)

Gannett (GCI) investor relations material
Gannett Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Sequential improvements in key financial metrics, including Adjusted EBITDA margin rising to 11% and net income of $78.4M for Q2 2025, driven by cost reductions and digital advertising growth.
Digital revenues reached $265.4M, accounting for 45% of total revenues, with digital advertising up 4% year-over-year and digital-only ARPU increasing to $7.79.
Debt repayment remains strong, with $23.4M repaid in Q2 and nearly $100M in the first half; full-year paydown target increased to $135M.
Net income attributable to shareholders was $78.4M, up from $13.7M in Q2 2024, aided by a significant tax benefit.
$100M cost reduction program and AI content licensing deals with Perplexity and Taboola support margin expansion and digital transformation.
Financial highlights
Q2 2025 total revenues were $584.9M, down 8.6–9% year-over-year, but same store revenue trends improved sequentially.
Total Adjusted EBITDA was $64.2M, up 27% sequentially, with an 11% margin.
Free cash flow reached $17.6M, up 73% sequentially; cash from operations was $32.6M.
Digital-only paid subscriptions were 1.72M, with ARPU at $7.79, up year-over-year.
Operating costs and SG&A expenses both decreased 8% year-over-year, supporting margin gains.
Outlook and guidance
Digital revenue expected to be roughly flat for 2025, with 3–5% growth in H2; digital revenues projected to exceed 50% of total by 2026.
Total same store revenues projected to decrease low to mid-single digits for 2025, but expected to be flat in early 2026.
Adjusted EBITDA and free cash flow forecasted to grow significantly, with free cash flow up 30–100% versus 2024.
Net income expected to decline in H2 2025, but margin and cash flow improvements anticipated.
Capital expenditures for 2025 projected at $30M, mainly for digital and technology investments.
Next Gannett earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Extra, Extra, Read All About It
Gannett Co, Inc., is an American media holding company known primarily for its national newspaper, "USA Today." The company owns numerous daily newspapers and non-daily publications across the country and is one of the largest newspaper publishers in the US. Besides USA Today, the company’s other publications are primarily focused on local journalism, providing journalism for smaller communities. It is headquartered in Tysons, Virginia, and its shares are listed on the NYSE.
The Elmira Gazette
What would later go on to become the company we know today can trace its roots back to 1906 and the Elmira Gazette, a small local newspaper founded by Frank Gannett. In 1923, he founded the company and began acquiring and incorporating various local newspapers. In the following decades, Gannett would continue to acquire newspapers and broadcast stations, focusing on smaller and medium-sized communities while avoiding major metropolitan areas and cities. In 1982, Gannett launched USA Today, a national newspaper that quickly gained popularity across the country for its graphical format and easily digestible news.
In 2015, Gannett spun off its broadcast and digital businesses into a separate company named Tegna, Inc. This split allowed Gannett to focus exclusively on its publishing operations, primarily USA Today and its local market daily newspapers.
USA Today
Known for its succinct, easy-to-read stories and colorful, graphic-heavy layout, USA Today is one of America's most widely circulated daily newspapers. USA Today has a broad coverage that spans local, national, and international news, along with sections dedicated to sports, entertainment, and lifestyle. It is particularly notable for its "Snapshots" - colorful infographics that concisely present data on various topics. The publication has also adapted to the digital era, maintaining a significant online presence. USA Today also publishes in Europe.
Some other publicly traded companies with a similar focus are The New York Times Company, News Corp, and Daily Journal.
Local Journalism
Apart from its flagship USA Today, Gannett Company, Inc. oversees a vast network of local and regional newspapers across the United States. These publications, numbering over 100, serve as vital news sources in their respective communities. They primarily focus on local news, offering in-depth coverage of community events, local politics, regional business developments, and area sports teams. Notable examples include The Arizona Republic, The Detroit Free Press, and The Indianapolis Star. Each publication maintains its unique identity and editorial focus, catering to the specific geographical area of its local audience.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage