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Gannett (GCI)
NYSE:GCI
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
-$0.16Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -12.39%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong digital growth, audience expansion, and successful debt refinancing, indicating positive momentum. However, challenges in revenue decline and DMS performance were highlighted. Overall, the positives in digital growth, audience engagement, and strategic initiatives outweigh the negatives.Company Guidance
During the Gannett Co., Inc. Q3 2024 earnings call, several key metrics and guidance updates were highlighted. Adjusted EBITDA reached approximately $63 million, marking a nearly 6% increase year-over-year, while digital revenues accounted for over 45% of total revenues, an all-time high for the company. The organization achieved a milestone of surpassing 200 million average monthly unique visitors, with a 7% growth compared to the prior year. Free cash flow significantly increased by 168% to approximately $20 million. Although total revenue was lower than expected due to the sale of non-strategic businesses and softer trends in specific segments, same-store revenue trends showed consistent improvement, with September emerging as the strongest month. Looking ahead to Q4, the company anticipates improvement in total and digital revenue trends, positioning them closer to an expected revenue inflection point. Additionally, Gannett completed debt refinancing transactions post-quarter-end, extending the maturity runway and simplifying their capital structure, with a strong focus on stabilization and positioning for sustainable revenue, adjusted EBITDA, and free cash flow growth in 2024.Digital Revenue Milestones
Digital revenues surpassed 45% of total revenues, an all-time high, with three out of four digital revenue categories showing strong growth. Digital-only subscription revenue hit $50 million, with ARPU exceeding $8.
Audience Growth
Audience surpassed 200 million average monthly unique visitors for the first time, a 7% year-over-year increase, with strong engagement driven by political events and sports coverage.
Debt Refinancing Success
Completed debt refinancing, extending maturities, reducing potential dilution, and simplifying capital structure, reflecting confidence in long-term strategy.
Adjusted EBITDA and Free Cash Flow Growth
Adjusted EBITDA totaled $63 million, growing nearly 6% year-over-year, and free cash flow increased by 168% to approximately $20 million.
Partnerships and AI Initiatives
Launched partnership with BetMGM for enhanced sports content monetization and announced AI partnership with Microsoft for content syndication.
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GCI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GCI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $5.81 | $4.69 | -19.28% |
| Aug 01, 2024 | $4.91 | $4.52 | -7.94% |
| May 02, 2024 | $2.41 | $3.06 | +26.97% |
| Feb 22, 2024 | $2.21 | $1.99 | -9.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gannett (GCI) report earnings?
Gannett (GCI) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Gannett (GCI) earnings time?
Gannett (GCI) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GCI EPS forecast?
GCI EPS forecast for the fiscal quarter 2024 (Q4) is $0.02.
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