Financial Performance - Total revenues for Q1 2025 were $571.6 million, a decrease of 10.1% compared to $635.8 million in Q1 2024[13] - Operating income for Q1 2025 was $9.8 million, a significant improvement from an operating loss of $49.9 million in Q1 2024[13] - Net loss attributable to Gannett was $7.3 million, compared to a net loss of $84.8 million in the prior year, reflecting a 91.4% reduction in losses[13] - Adjusted EBITDA for the three months ended March 31, 2025, was $50.509 million, down from $57.589 million in the same period of 2024, representing a decline of 12.1%[103][104] - The company recognized a pre-tax gain of approximately $20.8 million from the sale of the Statesman to Hearst Corporation on February 28, 2025[105] Revenue Breakdown - Digital revenues decreased to $250.4 million, down 6.4% from $267.5 million in the same period last year[13] - Print and commercial revenues fell by 12.8% to $321.2 million from $368.3 million year-over-year[13] - Digital revenues accounted for $250.394 million, which is 43.8% of total revenues for Q1 2025, compared to $267.499 million or 42.0% in Q1 2024[28][29] - Revenues generated from international operations comprised 11.5% of total revenues for Q1 2025, compared to 11.0% in Q1 2024[28][31] - Digital marketing solutions brand, LocaliQ, contributed $108.709 million in revenue for Q1 2025, down from $117.045 million in Q1 2024[28][29] Cash Flow and Assets - Cash provided by operating activities was $23.3 million, slightly up from $22.5 million in Q1 2024[14] - The company reported a decrease in cash and cash equivalents to $85.9 million from $106.3 million at the end of 2024[11] - Total assets decreased to $1.95 billion as of March 31, 2025, down from $2.04 billion at the end of 2024[11] - Total liabilities decreased to $1.80 billion, down from $1.89 billion at the end of 2024[11] - The company’s total equity decreased to $149.6 million as of March 31, 2025, down from $152.6 million at the end of 2024[11] Debt and Interest - Total debt as of March 31, 2025, was $1.008 billion, down from $1.080 billion at the end of 2024, representing a decrease of 6.7%[41] - Interest expense for the three months ended March 31, 2025, was $20.1 million, significantly higher than $9.3 million in the prior year, marking a 116.2% increase[47] - The effective interest rate for the 2029 Term Loan Facility was 10.1% as of March 31, 2025[48] - The Company recognized a loss of $1.3 million on early extinguishment of debt due to prepayments on the 2029 Term Loan Facility[47] Operational Costs - Integration and reorganization costs for the three months ended March 31, 2025, amounted to $9.498 million, compared to $17.881 million in the same period of 2024[103][104] - The company recorded an impairment charge of approximately $1.9 million for the three months ended March 31, 2025, compared to $46.0 million in the prior year[118][119] - Corporate and other operating expenses decreased by 62% to $26.5 million for the three months ended March 31, 2025, compared to $70.0 million in the same period of 2024[191] Shareholder Information - The company did not repurchase any shares of Common Stock under the Stock Repurchase Program during the three months ended March 31, 2025, leaving approximately $96.9 million remaining authorized for repurchase[89] - The company does not currently pay a quarterly dividend and has restrictions on dividend payments due to the terms of its indebtedness[207] Taxation - The effective tax rate for the three months ended March 31, 2025, was 48.2%, compared to an effective tax rate of -13.5% for the same period in 2024[76] - The total amount of unrecognized tax benefits as of March 31, 2025, was approximately $43.6 million, an increase from $41.7 million as of December 31, 2024[79] Legal Proceedings - The company is involved in ongoing legal proceedings, including a civil action against Google for anticompetitive practices, but does not expect these to materially affect its financial position[95][96] Digital Strategy - The company is focused on a digital-first strategy to drive audience growth and engagement while diversifying revenue streams through its digital marketing solutions brand, LocaliQ[113]

Financial Data and Key Metrics Changes - Total operating revenues for Q1 were $571.6 million, a decrease of 10.1% year-over-year, or 7.7% on a same-store basis [31] - Adjusted EBITDA totaled $50.5 million, representing a margin of 8.8%, with a year-over-year decline in line with expectations [33] - The company reported a net loss of $7 million, an improvement of approximately $77 million compared to the previous year [35] - Free cash flow in Q1 totaled $10.2 million, growing 7.6%, with expectations for similar performance in Q2 [40][41] Business Line Data and Key Metrics Changes - Total digital revenues in Q1 were $250.4 million, down 6.4% year-over-year, representing approximately 44% of total revenues [36] - Digital-only subscription revenues exceeded $43 million, reflecting minor same-store growth, impacted by the sale of Austin and elevated customer churn [36] - Adjusted EBITDA for the Digital Marketing Solutions (DMS) segment totaled $8.5 million, with core platform revenue at $108.2 million [39] Market Data and Key Metrics Changes - The company experienced a slowdown in digital advertising trends, particularly in the UK market, affecting the NewsQuest segment [38] - The average monthly unique visitors reached 195 million, growing over 4% compared to the prior year [14] Company Strategy and Development Direction - The company aims to leverage its industry-leading scale and diverse digital businesses to capture long-term growth opportunities [11] - A key focus is on enhancing monetization opportunities through a unified content strategy and the launch of new platforms like Studio Nine [19] - The company is committed to reducing debt and improving its capital structure, with a target of repaying over $125 million in debt through various means [42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the full-year 2025 business outlook, citing improving revenue trends and operational efficiencies [56] - The recent DOJ ruling against Google is seen as a positive development that could lead to a more equitable digital advertising marketplace [12][46] - Management noted that Q1 results were viewed as an anomaly, with expectations for stabilization and growth in digital revenues moving forward [36][68] Other Important Information - The company has made several changes to streamline its executive leadership team, resulting in a more cohesive structure and significant cost savings [35] - The company is focused on enhancing customer experience across its product suite, particularly in the DMS segment [29] Q&A Session Summary Question: Impact of DOJ case against Google - Management believes the ruling sets the stage for a more favorable ad marketplace, potentially leading to higher revenue shares for publishers [46][49] Question: Adjustments to affiliate revenue business - The company is working with affiliate partners to navigate changes and reenergize revenue growth through existing content [50][51] Question: Confidence in 2025 guidance - Management reaffirmed confidence in guidance, citing improvements in retention and diversified revenue base [56][57] Question: Digital subscription revenue trends - On a same-store basis, there was some growth in digital subscriptions, but impacted by revenue reversals [72][74] Question: Tools to aggregate budgets onto the platform - The company is leveraging relationships with advertisers and building out first-party data solutions to drive up CPM [78][79] Question: Status of non-strategic asset sales - The company has largely completed its real estate sales and does not feel pressured to sell any strategic assets [81][83]

Financial Data and Key Metrics Changes - Total operating revenues for Q1 were $571.6 million, a decrease of 10.1% year-over-year, or 7.7% on a same-store basis [31] - Adjusted EBITDA totaled $50.5 million, representing a margin of 8.8%, with a year-over-year decline in line with expectations [33] - The company reported a net loss of $7 million, an improvement of approximately $77 million compared to the previous year [35] Business Line Data and Key Metrics Changes - Total digital revenues in Q1 were $250.4 million, down 6.4% year-over-year, representing approximately 44% of total revenues [36] - Digital-only subscription revenues exceeded $43 million, reflecting minor same-store growth, impacted by elevated customer churn [36] - Adjusted EBITDA for the Digital Marketing Solutions (DMS) segment totaled $8.5 million, with core platform revenue at $108.2 million [39] Market Data and Key Metrics Changes - The company experienced a slowdown in digital advertising trends, particularly in the UK market, affecting the NewsQuest segment [38] - The average monthly unique visitors reached 195 million, growing over 4% compared to the prior year [14] Company Strategy and Development Direction - The company aims to leverage its industry-leading scale and diverse digital businesses to capture long-term growth opportunities [11] - A key focus is on enhancing monetization opportunities through a unified content strategy and the launch of new platforms like Studio Nine [19] - The company is committed to reducing debt and improving its capital structure, with expectations to repay over $125 million in debt through various means [42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving financial objectives for 2025, despite a challenging economic backdrop [6] - The recent DOJ ruling against Google is seen as a positive development that could lead to a more equitable digital advertising marketplace [12] - Management noted that Q1 results were viewed as an anomaly, with expectations for improved revenue trends in the second half of the year [66] Other Important Information - The company made significant leadership changes, including the appointment of a new CFO, to strengthen financial and operational performance [10] - The company is focused on enhancing customer experience and retention through product development and marketing initiatives [28] Q&A Session Summary Question: Impact of DOJ case against Google - Management believes the ruling sets the stage for a more favorable ad marketplace, potentially increasing revenue shares for publishers [46] Question: Adjustments to affiliate revenue business - The company is working with affiliate partners to navigate changes and reenergize revenue growth through existing content [50] Question: Confidence in 2025 guidance - Management reaffirmed confidence in guidance, citing improvements in retention and operational efficiencies [56] Question: Digital subscription revenue trends - On a same-store basis, there was some growth in digital subscriptions, but impacted by revenue reversals [74] Question: Tools to aggregate budgets onto the platform - The company is leveraging relationships with advertisers and building out first-party data solutions to drive up CPM [80] Question: Status of non-strategic asset sales - The company has largely worked through its real estate portfolio and does not feel pressured to sell assets that could negatively impact the business [83]

Financial Data and Key Metrics Changes - Total operating revenues for Q1 were $571.6 million, a decrease of 10.1% year-over-year, or 7.7% on a same-store basis [30] - Adjusted EBITDA totaled $50.5 million, representing a margin of 8.8%, with a year-over-year decline in line with expectations [31] - The company reported a net loss of $7 million in Q1, an improvement of approximately $77 million compared to the previous year [33] - Free cash flow in Q1 totaled $10.2 million, growing 7.6%, with expectations for similar performance in Q2 [38] Business Line Data and Key Metrics Changes - Total digital revenues in Q1 were $250.4 million, down 6.4% year-over-year, representing approximately 44% of total revenues [34] - Digital-only subscription revenues exceeded $43 million, reflecting minor same-store growth, impacted by elevated customer churn [34] - Adjusted EBITDA for the Digital Marketing Solutions (DMS) segment totaled $8.5 million, with core platform revenue at $108.2 million [37] Market Data and Key Metrics Changes - The company had 195 million average monthly unique visitors, growing over 4% compared to the prior year [14] - The UK market experienced a slowdown in digital advertising trends, reflective of the local economy [36] Company Strategy and Development Direction - The company aims to leverage its industry-leading scale and diverse digital businesses to drive long-term growth [11] - A key focus is on enhancing monetization opportunities through investments in digital initiatives and expanding first-party data [13] - The recent DOJ ruling against Google is seen as a potential catalyst for a more equitable digital advertising marketplace, benefiting the company [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year 2025 business outlook despite a challenging first quarter [7] - The company anticipates a marked improvement in top-line trends, particularly in digital revenue, as it moves past unique first-quarter challenges [6] - Management noted that the fundamentals of the business are improving, with stronger retention and a more diversified revenue base [56] Other Important Information - The company reduced its debt by approximately $75 million in Q1, strengthening its capital structure [8] - A leadership transition occurred with the appointment of Tricia Gosser as Chief Financial Officer [9] Q&A Session Summary Question: Impact of DOJ case against Google - Management believes the DOJ's win sets the stage for a more favorable ad marketplace, leading to greater transparency and higher revenue shares for publishers [44] Question: Adjustments to affiliate revenue business - The company is working with affiliate partners to navigate changes and reenergize revenue growth through leveraging existing content [50] Question: Confidence in 2025 guidance - Management remains confident in the guidance, citing improvements in fundamentals and operational efficiencies [56] Question: Digital subscription revenue trends - On a same-store basis, there was some growth in digital subscriptions, but impacted by higher revenue reversals [73] Question: Tools to aggregate budgets onto the platform - The company is leveraging relationships with advertisers and building out first-party data solutions to drive up CPM [79] Question: Status of non-strategic asset sales - The company has largely worked through its real estate portfolio and does not feel pressured to sell assets that could negatively impact the business [83]

Financial Performance Highlights - The company achieved a $77.4 million year-over-year improvement in free cash flow in Q1 2025[15] - Net income attributable to Gannett grew by 7.6% to $10.2 million in Q1 2025, compared to $9.5 million in Q1 2024[15] - Adjusted net loss attributable to Gannett improved by $23.4 million, from a loss of $36.4 million in Q1 2024 to a loss of $13.1 million in Q1 2025[18, 19] - Cash provided by operating activities grew by 3.8% to $23.3 million in Q1 2025, compared to $22.5 million in Q1 2024[15] - Total revenues were $571.6 million in Q1 2025[39] - Adjusted EBITDA was $50.5 million in Q1 2025[45] Digital Revenue & Audience - Total digital revenues reached $250.4 million in Q1 2025, accounting for 44% of total revenues[29, 31] - The company reached 195 million average monthly unique visitors in Q1 2025[12, 34] - Digital-only subscription revenues were $43.3 million in Q1 2025, representing 8% of total revenues[29] Debt & Capital Structure - Total debt paydown was $74.5 million in Q1 2025[12, 34] - Cash and cash equivalents stood at $85.9 million[34, 37] - First Lien Net Leverage was 2.6x[34, 37]

Financial Performance - Total revenues for Q1 2025 were $571.6 million, a decrease of 10.1% year-over-year, with same store revenues down 7.7%[6] - Total revenues for Q1 2025 were $571.573 million, a decrease of 10.1% from $635.761 million in Q1 2024[16] - For the three months ended March 31, 2025, Gannett reported a consolidated total revenue of $571.573 million, a decrease of 10.1% compared to $635.761 million in the same period of 2024[31] - Digital revenues totaled $250.4 million, with digital advertising revenues at $83.4 million and digital-only subscription revenues at $43.3 million[6] - Digital revenues decreased to $250.394 million, down 6.5% from $267.499 million year-over-year[16] - Digital revenues for Q1 2025 were $250.394 million, down 6.4% from $267.499 million in Q1 2024[31] - Print and commercial revenues fell to $321.179 million, a decline of 12.8% compared to $368.262 million in the same period last year[16] Profitability and Loss - Net loss attributable to Gannett improved by $77.4 million to $7.3 million in Q1 2025[6] - The net loss attributable to Gannett for Q1 2025 was $7.333 million, an improvement from a net loss of $84.768 million in Q1 2024[29] - Operating income for Q1 2025 was $9.778 million, a significant improvement from a loss of $49.886 million in Q1 2024[16] - The company reported a basic loss per share of $0.05 for Q1 2025, improved from a loss of $0.60 per share in Q1 2024[16] Cash Flow and Liquidity - Free cash flow increased by 7.6% to $10.2 million in Q1 2025[6] - Free cash flow for the three months ended March 31, 2025, was $10.168 million, compared to $9.452 million in the same period of 2024[30] - Cash provided by operating activities was $23.308 million, slightly up from $22.451 million in Q1 2024[17] - Cash provided by operating activities is expected to grow in excess of 30% compared to the prior year[10] - Free cash flow is projected to grow in excess of 40% compared to the prior year[10] Debt and Leverage - The company repaid approximately $75 million of debt in Q1 2025, reducing first lien net leverage to 2.6x, a decrease of 4.8% sequentially[10] - Long-term debt was reduced to $689.945 million, a decrease from $755.754 million at the end of 2024[15] Digital Metrics - Average monthly unique visitors reached 195 million, growing by 4.7% year-over-year[6] - Digital-only average revenue per user (ARPU) for Domestic Gannett Media was $7.31 in Q1 2025, slightly up from $7.28 in Q1 2024[35] - The number of digital-only paid subscriptions for Total Gannett decreased by 4% to 1,931 in Q1 2025 from 2,017 in Q1 2024[35] Future Outlook - Full year 2025 digital revenues are expected to grow approximately 7%-10% on a same store basis, making up 50% of total revenues[10] - Gannett's outlook for full year 2025 includes non-GAAP measures such as Same store revenues and Adjusted EBITDA, but does not factor in future acquisitions or dispositions[26] Cost Management - Integration and reorganization costs for Q1 2025 were $9.498 million, compared to $17.881 million in Q1 2024[29] Assets and Liabilities - Total assets decreased to $1.951 billion as of March 31, 2025, down from $2.040 billion at the end of 2024[15] - Total liabilities decreased to $1.802 billion, down from $1.888 billion at the end of 2024[15]

Core Insights - Gannett Fleming TranSystems has rebranded to GFT, integrating multiple businesses into a unified platform for infrastructure consulting services [1] - GFT serves over 5,000 clients across North America, focusing on transportation, water, power, environmental, and federal markets [2] - The company has been recognized by Engineering News-Record, ranking 18 on the Top 500 Design Firms list and achieving high rankings in various sectors [2] Company Overview - GFT employs over 5,000 professionals and operates 130 offices, leveraging a 110-year legacy to provide long-term value [2] - The firm specializes in architecture, engineering, and construction (AEC) within key markets [5] Leadership Changes - Mike Orth has been appointed as the new CEO, bringing 36 years of leadership experience from Black & Veatch [3] - The leadership team emphasizes the importance of building on the company's strong foundation and delivering innovative solutions [4] Strategic Vision - The rebranding is seen as a strategic evolution aimed at enhancing technical excellence and client relationships [4] - The company aims to drive sustainable growth and expand opportunities for employees under the new brand [4][5] Investment Background - OceanSound Partners, a private equity firm, has invested in GFT with the goal of transforming it into a scaled and differentiated business [6]

"We've had a long and productive history working with Gannett, partnering closely for mutual growth," said Adam Singolda, CEO of Taboola. "Through this expanded partnership, we're providing performance advertisers with greater access to drive results on trusted sites, using Realize. Our deepened partnership with Gannett is yet another proof point of how we're combining the best first-party data, AI, and distribution capabilities that performance advertisers need." NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) - ...

Since 2013, Taboola has partnered with Gannett by powering recommendations across Gannett's digital properties. Now, as part of Taboola's expansion beyond native and into performance, Taboola has deepened its partnership with Gannett to offer performance advertisers access to display inventory on Gannett properties with Realize. For the first time ever, Realize allows advertisers to tap into display and even more parts of Taboola's large network of publishers, apps and OEMs. Realize is powered by an AI perf ...

Core Insights - Taboola has announced an expansion of its long-term partnership with Gannett, enhancing its offerings for performance advertisers [1][2] - The partnership now includes access to display inventory on Gannett properties through Taboola's Realize platform, which utilizes an AI performance engine [2][3] - This collaboration aims to leverage first-party data and AI to optimize advertising campaigns across a wide network of publishers and apps [4] Company Overview - Taboola is a leader in performance advertising technology, reaching approximately 600 million daily active users and partnering with major publishers like NBC News and Yahoo [5] - Gannett is a diversified media company with a national and local presence, operating the USA TODAY NETWORK and focusing on empowering communities through journalism and digital marketing solutions [6] Partnership Details - The partnership between Taboola and Gannett has been in place since 2013, with a focus on audience development, engagement, and monetization [2][4] - Realize, the new platform, allows advertisers to access a broader range of display opportunities, enhancing the effectiveness of their campaigns [3][4]