v3.26.1
Revenues
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenues
NOTE 2 — Revenues

Revenues are recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.

The Company's condensed consolidated statements of operations and comprehensive income (loss) present revenues disaggregated by revenue type. Sales taxes and other usage-based taxes are excluded from revenues.
The following tables present our revenues disaggregated by segment and revenue type:

Three months ended June 30, 2026
In thousandsUSA TODAY MediaNewsquestLocaliQCorporateIntersegment eliminationsConsolidated
Digital advertising$66,863 $12,901 $— $— $— $79,764 
Digital marketing services28,278 2,028 106,631 — (28,407)108,530 
Digital-only subscription42,987 2,603 — — — 45,590 
Digital other
15,611 3,685 — 1,140 — 20,436 
Digital153,739 21,217 106,631 1,140 (28,407)254,320 
Print advertising93,577 17,735 — — — 111,312 
Print circulation109,270 15,887 — — — 125,157 
Commercial and other(a)
41,138 4,410 — — — 45,548 
Print and commercial243,985 38,032 — — — 282,017 
Total revenues(b)
$397,724 $59,249 $106,631 $1,140 $(28,407)$536,337 
(a)    For the three months ended June 30, 2026, included Commercial printing and delivery revenues of $26.9 million and $2.4 million at the USA TODAY Media and Newsquest segments, respectively.
(b)    Revenues generated from international operations comprised 13.1% of total revenues for the three months ended June 30, 2026.

Three months ended June 30, 2025
In thousandsUSA TODAY MediaNewsquestLocaliQCorporateIntersegment eliminationsConsolidated
Digital advertising$75,151 $12,730 $— $— $— $87,881 
Digital marketing services33,139 2,068 117,478 — (34,812)117,873 
Digital-only subscription40,451 2,222 — — — 42,673 
Digital other
12,285 3,145 — 1,578 — 17,008 
Digital161,026 20,165 117,478 1,578 (34,812)265,435 
Print advertising105,533 19,307 — — — 124,840 
Print circulation127,678 16,461 — — — 144,139 
Commercial and other(a)
45,062 5,385 — — — 50,447 
Print and commercial278,273 41,153 — — — 319,426 
Total revenues(b)
$439,299 $61,318 $117,478 $1,578 $(34,812)$584,861 
(a)    For the three months ended June 30, 2025, included Commercial printing and delivery revenues of $28.7 million and $2.6 million at the USA TODAY Media and Newsquest segments, respectively.
(b)    Revenues generated from international operations comprised 12.3% of total revenues for the three months ended June 30, 2025.
Six months ended June 30, 2026
In thousandsUSA TODAY MediaNewsquestLocaliQCorporateIntersegment eliminationsConsolidated
Digital advertising$134,808 $25,837 $— $— $— $160,645 
Digital marketing services56,251 4,141 206,315 — (56,837)209,870 
Digital-only subscription86,369 5,160 — — — 91,529 
Digital other
44,369 7,340 — 2,484 — 54,193 
Digital321,797 42,478 206,315 2,484 (56,837)516,237 
Print advertising183,841 35,858 — — — 219,699 
Print circulation224,319 32,086 — — — 256,405 
Commercial and other(a)
83,878 8,603 — — — 92,481 
Print and commercial492,038 76,547 — — — 568,585 
Total revenues(b)
$813,835 $119,025 $206,315 $2,484 $(56,837)$1,084,822 
(a)     For the six months ended June 30, 2026, included Commercial printing and delivery revenues of $53.2 million and $4.9 million at the USA TODAY Media and Newsquest segments, respectively.
(b)     Revenues generated from international operations comprised 12.9% of total revenues for the six months ended June 30, 2026.

Six months ended June 30, 2025
In thousandsUSA TODAY MediaNewsquestLocaliQCorporateIntersegment eliminationsConsolidated
Digital advertising$146,605 $24,647 $— $— $— $171,252 
Digital marketing services65,897 3,938 226,187 — (69,345)226,677 
Digital-only subscription81,717 4,215 — — — 85,932 
Digital other
22,858 6,053 — 3,057 — 31,968 
Digital317,077 38,853 226,187 3,057 (69,345)515,829 
Print advertising210,708 36,760 — — — 247,468 
Print circulation260,882 32,307 — — — 293,189 
Commercial and other(a)
90,702 9,246 — — — 99,948 
Print and commercial562,292 78,313 — — — 640,605 
Total revenues(b)
$879,369 $117,166 $226,187 $3,057 $(69,345)$1,156,434 
(a)     For the six months ended June 30, 2025, included Commercial printing and delivery revenues of $58.6 million and $5.0 million at the USA TODAY Media and Newsquest segments, respectively.
(b)     Revenues generated from international operations comprised 11.9% of total revenues for the six months ended June 30, 2025.
Deferred revenues

The Company records deferred revenues when cash payments are received in advance of the Company's performance obligation. The Company's primary source of deferred revenues is from circulation subscriptions paid in advance of the service provided, which represents future delivery of publications (the performance obligation) to subscription customers. The Company expects to recognize the revenue related to unsatisfied performance obligations over the next one to twelve months in accordance with the terms of the subscriptions.

The Company's payment terms vary by the type and location of the customer and the products or services offered. The period between invoicing and when payment is due is not significant. For certain products or services and customer types, the Company requires payment before the products or services are delivered to the customer. The majority of our subscription customers are billed and pay on monthly terms.
The following table presents the change in the deferred revenues balance:

Six months ended June 30,
In thousands20262025
Beginning balance$105,398 $108,000 
Receipts, net of refunds463,919 470,417 
Revenue recognized(464,798)(471,471)
Ending balance$104,519 $106,946