Financial Performance - Total revenues increased by 7.1% year-over-year, reaching $636 million in Q1 2025 compared to $594 million in Q1 2024[12] - Adjusted operating profit (AOP) grew by 21.9% year-over-year to approximately $93 million in Q1 2025, up from $76 million in Q1 2024[9, 12] - AOP margin increased by approximately 180 basis points year-over-year to 14.6% in Q1 2025[9] - Adjusted diluted earnings per share increased to $0.41 in Q1 2025, compared to $0.31 in Q1 2024, a 32.3% increase[12, 59] - Adjusted operating costs (AOC) grew by 4.9% year-over-year, primarily due to higher cost of revenue, product development, and adjusted general and administrative expenses[9, 40] Subscriber Growth - The company added approximately 250K net digital-only subscribers in Q1 2025, bringing the total subscriber count to 11.66 million[9, 14] - Bundle and multiproduct subscribers now constitute 49% of the company's total subscriber base, an increase from 48% in Q4 2024[9] Revenue Streams - Digital-only subscription revenues increased by 14.4% year-over-year due to growth in both digital subscribers and total digital-only ARPU[9, 28] - Total digital-only average revenue per user (ARPU) increased by 3.6% year-over-year to $9.54[9] - Digital advertising revenues increased by 12.4% year-over-year, driven by strong marketer demand and new advertising supply[9, 35]

News Corporation (NWSA) is scheduled to report third-quarter fiscal 2025 results on May 8. The Zacks Consensus Estimate for revenues is pegged at $2.01 billion, indicating a decline of 16.84% from the year-ago quarter's levels. The consensus mark for earnings has remained steady at 19 cents per share in the past 30 days, indicating 72.73% growth year over year. The company's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while matching the same once, the average surprise b ...

Wall Street analysts expect New York Times Co. (NYT) to post quarterly earnings of $0.35 per share in its upcoming report, which indicates a year-over-year increase of 12.9%. Revenues are expected to be $635.14 million, up 6.9% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings announcement, it is cruci ...

The New York Times Company (NYT) is set to announce its first-quarter 2025 earnings on May 7, before the market opens. Key focus areas include subscription growth and trends in advertising revenues.The Zacks Consensus Estimate for first-quarter revenues is pegged at $635.1 million, indicating a 6.9% rise from the prior-year period.This diversified media conglomerate is also expected to show improvement in the bottom line. The consensus estimate for earnings per share has remained steady at 35 cents over the ...

DAVENPORT, Iowa, May 01, 2025 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a major subscription and advertising platform and a leading provider of high quality, trusted, local news and information in 72 markets, has scheduled an audio webcast and conference call for Thursday, May 8, 2025, at 9 a.m. Central Time. Lee plans to issue a news release before the market opens that day with preliminary results for its quarter ended March 30, 2025. A live webcast of the conference call may be acc ...

Financial Data and Key Metrics Changes - For Q1 2025, Dallas News Corporation reported a net income of $28.3 million or $5.28 per share, compared to a net loss of $1.4 million in Q1 2024 [5] - Operating income for the quarter was $34.2 million, which includes a net gain of $36.2 million from the sale of the Plano printing facility [5] - Total revenue decreased to $29.1 million from $31.1 million year-over-year, a decline of $2 million [5] - On a non-GAAP basis, the adjusted operating loss was $1.2 million, an improvement of $400,000 compared to the adjusted operating loss of $800,000 in the same period last year [5][6] Business Line Data and Key Metrics Changes - Advertising and marketing services revenue was $800,000, a decrease of $800,000 or 7.2% compared to $11.6 million reported last year, primarily due to a print advertising revenue decline of $700,000 or 12.2% [6] - Circulation revenue was $15.4 million, down $900,000 or 5.2% from $16.3 million last year, mainly due to a print circulation revenue decrease of $700,000 or 6% [6] - Total membership, including both print and digital, was 125,972 as of March 31, down from 126,973 as of December 31 [6] Market Data and Key Metrics Changes - Digital-only subscriptions increased to 65,028, reflecting a 1.1% increase from December 31 and a 4.2% increase compared to March of last year [7] - The company noted softness in print advertising, particularly in real estate and retail sectors, while financial services advertising remained robust [32][33] Company Strategy and Development Direction - The company is focused on transitioning print operations to a smaller, more efficient facility, with expected expense savings starting in May [10][11] - The board is discussing capital allocation strategies, including investing in digital revenue growth and returning capital to shareholders [11] - The company aims to improve margins at Medium Giant by focusing on larger, more profitable accounts and discontinuing relationships with smaller clients [43] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the return to growth plan, highlighting the successful funding of pension obligations and the transition to a new printing facility [9][10] - The management acknowledged the slower-than-expected growth in digital subscriptions but is implementing more aggressive offers to stimulate growth [25][26] - Economic uncertainties, including tariffs and consumer demand, are being closely monitored as they may impact advertising budgets [11][32] Other Important Information - The company recorded $6 million in tax expense for the quarter, but cash taxes are expected to be approximately $700,000 due to the utilization of net operating loss carryforwards [8] - As of April 25, the company had approximately $36 million in cash and cash equivalents following the sale of the Plano property [11] Q&A Session Summary Question: Is the company still on track for the $5 million profit improvement expected for 2025? - Management confirmed that they expect to realize the $5 million in savings starting in May, with a partial realization in Q2 and full realization in Q3 and Q4 [21][22] Question: Can you explain the 16% lift in starts from the new dynamic paywall? - The 16% lift refers to the increase in new subscriptions generated by the dynamic paywall compared to the previous meter strategy, which was based on fixed business rules [24] Question: How are subscribers trending in Q2? - Subscriber growth is still occurring, but at a slower pace than desired. The company is testing a more aggressive offer to boost subscription volume [25][26] Question: What areas of advertising showed weakness in Q1? - The company noted softness in real estate and retail advertising, while financial services remained strong. The agency side is steadier compared to print [32][33] Question: Will the increase in newsprint usage normalize in Q2? - Yes, the newsprint usage will return to 2024 levels, although pricing may fluctuate due to market conditions [38][39] Question: What is the status of pension obligations? - The company spent $10 million to fully fund the pension, which was less than the initially expected $14 to $16 million [41] Question: What is the expected profitability level for Medium Giant going forward? - Management aims to improve Medium Giant's margins into the double digits, focusing on larger clients to enhance profitability [44]

Gannett (GCI) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Matt Esposito - Head - IRMike Reed - Chairman and CEOKristin Roberts - President & Chief Content OfficerTrisha Gosser - CFOGiuliano Bologna - Managing DirectorMatthew Condon - Director Equity Research - Internet & Digital Media Operator note this conference is being recorded. I will now turn the conference over to your host, Matt Esposito, Head of Investor Relations. You may begin. Matt Esposito Thank you. Good morning, everyo ...

Gannett (GCI) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Matt Esposito - Head - IRMike Reed - Chairman and CEOKristin Roberts - President & Chief Content OfficerTrisha Gosser - CFOGiuliano Bologna - Managing DirectorMatthew Condon - Director Equity Research - Internet & Digital Media Operator note this conference is being recorded. I will now turn the conference over to your host, Matt Esposito, Head of Investor Relations. You may begin. Matt Esposito Thank you. Good morning, everyo ...

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]

Core Insights - DallasNews Corporation reported a significant turnaround in financial performance for Q1 2025, achieving a net income of $28.3 million compared to a net loss of $1.4 million in Q1 2024, largely due to the sale of the Plano printing facility [2][24]. - The company is focused on its Return to Growth Plan, which includes fully funding pension plans and transitioning printing operations, leading to expected expense savings [2][13]. Financial Performance - Total revenue for Q1 2025 was $29.1 million, a decrease of $2.0 million or 6.4% compared to Q1 2024 [4]. - Advertising and marketing services revenue was $10.8 million, down 7.2% from $11.6 million in the previous year, primarily due to a 12.2% decline in print advertising revenue [5]. - Circulation revenue decreased to $15.4 million, a drop of 5.2% from $16.3 million, mainly due to a 6.0% decline in print circulation revenue [6]. - The company recorded a net gain of $36.2 million from the sale of the Plano printing facility, which significantly impacted operating income, resulting in an operating income of $34.2 million [2][24]. Operating Expenses - Total consolidated operating expense was $(5.1) million, with an improvement of $1.7 million or 5.3% compared to Q1 2024 when excluding the gain from the facility sale [8]. - Adjusted operating expense was $30.3 million, reflecting a decrease of $1.6 million or 4.9% year-over-year, primarily due to savings in employee compensation and benefits [9]. Employee and Cash Position - As of March 31, 2025, the company had 461 employees, a reduction of 70 or 13.2% compared to the previous year, attributed to the transition to a more efficient printing facility [12]. - The company reported cash and cash equivalents of $44.2 million, significantly up from $9.6 million at the end of 2024, and has no debt [12][26]. Pension Plans - The company fully funded its pension liabilities using proceeds from the Plano printing facility sale and transitioned these obligations to an insurance carrier through an annuity purchase agreement [10][13].