TDAY · NYSE · Publishing

USA TODAY (TDAY)

Operates USA TODAY Media, Newsquest, and LocaliQ across publishing and digital marketing.

$6.44
vs last close+0.05 (+0.78%)
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USA TODAY Co., Inc.TDAY
Communication Services

Runs the USA TODAY Network and U.K. Newsquest portfolio while selling digital advertising, subscriptions, print, and LocaliQ services. The business is concentrated in publishing, with digital revenue now roughly half of sales and print still a material base.

Operates USA TODAY Media around the USA TODAY Network, a national flagship, and local newsrooms across the United States. Revenue comes from digital advertising, subscriptions, print circulation, commercial print, distribution, content syndication, licensing, and events.

Adds Newsquest in the United Kingdom and LocaliQ, a marketing platform for small and medium-sized businesses. LocaliQ sells automation, campaign management, CRM, analytics, and managed services, extending the company beyond newsroom monetization.

Execution centers on shifting a print-heavy publishing base toward digital subscriptions, advertising, marketing services, licensing, and AI partnerships. The business remains shaped by print decline, debt load, labor costs, and dependence on large digital platforms for audience and advertising economics.

Company facts

CEOMike Reed
ListedFeb 14, 2014
ExchangeNYSE
HeadquartersPittsford, NY
CountryUnited States
Employees9,500
CIK0001579684
ISINUS36472T1097

Market cap$940.0M
EPS (ttm)−$0.2949
P/E (ttm)−21.67
ROE-25.0%
P/B6.11
P/S0.4214
Dividend yieldDiv yield
Beta0.39vs XLC 0.59

Price target$8.05+26.0%Average of 18 analysts
ConsensusHold9 of 18 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jun 5, 2026New StreetTarget
Target:
Target: $8.05

Next report
Nov 5, 26
in 44 days
EPS estimate
−$0.06
Revenue estimate
$528.4M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Aug '26Nov '26
Reported$0.07−$0.09$0.45−$0.21−$0.21$0.09$0.07Pending
Estimate−$0.03−$0.03−$0.11−$0.13−$0.17−$0.08−$0.01−$0.06
Surprise+333.3%−200.0%+509.1%−68.0%−23.5%+216.6%+833.8%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Aug '26Nov '26
Reported$621.3M$571.6M$584.9M$560.8M$585.0M$548.5M$536.3MPending
Estimate$621.8M$604.9M$577.3M$591.4M$584.8M$551.0M$546.7M$528.4M
Surprise−0.1%−5.5%+1.3%−5.2%0.0%−0.5%−1.9%
Estimate−$0.06
ReportedDue Nov 5, 2026
Estimate$528.4M
ReportedDue Nov 5, 2026
View details

Debt to equity723.30%
Current ratio81.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$612.4M$621.3M$571.6M$584.9M$560.8M$585.0M$548.5M$536.3M
Net income−$19.7M$64.3M−$7.3M$78.4M−$39.2M−$30.1M$19.9M$9.1M
Net margin0.0%10.4%0.0%13.4%0.0%0.0%3.6%1.7%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$6.0M$6.1M$490.0K$18.5M$11.5M$50.9M$39.2M$14.5M
YoY growthTurned loss−65.8%Turned profit+165.9%Turned profit+734.1%+7,892.7%−21.9%

Balance sheet, Jun 30, 2026Cash & short-term investments $86.7M · Total debt $1.11B · Total assets $1.79B · Shareholders' equity $153.7M

Revenue
$536.3M
Operating income
$14.5M
Net income
$9.1M
View details

No dividends on record.

Insiders4.53%6.67M shares
11 holders · as of Aug 7, 2026
Strategic holders8.24%12.13M shares
1 holder · as of May 14, 2026
Other87.23%128.31M shares
remainder

147.11M company shares as of Sep 20, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Two Seas Capital LPInstitution
9.64%14.18Mfiled Nov 14, 2025
Apollo Management Holdings GP, LLCStrategic
8.24%12.13Mfiled May 14, 2026
Alta Fundamental Advisers LLCInstitution
7.59%11.17Mfiled May 15, 2025
Michael ReedInsiderdirector, officer: Chief Executive Officer
2.16%3.17Mfiled Aug 7, 2026
Laurence TaricaInsiderdirector
0.77%1.13Mfiled Jun 4, 2025

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Feb 6, 2026John Jeffry Louisdirector−13,471$5.85
View details

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Compare

CompanyPriceChange
USA TODAY$6.44+0.78%$940.0M31.80.4−8.3%
New York Times$63.72−9.66%$11.45B29.421.23.8+11.2%
News Corp Class A$29.12−1.94%$16.67B28.821.61.8+10.8%
Lee Enterprises$7.08−1.67%$160.1M0.3−10.9%
Alphabet Class A$350.70−1.20%$4.30T17.826.19.6+24.2%
Nexstar Media Group$164.97−0.71%$5.07B31.65.60.7+62.3%
Meta$744.13+0.39%$1.89T27.924.48.3+28.0%
HubSpot$211.46−1.12%$10.95B75.614.03.2+19.8%
Median29.121.43.2+19.8%