Gannett Announces Third Quarter 2024 Results & Updated Full Year Outlook
Gannett Co., Inc. (GCI)
Last gannett co., inc. earnings: 11/4 06:55 am
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Source: Business Wire
NEW YORK, NY--(BUSINESS WIRE)--Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) today reported its financial results for the third quarter ended September 30, 2024."We continued to make solid progress on our key priorities in the third quarter while delivering another quarter of year-over-year Adjusted EBITDA growth. Three out of four digital revenue categories experienced further trend improvement year-over-year, and as a result, total digital revenues surpassed 45% of total revenues, representing an all-time high. These results reinforce our belief that we have created a sustainable pathway for ongoing growth moving forward. We also significantly increased our free cash flow by 168% year-over-year. Additionally, within the quarter, we repaid approximately $29 million of debt, which combined with our Adjusted EBITDA growth, reduced our first lien net leverage to 1.76x. It is also important to note that some of our strategic decisions impacted total r
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GCI
Sec Filings
- 11/26/24 - Form 4
- 11/14/24 - Form SC
- 10/31/24 - Form 10-Q
- GCI's page on the SEC website