Gannett Q3 revenue down 8.4%, misses expectations

USA TODAY Co

30/10/2025 12:08

Overview

Gannett Q3 revenue fell 8.4% yr/yr, missing analyst expectations

Company reported a net loss of $39.2 mln for Q3 2025

Gannett completed $100 mln cost reduction program in Q3 2025

Outlook

Gannett expects Q4 digital revenues to grow in low single digits on a same-store basis

Company anticipates full-year digital revenues to decline in low single digits

Gannett projects cash from operations to grow over 30% versus prior year

Result Drivers

COST REDUCTION PROGRAM - Completion of $100 mln cost reduction program impacted Q3 expenses

DIGITAL REVENUE SHIFT - Approximately $7 mln in digital revenue shifted to Q4, impacting Q3 results

AI LICENSING DEAL - New AI licensing agreement with Microsoft expected to drive future digital revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$560.79 mln
$571.03 mln (4 Analysts)
Q3 Adjusted Net Income
-$31.02 mln
Q3 Net Income
-$39.24 mln
Q3 Adjusted EBITDA
$57.17 mln
Q3 Adjusted Free Cash Flow
$4.88 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 Gannett Co Inc is $6.00, about 31.5% above its October 29 closing price of $4.11

Press Release: ID:nBw5R6V14a

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(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.)