Market2026-11-05

USA Today Co. reported a $4.6 million net loss in Q3 2026. Revenue fell 7.4% year-over-year to $519.2 million. CEO Mike Reed blamed AI-driven changes in search behavior for the decline. The company revised its outlook, delaying its 50% digital revenue target to 2027. It is using AI to grow video advertising and branded content. USA Today Co. also cut $100 million in costs, including layoffs. It plans more cuts and new AI content licensing deals by year-end. A partnership with Palantir is now live and scaling. The figures come from a Poynter report.

What changed

USA Today Co. had two consecutive profitable quarters before Q3 2026.

What it unlocks

Using AI to expand video offerings and create AI-discoverable branded content.

  • $4.6M net loss
  • $39.2M net loss in Q3 2025
  • 7.4% revenue decline YoY
  • $519.2M revenue

Send this to someone who needs it

Shares the story and its sources. Nothing about you.

What does this mean for your job?

This is the story as everyone gets it. Once a week we send you the version written for your role — what changed, why it matters for the work you actually do, and one thing to try. Free while we tune it.