Strong Digital Revenue Growth
Digital subscription revenue grew 46% annually over the last three years, and digital agency revenue grew 33% annually over the same period. In the first quarter, digital subscription revenue grew 40% year over year.
High Digital Gross Margin
Digital revenue has grown more than 17% annually since FY21, translating to 13% annual growth in digital gross margin, with a digital margin of 70%.
AI-Driven Advancements
Significant advances in AI-driven personalization for readers and AI business technology for advertisers, with promising early test results showing 85% adoption rates among engaged users.
Cost Reduction Initiatives
Identified $40 million in annual cost reductions to be executed by the end of the second quarter.
Asset Monetization for Liquidity
Closed over $5 million of asset sales in Q1, with an additional $25 million of non-core assets identified for monetization in 2025.