USA TODAY Co Q3 revenue falls 7.4%, misses estimates
TDAY•USA TODAY Co's third-quarter revenue fell 7.4% year over year to $519.24 million, below the $528.33 million estimate. The company reported $1.37 million in adjusted net income and expects full-year 2026 revenue to decline by a mid-single-digit percentage on a same-store basis.
1. Quarterly results
USA TODAY Co reported third-quarter revenue of $519.24 million, down 7.4% year over year and below the $528.33 million analyst estimate. Adjusted net income was $1.37 million, while net loss was $4.61 million and adjusted EBITDA was $36.60 million.
2. Outlook and cost cuts
The company expects full-year 2026 total revenue to decline by a mid-single-digit percentage on a same-store basis, and expects net income attributable to USA TODAY Co to grow versus the prior year, with sequential improvement in the fourth quarter. It launched a $100 million annualized cost reduction program and plans opportunistic share repurchases. It expects digital revenue to exceed 50% of total revenue during 2027.
3. Factors affecting results
The company said results were affected by changes in consumer search behavior and inflationary pressures. It reported growth in direct-sold digital advertising, digital-only subscriptions and other digital revenue, and said audience trends showed signs of stabilization while engagement strengthened across its platforms.
