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Mar 31, 2025
Gannett Q1 2025 Earnings Report
Gannett reported its financial results for the fourth quarter ended December 31, 2024.
Key Takeaways
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.
Total digital revenues increased by 1.2% year-over-year, reaching $280.4 million in Q4 2024.
Digital-only subscription revenues grew by 17.0% to $49.0 million in Q4 2024.
Adjusted EBITDA increased by 5.5% to $78.2 million in Q4 2024.
Free cash flow for Q4 2024 was $3.8 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Gannett expects to build on its progress in 2025, anticipating total revenue growth, growth in both total digital revenues and Adjusted EBITDA, significant free cash flow generation, and meaningful debt reduction.
Positive Outlook
- Total digital revenues are expected to grow approximately 7%-10% on a same store basis.
- Total digital revenues are expected to make up 50% of total revenues.
- Net income attributable to Gannett is expected to improve compared to the prior year.
- Adjusted EBITDA is expected to grow versus the prior year.
- Cash provided by operating activities is expected to grow in excess of 30% versus the prior year.
Challenges Ahead
- Total revenues are expected to be down in the low single digits on a same store basis.
- The outlook does not factor in the impact of any future acquisitions or dispositions.
- Capital expenditures are expected to increase as a result of investments in technology and products.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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