Gannett Reports 8% Revenue Decline and Increased Net Loss in Q3 2025

Gannett Co., Inc. reported a decline in financial performance for the third quarter of 2025, with total revenues of $560.8 million, down 8% from $612.4 million in the same period last year. The company's net loss attributable to Gannett was $39.2 million, or $0.27 per share, compared to a loss of $19.7 million, or $0.14 per share, in the prior year. For the nine months ended September 30, 2025, total revenues were $1.72 billion, a decrease of 9% from $1.89 billion in 2024, while net income attributable to Gannett was $31.8 million, a significant recovery from a loss of $90.7 million in the same period last year.

The decline in revenue was primarily driven by decreases in both digital and print segments. Digital revenues fell to $262.7 million, down 5% year-over-year, while print and commercial revenues decreased by 11% to $298.1 million. The company attributed these declines to ongoing challenges in the advertising market, particularly in print, as well as a reduction in customer counts and engagement metrics. Gannett's digital marketing solutions segment also saw a 5% decrease in revenues, reflecting a decline in core direct business and customer count.

In terms of operational developments, Gannett has been focusing on cost control measures, resulting in a 6% reduction in operating costs to $352.3 million. Selling, general, and administrative expenses also decreased by 13% to $153.7 million. The company has been actively managing its workforce and facilities to align with its digital-first strategy, which aims to enhance audience engagement and diversify revenue streams. As of September 30, 2025, Gannett had 147.1 million shares of common stock outstanding, with no shares repurchased under its $100 million stock repurchase program during the quarter.

Looking ahead, Gannett remains cautious about the macroeconomic environment, which continues to impact advertising performance and overall revenue. The company is committed to implementing further cost reduction initiatives and optimizing its operations to navigate the ongoing challenges in the media landscape. Gannett's management expressed optimism about its digital transformation efforts and the potential for future growth, although they acknowledged the uncertainties posed by economic conditions and competition from large technology platforms.