Gannett Q2 net income $78.4M, margin 11%; unveils $100M cost reduction program

USA TODAY Co., Inc.

2025-Q2 EPS reported $0.40 vs consensus -$0.06 ▲ beat (+780.3%)

Q2 revenue $584.9M (-8.6% YoY); same-store revenue -6.4%, improvement of 130 bps from Q1.
Net income attributable to Gannett $78.4M (13.4% margin); adjusted net income $84.5M.
Total Adjusted EBITDA $64.2M (11.0% margin), up 220 bps sequentially from Q1 margin of 8.8%.
Repaid $23.4M debt in Q2; YTD ~$100M, on track to exceed $135M by year-end.
Implementing $100M annualized expense reduction; expects Total Adjusted EBITDA growth in H2 2025 and FY2026.

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