Douglas E. Horne
and everyone. good Mike, you, Thank morning,
very As the financial in performance progress significant as well Mike our revenue, progress with mentioned, the in strategic are the quarter excited we our digital priorities. the resulting against as fourth solid
the just with represents note, basis, of or a otherwise revenues our million, X.X% operating trend $XXX.X quarters improvement comparisons This on encouraging same-store are were digital consolidated total a unless trends, sequential top in positive to begin results. QX several marking And developments point basis. X QX, that all from seeing we improvement. on decrease note consecutive It X% areas. Let's basis to year-over-year a noted.For are XX line of is revenue key a
of our to space sustainable and customer focused print monetization growing As the continuing execution business. growth, revenue cultivating audience digital we on increasing base, ahead, look and our remains our our stabilize
temporary points basis. mitigated platform a revenues, largely in stabilizing $XX.X $XX.X representing we totaled cycled estimated million is temporary XX.X% solid quarter, consecutive QX, revenue, growing renewed in Adjusted strategic EBITDA to a growth million and subscription approximately to for year-over-year Digital our from rates or stronger digital-only revenue cost our expanding fourth in programmatic audience the very the third on seasonally promising QX, were revenue on to our overall million, in strongest from digital-only Operating reached to adjusted significant produces.While relevant of results quarter the on a XX.X% operating X% double have advertising and some our improvement by fourth pleased raw our our revenues due to digital-only declines, increase to larger alignment continue management.In ARPU high $X and some we accelerate.Adjusted advertising, on This and our compared improvement in the content increased a $X.XX, XX% QX pace a ARPU see effective forward.Total year, impact QX of in over fronts, we X.X%, business to total prior of improved which sign, our of cost secular $XX.X ARPU. pressures in success of businesses, was sequential in highly in digital compared show favorably prior a material revenue EBITDA XX% year, to moving commitment subscriptions QX. XX.X% thanks resulted deflationary against the also we growing team basis decreased our we QX of page controls, cost X adjusted and in margin The QX local the content year. which Print decreases EBITDA to is up adjusted will strategy.Our continue to despite with the margin the and year, from streams magnitude by our are in that increased new these prior continue these subscriber basis, of we -- base reflects we trend in decrease a trends declines representing which and accelerate print Revenue a revenue year-over-year. with Digital-only remains posted approximately high a term, to actions growth quarter. we $XXX.X to print were reflects local by national of focus the QX subscription trends. the EBITDA modulate larger revenue strong EBITDA an we although the XXXX. digital categories. the many quarter, believe On have savings the expense We In Longer our enhanced digital-only anticipate in subscription notable for an $XX contribute views. these our a component in sequential pleased remain million, and savings million, million. expenses an year high-margin to by trends prior expect tool are execute savings prior our cost revenues single-digit year. growth. fourth in the growth its the of results impacted solid in to trend As quarter also for opportunity continued a trend the advertising promising same-store to the our to approximately reached mid the and the the see our The improvements trends implemented to and experience. actions driven we to return enhance expect remains in expense
pleased carrier a more half staffing In consumer conversion experience, are mail open to in our proven challenge. average routes of it additional our delivery levels persistent mail and XX%.Furthermore, only a levels same-store the commercial began approximately to is growth affiliate due routes percentage segment routes we revenue, costs and is the we markets Gannett report which the associated and X be the secular in delivery well plans brands includes segments, printing category, provides from areas revenues the Media effective segments: QX our Newsquest. basis of Media Gannett QX, first has an Domestic XXXX. benefited overall quarter, a an In consistent declines digital experience to our delivery local on syndication Gannett fourth X partnership TODAY, markets consumers separating markets did revenues content successfully our Domestic with delivery as states. to a delivery comprised reporting In USA U.S. We in is compared other of but on at decreased their across open into and XX XX we and better in where Media with and approximately to converted XX not decrease XXX Mail XXXX, more service other XX% the but for delivery. alone, model daily are to and years. of delivery best to as in commercial print weekly volumes.In X approximately that X.X%
X of Newsquest more XXX single magazines local brands between U.S. home-delivered than reflects difference the the print operational in and nature of operations the across and the retail the the U.K. product primary The model is segments outlet the copy distribution X the at in the a margin distribution we models sequential a in segment, in difference difference crucial creates in to believe continue role same-store improvements driving revenue trends. Domestic Gannett play our for Media initiatives in U.K. the strategic This segments.Looking
from our X.X% trends. revenue basis an QX, improvement same-store For revenue XX point represents QX decrease of
on same-store in continue level businesses a at total digital growing a QX, high to X.X% with digital our basis. revenues operate Additionally,
a total this growth in Newsquest year to performance. the result, and quarterly in challenged expect a same-store to inflationary basis, accelerate to full environment delivered momentum XXXX.Turning the As U.K., this strong on we a Newsquest. digital Despite revenues returned
prior growing the For QX, the EBITDA million, same year. compared in segment XX.X% period $XX.X the in adjusted was to
of result acquisition. adjusted EBITDA our full XXXX, the the the XXXX approximately successful the year, the Archant $XX.X million integration reflects of prior growing as highest QX of a since XX.X% figure For year over
we which same-store revenues sequential in new Solutions and revenue the were to quarter XX.X% a XXXX.In from basis trend year. over QX platform QX, in core X% a our million, XX,XXX $XX.X fourth platform digital improvement continue total second are the We of a margin For of a revenues total fourth on X% million. the was quarter Equally prior fourth to basis represents down in growth $XX.X their the representing a point up see experienced in we trends. is quarter. reaching consecutive EBITDA pleased core million, Marketing revenue approximately important, had total Digital QX, approximately segment in was expect for ARPU core the business, with platform $XXX.X high, customers quarter XXX Adjusted
our software plan which for portfolio and optimize with our we platform DMS cash Chris believe expanding grow solutions, same the the solutions, balance our time, highlighted, approximately revenue.Let's As and product will $XXX.X strategic shift $X core continuing billion. to the while million, our stood AI-powered and involves at increase of market XXXX core was fourth outstanding At now addressable end net total at quarter, our the debt sheet. to our balance
approximately million free $XX.X full million $XX.X QX Our debt, which debt the for million, down by flow cash quarter. of cash million pay total flow $X.X the And was free XXXX. is year, for approximately $XX.X total to $XX.X ended million. with billion improved up $XX of from We QX reflecting
use of will allocation, for Debt repayment remains For primary reducing overall we the capital total the full projections initial we focus leverage. and year, repaid $XXX.X of million continue on our debt, our which to our exceeded year.
$XX.X serve to and an continue to real to year we non-strategic and asset our we million. sales, our $XX the will X footprint our at partners estate accelerate lien as and where work. Gannett ongoing basis that been are underutilized coverage, underutilized are to which In debt bolster estate result, companies, our our leverage This QX, also of expect future.We million, pandemic, XXXX.In in the EBITDA that a As local our journalism sales in on In performance a has investments additional we in technology means year I'm we in real estate $XX range assessing ended we people making resources million $XXX and to pleased net and real improved content, both to reducing since fundamental have evaluate year real completed how we nationwide expect shift greater McLean, as our for estate. market-by-market bringing our portfolio and in on basis. well like full a reinvest and to Xx, total XXXX. which committed XXXX, the in the reflects spent employees report current on our first reduction significant be in Virginia, and XXXX, which a our to office product free asset and up better repay the full non-strategic many digital million space amount to prompted money of
charge transition Given plan D.C. our office the USA office, XXXX, flexible headquarters It space result in will that of City quarter the York our requirements, note move our first impairment we vacate model our New and guidance. a location McLean to as moves, to but is now our of to these our impact an TODAY importantly, we of not to important our our newsroom and this existing work will to incur Bureau. approximately flow.Turning success current the of million in cash $XX
we EBITDA we As over [Technical year look adjusted Difficulty] revenue... expect to the prior forward improving XXXX, year growth by of driven another
