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USA TODAY Co., Inc. operates as a media and digital marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The company's print offerings include home delivery on a subscription basis; single copy; and non-daily publications, such as shoppers and niche publications. It also provides digital-only subscription, including local media brands, USA TODAY NETWORK community events platform, magazines, sports, and games; and E-newspapers; and digital advertising and marketing services. In addition, the company offers digital news and media brands; daily and weekly newspapers; digital advertising and marketing products and solutions under the LocaliQ brand; cloud-based platform that offers a suite of products and solutions for marketing automation, AI-driven advertising optimization, and customizable reporting; commercial printing and distribution arrangements services; and prints commercial materials, including flyers, business cards, and invitations. USA TODAY Co., Inc. was formerly known as Gannett Co., Inc. and changed its name to USA TODAY Co., Inc. in October 2025. The company was founded in 1906 and is headquartered in Pittsford, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.3B | $262M | $2M | $63M | 1.1% | -8.3% | -106.6% |
| 2024 | $2.5B | $183M | $-26M | $51M | -17.2% | -5.8% | -5.2% |
| 2023 | $2.7B | $268M | $-28M | $56M | -8.7% | -9.6% | -64.4% |
| 2022 | $2.9B | $213M | $-78M | $-5M | -26.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,945.30 | 2,663.55 | 2,509.32 | 2,302.23 |
| Operating Revenue | - | 2,945.30 | 2,663.55 | 2,509.32 | 2,302.23 |
| Cost Of Revenue | - | 1,860.35 | 1,692.03 | 1,545.58 | 1,410.79 |
| Gross Profit | - | 1,084.95 | 971.52 | 963.73 | 891.44 |
| Operating Expense | - | 1,036.40 | 887.08 | 878.96 | 779.19 |
| Selling General And Administration | - | 852.49 | 722.88 | 703.64 | 639.75 |
| Total Expenses | - | 2,896.76 | 2,579.11 | 2,424.55 | 2,189.98 |
| Operating Income | - | 48.55 | 84.44 | 84.77 | 112.25 |
| Total Operating Income As Reported | 109.08 | -33.60 | 86.27 | -42.84 | - |
| EBITDA | - | 213.48 | 268.23 | 183.31 | 261.71 |
| Normalized EBITDA | - | 295.23 | 249.44 | 241.60 | 280.22 |
| EBIT | - | 31.46 | 105.61 | 27.02 | 95.95 |
| Interest Expense | - | 108.37 | 111.78 | 104.70 | 97.22 |
| Net Interest Income | - | -108.37 | -111.78 | -104.70 | -97.22 |
| Other Non Operating Income Expenses | 114.06 | 61.24 | 14.81 | 13.76 | - |
| Other Income Expense | - | -17.09 | 21.17 | -57.74 | -16.30 |
| Interest Expense Non Operating | - | 108.37 | 111.78 | 104.70 | 97.22 |
| Net Non Operating Interest Income Expense | - | -108.37 | -111.78 | -104.70 | -97.22 |
| Pretax Income | - | -76.91 | -6.16 | -77.67 | -1.27 |
| Tax Provision | - | 1.35 | 21.73 | -51.29 | -3.03 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -17.17 | 3.95 | -12.24 | -3.89 |
| Net Income Continuous Operations | - | -78.26 | -27.89 | -26.39 | 1.76 |
| Net Income From Continuing And Discontinued Operation | - | -78 | -27.79 | -26.35 | 1.75 |
| Net Income From Continuing Operation Net Minority Interest | - | -78 | -27.79 | -26.35 | 1.75 |
| Net Income | - | -78 | -27.79 | -26.35 | 1.75 |
| Net Income Common Stockholders | - | -78 | -27.79 | -26.35 | 1.75 |
| Net Income Including Noncontrolling Interests | - | -78.26 | -27.89 | -26.39 | 1.76 |
| Normalized Income | - | -13.42 | -42.64 | 19.70 | 16.37 |
| Diluted NI Availto Com Stockholders | - | -78 | -27.79 | -26.35 | 1.75 |
| Basic Average Shares | - | 136.85 | 139.63 | 146.41 | 174.90 |
| Diluted Average Shares | - | 136.85 | 139.63 | 146.41 | 174.90 |
| Reconciled Depreciation | - | 182.02 | 162.62 | 156.29 | 165.76 |
| Reconciled Cost Of Revenue | - | 1,860.35 | 1,692.03 | 1,545.58 | 1,410.79 |
| Total Unusual Items | - | -81.75 | 18.79 | -58.29 | -18.51 |
| Total Unusual Items Excluding Goodwill | - | -81.75 | 18.79 | -58.29 | -18.51 |
| Minority Interests | - | 0.25 | 0.10 | 0.03 | -0.01 |
| Special Income Charges | - | -81.75 | 18.79 | -58.29 | -18.51 |
| Other Special Charges | - | -0.40 | -4.53 | -55.56 | 1.52 |
| Write Off | - | 1.06 | 1.37 | 46.59 | 2.24 |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | - | 87.97 | 24.47 | 66.16 | 31.60 |
| Gain On Sale Of Security | -126.60 | - | - | - | - |
| Depreciation Amortization Depletion Income Statement | - | 182.02 | 162.62 | 156.29 | 165.76 |
| Depreciation And Amortization In Income Statement | - | 182.02 | 162.62 | 156.29 | 165.76 |
| Gain On Sale Of Ppe | - | 6.88 | 40.10 | -1.11 | 16.84 |
| Other Operating Expenses | - | 1.89 | 1.57 | 19.03 | -26.32 |
| Earnings From Equity Interest | - | 3.42 | 2.38 | 0.55 | 2.21 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| USA TODAY Co., Inc.this co. | TDAY | $1.2B | 687.17 | 7.75 | 1.1% | 8.58 |
| IDT Corporation | IDT | $1.4B | 18.16 | 4.53 | 24.9% | 9.09 |
| Yelp Inc. | YELP | $1.3B | 8.92 | 1.83 | 20.5% | 4.52 |
| Anterix Inc. | ATEX | $1.3B | -111.93 | 8.13 | -7.3% | -25.39 |
| NMAX | NMAX | $1.2B | -12.42 | 11.66 |
| - |
| - |
| - |
| - |
| - |
| -93.8% |
| -13.15 |
| Playtika Holding Corp. | PLTK | $1.2B | -5.81 | -2.91 | 50.2% | 14.84 |
| Upwork Inc. | UPWK | $1.1B | 9.35 | 1.71 | 18.3% | 7.42 |
| Sinclair, Inc. | SBGI | $1.0B | -8.94 | 2.26 | -25.3% | 9.48 |
| Emerald Holding, Inc. | EEX | $988M | -32.17 | 2.91 | -9.1% | 23.98 |
| Peer Median | - | -7.37 | 2.59 | 5.5% | 8.26 | |