Gannett Co., Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 22, 2024 at 07:00 am EST
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Gannett Co., Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 669.41 million compared to USD 730.66 million a year ago. Net loss was USD 22.89 million compared to net income of USD 32.77 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to basic earnings per share from continuing operations of USD 0.24 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to diluted earnings per share from continuing operations of USD 0.17 a year ago.
For the full year, revenue was USD 2,663.55 million compared to USD 2,945.3 million a year ago. Net loss was USD 27.79 million compared to USD 78 million a year ago. Basic loss per share from continuing operations was USD 0.2 compared to USD 0.57 a year ago. Diluted loss per share from continuing operations was USD 0.2 compared to USD 0.57 a year ago.
Gannett Co., Inc. is a diversified media company. The Company operates through three segments: Domestic Gannett Media, Newsquest and Digital Marketing Solutions (DMS). Its Domestic Gannett Media segment comprises USA TODAY, daily and weekly content brands in approximately 220 local United States markets across 43 states and its community events business, USA TODAY NETWORK Ventures. Its core print offerings include home delivery offered on a subscription basis, single copy, and non-daily publications. Its Newsquest segment in the United Kingdom consists of over 220 digital news and media brands across its portfolio, including over 150 daily and weekly newspapers and over 70 magazines. Its DMS segment is dedicated to helping local businesses succeed through digital advertising and marketing solutions. The DMS segment, under the brand LocaliQ, is a cloud-based platform of fully-digital products that delivers customers and drives leads through technology and insights.
GANNETT CO., INC. 
