---
schema_version: "secwatch.filing_event.v1"
accession: "0001579684-26-000008"
form_type: "8-K"
ticker: "TDAY"
cik: "0001579684"
company_name: "USA TODAY Co., Inc."
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:36:01.801444+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# USA TODAY Co. Reports Q4 2025 Results with Total Adjusted EBITDA of $91.1M, Up 16.6% YoY

## Summary
- Total revenues of $585.0M decreased 5.8% YoY but same-store revenue trend improved 290 bps from Q3 2025.
- Total digital revenues reached $277.5M or 47.4% of total revenues, an all-time high, with digital-only subscription revenues of $45.6M.
- Total Adjusted EBITDA of $91.1M, margin 15.6%, up 300 bps YoY; free cash flow of $31.5M increased 722.3% YoY.
- Company repaid $136M in long-term debt during 2025, ending with over $90M cash and first lien net leverage of 2.4x.
- Chairman Michael Reed highlighted several AI licensing deals accretive to EBITDA and first positive net income since 2019 merger.

## SEC filing metadata
- accession: 0001579684-26-000008
- form_type: 8-K
- ticker: TDAY
- cik: 0001579684
- company_name: USA TODAY Co., Inc.
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579684/000157968426000008/0001579684-26-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579684/000157968426000008/tday-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001579684-26-000008
- JSON: https://secwatch.observer/filing/0001579684-26-000008.json
- Plain text: https://secwatch.observer/filing/0001579684-26-000008.txt

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