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How USA Today (TDAY) makes money

USA Today (TDAY) made $519M of revenue in the third quarter 2026 (Q3 2026), -7% from a year earlier. Print and commercial brought in $270M (52%); Digital brought in $249M (48%).

Drawing the Sankey…

USA Today revenue by segment, Q3 2026USA Today revenue by segment, Q3 2026Print and commercial$270MDigital$249M
USA Today: revenue by line, Q1 2025 to Q3 2026USA Today: revenue by line, Q1 2025 to Q3 2026Print and commercialDigitalPrint and commercial: $270M latest$270MDigital: $249M latest$249MQ1 2025Q2 2025Q3 2025Q1 2026Q2 2026Q3 2026
Print and commercial went from 56% of revenue in Q1 2025 to 52% in Q3 2026, the largest shift in the mix.
USA Today revenue by quarterUSA Today revenue by quarter$572MQ1 2025$585MQ2 2025$561MQ3 2025$585MQ4 2025$548MQ1 2026$536MQ2 2026$519MQ3 2026
USA Today: where each dollar of revenue goesUSA Today: where each dollar of revenue goesOperating cash flow3¢Free cash flow1¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Print and commercial$270M52.0%-4%-8%
  ↳ Print circulation$120M23.2%-4%-13%
  ↳ Print advertising$104M20.0%-7%-8%
  ↳ Digital-only subscription$46.0M8.9%+1%+5%
Digital$249M48.0%-2%-6%
  ↳ Digital marketing services$107M20.6%-1%-7%
  ↳ Digital advertising$75.0M14.4%-6%-14%
  ↳ Commercial and other$45.7M8.8%+0.3%-3%
  ↳ Digital other$21.3M4.1%+4%+25%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$519M100.0%
Operating cash flow$16.7M3.2%
Free cash flow$4.3M0.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$519M-7%
Q2 2026$536M-8%
Q1 2026$548M-4%
Q4 2025$585M-6%
Q3 2025$561M-8%
Q2 2025$585M-9%
Q1 2025$572M-10%

From USA Today's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does USA Today make money?

USA Today (TDAY) made $519M of revenue in the third quarter 2026 (Q3 2026), -7% from a year earlier. Print and commercial brought in $270M (52%); Digital brought in $249M (48%).

What is USA Today's biggest business?

Print and commercial: $270M in the third quarter 2026, 52% of revenue, -8% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.