Gannett (GCI) reiterated full year 2024 outlook and outlook over the course of 2025 and 2026. Full year 2024 total digital revenues are expected to grow approximately 10%. Total revenues are expected to be down in the low to mid-single digits on a reported and same store basis. Net income attributable to Gannett is expected to improve, after excluding an impairment charge of approximately $46.0 million related to the exit of McLean, Virginia office during the first quarter of 2024.
For 2025-2026, total digital revenues are expected to accelerate with growth exceeding 10% year-over-year and are expected to make up 50% of total revenues in 2025 and exceed 55% of total revenues in 2026. Total revenues are expected to grow in the low single digits on a reported basis and same store basis. Net income attributable to Gannett is expected to improve to positive.
Second quarter net income was $13.748 million compared to a loss of $12.677 million, last year. Profit per share was $0.09 compared to a loss of $0.09. Total revenues were $639.8 million, decreased 4.8% compared to the second quarter of 2023. Same store revenues decreased 4.6%.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.