GCI Earnings Prediction
The chart below shows how GCI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GCI sees a -0.68% change in stock price 10 days leading up to the earnings, and a +1.73% change 10 days following the report. On the earnings day itself, the stock moves by +0.06%. This data can give you a slight idea of what to expect for the next quarter's release.
GCI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
612.44M
-6.19%
-4.28%
Gross Margin
32.02%
6.59%
-2.50%
Operating Margin
3.21%
93.37%
-36.18%
Net Margin
-3.21%
723.08%
-250.00%
EPS
-0.14
-600.00%
-255.56%
No Data Available
GCI Earnings Analysis
Gannett Co., Inc. Corporation (GCI.N) Earnings Conference Call
Positive
Adjusted EBITDA Increase: 1. Strong Adjusted EBITDA Growth: Gannett reported an adjusted EBITDA of approximately $63 million for Q3 2024, reflecting a year-over-year growth of nearly 6%.
Digital Revenue Milestone: 2. Record Digital Revenue Contribution: Total digital revenues surpassed 45% of total revenues, marking an all-time high, with digital-only subscription revenue reaching $50.1 million, a 25% increase year-over-year.
Free Cash Flow Surge: 3. Significant Free Cash Flow Generation: The company generated approximately $20 million in free cash flow, representing a substantial increase of 168% compared to the prior year.
Audience Growth Milestone: 4. Audience Milestone Achievement: Gannett's audience surpassed 200 million average monthly unique visitors for the first time, demonstrating a growth of over 7% year-over-year.
Debt Refinancing Success: 5. Successful Debt Refinancing: The company completed a comprehensive debt refinancing that extended maturities to 2029, reducing potential future share dilution and simplifying its capital structure.
Negative
Revenue Decline Analysis: 1. Declining Total Revenue: Total operating revenues decreased by 6.2% year-over-year, amounting to $612.4 million, primarily due to the sale and unwind of non-strategic businesses.
Same-Store Revenue Challenges: 2. Same-Store Revenue Decline: Same-store revenues fell by 5.3%, indicating ongoing challenges in maintaining revenue levels despite some improvements in specific segments.
Digital Marketing Solutions Decline: 3. Weak Digital Marketing Solutions Performance: The Digital Marketing Solutions (DMS) segment experienced a slight decline in revenue compared to the prior year, attributed to churn from lower spending accounts and economic uncertainty in the home improvement sector.
Adjusted Net Loss Improvement: 4. Adjusted Net Loss: The company reported an adjusted net loss of $6.1 million for the third quarter, which is an improvement of only $16.6 million compared to the previous year's loss, indicating persistent financial challenges.
Customer Count Decline: 5. Customer Count Contraction: The average customer count in the DMS segment contracted in Q3, highlighting difficulties in customer retention despite improvements in account retention for ideal customer profiles.
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GCI Earning Call Sentiment
Gannett Co., Inc. (GCI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GCI.N
-6.93%Positive
The earnings call shows strong digital revenue growth, improved EBITDA margins, and strategic asset sales aligning with long-term goals, despite a decline in total operating revenues. The Q&A session highlights management's confidence in future growth and successful partnerships like the Microsoft deal. Although some concerns about asset sales timing exist, the overall sentiment is positive, with management optimistic about 2025. The lack of guidance changes and no major negative announcements suggest a positive stock price movement over the next two weeks.
