---
schema_version: "secwatch.filing_event.v1"
accession: "0001579684-24-000029"
form_type: "8-K"
ticker: "TDAY"
cik: "0001579684"
company_name: "USA TODAY Co., Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:28:59.676383+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gannett Q1 2024: Digital revenues 42% of total, net loss $84.8M includes $46M impairment

## Summary
- Total revenues $635.8M, down 5% YoY; net loss $84.8M includes ~$46M impairment from McLean facility exit.
- Total digital revenues $267.5M (42.1% of total), up 8.1% YoY; digital-only subscription revenues $43.5M (+21.3%).
- Adjusted EBITDA $57.6M (-8.4% YoY); free cash flow $9.5M, an improvement of $11.5M YoY.
- Digital-only paid subs topped 2.0M (+1.1% sequentially); digital ARPU $7.22, up 22.4% YoY.
- Company reiterates business outlook; expects to exit 2024 with total revenue growth year-over-year.

## SEC filing metadata
- accession: 0001579684-24-000029
- form_type: 8-K
- ticker: TDAY
- cik: 0001579684
- company_name: USA TODAY Co., Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579684/000157968424000029/0001579684-24-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579684/000157968424000029/gci-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001579684-24-000029
- JSON: https://secwatch.observer/filing/0001579684-24-000029.json
- Plain text: https://secwatch.observer/filing/0001579684-24-000029.txt

## Key facts
- Earnings Releases
  USA TODAY Co., Inc. reported the first quarter ended March 31, 2024 results: revenue $635.8 million, net income Net loss attributable to Gannett of $84.8 million.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $635.8 million
  - Net income: Net loss attributable to Gannett of $84.8 million
  - Result: reported results
  source text: 4.2% year-over year ◦ Record high core platform average revenue per user (1) of $2,697 , up 6.4% year-over-year Additional First Quarter 2024 Highlights: • Total revenues of $635.8 million decreased 5.0% compared to the first quarter of 2023, reflecting improvement on revenue declines of 8.4% in the fourth quarter of 2023 compared to the prior year fourth quarter ◦
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579684/000157968424000029/0001579684-24-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.