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Jun 30, 2021
Gannett Q2 2021 Earnings Report
Announced second quarter 2021 results with digital subscription model launched at USA TODAY.
Key Takeaways
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.
Total revenues increased by 4.9% compared to the prior year quarter, reaching $804.3 million.
Digital revenues comprised 32.2% of total revenues, amounting to $259.3 million.
Digital-only circulation subscribers totaled approximately 1.4 million, up 41% compared to the same period in the prior year.
Adjusted EBITDA totaled $115.8 million, an increase of $37.8 million or 48.4% compared to the second quarter of 2020, representing a 14.4% margin.
Forward Guidance
The company is positioned for the second half of the year and beyond.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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