USA TODAY Co., Inc.

Listed Company

TDAYCIK 0001579684NYSEAcceleratedNewspapers: Publishing Or Publishing & PrintingDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.30B

Net Income

$1.75M

Total Assets

$1.84B

Equity

$155.11M

Shares Out

146.70M

Op. Cash Flow

$114.39M

Business

USA TODAY Co., Inc. is a diversified media company that produces journalism and digital marketing solutions to inform, inspire, and connect audiences. It offers national and local news content, digital-only and print publications, events, production and distribution services, and a digital marketing platform (LocaliQ) delivering advertising, subscriptions, content syndication and marketing services. The company reports in three segments: Domestic Gannett Media, Newsquest and Digital Marketing Solutions, alongside corporate and other functions. It distributes content and services via digital platforms, print circulation, events, production facilities, a sales force, and third-party channels across the U.S., the U.K., and select international markets.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	2,302	2,509	2,664	2,945	3,208
Operating costs	1,411	1,546	1,692	1,860	1,902
Selling, general and administrative expenses	640	704	723	852	902
Depreciation and amortization	166	156	163	182	204
Integration and reorganization costs	32	66	24	88	49
Asset impairments	2	47	1	1	4
(Gain) loss on sale or disposal of assets, net	−17	1	−40	−7	17
Interest expense	97	105	112	108	—
Loss (gain) on early extinguishment of debt	2	−56	−5	−399,000	49
Equity income in unconsolidated investees, net	−2	−548,000	−2	−3	—
Other (income) expense, net	−26	19	2	−2	−19
Loss before income taxes	−1	−78	−6	−77	−88
(Benefit) provision for income taxes	−3	−51	22	1	48
Net income (loss)	2	−26	−28	−78	−136
Net income (loss) attributable to noncontrolling interests	6,000	−33,000	−103,000	−253,000	−1
Net income (loss) attributable to USA TODAY Co.	2	−26	−28	−78	−135
Income (loss) per share attributable to USA TODAY Co. - basic (in dollars per share)	0.01	−0.18	−0.2	−0.57	−1
Income (loss) per share attributable to USA TODAY Co. - diluted (in dollars per share)	0.01	−0.18	−0.2	−0.57	−1
Foreign currency translation adjustments	16	−14,000	14	−24	−604,000
Net actuarial gain (loss)	−3	10	33	−185	14
Amortization of net actuarial gain (loss)	779,000	1	−305,000	−500,000	64,000
Change in prior service cost	0	0	3	0	0
Amortization of prior service cost	−498,000	−500,000	−502,000	66,000	0
Settlement (gain) loss	−12	35,000	0	0	—
Equity method investments	−725,000	116,000	610,000	0	0
Other	−9	1	−7	5	−387,000
Total pension and other postretirement benefit items	−25	12	29	−180	13
Other comprehensive (loss) income before tax	−8	12	43	−204	13
Income tax (benefit) provision related to components of other comprehensive income (loss)	−6	3	7	−43	3
Other comprehensive (loss) income, net of tax	−3	9	36	−161	10
Comprehensive (loss) income	−986,000	−17	8	−239	−126
Comprehensive income (loss) attributable to noncontrolling interests	6,000	−33,000	−103,000	−253,000	−1
Comprehensive (loss) income attributable to USA TODAY Co.	−992,000	−17	8	−239	−125

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	90	106	100	94	131
Accounts receivable, net of allowance for credit losses of $13,600 and $13,596, respectively	224	240	266	289	329
Inventory	13	21	27	45	38
Prepaid expenses	46	40	36	46	—
Other current assets	17	19	15	33	—
Total current assets	389	426	444	508	577
Property, plant, and equipment, net	178	241	239	306	415
Operating lease assets	123	144	222	233	272
Goodwill	519	530	534	533	534
Intangible assets, net	338	430	524	613	713
Deferred tax assets	78	61	37	57	32
Pension and other assets	213	208	181	143	284
Total assets	1,837	2,040	2,181	2,394	2,828
Accounts payable and accrued liabilities	308	318	293	352	357
Deferred revenue	105	108	121	154	185
Current portion of long-term debt	69	74	64	60	69
Operating lease liabilities	33	40	46	45	—
Other current liabilities	1	5	10	6	51
Total current liabilities	518	546	534	617	663
Long-term debt	646	756	565	696	769
Convertible debt	239	250	416	406	393
Deferred tax liabilities	8	5	2	1	29
Pension and other postretirement benefit obligations	34	38	43	51	72
Long-term operating lease liabilities	146	168	204	219	255
Other long-term liabilities	91	126	101	109	117
Total noncurrent liabilities	1,165	1,342	1,330	1,481	1,636
Total liabilities	1,683	1,888	1,864	2,098	2,298
Commitments and contingent liabilities (see Note 14)	—	—	—	—	—
Preferred stock, $0.01 par value per share, 300,000 shares authorized, none of which were issued and outstanding at December 31, 2025 and December 31, 2024	0	0	0	0	0
Common stock, $0.01 par value per share, 2,000,000,000 shares authorized; 159,912,152 shares issued and 147,124,756 shares outstanding at December 31, 2025; 158,835,742 shares issued and 147,388,555 shares outstanding at December 31, 2024	2	2	2	2	1
Treasury stock, at cost, 12,787,396 shares and 11,447,187 shares at December 31, 2025 and December 31, 2024, respectively	−24	−21	−17	−15	−8
Additional paid-in capital	1,288	1,282	1,426	1,410	1,400
Accumulated deficit	−1,052	−1,054	−1,027	−999	−921
Accumulated other comprehensive loss	−59	−56	−66	−101	60
Total USA TODAY Co. stockholders' equity	155	153	318	296	532
Noncontrolling interests	−499,000	−505,000	−472,000	−369,000	−2
Total equity	155	153	317	295	530
Total liabilities and equity	1,837	2,040	2,181	2,394	2,828

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Share-based compensation expense	9	13	17	17	18
Non-cash interest expense	6	18	21	21	26
(Benefit) provision for deferred incomes taxes	−10	−45	12	3	45
Asset impairments	2	47	1	1	4
Pension and other postretirement benefit obligations	−25	−24	−14	−80	−151
Accounts receivable, net	17	26	34	45	−33
Inventory	8	5	19	−7	−3
Prepaid expenses	3	−2	17	3	6
Accounts payable and accrued liabilities	−20	−2	−65	−24	−33
Deferred revenue	−2	−17	−30	−30	931,000
Other assets and liabilities	−23	7	−4	−959,000	−12
Cash provided by operating activities	114	100	95	41	127
Purchase of property, plant, and equipment	−51	−50	−38	−45	−40
Proceeds from sale of real estate and other assets	55	21	85	84	112
Proceeds from the sale of investments	6	1	0	—	—
Change in other investing activities	−1	−442,000	−203,000	−572,000	−1
Cash provided by (used for) investing activities	9	−28	47	22	71
Payments of deferred financing costs	−992,000	−9	0	−2	−21
Borrowings of long-term debt	15	838	0	80	1,935
Repayments of long-term debt	−136	−645	−134	−171	−2,156
Repurchase of convertible debt	−15	−248	0	0	−15
Proceeds from convertible debt	0	110,000	0	0	0
Treasury stock	−3	−3	−3	−7	−3
Changes in other financing activities	−613,000	−2	952,000	−2	−739,000
Cash used for financing activities	−140	−69	−136	−103	−261
Effect of currency exchange rate change on cash	−2	2	−234,000	1	−35,000
(Decrease) increase in cash, cash equivalents and restricted cash	−18	6	6	−39	−63

Filings

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