Digital Advertising Revenue Growth
In Q2, digital advertising revenues grew 4% year-over-year, compared to a slight decline in the first quarter, driven by improved page views, programmatic revenue, and direct sales.
Strategic AI Content Licensing Agreement
Gannett announced a strategic AI content licensing agreement with Perplexity, expected to provide licensing fees and advertising revenue share, reflecting a fair value for their content.
Debt Reduction
Gannett repaid $23.4 million of debt in Q2 and nearly $100 million in the first half of the year, aiming for $135 million in debt paydown for the year.
Cost Reduction Program
A $100 million annualized cost reduction program was implemented, expected to drive adjusted EBITDA growth for the full year of 2025 and 2026.
Improvements in Digital Subscriber ARPU
Digital-only subscription ARPU increased to $7.79 in Q2, growing both sequentially and year-over-year, marking the first sequential growth since Q3 of 2024.