Gannett Co. Inc. has released its second quarter 2025 financial results, reporting total revenues of $584.9 million, marking an 8.6% decrease year-over-year. The net income attributable to Gannett was reported at $78.4 million, representing a margin of 13.4%. The company also noted an adjusted net income of $84.5 million. Total Adjusted EBITDA for the quarter reached $64.2 million, with an 11.0% margin, showing an improvement of 220 basis points compared to the first quarter of 2025. In terms of cash flow, Gannett reported cash provided by operating activities of $32.6 million and free cash flow of $17.6 million. Looking ahead, Gannett expects total digital revenues to grow by approximately 3%-5% on a same store basis, while total revenues are anticipated to decline in the low single digits on a same store basis. The company projects net income attributable to Gannett to decline compared to the prior year, while Total Adjusted EBITDA is expected to grow. Cash provided by operating activities is forecasted to grow in excess of 70% versus the prior year, and free cash flow is expected to grow in excess of 100% versus the prior year. For the full year 2025, total digital revenues are expected to remain flat on a same store basis, with an expectation to constitute more than 50% of total revenues during 2026. Total revenues are projected to decrease in the low-mid single digits on a same store basis, with flat same store revenue trends anticipated in early 2026.