Gannett Co., Inc. reported its fourth quarter and full year 2024 financial results on February 20, 2025. For Q4 2024, total revenues were $621.3 million, while total digital revenues exceeded 45% of total revenues, amounting to over $1.1 billion for the full year, an increase of over 5% compared to 2023.
The company reported net income attributable to Gannett of $64.3 million for Q4 2024, a significant improvement from a net loss of $22.9 million in Q4 2023. Adjusted EBITDA for the quarter was $78.2 million, showing growth compared to the prior year.
Gannett continued its focus on debt reduction, repaying $73.5 million of debt in 2024, excluding refinancing activities. The company reaffirmed its 2025 expectations for total revenue growth, digital revenue growth, Adjusted EBITDA growth, significant free cash flow generation, and meaningful debt reduction, reinforcing confidence in its digital transformation strategy.
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