USA TODAY Co., Inc. (TDAY) Form 10-Q — Aug 6, 2026
USA TODAY Co. (TDAY) reported Q2 2026 revenue of $536.3 million, down 8% year over year, with net income attributable of $9.1 million and diluted EPS of $0.06 versus $0.42 a year ago. The steep earnings decline is largely optical: the prior-year quarter included an $87.5 million tax benefit and $22.3 million of asset-sale gains, and pre-tax income actually swung to a $14.5 million profit from a $9.1 million loss. The top-line mix continues to erode — print and commercial fell 12% and digital advertising fell 11% in Q2, with LocaliQ digital marketing services down 15% on lower customer count.
Key figures
- Eps
- 0.06
- Revenue
- 536337000
- Net Income
- 9125000
- Total Debt
- $950.2 million (incl. $639.4M long-term debt, $240.0M convertible debt, $70.7M current portion)
- Revenue Yoy
- -8% (Q2 2026 vs Q2 2025); -6% (H1 2026 vs H1 2025)
- Total Assets
- 1790811000
- Cash Position
- 86657000
- Shares Outstanding
- 146817941
- Buyback Remaining
- $96.9 million of $100 million authorization; no repurchases in H1 2026
- Digital Revenue q2
- $254.3 million (-4% YoY)
- Net Income h1 2026
- $29.0 million (vs $71.1 million prior year)
- Accumulated Deficit
- $1.02 billion
- Diluted EPS h1 2026
- $0.18 (vs $0.40 prior year)
- Interest Expense q2
- $20.9 million (down 14% YoY)
- Term Loan Share Of Debt
- 74%
- Operating Cash Flow h1
- $54.6 million
- Convertible2027 Shares
- 4.8 million shares at $5.00 conversion price
- Convertible2031 Shares
- 44.7 million shares at $5.00 conversion price (143.9 million with make-whole)
- If Converted Excess2031
- $158.8 million above principal value
- Term Loan Effective Rate
- 8.9%
- Adjusted EBITDA h1 2026
- $130.0 million (vs $114.7 million prior year, +13%)
- Adjusted EBITDA q2 2026
- $56.9 million (vs $64.2 million prior year)
- Digital Only ARPUgrowth q2
- 39%
- Digital Other Revenue H1 Growth
- 94%, driven by AI partnerships
- Print And Commercial Revenue q2
- $282.0 million (-12% YoY)
- Term Loan Quarterly Amortization
- $17.7 million
Price after filing
Close on the filing date to close N calendar days later (from $9.03). Historical, not a forecast.
AI analysis
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