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USA Today Co says its sales dropped 7.4% last quarter and plans to cut costs by $100 million.

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USA Today Co's total sales fell 7.4% in Q3, and its forecast calls for further declines this year. Digital sales and subscriptions grew, and $100 million in cost cuts may help, but they have not stopped the wider decline.

TDAY · USA Today Co

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The AI's read

Changing search habits hurt advertising. Direct digital ads grew, and digital-only subscriptions rose for a third straight quarter, with average revenue per subscriber reaching a new high. Those gains have not reversed the broader sales drop. The company says its cost cuts should help protect results, with benefits expected into 2027. Its planned $97 million share repurchase is supported by $50 million in new debt, adding borrowing. The Google case could bring a recovery later, but its trial is set for April 2027.

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