Gannett Co., Inc. posted third‑quarter 2025 results with total revenue of $560.8 million, down 8.4% from $612.4 million in the same period last year. Net loss widened to $39.2 million from a $19.7 million loss in Q3 2024.
Adjusted EBITDA for the quarter was $57.2 million, a decline of $12.5 million versus $69.7 million in Q3 2024, largely due to a $17.6 million tax provision and unplanned expenses related to the $100 million cost‑reduction program.
Digital revenue reached $262.7 million, representing 46.9% of total revenue, while print and commercial revenue fell to $298.1 million, a decline of $14.3 million. Digital‑only paid subscriptions were 1.6 million, down from 2.1 million a year earlier, but average revenue per user increased.
Gannett’s total debt stood at $996.4 million as of September 30 2025, below the $1 billion threshold it had targeted with the cost‑reduction program.
The company entered into an AI licensing agreement with Microsoft for the upcoming Microsoft Publisher Content Marketplace. The deal will generate licensing fees and share advertising revenue from Microsoft’s AI‑powered search experiences.
Gannett also reported a partial summary judgment in its antitrust lawsuit against Google, a development that the company views as a positive step forward for its case.
Management updated the full‑year 2025 outlook, projecting digital revenue to grow 12% year‑over‑year and adjusted EBITDA to expand to $250 million in the fourth quarter. The company emphasized that the Microsoft partnership, combined with ongoing cost‑cutting, will support stronger profitability and accelerate its digital transformation strategy.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.