India, May 1 -- Media company Gannett Co., Inc. (GCI), while reporting narrower net loss in its first quarter with weak revenues, on Thursday maintained fiscal 2025 outlook.
In pre-market activity on the NYSE, Gannett shares were losing around 2.5 percent to trade at $3.1200.
For fiscal 2025, the company continues to expect net income attributable and adjusted EBITDA to grow from the prior year.
Total revenues are expected to be down in the low single digits on a same store basis. Same store revenue trends are expected to grow on an overall basis during 2025.
Total digital revenues are expected to grow approximately 7 percent to 10 percent on a same store basis.
In the first quarter, net loss attributable to Gannett was $7.33 million o...