USA TODAY Co., Inc.TDAYEarnings & Financial Report
USA Today Co., Inc., formerly known as Gannett, is an American mass media holding company headquartered in New York City. It is the largest U.S. newspaper publisher as measured by total daily circulation.
Revenue
$635.8M
Gross Profit
$233.4M
Operating Profit
$-49.9M
Net Profit
$-84.8M
Gross Margin
36.7%
Operating Margin
-7.8%
Net Margin
-13.3%
YoY Growth
-5.0%
EPS
$-0.60
USA TODAY Co., Inc. Q1 FY2024 Financial Summary
USA TODAY Co., Inc. reported revenue of $635.8M (down 5.0% YoY) for Q1 FY2024, with a net profit of $-84.8M (down 919.5% YoY) (-13.3% margin). Cost of goods sold was $402.4M, operating expenses totaled $283.2M.
Key Financial Metrics
| Total Revenue | $635.8M |
|---|---|
| Net Profit | $-84.8M |
| Gross Margin | 36.7% |
| Operating Margin | -7.8% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
USA TODAY Co., Inc. Q1 FY2024 revenue of $635.8M breaks down across 8 segments, led by Print Circulation at $156.2M (24.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Print Circulation | $156.2M | 24.6% |
| Digital Marketing Solutions Segment | $117.0M | 18.4% |
| Print Advertising | $115.6M | 18.2% |
| Digital Advertising | $70.9M | 11.2% |
| Newsquest Segment | $60.2M | 9.5% |
| Commercial And Other | $56.1M | 8.8% |
| Digital Only Subscription | $41.9M | 6.6% |
| Digital Other | $18.8M | 3.0% |
USA TODAY Co., Inc. Revenue by Segment — Quarterly Trend
USA TODAY Co., Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Print Circulation and Digital Marketing Solutions Segment) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Print Circulation | — | $121.9M | $127.7M | $133.2M |
| Digital Marketing Solutions Segment | — | $114.4M | $117.5M | $108.7M |
| Print Advertising | — | $94.7M | $105.5M | $105.2M |
| Digital Advertising | $81.7M | $73.0M | $75.2M | — |
| Newsquest Segment | $60.1M | — | — | $55.8M |
USA TODAY Co., Inc. Annual Revenue by Year
USA TODAY Co., Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.3B |
| 2024 | $2.5B |
| 2023 | $2.7B |
| 2022 | $2.9B |
USA TODAY Co., Inc. Quarterly Revenue & Net Profit History
USA TODAY Co., Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $585.0M | -5.8% | $-30.1M | -5.1% |
| Q3 FY2025 | $560.8M | -8.4% | $-39.2M | -7.0% |
| Q2 FY2025 | $584.9M | -8.6% | $78.4M | 13.4% |
| Q1 FY2025 | $571.6M | -10.1% | $-7.3M | -1.3% |
| Q4 FY2024 | $621.3M | -7.2% | $64.3M | 10.4% |
| Q3 FY2024 | $612.4M | -6.2% | $-19.7M | -3.2% |
| Q2 FY2024 | $639.8M | -4.8% | $13.7M | 2.1% |
| Q1 FY2024 | $635.8M | -5.0% | $-84.8M | -13.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $635.8M | $639.8M | $612.4M | $621.3M | $571.6M | $584.9M | $560.8M | $585.0M |
| YoY Growth | -5.0% | -4.8% | -6.2% | -7.2% | -10.1% | -8.6% | -8.4% | -5.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.09B | $2.05B | $2.06B | $2.04B | $1.95B | $2.01B | $1.92B | $1.84B |
| Liabilities | $1.86B | $1.80B | $1.82B | $1.89B | $1.80B | $1.77B | $1.73B | $1.68B |
| Equity | $233.5M | $249.8M | $240.5M | $153.1M | $150.1M | $237.1M | $194.0M | $155.1M |
Cash Flow
| Q1 2024 | Q4 2024 | Q1 2025 | Q4 2025 | |
|---|---|---|---|---|
| Operating CF | $22.5M | $9.0M | $23.3M | $43.4M |