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]

Core Insights - Taboola has announced an update to its long-term partnership with Gannett, enhancing collaboration to provide performance advertisers access to display inventory on Gannett properties through a new platform called Realize [1][2]. Company Overview - Taboola is a global leader in performance advertising technology, working with thousands of businesses and reaching approximately 600 million daily active users across major publishers [5]. - Gannett Co., Inc. is a diversified media company with a national and local reach, operating the USA TODAY NETWORK and providing digital marketing solutions through its brand LocaliQ [6]. Partnership Details - The partnership between Taboola and Gannett, which began in 2013, has been deepened to include performance advertising capabilities, allowing advertisers to access a broader range of display inventory [2][4]. - Realize, powered by an AI performance engine, enables advertisers to optimize campaigns across Taboola's extensive network of publishers and apps, leveraging unique data from Taboola's integrations [3][4]. Strategic Goals - The collaboration aims to drive audience development, engagement, and monetization for both companies, with a focus on providing performance advertisers with greater access to trusted sites [4].

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]

Analyst's Disclosure: I/we have a beneficial long position in the shares of GCI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any in ...

Financial Data and Key Metrics Changes - Total operating revenues for Q4 were $621.3 million, a decrease of 7.2% year-over-year [49] - Adjusted EBITDA for Q4 totaled $78.2 million, an increase of 5.5% or $4.1 million compared to the prior year [51] - Adjusted net income rose to $38.3 million, reflecting a significant year-over-year improvement of $56.5 million [53] - Free cash flow for the full year was $58.4 million, an increase of 3.5% over the prior year [62] Business Line Data and Key Metrics Changes - Total digital revenues in Q4 reached $280.4 million, up 1.2% or 3.4% on a same-store basis, accounting for 45.1% of total revenues [54] - Digital-only subscription revenue rose 17% in Q4, with digital-only average revenue per user increasing approximately 13% [55] - Adjusted EBITDA for the Domestic Gannett Media segment was $58.7 million, up 4.7% year-over-year [58] - Adjusted EBITDA for the Newsquest segment was $11.2 million, with margins at 19.2% [59] Market Data and Key Metrics Changes - The company has the largest digital audience in the nation, with 200 million average monthly unique visitors, growing 7% year-over-year [18] - Total digital revenues are expected to grow between 7% and 10% on a same-store basis in 2025 [66] Company Strategy and Development Direction - The company aims to reach an inflection point for positive revenue growth in 2025, focusing on digital revenue strategies [15][66] - Plans to enhance engagement through personalized consumer experiences and expanding content offerings, particularly in sports and video [28][32] - The company is strategically moving upstream to target larger businesses in its Digital Marketing Solutions (DMS) segment [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving sustainable revenue growth and improving financial metrics in 2025 [47][66] - The company anticipates a year-over-year decline in Q1 adjusted EBITDA, followed by steady improvement in the latter half of the year [67] - Management remains optimistic about the ongoing digital transformation and the potential for significant value creation for shareholders [70] Other Important Information - The company completed a comprehensive debt refinancing in Q4, extending maturities and reducing potential future dilution [63] - The company expects total asset sales in 2025 to be in the range of $60 million to $70 million, supporting continued debt reduction [65] Q&A Session Summary Question: Digital growth outlook for 2025 - Management indicated that the 7% to 10% same-store digital growth outlook for 2025 will be driven by both accelerated digital advertising growth and DMS growth, with the latter expected to enhance results in the latter half of the year [72][74] Question: Asset sales and debt paydown - Management confirmed that proceeds from asset sales will be used to pay down debt, estimating $50 million to $60 million in Q1 and $60 million to $70 million in the first half of the year [76][77] Question: Revenue impact from asset sales - The sale of the Austin American-Statesman reflects a mix of digital and print revenue, and future asset sales will primarily involve nonstrategic real estate [80][81] Question: Capital structure considerations - Management expects significant debt paydown in 2025, aiming for a first lien net leverage closer to 2x, which may allow for refinancing into a lower cost capital structure [85][86] Question: Update on legal cases against Google - Management stated that the timing of the DOJ case does not impact their case against Google, which is proceeding as planned [89][90] Question: Remaining nonstrategic assets for sale - Management indicated that the majority of asset sales in 2025 will relate to the Austin sale and some real estate, with a focus on optimizing the footprint [96][97] Question: Opportunity with Reuters - The opportunity from the bundled content offering with Reuters is characterized as a low to mid-single-digit million opportunity in the near term [99] Question: Key levers for growing digital subscriber growth - Management emphasized the importance of personalizing consumer experiences and focusing on local content to drive digital subscriber growth [102]