Filing Flows › USA Today (TDAY) › Q1 2025
USA Today (TDAY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
USA Today (TDAY) reported revenue of $572M for the first quarter 2025 (Q1 2025), -10% from a year earlier and -8% from the quarter before. Operating margin was 1.7%, net loss $7.3M (1.3% of revenue).
USA Today, Q1 2025: revenue $572M (-10% year over year), operating margin 1.7%, net loss $7.3M, operating cash flow $23.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $572M | -8% | -10% |
| Operating profit | $9.8M | — | — |
| Net earnings | −$7.3M | — | — |
| Operating cash flow | $23.3M | +159% | +4% |
| Free cash flow | $9.8M | — | +3% |
What changed
Revenue was $571.6M in Q1 2025, down 10% year over year and down 8% from the previous quarter. Print circulation was the largest line at 26% of revenue. Print circulation lost $24.3M year over year (down 14%), 38% of the total change.
Operating profit was $9.8M, a 1.7% margin (up 9.6 points year over year). Total costs fell 18% while revenue fell 10%. The quarter ended with a net loss of $7.3M, after a profit of $64.3M the previous quarter. Net interest and other expense of $23.9M was the main reason.
Operating cash flow was $23.3M (up 4% year over year). Non-cash charges added back $42.6M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $14.9M. Capital expenditures of $13.5M left free cash flow of $9.8M.
Questions
What was USA Today's revenue in the first quarter 2025?
USA Today (TDAY) reported revenue of $572M for the first quarter 2025 (Q1 2025), -10% from a year earlier and -8% from the quarter before.
Was USA Today profitable in the first quarter 2025?
Operating profit was $9.8M (1.7% of revenue) and net loss $7.3M.
Source: USA Today 10-Q on SEC EDGAR.