USA TODAY
Operates USA TODAY Media, Newsquest, and LocaliQ across publishing and digital marketing.
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Profile
Runs the USA TODAY Network and U.K. Newsquest portfolio while selling digital advertising, subscriptions, print, and LocaliQ services. The business is concentrated in publishing, with digital revenue now roughly half of sales and print still a material base.
Operates USA TODAY Media around the USA TODAY Network, a national flagship, and local newsrooms across the United States. Revenue comes from digital advertising, subscriptions, print circulation, commercial print, distribution, content syndication, licensing, and events.
Adds Newsquest in the United Kingdom and LocaliQ, a marketing platform for small and medium-sized businesses. LocaliQ sells automation, campaign management, CRM, analytics, and managed services, extending the company beyond newsroom monetization.
Execution centers on shifting a print-heavy publishing base toward digital subscriptions, advertising, marketing services, licensing, and AI partnerships. The business remains shaped by print decline, debt load, labor costs, and dependence on large digital platforms for audience and advertising economics.
Company facts
Categories
Key statistics
Year to date +22.0% · Average volume (30d) 2.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Jun 5, 2026 | New Street | Target | $8.05 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.01 | $0.07 | +833.8% | $546.7M | $536.3M | −1.9% | −7.62% |
| Apr 30, 2026Q1 FY26 | −$0.08 | $0.09 | +216.6% | $551.0M | $548.5M | −0.5% | +2.07% |
| Feb 26, 2026Q4 FY25 | −$0.17 | −$0.21 | −23.5% | $584.8M | $585.0M | 0.0% | −7.03% |
| Oct 30, 2025Q3 FY25 | −$0.13 | −$0.21 | −68.0% | $591.4M | $560.8M | −5.2% | +0.95% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $571.6M | $584.9M | $560.8M | $585.0M | $548.5M | $536.3M | |
| Gross profit | $172.3M | $225.4M | $165.3M | $205.3M | $189.9M | $536.3M | |
| Operating income | $490.0K | $18.5M | $11.5M | $50.9M | $39.2M | $14.5M | |
| Net income | −$7.3M | $78.4M | −$39.2M | −$30.1M | $19.9M | $9.1M | |
| Diluted EPS | −$0.05 | $0.55 | −$0.27 | −$0.20 | $0.12 | $0.06 | |
| Gross margin | 30.1% | 38.5% | 29.5% | 35.1% | 34.6% | 100.0% | |
| Operating margin | 0.1% | 3.2% | 2.1% | 8.7% | 7.1% | 2.7% |
Fiscal years (4-quarter sums)FY21 $3.21B · FY22 $2.95B · FY23 $2.66B · FY24 $2.51B · FY25 $2.30B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $86.7M · Total debt $1.11B · Total assets $1.79B · Shareholders' equity $153.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 147.11M · Float 102.04M · 69.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Two Seas Capital LP | 14.18M | 9.60% | 13G | Nov 14, 2025 |
| Apollo Management Holdings GP, LLC | 12.13M | 8.30% | 13G | May 14, 2026 |
| Alta Fundamental Advisers LLC | 11.17M | 7.60% | 13G | May 15, 2025 |
| Michael Reed · director, officer: Chief Executive Officer | 3.17M | 2.16% | Form 4 | Aug 7, 2026 |
| Laurence Tarica · director | 1.13M | 0.77% | Form 4 | Jun 4, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 6, 2026 | John Jeffry Louis | director | −13,471 | $5.85 |
Peers
- New York Times
National news subscriptions and premium digital advertising
- News Corp Class A
Dow Jones and news brands challenge subscriptions and ad budgets
- Lee Enterprises
Local news, subscriptions, and digital marketing services
- Alphabet Class A
Search, YouTube, and ad-tech platform overlap
- Nexstar Media Group
Local TV and digital outlets compete for audiences and ads
- Meta
Social ad platform competing for SMB marketing spend
- HubSpot
CRM and marketing automation alternative to LocaliQ
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| USA TODAY | $6.34 | −0.24% | $932.7M | — | 31.4 | 0.4 | −8.3% |
| New York Times | $68.16 | +0.01% | $11.07B | 28.4 | 22.8 | 3.7 | +11.2% |
| News Corp Class A | $30.65 | −1.00% | $17.38B | 30.1 | 23.0 | 2.1 | +10.8% |
| Lee Enterprises | $8.37 | 0.00% | $186.1M | — | — | 0.4 | −10.9% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Nexstar Media Group | $179.00 | −2.33% | $5.60B | 34.9 | 6.1 | 0.8 | +62.3% |
| Meta | $578.36 | +0.06% | $1.47T | 21.8 | 19.0 | 6.5 | +28.0% |
| HubSpot | $260.15 | −0.21% | $13.36B | 92.1 | 17.3 | 3.9 | +19.8% |
| Median | 29.2 | 20.9 | 3.7 | +19.8% |