USA TODAY (TDAY)
NYSE:TDAY
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USA TODAY
(NYSE:TDAY)
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Rating:52Neutral
Price Target:
$7.00
▲(3.09% Upside)
Action:ReiteratedDate:04/01/26
The score is held back primarily by weak financial profile (declining revenue, very thin profitability, and high leverage) and an expensive valuation (very high P/E). Offsetting factors include improving cash flow and a positive earnings-call outlook with continued digital momentum and deleveraging, alongside supportive but somewhat extended technical momentum.
Positive Factors
Improving free cash flow
Sustained positive free cash flow provides a durable internal funding source to pay down debt, fund digital investment, and support operations without external financing. Continued FCF recovery lowers refinancing risk and enables steady deleveraging even if revenue growth remains uneven.
Negative Factors
Multi-year revenue decline
Persistent top-line declines reflect secular pressures (print contraction and ad market shifts) that constrain long-term profit growth. Even with digital gains, replacing lost print and commercial revenue remains structurally difficult and limits upside to margins and scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving free cash flow
Sustained positive free cash flow provides a durable internal funding source to pay down debt, fund digital investment, and support operations without external financing. Continued FCF recovery lowers refinancing risk and enables steady deleveraging even if revenue growth remains uneven.
Read all positive factors
USA TODAY (TDAY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.03B
Dividend YieldN/A
Average Volume (3M)1.40M
Price to Earnings (P/E)422.2
Beta (1Y)1.00
Revenue Growth-8.56%
EPS GrowthN/A
CountryUS
Employees11,700
SectorCommunication Services
Sector Strength97
IndustryPublishing
Share Statistics
EPS (TTM)-0.21
Shares Outstanding147,107,450
10 Day Avg. Volume1,264,176
30 Day Avg. Volume1,402,993
Financial Highlights & Ratios
PEG Ratio-3.95
Price to Book (P/B)4.76
Price to Sales (P/S)0.32
P/FCF Ratio11.74
Enterprise Value/Market Cap2.05
Enterprise Value/Revenue0.91
Enterprise Value/Gross Profit2.90
Enterprise Value/Ebitda8.03
Forecast
1Y Price Target
$8.25Price Target Upside21.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.15
Revenue Forecast (FY)$2.24B
USA TODAY Business Overview & Revenue Model
Company Description
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 hom...
How the Company Makes Money
USA TODAY’s primary monetization model is built around (1) advertising and marketing services and (2) consumer revenue from paid content access, with additional revenue from content-related licensing and other commercial arrangements.
1) Advertis...
USA TODAY Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
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.Positive Updates
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.
Negative Updates
Total Revenue Decline in Q4
Total revenues in Q4 were $585M, down 5.8% year-over-year and down 3.9% on a same-store basis, highlighting ongoing top-line pressure despite improved trends versus Q3.
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
USA TODAY Co. guided that 2026 should deliver full‑year growth in net income, total adjusted EBITDA and free cash flow, with total digital revenues expected to remain up year‑over‑year on a same‑store basis and to exceed 50% of total revenues (while total revenues are projected to be flat to down low‑single‑digits on a same‑store basis). Management expects higher adjusted EBITDA growth in Q1 as revenue trends improve (helped by AI licensing and cycling the Austin sale), a slight cash usage in Q1 due to seasonality/timing but double‑digit year‑over‑year growth in cash provided by operating activities and free cash flow for the full year (with more meaningful FCF in the final three quarters), continued same‑store revenue trend improvement after Q4’s ~300‑bp improvement and a return to same‑store revenue growth late in 2026, and ongoing deleveraging—moving from 2.4x First‑Lien Net Leverage toward roughly a 2.0x target by year‑end primarily funded by operating cash flow.USA TODAY Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
28
Negative
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.30B | 2.51B | 2.66B | 2.95B | 3.21B |
| Gross Profit | 725.68M | 963.73M | 971.52M | 1.08B | 1.31B |
| EBITDA | 261.71M | 183.31M | 261.53M | 213.48M | 251.78M |
| Net Income | 1.75M | -26.35M | -27.79M | -78.00M | -134.96M |
Balance Sheet | |||||
| Total Assets | 1.84B | 2.04B | 2.18B | 2.39B | 2.83B |
| Cash, Cash Equivalents and Short-Term Investments | 90.21M | 106.30M | 100.18M | 94.25M | 130.76M |
| Total Debt | 1.13B | 1.29B | 1.29B | 1.43B | 1.49B |
| Total Liabilities | 1.68B | 1.89B | 1.86B | 2.10B | 2.30B |
| Stockholders Equity | 155.11M | 153.14M | 317.79M | 295.74M | 532.10M |
Cash Flow | |||||
| Free Cash Flow | 62.90M | 50.78M | 56.46M | -4.60M | 87.89M |
| Operating Cash Flow | 114.39M | 100.31M | 94.57M | 40.78M | 127.45M |
| Investing Cash Flow | 8.97M | -27.95M | 46.98M | 22.12M | 70.65M |
| Financing Cash Flow | -139.84M | -68.85M | -135.51M | -102.87M | -261.17M |
USA TODAY Technical Analysis
6.79
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TDAY, the sentiment is undefined. The current price of 6.79 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for TDAY.
USA TODAY Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
Performance Comparison
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.