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.
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.
Visualization of income flow from segment revenue to net income
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