earnings
confidence high
sentiment positive
materiality 0.65
Gannett Q4 revenue $826.5M, net loss $22.4M; digital subs up 49% to 1.6M, adopts $100M buyback
USA TODAY Co., Inc.
2021-FY EPS reported
-$1.00
revenue$3,208,083,000
- Total revenues $826.5M, down 5.6% YoY; net loss $22.4M, adjusted net income $42.8M.
- Adjusted EBITDA $115.4M, down 22.5% YoY; margin 14.0%.
- Digital-only paid subscribers >1.6M, up 49% YoY; total digital revenues $272.6M, up 5% same store.
- Repaid $57.5M debt in Q4, $235M in 2021; adopted $100M share repurchase program.
- Expects 2022 free cash flow to nearly double from 2021; targets 2M digital subscribers by end of 2022.