GCI - Gannett slips 6% as revenue declines and misses in Q3

Gannett (NYSE:GCI) has tumbled 5.9% following a miss on top and bottom lines in its third-quarter earnings, though the company showed optimism over trends on the digital front. Revenues dipped 2% to $800.2 million. But same-store revenues rose 0.9% year-over-year, the company notes. And of the total, digital revenues rose nearly 18% to $265 million, just about a third of the total. The company hit record digital-only subscriber growth, with the total rising 46% to surpass 1.5 million paid subs. Digital-only circulation revenues were up 26.6% to $25.7 million. "Nine months ago we outlined a long-term vision for growth at Gannett. While we are still in early stages, the strong growth in digital-only circulation and digital marketing solutions confirms we are on the right path as evidenced by Adjusted EBITDA and same store revenue growth in the third quarter of 2021," says Chairman/CEO Michael Reed. Revenue breakout: Advertising and marketing

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Gannett slips 6% as revenue declines and misses in Q3