Gannett Co., Inc. reported total revenues of $560.8 million and a net loss attributable to Gannett of $39.2 million for the third quarter of 2025. The company achieved a significant milestone with total debt falling below $1.0 billion and announced a new AI licensing agreement with Microsoft. Despite a decrease in total revenues compared to the previous year, the company is optimistic about strong digital revenue growth in the fourth quarter.
Gannett delivered sequential improvement in key financial metrics in the second quarter of 2025, with Total Adjusted EBITDA margins expanding to 11% and net income attributable to Gannett increasing significantly. The company saw meaningful improvement in digital advertising trends, which grew by 4% in Q2, and expects further improvement in the third quarter. Debt repayment remains a high priority, with $23.4 million repaid in the quarter and a projection to exceed $135 million by year-end 2025.
Gannett demonstrated strong progress in its digital transformation in 2024, with total digital revenues exceeding 45% of total revenues in Q4 and over $1.1 billion for the year. The company achieved full-year growth in Adjusted EBITDA and free cash flow, while also reducing debt.
Gannett's Q4 2024 results show a digital transformation with digital revenues exceeding 45% of total revenues. The company delivered full-year growth in Adjusted EBITDA and free cash flow, while repaying $73.5 million of debt. They are confident in achieving their 2025 expectations.
Gannett reported its Q3 2024 financial results, highlighting progress on key priorities, including year-over-year Adjusted EBITDA growth and digital revenue growth. Total digital revenues surpassed 45% of total revenues. The company also repaid approximately $29 million of debt and significantly increased its free cash flow by 168% year-over-year.
Gannett reported its Q2 2024 financial results, highlighting growth in digital revenues and a reduction in net debt. The company repaid $24.3 million of debt and total net debt fell under $1.0 billion. The company reiterated its full year 2024 outlook and its outlook over the course of 2025 and 2026.
Gannett's first quarter results showed improvement in year-over-year revenue trends, with digital revenues increasing 8% and accounting for over 42% of total revenues. The company drove free cash flow growth and saw improved trends in Adjusted EBITDA.
Gannett's total digital revenues exceeded 41% of total revenues in the fourth quarter. The company achieved full-year growth in both Adjusted EBITDA and free cash flow. They also repaid over $140 million in debt during the year.
Gannett Co., Inc. reported its financial results for the third quarter ended September 30, 2023, with significant improvement to its bottom line, sustained growth in Adjusted EBITDA and total digital revenues. The company repaid $65 million of debt, reducing its first lien net leverage to below 2.0x and maintained a strong liquidity position with $109 million of cash. Total digital revenues surpassed 40% of total revenues, growing 3% year-over-year on a same store basis.
Gannett reported a net loss of $12.7 million, but Adjusted EBITDA increased by 40% year-over-year to $71.2 million and free cash flow increased by 189% year-over-year to $38.4 million. Total digital revenues returned to growth and accounted for nearly 40% of total revenues.
Gannett reported a net income of $10.3 million and an adjusted EBITDA of $62.9 million for Q1 2023. The company saw year-over-year growth in digital-only circulation revenues and digital marketing solutions core platform revenues. Gannett is raising its full year outlook with respect to Adjusted EBITDA, Net Income, and cash flow.
Gannett reported Q4 2022 results, with digital-only paid subscriptions growing 24% year-over-year to 2.03 million, and digital marketing solutions core platform revenues up 9% year-over-year. The company repaid $47.3 million in debt during the quarter and ended the year with a cash balance of $94 million.
Gannett's Q3 2022 results reflect ongoing challenges from macroeconomic volatility and inflationary pressures, but also highlight progress in the digital transformation. Total revenues decreased by 10.3%, and the company reported a net loss of $54.1 million. However, digital-only paid subscribers grew by 28.5% year-over-year, and the Digital Marketing Solutions business achieved record high core platform revenue.
Gannett's Q2 2022 results reflect industry challenges with a net loss of $53.7 million and a 6.9% decrease in total revenues. However, digital-only paid subscribers grew by 35% year-over-year, and Digital Marketing Solutions achieved record core platform revenues.
Gannett's first quarter performance exceeded expectations, driven by strong growth in digital-only circulation and digital marketing solutions. The company is reiterating its full year guidance for 2022, with digital revenues accounting for more than one-third of total revenues. Gannett continues to focus on its digital transformation, aiming to generate significant free cash flow and improve its balance sheet.
Gannett reported a decrease in total revenues but experienced growth in digital revenues and digital-only paid subscribers. The company repaid debt and adopted a share repurchase program.
Gannett's third quarter 2021 results showed a 46% increase in digital-only subscribers, reaching over 1.5 million, and a 16.5% growth in Digital Marketing Solutions revenue. The company's adjusted EBITDA increased by 16.0% compared to the prior year, and same store revenues increased by 0.9%.
Gannett's second quarter 2021 results showed strength in their strategy and execution, with record digital-only subscriber growth of 41% to approximately 1.4 million. Digital revenues rose 33%, and Digital Marketing Solutions revenue rose 21.5%. Adjusted EBITDA increased year-over-year for the third consecutive quarter.
Gannett reported a decrease in first quarter revenues, but experienced growth in digital-only subscriptions and digital marketing solutions. The company also successfully refinanced its term loan and achieved its synergy target ahead of schedule.
Gannett Co., Inc. reported strong fourth quarter results with revenue of $875.4 million. The company achieved significant cost and debt reductions and surpassed one million digital subscribers. They enter 2021 with good momentum, prepared to implement their subscription-led growth plan.
Gannett's Q3 2020 results demonstrated a strong recovery from the COVID-19 pandemic's impact, with same-store revenue trends improving and adjusted EBITDA increasing to $88 million. The company surpassed 1 million digital subscribers and made substantial progress on debt repayment through asset sales.
Gannett reported second-quarter results significantly impacted by the COVID-19 pandemic, but revenue was in line with guidance, and EBITDA performance benefited from expense reduction efforts. They saw sequential improvement to revenue each month during the quarter and successfully realized over $125 million of incremental expense savings. Over $160 million in annualized synergy measures were implemented by the end of the quarter.
Gannett reported strong first quarter revenue and Adjusted EBITDA performance despite impact from COVID-19. The company implemented $75 million in annualized synergies and ended the quarter with approximately $200 million of cash and cash equivalents.
Gannett reported Q4 2019 results that include the acquisition of Legacy Gannett. While GAAP revenues increased, the company experienced a net loss. Synergies and debt repayment are ahead of schedule, but same store trends weakened. The company is confident in achieving synergy targets and improving revenue trends.