Gannett Sees FY24 Total Digital Revenues Growing 6-7% On A Same-Store Bases, Total Revenues Expected Down Low To Mid-Single Digits On Reported And Same Store Basis
Portfolio Pulse from Benzinga Newsdesk
Gannett forecasts a 6-7% growth in FY24 total digital revenues on a same-store basis, while total revenues are expected to decline in the low to mid-single digits on both reported and same-store basis.
October 31, 2024 | 11:03 am
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Gannett anticipates a 6-7% increase in digital revenues for FY24, but overall revenues are expected to decline slightly. This indicates a shift towards digital growth, but challenges remain in total revenue performance.
The news highlights Gannett's focus on digital revenue growth, which is positive for the company's digital strategy. However, the expected decline in total revenues suggests challenges in other areas, balancing the overall impact.
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