Earnings ·
USA TODAY Co. reports Q3 net loss of $4.6M, launches $100M cost reduction program
GCIUSA TODAY Co., Inc.
USA TODAY Co., Inc. reported a third-quarter net loss attributable to shareholders of $4.6 million on total revenues of $519.2 million, a 7.4% decline year-over-year. Total Adjusted EBITDA fell to $36.6 million from $57.2 million in the prior-year period. The company implemented a new $100 million annualized cost reduction program at the end of the quarter and plans to opportunistically repurchase shares using up to $96.9 million available under its existing authorization, supported by an amendment to its term loan facility allowing incremental debt financing for buybacks. Additionally, the company disclosed that a court denied Google's motion for summary judgment in ongoing Ad Tech litigation, with trial set for April 5, 2027, and damages calculated at $901 million through 2024. USA TODAY Co., Inc. is a diversified media company operating national and local news properties alongside digital marketing solutions.