NYSE$TDAY

USA TODAY Co Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced second quarter 2021 results with digital subscription model launched at USA TODAY.

Gannett's second quarter 2021 results showed strength in their strategy and execution, with record digital-only subscriber growth of 41% to approximately 1.4 million. Digital revenues rose 33%, and Digital Marketing Solutions revenue rose 21.5%. Adjusted EBITDA increased year-over-year for the third consecutive quarter.

  • Total revenues increased by 4.9% compared to the prior year quarter, reaching $804.3 million.
  • Digital revenues comprised 32.2% of total revenues, amounting to $259.3 million.
  • Digital-only circulation subscribers totaled approximately 1.4 million, up 41% compared to the same period in the prior year.
  • Adjusted EBITDA totaled $115.8 million, an increase of $37.8 million or 48.4% compared to the second quarter of 2020, representing a 14.4% margin.

Headline financials

Total Revenue

$804M

Previous: $767M+4.9%
EPS (adj)

$0.13

Previous: -$0.33+139.4%
Capital Expenditures

-$15.8M

Previous: -$22.2M+28.6%
Free Cash Flow

-$706K

Previous: -$459M+99.8%
Net Income

$15.1M

Previous: -$437M+103.5%
Operating Income

$45.4M

Previous: -$438M+110.4%
Gross Profit

$331M

Previous: $290M+14.1%
Cash & Equivalents

$159M

Previous: $159M-0.0%
Total Assets

$2.97B

Previous: $3.34B-10.9%
Stock-Based Comp

$5.78M

Previous: $7.39M-21.8%

Revenue & EPS history

Gannett · Revenue · Quarterly

$804M

Q2 2021+4.9%vs Q2 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The company is positioned for the second half of the year and beyond.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.7%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+6.7%

Avg return

30 days after

47%

22 / 47 earnings

Positive

+31.5%

Q1 2024

Best reaction

-28.1%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%-1.1%+7.4%
Q3 2025+28.4%+23.8%+21.9%
Q1 2025-3.4%-1.6%+10.6%
Q4 2024-3.7%-15.8%-36.3%
Q3 2024-19.4%-14.5%-10.7%
Q2 2024-12.8%-10.2%+7.7%
Q1 2024+31.5%+33.2%+56.0%
Q4 2023-6.3%-2.7%+0.5%
Q3 2023-14.8%-15.2%-16.1%
Q2 2023+17.1%+26.2%+7.3%
Q1 2023+1.5%-2.0%+13.6%
Q4 2022+17.8%+17.4%-29.1%
Q3 2022+23.0%+31.1%+74.3%
Q2 2022-26.5%-26.2%-28.7%
Q1 2022-8.8%-11.7%-7.9%
Q4 2021-5.6%-12.4%-13.2%
Q3 2021-7.1%-13.7%-21.1%
Q2 2021+11.4%+11.0%+15.7%
Q1 2021-4.0%-1.3%+12.4%
Q4 2020-11.8%-2.7%-4.6%
Q3 2020+12.3%+20.2%+148.2%
Q2 2020-7.8%+6.0%+10.2%
Q1 2020+1.9%+3.7%+162.6%
Q4 2019-14.1%-18.6%-59.3%
Q3 2019-3.5%-11.1%-23.3%
Q2 2019-28.1%-18.3%-8.2%
Q1 2019-3.8%-3.1%-13.7%
Q4 2018+0.7%+0.9%-16.0%
Q3 2018-2.4%-3.8%-12.1%
Q2 2018-1.8%-1.3%-1.8%
Q1 2018+2.3%-1.1%+6.2%
Q4 2017-1.6%+0.4%+9.3%
Q3 2017+2.2%-0.1%+12.4%
Q2 2017+1.9%-1.5%+4.4%
Q1 2017+2.8%-7.6%-10.9%
Q4 2016+2.1%+1.8%-4.9%
Q3 2016+1.0%+0.8%+11.3%
Q2 2016-9.1%-10.6%-21.3%
Q1 2016+1.2%
Q4 2015+1.5%
Q3 2015-6.5%
Q2 2015+8.6%
Q1 2015+0.5%
Q4 2014+2.4%
Q3 2014-1.3%
Q2 2014-1.0%
Q1 2014-1.1%
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012

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