secwatch.observer — SEC 8-K summary
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Issuer:     USA TODAY Co., Inc. (TDAY)
CIK:        0001579684
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001579684-24-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gannett posts Q2 net income of $13.7M, Adj. EBITDA $74.6M, digital revenue up 6.2% YoY
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- Total revenues $639.8M (-4.8% YoY); same-store revenue declines improved for 6th straight quarter.
- Digital revenues $278.4M (43.5% of total), up 6.2% YoY; digital-only subs 2.03M (+4.2% YoY).
- Net income attributable to Gannett of $13.7M, improved $26.4M YoY; Adjusted net income $29.1M.
- Adjusted EBITDA $74.6M, up $17.0M from Q1; free cash flow $25.4M, sequential improvement.
- Repaid $24.3M debt in Q2; total net debt below $1.0B for first time since 2019; guidance reiterated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579684/000157968424000043/0001579684-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579684/000157968424000043/gci-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001579684-24-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer