Gannett Reports Q2 2025 Revenue Decline to $584.9 Million, Net Income Rises to $78.4 Million

Gannett Co., Inc. reported its financial results for the second quarter of 2025, revealing a total revenue of $584.9 million, a decrease of 9% from $639.8 million in the same period last year. The decline was attributed to a 12% drop in print and commercial revenues, which fell to $319.4 million from $361.5 million, alongside a 5% decrease in digital revenues, which totaled $265.4 million compared to $278.4 million in the prior year. The company recorded a net income of $78.4 million, a significant increase from $13.7 million in the previous year, primarily due to a substantial tax benefit.

In terms of operational metrics, Gannett's digital marketing solutions segment saw a revenue decline of 5% to $117.5 million, while the Domestic Gannett Media segment's revenues decreased by 11% to $439.3 million. The company reported a total operating cost of $359.4 million, down 8% from $391.5 million, reflecting cost control measures. Selling, general, and administrative expenses also decreased by 8% to $164.1 million, contributing to improved profitability.

Strategically, Gannett has been focusing on restructuring efforts, which included integration and reorganization costs of $12.3 million in the second quarter, down 38% from the previous year. The company has also been divesting non-strategic assets, with a notable gain of $20.8 million from the sale of the Austin American-Statesman. As of June 30, 2025, Gannett's total assets stood at $2.01 billion, with total liabilities of $1.77 billion, resulting in stockholders' equity of $237.1 million.

Looking ahead, Gannett anticipates continued challenges in the print segment due to ongoing declines in print advertising and circulation. The company is committed to enhancing its digital-first strategy and diversifying revenue streams to mitigate these impacts. Gannett's management expressed optimism about future growth opportunities, particularly in digital marketing solutions, despite the uncertain macroeconomic environment and potential impacts from rising interest rates. The company expects to maintain adequate liquidity to meet its operational needs and debt obligations in the coming months.