USA TODAY Q2 Revenue Misses Estimates, Down 8% YoY
TDAY sits 88% above its 52-week low of $4.33.
Summary
USA TODAY's Q2 revenue fell 8% year-over-year to $536.34 million, missing the $546.66 million consensus. The miss was driven by ongoing print declines, though digital-only subscription revenue grew for a second straight quarter with record-high ARPU. Net income came in at $9.13 million, a second consecutive profitable quarter, helped by an 8% reduction in operating expenses. Management reiterated full-year guidance for flat to low single-digit same-store revenue declines and expects digital to surpass 50% of total revenue. The stock trades at 31x forward earnings, down from 53x three months ago, reflecting improved profitability but persistent top-line pressure.
At the time of this announcement, TDAY was trading at $8.15 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $4.33 to $9.21. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.