USA TODAY (TDAY) Q4 2025 Earnings Call Transcript | The Motley Fool
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USA TODAY (TDAY) Q4 2025 Earnings Call Transcript | The Motley Fool
"Total adjusted EBITDA -- $91.1 million, up 16.6% ($13 million), with margin rising to 15.6% from 12.6% year over year. Digital revenues -- $277.5 million, a 5.6% sequential increase and a slight year over year same-store increase, surpassing 47% of total revenue, an all-time high."
"Digital-only subscription ARPU -- Reached $9.81, a record high, up 23.7% year over year and 11% sequentially. Digital-only subscription revenue -- $45.6 million, up 4.4% over Q3, the second consecutive quarter of sequential growth, with year-over-year growth occurring in December."
"Free cash flow -- $31.5 million in the quarter, up $27.7 million, with full-year free cash flow of $64.2 million and three consecutive annual increases. Debt repayment and leverage -- $136 million in long-term debt repaid during the year, reducing First Lien Net Leverage by 11% to 2.4 times."
"Digital advertising revenue -- Increased 1.8%, achieving the third consecutive quarter of year-over-year growth. Digital other revenues -- Grew 27.1% year over year, an approximately $10 million increase over Q3, supported by new AI content licensing arrangements."
Gannett reported Q4 2025 results showing total revenues of $585 million, down 5.8% year-over-year but improving 290 basis points sequentially. Adjusted EBITDA grew 16.6% to $91.1 million with margins expanding to 15.6%. Digital revenues reached $277.5 million, surpassing 47% of total revenue at an all-time high, with digital-only subscription ARPU hitting a record $9.81, up 23.7% year-over-year. Free cash flow increased to $31.5 million quarterly and $64.2 million annually, marking three consecutive years of growth. The company repaid $136 million in long-term debt, reducing First Lien Net Leverage to 2.4 times. Digital advertising achieved third consecutive quarter of year-over-year growth, while digital other revenues grew 27.1% supported by AI content licensing. Newsquest segment showed third consecutive quarter of growth with 20.7% EBITDA increase.
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