NYSE$TDAY
USA TODAY Co Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Reported financial results for the fourth quarter ended December 31, 2024, with digital revenues exceeding 45% of total revenues and full-year growth in Adjusted EBITDA and free cash flow achieved.
Gannett's Q4 2024 results show a digital transformation with digital revenues exceeding 45% of total revenues. The company delivered full-year growth in Adjusted EBITDA and free cash flow, while repaying $73.5 million of debt. They are confident in achieving their 2025 expectations.
- Total digital revenues reached $280.4 million, a 1.2% increase year-over-year (3.4% on a same store basis).
- Digital-only subscription revenues grew by 17.0% to $49.0 million.
- Average monthly unique visitors increased by 7.0% to 200 million.
- Net income attributable to Gannett was $64.3 million, with a margin of 10.4%.
Headline financials
Revenue & EPS history
Gannett · Revenue · Quarterly
$621M
Forward guidance
Gannett anticipates building on its progress in 2025, expecting total revenue growth, growth in digital revenues and Adjusted EBITDA, significant free cash flow generation, and meaningful debt reduction.
Tailwinds
- Total digital revenues are expected to grow approximately 7%-10% on a same store basis.
- Total digital revenues are expected to make up 50% of total revenues during 2025.
- Net income attributable to Gannett is expected to improve compared to the prior year.
- Adjusted EBITDA is expected to grow versus the prior year.
- Cash provided by operating activities is expected to grow in excess of 30% versus the prior year.
Headwinds
- Total revenues are expected to be down in the low single digits on a same store basis.
- Capital expenditures are expected to increase as a result of investments in technology and products.
- The company's estimates factor in the pending sale of the Austin American-Statesman but do not factor in the impact of any future acquisitions or dispositions.
- The Company's future financial results could differ materially from the Company’s current estimates.
- Transformations are never a straight line.
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 Q4 2024
-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
| Quarter | Report date | Reaction (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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