USA TODAY Q2 revenue falls 8%, misses estimates

USA TODAY

06/08/2026 13:13

Overview
US media and digital marketing firm's Q2 revenue fell 8% yr/yr, missing analyst expectations
Company delivered positive net income for second consecutive qtr, with reduced operating expenses
USA TODAY Co reiterated full-year outlook, expecting digital revenue and net income growth

Outlook
USA TODAY Co. reiterates full-year 2026 outlook for flat to low single-digit decline in same-store revenues
Company expects total digital revenues to grow and comprise 50%+ of total revenues in 2026
USA TODAY Co. projects growth in net income, adjusted EBITDA, operating cash flow and free cash flow for 2026

Result Drivers
OPERATING EXPENSE REDUCTION - Co said positive net income was driven by an 8% yr/yr reduction in operating expenses
DIGITAL SUBSCRIPTION GROWTH - Digital-only subscription revenues grew yr/yr for second consecutive qtr, with record-high digital-only ARPU
DIGITAL OTHER REVENUE EXPANSION - Digital other revenues also grew yr/yr, with expectations for continued expansion as content licensing partnerships and commerce opportunities broaden

Company press release: ID:nBw2BkS5Da

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$536.34 mln
$546.66 mln (5 Analysts)
Q2 Adjusted Net Income
 
$11.03 mln
 
Q2 Net Income
 
$9.13 mln
 
Q2 Adjusted EBITDA
 
$56.89 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the consumer publishing peer group is "buy"
Wall Street's median 12-month price target for USA TODAY Co Inc is $10.00, about 15.5% above its August 5 closing price of $8.66
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 53 three months ago

Reuters Recommended Reads
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Aug 5 - New York Times Q2 revenue beats on digital subscription growth
Aug 6 - Lee Enterprises swings to profit in Q3 on cost controls, lower interest expense

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)