Filing Flows › USA Today (TDAY) › Q2 2025
USA Today (TDAY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
USA Today (TDAY) reported revenue of $585M for the second quarter 2025 (Q2 2025), -9% from a year earlier and +2% from the quarter before. Operating margin was -1.6%, net earnings $78.4M (13.4% of revenue).
USA Today, Q2 2025: revenue $585M (-9% year over year), operating margin -1.6%, net earnings $78.4M, operating cash flow $32.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $585M | +2% | -9% |
| Operating profit | −$9.1M | -193% | — |
| Net earnings | $78.4M | — | — |
| Operating cash flow | $32.6M | +40% | -7% |
| Free cash flow | $17.5M | +79% | -31% |
What changed
Revenue was $584.9M in Q2 2025, down 9% year over year and up 2% from the previous quarter. Print circulation was the largest line at 25% of revenue. Print circulation lost $19.2M year over year (down 12%), 35% of the total change.
Operating costs exceeded revenue by $9.1M, an operating margin of -1.6%. Total costs fell 6% while revenue fell 9%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $78.4M, up 470% year over year.
Operating cash flow was $32.6M (down 7% year over year), 42% of net earnings. Non-cash charges added back $42.6M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $90.6M. Capital expenditures of $15.1M left free cash flow of $17.5M.
Questions
What was USA Today's revenue in the second quarter 2025?
USA Today (TDAY) reported revenue of $585M for the second quarter 2025 (Q2 2025), -9% from a year earlier and +2% from the quarter before.
Was USA Today profitable in the second quarter 2025?
Operating loss was $9.1M (-1.6% of revenue) and net earnings $78.4M.
Source: USA Today 10-Q on SEC EDGAR.