USA TODAY (TDAY)
NYSE:TDAY
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Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized significant operational and financial improvement: meaningful adjusted EBITDA growth (~16.6%), margin expansion (~300 bps), record digital mix (>47%) with strong subscription ARPU growth (+~24%), successful AI licensing deals, free cash flow growth, and marked deleveraging (First Lien Net Leverage down to 2.4x). Management acknowledged ongoing headwinds—Q4 revenue declined (-5.8% total, -3.9% same-store), a Q4 net loss due to a large tax provision, secular print declines, LocaliQ still needing revenue and customer recovery, and AI licensing timing/lumpiness. Overall, the positive operational momentum, sizable cost savings, improving digital trends, and balance sheet progress outweigh the remaining challenges and one-off items.Company Guidance
Strong Profitability and Margin Expansion
Total adjusted EBITDA of $91.1M in Q4, up 16.6% year-over-year; total adjusted EBITDA margin expanded ~300 basis points to ~15.6% (management also referenced ~16%), the highest margin in several years.
Digital Revenue Growth and Mix
Total digital revenues of $277.5M in Q4, up 5.6% sequentially and slightly positive on a same-store basis; digital revenues comprised over 47% of total revenues (all-time high) with management targeting >50% in 2026.
Digital-Only Subscription ARPU and Revenue Momentum
Digital-only ARPU reached a record $9.81 in Q4, up ~24% year-over-year and 11% sequentially; Digital-Only Subscription revenues $45.6M, up 4.4% sequentially and showing year-over-year growth in December.
AI Licensing Agreements Driving New Revenue Stream
Signed multiyear AI licensing partnerships (including Meta and Microsoft) that materially contributed to Q4 results; digital other revenues (including AI licensing) grew 27.1% in Q4 and increased by roughly $10M sequentially.
Free Cash Flow and Balance Sheet Improvements
Generated $31.5M free cash flow in Q4 (increase of $27.7M) and $64.2M for full year (up ~10% YoY); cash balance $90.2M, repaid ~$136M of long-term debt in 2025, repurchased $14M convertible notes, and reduced First Lien Net Leverage by 11% to 2.4x.
Audience Scale and Engagement
Maintained one of the largest digital audiences with 179M average monthly unique visitors and consistently over 1 billion page views per month, supporting improved advertising performance.
Local and International Segment Strength
Newsquest delivered 3rd consecutive quarter of revenue growth with Q4 revenues of $60.1M (+3.1% YoY) and segment adjusted EBITDA up 20.7% with margin expanding to 22.5%; LocaliQ ARPU near record highs (~$2,800, +1.4%).
Cost Reductions and Operational Discipline
Implemented ~$100M of annualized savings and achieved a 9% reduction in operating costs and SG&A versus prior year, contributing to improved EBITDA flow-through.
Return to Positive Full-Year Net Income
Recorded full-year 2025 net income of $1.7M — the first positive net income since the 2019 merger — reflecting improving profitability trends.
TDAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TDAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $6.12 | $6.40 | +4.58% |
Nov 05, 2025 | $5.09 | $5.10 | +0.20% |
Aug 07, 2025 | $4.12 | $4.03 | -2.18% |
May 01, 2025 | $3.20 | $3.09 | -3.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does USA TODAY (TDAY) report earnings?
USA TODAY (TDAY) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is USA TODAY (TDAY) earnings time?
USA TODAY (TDAY) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TDAY EPS forecast?
TDAY EPS forecast for the fiscal quarter 2026 (Q1) is -0.08.