Quarterly ResultApr 30, 2026, 08:15 AM
TDAY Q1 Net Income $19.9M (+27.2M YoY); Adj EBITDA $73.1M (+44.7%)
AI Summary
USA TODAY Co. reported strong first quarter 2026 financial results, with net income increasing by $27.2 million year-over-year to $19.9 million. Total Adjusted EBITDA surged 44.7% to $73.1 million, and the Adjusted EBITDA margin improved by 450 basis points to 13.3%. While total revenues decreased 4.0% to $548.5 million, same-store revenue trends significantly improved, driven by 5.2% growth in same-store digital revenue. The company also reiterated its full-year 2026 business outlook, expecting digital revenues to exceed 50% of total revenues.
Key Highlights
- Net income attributable to TDAY was $19.9 million, an increase of $27.2 million YoY.
- Total Adjusted EBITDA grew 44.7% YoY to $73.1 million, with a 13.3% margin.
- Total revenues decreased 4.0% YoY to $548.5 million; same-store revenues declined 1.8%.
- Same-store digital revenues increased 5.2% YoY to $259.8 million.
- Total Digital revenues comprised 47.8% of total revenues in Q1 2026.
- First lien net leverage decreased 12% YoY to 2.3x at quarter-end.
- Digital-only subscription revenues returned to year-over-year growth at $45.9 million.
- Full-year 2026 outlook reiterated: Total Adjusted EBITDA and Free Cash Flow expected to grow double-digits.