Gannett reported solid Q1 earnings with an 8% increase in digital revenues, now constituting 42% of total revenues. Digital-only subscriptions and ARPU hit record highs.
Despite a 5% decrease in total operating revenues, Gannett remains positive, focusing on debt repayment, digital expansion, and anticipating continued revenue growth.
Bearish highlights include a net loss of $84.8 million and a total debt of approximately $1 billion, despite some positive digital revenue growth percentages.
Bullish highlights involve digital advertising revenue growth, digital-only subscription revenue increase to $43.5 million, and ARPU rising to $7.22, driven by audience expansion and engagement.
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