Filing Flows › USA Today (TDAY) › Q3 2025
USA Today (TDAY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
USA Today (TDAY) reported revenue of $561M for the third quarter 2025 (Q3 2025), -8% from a year earlier and -4% from the quarter before. Operating margin was -3.9%, net loss $39.2M (7.0% of revenue).
USA Today, Q3 2025: revenue $561M (-8% year over year), operating margin -3.9%, net loss $39.2M, operating cash flow $15.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $561M | -4% | -8% |
| Operating profit | −$21.6M | — | — |
| Net earnings | −$39.2M | -150% | — |
| Operating cash flow | $15.2M | -53% | -55% |
| Free cash flow | $4.9M | -72% | -75% |
What changed
Revenue was $560.8M in Q3 2025, down 8% year over year and down 4% from the previous quarter. Print circulation was the largest line at 25% of revenue. Print circulation lost $18.8M year over year (down 12%), 36% of the total change.
Operating costs exceeded revenue by $21.6M, an operating margin of -3.9%. Total costs fell 6% while revenue fell 8%. The fastest-growing cost line was Other operating costs (+16%). The quarter ended with a net loss of $39.2M, after a profit of $78.4M the previous quarter.
Operating cash flow was $15.2M (down 55% year over year). Non-cash charges added back $43.2M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $9.3M. Capital expenditures of $10.3M left free cash flow of $4.9M.
Questions
What was USA Today's revenue in the third quarter 2025?
USA Today (TDAY) reported revenue of $561M for the third quarter 2025 (Q3 2025), -8% from a year earlier and -4% from the quarter before.
Was USA Today profitable in the third quarter 2025?
Operating loss was $21.6M (-3.9% of revenue) and net loss $39.2M.
Source: USA Today 10-Q on SEC EDGAR.