| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 548.49 | 4.0% |
| Total Income | 548.49 | 4.0% |
| Expenditure | 517.81 | 7.8% |
| PBT | 30.68 | 316.8% |
| Net Profit | 19.89 | 371.4% |
| OPM | — | |
| NPM | 3.63% | 4.91pp |
| EPS | 0.14 | 380.0% |
USA TODAY Co. Reports Q1 2026: Net Income Attributable to $19.9 million
30 Apr 2026 · 30 Apr, 5:45 pm
Summary
USA TODAY Co. reported its financial results for the first quarter ended March 31, 2026. Total revenues decreased by 4.0% year-over-year to $548.5 million, but same-store revenue trends improved, declining by only 1.8%. Digital revenues grew by 5.2% year-over-year on a same-store basis, representing 47.8% of total revenues. Net income attributable to USA TODAY Co. was $19.9 million, an increase of $27.2 million year-over-year. The company reiterates its full-year 2026 outlook, expecting total revenues to be flat to down in the low single digits on a same-store basis.
Key Highlights
- 1
Total revenues decreased by 4.0% year-over-year to $548.5 million, but only 1.8% on a same-store basis for the first quarter of 2026.
- 2
Total digital revenues increased by 5.2% year-over-year on a same-store basis, reaching $261.9 million, or 47.8% of total revenues in Q1 2026.
- 3
Net income attributable to USA TODAY Co. was $19.9 million, reflecting a margin of 3.6% and an increase of $27.2 million year-over-year for the first quarter of 2026.
- 4
Total Adjusted EBITDA increased by 44.7% year-over-year to $73.1 million in the first quarter of 2026.
- 5
Total Adjusted EBITDA margin improved by 450 basis points to 13.3% compared to 8.8% in the first quarter of 2025.
- 6
Cash provided by operating activities was $19.3 million for the first quarter of 2026.
- 7
Free cash flow amounted to $6.4 million in the first quarter of 2026.
Management Comments
Michael Reed
"We are pleased to report strong and improving first quarter performance against important financial and metric measurements, building on a strong fourth quarter from last year. Same store revenue trends improved to a decline of 1.8%, a meaningful step up from the decline of 3.9% in the fourth quarter of last year. Importantly, this revenue trend improvement was driven by same store digital revenue growth in the quarter of 5.2%. Also, Total Digital revenues as a percentage of Total revenues climbed to 48%, nearing the critical 50% mark. In the first quarter, we delivered net income of $19.9 million, which was an increase of $27.2 million from the prior year period. Furthermore, first lien net leverage decreased to 2.3x at the end of the first quarter."
Michael Reed
"Total Adjusted EBITDA in the first quarter was $73 million, up 45% over the prior year. This strong Total Adjusted EBITDA performance led to stronger than anticipated free cash flow in the quarter as well. Further, Total Adjusted EBITDA margin in the first quarter was 13.3%, which improved 450 basis points from 8.8% in the prior year period."
Michael Reed
"We had strong execution against the core tenets of our strategy, and that is reflected in our first quarter results. We remain very optimistic about the year ahead."
Informational and educational content only. Not investment advice.