甘尼特 2024年度报告

AnnualReport2024 About Gannett Gannett Co., Inc. (“Gannett”, “we”, “us”, “our”, or the “Company”) is a diversified media company withexpansive reach at the national and local level dedicated to empowering and enriching communities.We seek to inspire, inform, and connect audiences as a sustainable, growth focused media and digitalmarketing solutions company. We prioritize a digital-first strategy, focusing on audience growth andengagement while diversifying revenue streams. Through our trusted brands, includingthe USA TODAY NETWORK, comprisedof the national publication, USA TODAY,and local media organizations, includingour network of local properties, inthe United States, and Newsquest, awholly-owned subsidiary operatingin the United Kingdom, we provideessential journalism, local content, anddigital experiences to audiences andbusinesses. We deliver high-quality,trusted content with a commitment tobalanced, unbiased journalism, whereand when consumers want to engage.Our digital marketing solutions brand,LocaliQ, supports small and medium-sized businesses with innovative digitalmarketing products and solutions. Ourmission remains to inspire, inform, andconnect communities while drivingsustainable growth for our customers,advertisers, partners, and shareholders. A reach of1 in 2 adultsin the U.S.through ourUSA TODAYNETWORK(2) ~85% of our daily media brandsdomestically have been publishedfor more than100 years digital-only paidsubscriptionsmillion billion$1.1or 44% of total revenuesTotal Digital Revenues of Letter to Stockholders Dear Stockholders, As a diversified media enterprise with expansive reach at the national and local level, our mission isto empower and enrich communities. Gannett achieves this by inspiring, informing and connectingaudiences as a sustainable, growth-focused media and digital marketing solutions company. Weendeavor to deliver high-quality, trusted and relevant content with a deep commitment to factual,unbiased journalism. We seek to drive audience growth and loyalty, where and when consumers want toengage, while diversifying revenue streams. We have created a powerful network of news organizationsthat positions us well to ensure and preserve the future of local journalism. We will continue to connectpeople to content that matters and connect business to the customers they want to reach. 2024 represented an important year of progress for Gannett. We executed against our strategy toadvance our digital transformation, resulting in total digital revenues of $1.1 billion and accountingfor 44% of total revenues. We also expanded our digital audience, improved engagement, grew themonetization of our audience, and significantly improved many of our financial results over the prioryear. Importantly, we believe our highly engaged audience is a powerful leading indicator of thepotential revenue opportunities we are poised to unlock. The Company has prioritized growing total digital revenues through a diverse portfolio of meaningfuldigital revenue streams and employing a holistic monetization strategy that maximizes revenueopportunities across the spectrum and tailors such opportunities based on individual consumer habits.Likewise, our digital marketing solutions (“DMS”) business is focused on optimizing and expanding ourcore digital marketing services products and solutions while enhancing our portfolio with an ArtificialIntelligence (“AI”) powered software solution. We intend to create stockholder value through a variety of methods, including organic growth drivenby our consumer and business-to-business strategies, as well as paying down debt to strengthen ourcapital structure. The three key operating pillars of our strategy include: 1. Expand reach and engagement with our customer segments2. Diversify digital revenues3. Strengthen our capital structure Operational Highlights: Our commitment to a diversified digital strategy is expected to provide a foundation for sustainablegrowth. In 2024, we successfully built one of the largest digital audiences in the U.S. media sector, bothlocally and nationally, with 193 million(1)average monthly unique visitors coming to our platform. We alsoimproved our engagement with that audience evidenced by 12 consecutive months of at least 1 billionpageviews across the USA TODAY Network of more than 200 publications across the nation. We believeour heightened focus on monetizing the full spectrum of our audience through personalized experiencesand multiple revenue streams has driven significant wins across our digital business. Letter to Stockholders In 2024, our digital-only subscription business continued to perform well with growth observed acrossour key metrics. We achieved double-digit growth in digital-only subscription revenue and digital-onlyaverage revenue per user compared to the prior year, while also driving growth in digital-only paidsubscriptions both sequentially and year-over-year. We believe there is significant upside in this