v3.26.3
Revenues
 9 Months Ended
Sep. 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 September 30, 2026
In thousandsUSA TODAY MediaNewsquestLocaliQCorporateIntersegment eliminationsConsolidated
Digital advertising$62,291 $12,727 $— $— $— $75,018 
Digital marketing services27,039 2,051 105,684 — (27,792)106,982 
Digital-only subscription43,323 2,716 — — — 46,039 
Digital other
16,138 3,864 — 1,286 — 21,288 
Digital148,791 21,358 105,684 1,286 (27,792)249,327 
Print advertising86,137 17,692 — — — 103,829 
Print circulation104,561 15,833 — — — 120,394 
Commercial and other(a)
41,112 4,581 — — — 45,693 
Print and commercial231,810 38,106 — — — 269,916 
Total revenues(b)
$380,601 $59,464 $105,684 $1,286 $(27,792)$519,243 
(a)    For the three months ended September 30, 2026, included Commercial printing and delivery revenues of $26.1 million and $2.5 million at the USA TODAY Media and Newsquest segments, respectively.
(b)    Revenues generated from international operations comprised 13.6% of total revenues for the three months ended September 30, 2026.

Three months ended September 30, 2025
In thousandsUSA TODAY MediaNewsquestLocaliQCorporateIntersegment eliminationsConsolidated
Digital advertising$73,014 $14,162 $— $— $— $87,176 
Digital marketing services31,273 2,326 114,418 — (33,224)114,793 
Digital-only subscription41,303 2,410 — — — 43,713 
Digital other
12,515 3,023 — 1,524 — 17,062 
Digital158,105 21,921 114,418 1,524 (33,224)262,744 
Print advertising94,691 17,830 — — — 112,521 
Print circulation121,896 16,577 — — — 138,473 
Commercial and other(a)
42,363 4,695 — — — 47,058 
Print and commercial258,950 39,102 — — — 298,052 
Total revenues(b)
$417,055 $61,023 $114,418 $1,524 $(33,224)$560,796 
(a)    For the three months ended September 30, 2025, included Commercial printing and delivery revenues of $26.5 million and $2.7 million at the USA TODAY Media and Newsquest segments, respectively.
(b)    Revenues generated from international operations comprised 12.9% of total revenues for the three months ended September 30, 2025.
Nine months ended September 30, 2026
In thousandsUSA TODAY MediaNewsquestLocaliQCorporateIntersegment eliminationsConsolidated
Digital advertising$197,099 $38,564 $— $— $— $235,663 
Digital marketing services83,290 6,192 311,999 — (84,629)316,852 
Digital-only subscription129,692 7,876 — — — 137,568 
Digital other
60,507 11,204 — 3,770 — 75,481 
Digital470,588 63,836 311,999 3,770 (84,629)765,564 
Print advertising269,978 53,550 — — — 323,528 
Print circulation328,880 47,919 — — — 376,799 
Commercial and other(a)
124,990 13,184 — — — 138,174 
Print and commercial723,848 114,653 — — — 838,501 
Total revenues(b)
$1,194,436 $178,489 $311,999 $3,770 $(84,629)$1,604,065 
(a)     For the nine months ended September 30, 2026, included Commercial printing and delivery revenues of $79.3 million and $7.4 million at the USA TODAY Media and Newsquest segments, respectively.
(b)     Revenues generated from international operations comprised 13.1% of total revenues for the nine months ended September 30, 2026.

Nine months ended September 30, 2025
In thousandsUSA TODAY MediaNewsquestLocaliQCorporateIntersegment eliminationsConsolidated
Digital advertising$219,619 $38,809 $— $— $— $258,428 
Digital marketing services97,170 6,264 340,605 — (102,569)341,470 
Digital-only subscription123,020 6,625 — — — 129,645 
Digital other
35,373 9,076 — 4,581 — 49,030 
Digital475,182 60,774 340,605 4,581 (102,569)778,573 
Print advertising305,399 54,590 — — — 359,989 
Print circulation382,778 48,884 — — — 431,662 
Commercial and other(a)
133,065 13,941 — — — 147,006 
Print and commercial821,242 117,415 — — — 938,657 
Total revenues(b)
$1,296,424 $178,189 $340,605 $4,581 $(102,569)$1,717,230 
(a)     For the nine months ended September 30, 2025, included Commercial printing and delivery revenues of $85.1 million and $7.7 million at the USA TODAY Media and Newsquest segments, respectively.
(b)     Revenues generated from international operations comprised 12.2% of total revenues for the nine months ended September 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:

Nine months ended September 30,
In thousands20262025
Beginning balance$105,398 $108,000 
Acquisition1,503 — 
Disposition (377)— 
Receipts, net of refunds683,056 709,041 
Revenue recognized(686,703)(709,291)
Ending balance$102,877 $107,750