Gannett Co., Inc. (NYSE:GCI) Q1 2024 Earnings Call Transcript

Achieving meaningful improvement in our top-line trend gives us confidence that we will hit the inflection point as we exit 2024. Driving digital revenue growth of 8% in digital accounting for over 42% of total revenues, achieving new highs across digital-only subscription revenue, digital-only ARPUs, and seeing our DMS core platform revenue grow and our ARPU grow all give us great confidence that digital will continue to grow above the 10% guidance we’ve given for the year. We’re generating year-over-year free cash flow growth, as well as sequential improvement in adjusted EBITDA trends and we’re continuing to grow our audience and engagement as evidenced by a 187 million average monthly unique visitors and eight consecutive months of at least 1 billion page views across our domestic properties.

As you can see our commitment to our strategy and, most importantly, to our readers and customers is unwavering. With these catalysts driving us forward we are excited and confident about the opportunities that lie ahead, not just in 2024, but 2025 and beyond. The progress achieved during Q1 puts us right on track with where we want to be in terms of delivering our full year objectives. And, again, please visit our supplement if you have time. But thanks for your time today and we look forward to updating you again with our results at the end of the second quarter. Thank you.

Operator: This concludes today’s conference, and you may disconnect your lines at this time. Thank you for your participation.