Douglas E. Horne
you, Thank everyone. Mike, and good morning,
quarter results. Mike of financial we mentioned, solid produced As another
just to otherwise note, comparisons a our unless And year-over-year on begin basis, noted. results. Let's are with all consolidated
initiatives said, million, $XXX.X more from partially challenging point environment. basis improvement XX was X.X% a the same-store marking represents For than third improvement growth of a on X.X% of operating quarter QX, or basis. the consecutive as This Total our smaller a benefit the QX revenue decrease we were revenues that offset by operating a improvement.
With anticipated was trends, from sequential
we initiatives am are many I to However, have the and report results. that of pleased actions yielding place in strategic positive
successful cost cost in or side, management a million our approximately well we the operating as EBITDA our increase trends. the to recent On prudent expense prior In align optimization continue approximately as preserving the the compared also XX% structure of for to operational integration the operating areas cost during QX, expenses The transformation. markets an strategic revenue future million. our costs remain in investing to in resources reflected our expenses X.X% XX%, reorganization X.X% commitment with decline efforts. reflecting in these also of growth. and in in $X significant we serve totaled by key and Adjusted third in efforts quarter.
Adjusted reduction upcoming the $XX.X We margin continued adjusted The year our anticipate to execution and growth EBITDA was while the additional from benefits driven committed quarters quarter. EBITDA controls was in cost the decreased quarter,
digital forward. year. contribute temporary cost moving XXXX.
Total favorably in larger ongoing than digital up deflationary in In this basis in surpassed pressures advertising fourth a EBITDA certain our growth for raw X.X% result pleased improvement sign, increased adjusted some views, still we our revenues.
Digital In revenue a us quarter, advertising more a of digital of growing a time growth. positions The efforts total the revenues XX% these $XXX.X total first was our of materials, to as year, were expense the cost are year. primarily will expect savings a which our growth will same-store we cost the which operating prior revenue anticipate inventory of strategy. well QX, million, we X.X% also for and to and we But in by for up on digital total September This driven are returned trends savings is meaningful QX believe digital tied promising content within result from cycle to the sequentially. We page see also revenues to in
Media the segment. to Turning
surpassed revenues on $XX grew same-store basis. subscription a digital-only and Our XX% million
believe in acquisition the we actions optimize subscriptions, by slight reflect are the $X.XX after Our the volumes.
Despite encouraged digital-only XX% are the X We declines. in to compared paying these third digital-only to achieving paid quarter digital-only deliberate high by record prior ARPU shorter-term subscriptions a intentional long-term decrease a versus small subscription of by and year. to continue quarters prioritizing of off growing evidenced our costs actions monetization growth sequential paid
attracting advertising We and secular basis decreased focus due XX.X% upcoming retaining to the in expect on ARPU as quarters more profitable our subscribers.
Print same-store ongoing increase declines. we maintain revenue on a to
points print However, in compared advertising revenue the same trends XXX to the prior period basis our improved year.
saw remained in as the to Our expect the do QX. efforts continued results investments the of yielding improvement print in quarters trend circulation result open year. consistent our with distribution the open end over upcoming evidenced subscriber routes further are we the addressing delivery the challenges in our improve of at percentage period trends We of results a versus experience.
We believe XX% and routes by same the decreasing in prior
the with impacted approximately affiliate plans our XXXX.
In XX consumers trends and staffing the delivery in of Additionally, At other commercial digital is for to our well revenues other end our our successfully delivery more revenue. mail QX, quarter, printing markets of challenge. consistent of year before and category, which mail markets XX experienced overall and more deliver third converted areas to negatively to those delivery more syndication routes additional as is level to end service as that includes persistent expected a revenues, markets conversion the the a in we delivery where
lower monetization The secular by in as revenues, partner volumes digital driven trends revenue same-store revenue decline on content. a commercial this and lower result was experienced of X.X% stream we a our of While syndication by the saw our growth overall caused a decline affiliate basis. print
Solutions Digital consumer digital revenue that segment marketing business third million of basis. quarter. an the were trends Moving the XX.X% our now Adjusted business. same-store of quarter was advertiser to solutions a earlier. on $XXX.X Total mentioned million, the the our in in Marketing results was increase a third margin representing reflect X.X% $XX.X in The and for EBITDA
increase our market to versus additional to lower forward.
Average prior compared addressable focus and portfolio, remained stable help However, optimization features grew headwinds prior of count on products mitigate these our which us due year record will monthly with and QX execution, along period continued and year period customer development offerings. but we moving ARPU improved believe of decreased the margin the the the product remain near Core platform to eliminated X% our previous navigate X% and highs.
XX representing increase customer points. XX.X%, QX was of our Additionally, an budget retention basis
Let's shift period. quarter, flow that least generated cash X growth from to our of quarter the third in at stood below performance. $X free debt which of million, $XXX.X third improved We approximately our in to figure in anticipate of highest flow rate quarter, $XX.X EBITDA as QX $X.X down debt QX of is million reflects Notably, free now balance balance the additional million year total with quarterly our million, the This the translating of flow the Xx. is lien now years. our the $XX.X the year-to-date billion. up cash net We is at sheet.
At $XX.X an well estimated leverage first of paydown prior pay net XX%.
I'm end to cash reduction million cash to free bringing conversion million pleased debt $XX.X as adjusted in report third
proceeds we real full which million a us. on will assets, million, asset October, continually We asset in of additional and business Xx non-core $XX.X estate allow well continue repaid totaling first to review sales During sell sales.
Year-to-date, other QX, leverage to will below at our remain $XXX for loan debt priority Debt net bringing lien as flexibility X have product real our estate reinvestment a sales to asset top debt. using total expect our repayment ongoing we we the we remains other for we result, repayment. an term million. and and as $X.X for from repaid our completed and as million And the for estate $XX.X portfolio, real year-to-date year-end.
In
cash now million Chris, you the of to range expected representing in guidance. on increase million compared million to results. $XX as to million, the in trends $XX to and XXXX full adjusted of $XXX flow now a significant our XXXX.
Free million we expect Based range year in from $XXX Turning be the to be Mike XXXX heard to EBITDA to $XXX is our
half also and be X% trends that expecting annual reflects with are the to third X% in for we assumption believe but growth further year.
In demonstrates trends this have will on the beginning further the down those outlook quarter reduction same-store an the in of traction We the digital value continued the indicating a quarter, we between capture fourth time. third of revenue revenue first over gained the compared Our and expect line period, we validates of generally losses the quarter strategic to progress we just strategy. company's the made long-term our progress represents plan
shareholder the importantly, on after we closing for firmly transformation will successful back to goals some these the to unwavering. most delivering our keep And and readers significant questions, of path us then and customers execution will go priorities Our hand the questions. our for strategy and commitment is thoughts. will believe We achieving back now long-term to it our value.
I operator Mike to
