.5 million, below the prior quarter's revenues but a notable improvement from last year's loss, with EPS narrowing to $0.12 against…
Read full summary
USA TODAY Co. reported its Q1 2026 results, showing a slight decline in revenues to $548.5 million, below the prior quarter's revenues but a notable improvement from last year's loss, with EPS narrowing to $0.12 against a loss of $0.05 in Q1 2025. Digital revenues grew by 5%, offsetting a decline in print revenues, demonstrating a shift towards digital platforms despite ongoing macroeconomic challenges and competition.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.12
- Segment
- USA TODAY Media
- Segment
- Newsquest
- Segment
- LocaliQ
What stood out
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Revenue Performance
Total revenues decreased by 4% from the prior year to $548.5 million, mainly due to a decline in print revenues.
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Narrower EPS Loss
Diluted EPS improved to $0.12 from a loss of $0.05 in the prior year.
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Digital Revenue Growth
Digital segment revenues increased by 5%, reaching $261.9 million from $250.4 million year-over-year.
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Improved Adjusted EBITDA
Total Adjusted EBITDA rose to $73.1 million from $50.5 million, a 45% increase.
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Reduction in Operating Costs
Operating costs were reduced by 8% to $327.4 million, aiding margins.
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Interest Expense Decrease
Interest expense dropped 19% to $21.2 million compared to $26.1 million in the prior year.
What to watch
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Declining Print Revenue
Print and commercial revenues fell by 11% year-over-year to $286.6 million, reflecting ongoing challenges in print advertising.
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Macroeconomic Pressures
Management cited economic instability and inflation's negative impact on advertising spend as a continuing risk.
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Digital Platform Dependence
Heavy reliance on third-party digital platforms for visibility exposes the company to potential revenue volatility.
Management's outlook
Management emphasized a focus on digital growth but did not provide explicit quantitative guidance for future quarters.
Earlier filings 4
10-Q · October 30, 2025
Gannett reported third-quarter 2025 revenue of $560,796 (in thousands), down versus both the prior quarter and prior year, with a small operating loss and a diluted loss per share of $(0.27). Year-to-date results show…
10-Q · July 31, 2025
Gannett reported Q2 2025 revenue of $584,861 (in thousands), down 8.6% versus Q2 2024; however reported net income attributable to Gannett improved to $78,391 (three months) and diluted EPS rose to $0.42 largely due to…
10-Q · October 31, 2024
Gannett reported Q3 2024 revenue of $612,439 (in thousands), down from $652,871 in Q3 2023, with an operating loss of $(6,023) vs operating income of $34,941 a year ago and diluted loss per share of $(0.14) vs $(0.02).…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.