| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 560.80 | 4.1% | 8.4% |
| Total Income | 560.80 | 4.1% | 8.4% |
| Expenditure | 582.41 | 1.9% | 5.8% |
| PBT | -21.61 | 138.3% | 17.1% |
| Net Profit | -39.25 | 150.1% | 99.8% |
| OPM | — | ||
| NPM | -7.00% | 20.40pp | 3.79pp |
| EPS | -0.27 | 150.0% | 92.9% |
Gannett Reports Q3 2025 Results: Revenue $560.8 Million
04 May 2026 · 4 May, 8:29 am
Summary
Gannett Co., Inc. reported its financial results for the third quarter ended September 30, 2025. Total revenues were $560.8 million, reflecting an 8.4% year-over-year decrease. Digital revenues accounted for $262.7 million, or 46.9% of total revenues. The company experienced a net loss attributable to Gannett of $39.2 million. Management expects strong digital revenue growth in the fourth quarter, accompanied by significant Adjusted EBITDA and free cash flow growth.
Key Highlights
- 1
Gannett's total revenues for the third quarter of 2025 were $560.8 million, a decrease of 8.4% year-over-year.
- 2
Total digital revenues reached $262.7 million, representing 46.9% of total revenues for Q3 2025.
- 3
The company reported a net loss attributable to Gannett of $39.2 million for the third quarter of 2025.
- 4
Total Adjusted EBITDA was $57.2 million, impacted by a shift of approximately $7.0 million in digital revenue to Q4 2025 and unplanned expenses related to the $100 million cost reduction program.
- 5
Cash provided by operating activities amounted to $15.2 million, while free cash flow was $4.9 million for the third quarter of 2025.
- 6
Total principal debt outstanding was $996.4 million as of September 30, 2025, including $748.6 million in first lien debt.
Management Comments
Michael Reed
"During the third quarter we continued to make solid progress across several key digital operating priorities while, simultaneously, completing the implementation of our $100 million cost reduction program." "In addition, in the third quarter we also achieved a significant milestone for our company with total debt falling below $1.0 billion." "We are also very excited to announce this morning our newest AI licensing agreement, partnering with Microsoft on their upcoming launch of its Publisher Content Marketplace." "The partial summary judgment ruling earlier this week in our lawsuit against Google is also a promising milestone. The decision represents an important step forward, as it establishes liability on several claims. We view the recent ruling as a positive signal for the strength of our case against Google as we continue to move forward." "With some digital revenue shifted from the third quarter to the fourth quarter, new AI licensing launching in the quarter, and our $100 million cost program in place, we expect strong digital revenue growth in the fourth quarter, accompanied by significant Adjusted EBITDA and free cash flow growth."
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