Gannett Co., Inc. ( (GCI) ) has released its Q4 earnings. Here is a breakdown of the information Gannett Co., Inc. presented to its investors.
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Gannett Co., Inc. is a diversified media company operating in the United States and the United Kingdom, providing journalism and digital marketing solutions through brands like USA TODAY and LocaliQ.
Gannett’s fourth quarter of 2024 results showcase strong progress in its digital transformation strategy, with digital revenues exceeding 45% of total revenues and amounting to over $1.1 billion for the year. The company reported improvements in audience engagement and digital revenue growth across diversified channels.
Key financial highlights include a 5.5% increase in Adjusted EBITDA and a notable improvement in net income, with digital-only subscription revenues growing by 17.0%. However, the company experienced a 7.2% decrease in total revenues, primarily due to the sale or shutdown of non-strategic assets. Gannett also focused on enhancing its capital structure by repaying significant debt.
Looking forward, Gannett is optimistic about 2025, expecting growth in total digital revenues, Adjusted EBITDA, free cash flow, and continued debt reduction. The company plans to capitalize on its operational and financial strategies to create value for shareholders and communities alike.
