Gannett Q3 revenue down 10.3% to $717.9M; net loss $54.1M; digital subs up 28.5% to 1.98M

USA TODAY Co., Inc.

2022-Q3 EPS reported -$0.81 revenue$2,214,639,000

Revenue $717.9M (-10.3% YoY); same-store revenue down 9.0%. Net loss $54.1M vs income year ago.
Adjusted EBITDA $51.9M (-49.1% YoY); sequential improvement +2.1%; margin 7.2%.
Digital-only paid subscribers 1.98M (+28.5% YoY); surpassed 2.0M in Oct. Digital Marketing platform revenue record $118.7M.
Repaid $24.3M debt in Q3 ($129.9M YTD); additional $30.7M post-quarter. Full-year outlook reiterated.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

USA TODAY Co., Inc. reported third quarter ended September 30, 2022 results: revenue $717.9 million, net income $54.1 million. Guidance reaffirmed.

Period: third quarter ended September 30, 2022
Revenue: $717.9 million
Net income: $54.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

path towards revenue and free cash flow growth as well as increased value for our shareholders over the long-term.” Third Quarter 2022 Financial Highlights: • Total revenues of $717.9 million decreased 10.3% compared to the third quarter of 2021 ◦ Same store revenues (2) decreased 9.0% compared to the third quarter of 2021 • Total digital revenues were $256.4 million

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Source: SEC EDGAR

accession 0001579684-22-000035

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