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GCI

Gannett Co., Inc.

GCI

Gannett Co., Inc. • NYSE
$4.96 ▲ 5.08% (+0.24)
Market Cap $729.66 M
52w High $5.69
52w Low $2.55
Dividend Yield 0%
P/E 7.4
Volume 1.27M
Outstanding Shares 147.11M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $560.796M ▼ $153.743M ▼ $-39.249M ▼ -6.999% ▼ $-0.27 ▼ $45.432M ▼
Q2-2025 $584.861M ▲ $206.891M ▲ $78.391M ▲ 13.403% ▲ $0.55 ▲ $57.965M ▲
Q1-2025 $571.573M ▼ $205.173M ▼ $-7.333M ▼ -1.283% ▼ $-0.051 ▼ $54.57M ▼
Q4-2024 $621.275M ▲ $239.371M ▲ $64.319M ▲ 10.353% ▲ $0.45 ▲ $101.422M ▲
Q3-2024 $612.439M $222.373M $-19.653M -3.209% $-0.14 $40.274M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $75.246M ▼ $1.924B ▼ $1.731B ▼ $194.009M ▼
Q2-2025 $88.542M ▲ $2.01B ▲ $1.774B ▼ $237.087M ▲
Q1-2025 $85.912M ▼ $1.952B ▼ $1.802B ▼ $150.143M ▼
Q4-2024 $106.299M ▲ $2.04B ▼ $1.888B ▲ $153.139M ▼
Q3-2024 $101.801M $2.063B $1.823B $240.451M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-39.249M ▼ $15.163M ▼ $-10.185M ▼ $-18.543M ▲ $-13.347M ▼ $4.866M ▼
Q2-2025 $78.398M ▲ $32.555M ▲ $-7.019M ▼ $-23.809M ▲ $82K ▲ $17.497M ▲
Q1-2025 $-7.333M ▼ $23.308M ▲ $34.823M ▲ $-78.354M ▼ $-20.098M ▼ $9.762M ▲
Q4-2024 $64.318M ▲ $8.989M ▼ $-10.885M ▼ $3.655M ▲ $4.502M ▲ $-3.837M ▼
Q3-2024 $-75.447M $33.745M $-799K $-28.984M $2.885M $19.762M

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Digital
Digital
 $280.00M ▲$280.00M ▲$270.00M ▼$260.00M ▼
Digital Advertising
Digital Advertising
 $80.00M ▲$90.00M ▲$90.00M ▲$90.00M ▲
Digital Marketing Services
Digital Marketing Services
 $120.00M ▲$120.00M ▲$120.00M ▲$110.00M ▼
Digital Other
Digital Other
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Print Advertising
Print Advertising
 $120.00M ▲$130.00M ▲$120.00M ▼$110.00M ▼
Print Circulation
Print Circulation
 $160.00M ▲$160.00M ▲$140.00M ▼$140.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been drifting down steadily over the past five years, reflecting the long-term pressures on print and traditional advertising. On the positive side, the company has become more efficient: operating performance improved meaningfully after 2020, though it slipped back into a small operating loss most recently. Despite these efforts, the business still has not turned the corner to consistent profitability at the bottom line, with net losses every year, even if those losses are far smaller than they were a few years ago. Overall, this looks like a company successfully cutting costs and stabilizing its operations, but still wrestling with revenue decline and structural headwinds in its core business.

Balance Sheet

Balance Sheet The balance sheet shows a shrinking company: total assets have come down, which is typical of a business paying down debt, selling non-core assets, or running leaner. Debt has been reduced meaningfully from earlier years, which lowers financial risk, but it still represents a heavy claim on the business. Shareholders’ equity is quite thin and has bounced around, hinting at prior losses and write-downs. Cash balances are modest but fairly steady, so liquidity does not look alarming, yet the combination of high leverage and limited equity leaves only a small cushion if conditions worsen.

Cash Flow

Cash Flow Cash generation has been more reassuring than the income statement. Operating cash flow has stayed positive, if modest, suggesting the core operations are still throwing off cash even while reported profits are negative. Capital spending is relatively low and stable, which helps free cash flow remain positive in most years. This means the company has at least some internal cash to service debt and reinvest, though not a lot of room for major new initiatives without outside funding or further cost savings.

Competitive Edge

Competitive Edge Gannett’s competitive position rests on a blend of legacy strength and ongoing reinvention. On one hand, it has some of the best-known news brands in the country, including USA TODAY and a broad network of local outlets, along with deep community relationships and trust that digital-only rivals often lack. On the other hand, the core print and traditional advertising markets are in structural decline, and competition for digital ad dollars is intense, with tech platforms and local digital players all vying for attention. Its large audience and first-party data give it a meaningful edge in targeting and personalization, but the company must keep shifting its mix toward digital subscriptions, marketing solutions, and events to offset the erosion in its legacy business.

Innovation and R&D

Innovation and R&D The company is clearly leaning into technology and new products to reshape itself. It is experimenting with generative AI through DeeperDive, using its own journalism as trusted input, which could deepen user engagement and create new ad formats. Its LocaliQ arm is effectively a technology-driven marketing agency, using tools like AI-powered lead management and cross-media optimization to help small and mid-sized businesses spend their ad dollars more effectively. The events business adds another differentiated revenue stream with strong community ties. Overall, Gannett is not a high-tech R&D company in the classic sense, but it is actively applying AI, data, and software to modernize a legacy media model and build more diversified revenue streams.

Summary

Gannett is a traditional media company working hard to reinvent itself in a difficult environment. Financially, it has made real progress since 2020: losses have narrowed, cash flow is positive, and debt has been reduced. At the same time, revenue keeps edging down, profitability remains fragile, and the balance sheet is still highly leveraged with limited equity. Strategically, the company is leaning on its strong brands, large local footprint, and substantial audience data while investing in AI, digital marketing services, and events to create growth areas outside of print. The key tension is whether these newer, more digital and data-driven businesses can grow fast enough and profitably enough to more than offset continued pressure on the traditional publishing operations.

NEWS

November 24, 2025 · 8:30 PM UTC

GCI Liberty Announces Terms for Previously Announced Rights Offering

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November 18, 2025 · 7:30 AM UTC

Gannett Changes Name to USA TODAY Co.

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November 13, 2025 · 8:15 AM UTC

GCI Liberty to Participate in Q&A Session During Liberty Media Annual Investor Meeting

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November 5, 2025 · 8:15 AM UTC

GCI Liberty Reports Third Quarter 2025 Financial Results

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November 5, 2025 · 8:10 AM UTC

GCI Liberty Announces $300 Million Rights Offering for Series C GCI Group Common Stock

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