DallasNews Corporation Announces First Quarter 2025 Financial Results
DallasNews Corporation reported strong Q1 2025 financial results, posting a net income of $28.3 million ($5.28 per share) and operating income of $34.2 million. The company's performance was significantly boosted by a $36.2 million net gain from the sale of its Plano printing facility.
Key highlights include:
- Net cash position of $40.7 million
- Agency segment profit improved by $0.6 million year-over-year
- Total revenue was $29.1 million, down 6.4% from Q1 2024
- Fully funded pension plans through facility sale proceeds
- Headcount reduced by 13.2% to 461 employees
The company's advertising revenue decreased 7.2% to $10.8 million, while circulation revenue fell 5.2% to $15.4 million. Despite revenue challenges, DallasNews maintains a strong balance sheet with $44.2 million in cash and zero debt, positioning itself for digital growth investments and potential shareholder returns.
DallasNews Corporation ha annunciato solidi risultati finanziari per il primo trimestre del 2025, registrando un utile netto di 28,3 milioni di dollari (5,28 dollari per azione) e un utile operativo di 34,2 milioni di dollari. Le performance dell'azienda sono state significativamente sostenute da una plusvalenza netta di 36,2 milioni di dollari derivante dalla vendita dell'impianto di stampa di Plano.
I punti salienti includono:
- Posizione di cassa netta di 40,7 milioni di dollari
- Incremento di 0,6 milioni di dollari nell'utile del segmento agenzia rispetto all'anno precedente
- Ricavi totali pari a 29,1 milioni di dollari, in calo del 6,4% rispetto al primo trimestre 2024
- Piani pensionistici completamente finanziati grazie ai proventi della vendita dell'impianto
- Riduzione del personale del 13,2%, arrivando a 461 dipendenti
I ricavi pubblicitari sono diminuiti del 7,2%, attestandosi a 10,8 milioni di dollari, mentre i ricavi da circolazione sono scesi del 5,2% a 15,4 milioni di dollari. Nonostante le sfide sui ricavi, DallasNews mantiene un bilancio solido con 44,2 milioni di dollari in cassa e nessun debito, posizionandosi per investimenti nella crescita digitale e possibili ritorni per gli azionisti.
DallasNews Corporation report贸 s贸lidos resultados financieros en el primer trimestre de 2025, con un ingreso neto de 28.3 millones de d贸lares (5.28 d贸lares por acci贸n) y un ingreso operativo de 34.2 millones de d贸lares. El desempe帽o de la empresa se vio impulsado significativamente por una ganancia neta de 36.2 millones de d贸lares proveniente de la venta de su planta de impresi贸n en Plano.
Los aspectos clave incluyen:
- Posici贸n neta de efectivo de 40.7 millones de d贸lares
- Mejora en la ganancia del segmento de agencias en 0.6 millones de d贸lares interanual
- Ingresos totales de 29.1 millones de d贸lares, una disminuci贸n del 6.4% respecto al primer trimestre de 2024
- Planes de pensiones completamente financiados gracias a los ingresos por la venta de la planta
- Reducci贸n del personal en un 13.2%, quedando en 461 empleados
Los ingresos por publicidad disminuyeron un 7.2%, alcanzando 10.8 millones de d贸lares, mientras que los ingresos por circulaci贸n cayeron un 5.2% a 15.4 millones de d贸lares. A pesar de los retos en los ingresos, DallasNews mantiene un balance s贸lido con 44.2 millones de d贸lares en efectivo y sin deuda, posicion谩ndose para inversiones en crecimiento digital y posibles retornos a los accionistas.
DallasNews Corporation電� 2025雲� 1攵勱赴 臧曤牓頃� 鞛 鞁れ爜鞚� 氚滍憸頃橂┌ 靾滌澊鞚� 2,830毵� 雼煬(欤茧嫻 5.28雼煬)鞕� 鞓侅梾鞚挫澋 3,420毵� 雼煬毳� 旮半頄堨姷雼堧嫟. 須岇偓鞚� 鞁れ爜鞚� Plano 鞚胳噭 鞁滌劋 毵り皝鞙茧 鞚疙暅 3,620毵� 雼煬鞚� 靾滌澊鞚� 雿曤秳鞐� 韥矊 頄レ儊霅橃棃鞀惦媹雼�.
欤检殧 雮挫毄鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:
- 靾滍槃旮� 韽靺� 4,070毵� 雼煬
- 鞐愳澊鞝勳嫓 攵�氍� 鞚挫澋鞚� 鞝勲厔 雽�牍� 60毵� 雼煬 歃濌皜
- 齑濎垬鞚� 2,910毵� 雼煬搿� 2024雲� 1攵勱赴 雽�牍� 6.4% 臧愳唽
- 鞁滌劋 毵り皝 靾橃澋鞙茧 鞐瓣笀 瓿勴殟 鞕勳爠 鞛愱笀 臁半嫭
- 歆侅洂 靾� 13.2% 臧愳唽頃橃棳 461氇�
甏戧碃 靾橃澋鞚� 7.2% 臧愳唽頃� 1,080毵� 雼煬, 氚滍枆 靾橃澋鞚� 5.2% 臧愳唽頃� 1,540毵� 雼煬毳� 旮半頄堨姷雼堧嫟. 靾橃澋 臧愳唽鞐愲弰 攵堦惮頃橁碃 DallasNews電� 4,420毵� 雼煬 順勱笀瓿� 氍措秬毂� 靸來儨搿� 瓴碃頃� 鞛 靸來儨毳� 鞙犾頃橂┌ 霐旍韯� 靹膘灔 韴瀽 氚� 欤检＜ 頇橃洂鞚� 鞙勴暅 旮半皹鞚� 毵堧牗頃橁碃 鞛堨姷雼堧嫟.
DallasNews Corporation a annonc茅 de solides r茅sultats financiers pour le premier trimestre 2025, affichant un b茅n茅fice net de 28,3 millions de dollars (5,28 dollars par action) et un r茅sultat d'exploitation de 34,2 millions de dollars. La performance de l'entreprise a 茅t茅 significativement renforc茅e par un gain net de 36,2 millions de dollars provenant de la vente de son site d'impression de Plano.
Les points cl茅s comprennent :
- Position nette de tr茅sorerie de 40,7 millions de dollars
- Am茅lioration du b茅n茅fice du segment agence de 0,6 million de dollars en glissement annuel
- Revenu total de 29,1 millions de dollars, en baisse de 6,4 % par rapport au premier trimestre 2024
- Plans de retraite enti猫rement financ茅s gr芒ce aux produits de la vente du site
- Effectif r茅duit de 13,2 %, soit 461 employ茅s
Les revenus publicitaires ont diminu茅 de 7,2 % pour atteindre 10,8 millions de dollars, tandis que les revenus de diffusion ont chut茅 de 5,2 % 脿 15,4 millions de dollars. Malgr茅 ces d茅fis, DallasNews conserve un bilan solide avec 44,2 millions de dollars en liquidit茅s et aucune dette, se positionnant pour des investissements dans la croissance num茅rique et de potentiels retours aux actionnaires.
DallasNews Corporation meldete starke Finanzergebnisse f眉r das erste Quartal 2025 mit einem Nettogewinn von 28,3 Millionen US-Dollar (5,28 US-Dollar pro Aktie) und einem Betriebsergebnis von 34,2 Millionen US-Dollar. Die Unternehmensleistung wurde ma脽geblich durch einen Nettogewinn von 36,2 Millionen US-Dollar aus dem Verkauf der Druckerei in Plano gest盲rkt.
Wichtige Highlights sind:
- Netto-Cash-Position von 40,7 Millionen US-Dollar
- Verbesserung des Gewinns im Agentursegment um 0,6 Millionen US-Dollar im Jahresvergleich
- Gesamtumsatz von 29,1 Millionen US-Dollar, ein R眉ckgang von 6,4 % gegen眉ber dem ersten Quartal 2024
- Vollst盲ndig finanzierte Pensionspl盲ne durch Erl枚se aus dem Anlagenverkauf
- Personalabbau um 13,2 % auf 461 Mitarbeiter
Die Werbeeinnahmen sanken um 7,2 % auf 10,8 Millionen US-Dollar, w盲hrend die Vertriebserl枚se um 5,2 % auf 15,4 Millionen US-Dollar zur眉ckgingen. Trotz der Umsatzherausforderungen h盲lt DallasNews eine starke Bilanz mit 44,2 Millionen US-Dollar in bar und keiner Verschuldung und positioniert sich f眉r Investitionen in digitales Wachstum und m枚gliche Aussch眉ttungen an Aktion盲re.
- Net income of $28.3M ($5.28/share) in Q1 2025 vs loss in Q1 2024
- Operating income of $34.2M including $36.2M gain from Plano facility sale
- Agency segment profit improved by $0.6M year-over-year
- Strong balance sheet with $44.2M cash and zero debt
- Pension liabilities fully funded through annuity purchase agreement
- Employee compensation and benefits expense improved by $1.2M
- Total revenue decreased 6.4% to $29.1M in Q1 2025
- Advertising revenue dropped 7.2% to $10.8M
- Print advertising revenue declined 12.2%
- Circulation revenue fell 5.2% to $15.4M
- Printing and distribution revenue decreased 9.2%
- 13.2% reduction in workforce (70 employees)
Insights
Q1 profit driven by one-time facility sale; core operations still challenging with revenue declining across all segments.
DallasNews Corporation's Q1 2025 shows a dramatic swing to
Revenue continues declining across all segments, with total revenue down
The balance sheet has significantly strengthened, with
Cost-cutting continues, with headcount reduced by
Print revenue continues declining while agency business shows promising growth; strategic pivot focuses on digital transformation.
DallasNews Corporation's Q1 results reflect the continued structural transformation facing traditional newspaper publishers. The
The company's decision to sell its Plano printing facility and transition to smaller operations represents a pragmatic adaptation to declining print volumes. This strategic move has dual benefits: generating immediate capital and reducing ongoing operational costs. The company expects to realize its first full month of expense savings from this transition in May.
The bright spot comes from Medium Giant, the company's agency segment, which improved its operating margin by
With a strengthened balance sheet showing
The completion of the pension liability funding also removes a significant financial obligation, allowing management to focus resources on their strategic priorities of digital growth and potentially returning capital to shareholders.
- Recorded net cash of
$40.7听尘颈濒濒颈辞苍 and a net gain of$36.2听尘颈濒濒颈辞苍 from the Plano printing facility sale - Agency segment profit improved
$0.6听尘颈濒濒颈辞苍 on a year-over-year basis - Pension liabilities are fully funded and to be transitioned to an insurance carrier with an annuity purchase agreement
DALLAS, April 30, 2025 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) (the 鈥淐ompany鈥�), the Dallas-based holding company of 罢丑别听顿补濒濒补蝉听惭辞谤苍颈苍驳听狈别飞蝉 and Medium Giant, today reported financial results for the first quarter of 2025.
Grant Moise, Chief Executive Officer, said, 鈥淭he first four months of this year have been significant in terms of accomplishments made in alignment with our Return to Growth Plan. The sale of the Plano property provided us with the required capital to fully fund the Company鈥檚 pension plans. This is a notable event for our Company as it allows us to ensure that former and current employees will receive the retirement benefits they earned, while removing what we viewed as the sole long-term debt of the Company. Also, in connection with the sale of the Plano property, we have completed the transition of our printing operations, and in May, we will realize our first full month of expense savings from this transition. Finally, the Agency grew its operating margin by
For the first quarter of 2025, the Company reported net income of
For the first quarter of 2025, on a non-GAAP basis, DallasNews reported an operating loss adjusted for certain items (鈥渁djusted operating loss鈥�) of
First Quarter Results
Total revenue was
Revenue from advertising and marketing services, including print and digital revenues, was
Circulation revenue was
Printing, distribution and other revenue was
Total consolidated operating expense in the first quarter of 2025, on a GAAP basis, was
On a non-GAAP basis, adjusted operating expense was
In the first quarter of 2025, the Company recorded tax expense of
As of March听31, 2025, the Company had 461 employees, a headcount decrease of 70 or 13.2听percent when compared to the prior year period, primarily the result of transitioning to a smaller, more efficient printing facility. Cash and cash equivalents were
Pension Plans Annuitization
As previously announced, in April the Company used a portion of the proceeds from the Plano printing facility sale to make a voluntary cash contribution to fully fund the Company鈥檚 pension liabilities and purchased an irrevocable group annuity contract from an insurance company. The Company鈥檚 defined benefit obligations to participants in its pension plans will be covered under the annuity contract. As a result of this transaction, the Company will be relieved of all pension obligations and the insurance company will assume all future financial obligations for the administration and payment of benefits earned by the transferred participants, with no change to the amount, timing or form of monthly benefit payments for those currently receiving monthly benefit payments.
Segment Information
The Company determined it has the following two reportable segments:
- TDMN primarily generates revenue from subscriptions and retail sales of 罢丑别听顿补濒濒补蝉听惭辞谤苍颈苍驳听狈别飞蝉, and sales of advertising within its newspaper and on related digital platforms by Medium Giant鈥檚 cross-functional sales team.
- Agency generates revenue from the services offered by the Company鈥檚 full-service advertising agency, Medium听Giant.
The primary measure of segment profitability utilized by the Chief Operating Decision Maker (鈥淐ODM鈥�) is segment profit (loss), which excludes Corporate听and听Other costs that are not associated with the ongoing operations of the segments.听Reconciliation of segment profit (loss) to consolidated operating income (loss), and disaggregated revenue by reportable segment and revenue source are included in the exhibits to this release.
Non-GAAP Financial Measures
The CODM uses adjusted operating income (loss) for the purposes of evaluating consolidated performance and allocating resources.
Reconciliations of operating income (loss) to adjusted operating loss and total operating costs and expense to adjusted operating expense are included in the exhibits to this release.
The Company calculates adjusted operating income (loss) by adjusting operating income (loss) to exclude depreciation, severance expense, (gain) loss on sale/disposal of assets, and asset impairments (鈥渁djusted operating income (loss)鈥�). The Company believes that inclusion of certain noncash expenses and other items in the results makes for more difficult comparisons between years and with peer group companies.
Adjusted operating income (loss) is not a measure of financial performance under generally accepted accounting principles (鈥淕AAP鈥�). Management uses adjusted operating income (loss) and similar measures in internal analyses as supplemental measures of the Company鈥檚 financial performance, and for performance comparisons versus its peer group of companies. Management uses this non-GAAP financial measure for the purposes of evaluating consolidated Company performance. The Company therefore believes that the non-GAAP measure presented provides useful information to investors by allowing them to view the Company鈥檚 business through the eyes of management and the Board of Directors, facilitating comparison of results across historical periods and providing a focus on the underlying ongoing operating performance of its business. Adjusted operating income (loss) should not be considered in isolation or as a substitute for net income (loss), cash flows provided by (used for) operating activities or other comparable measures prepared in accordance with GAAP. Additionally, this non-GAAP measure may not be comparable to similarly-titled measures of other companies.
Financial Results Conference Call
DallasNews Corporation will conduct a conference call on Thursday, May听1, 2025, at 9:00听a.m. CDT to discuss financial results. The conference call will be available via webcast by accessing the Company鈥檚 website at . An archive of the webcast will be available at in the Investor Relations section.
To access the conference call, dial 1-800-715-9871 and provide the following access code when prompted: 9759080. A replay line will be available at 1-800-770-2030 until 11:59 p.m. CDT on May听15, 2025. The access code for the replay is 9759080#.
About DallasNews Corporation
DallasNews Corporation is the Dallas-based holding company of 罢丑别听顿补濒濒补蝉听惭辞谤苍颈苍驳听狈别飞蝉 and Medium Giant.
, Texas鈥� leading daily newspaper, is renowned for its excellent journalistic reputation, intense regional focus, and close community ties. As a testament to its commitment to quality journalism, the publication has been honored with nine Pulitzer Prizes.
, an integrated creative marketing agency with offices in Dallas and Tulsa, works with a roster of premium brands and companies. In 2024, the agency earned top industry recognition, winning an AAF Addy and the AMA DFW Annual Marketer of the Year Award for Campaign of the Year, along with six prestigious Davey Awards. Medium Giant is a wholly owned business of DallasNews Corporation. For additional information, visit .
Statements in this communication and in the Company鈥檚 conference call to discuss its financial results concerning the Company鈥檚 transition of print operations and associated expense savings, the Company鈥檚 business outlook or future economic performance, revenues, expenses, cash balance, investments, business initiatives, working capital, and other financial and听non-financial听items that are not historical facts are 鈥渇orward-looking statements鈥� as the term is defined under applicable federal securities laws. Words such as 鈥渁nticipate,鈥� 鈥渁ssume,鈥� 鈥渂elieve,鈥� 鈥渃an,鈥� 鈥渃ould,鈥� 鈥渆stimate,鈥� 鈥渇orecast,鈥� 鈥渋ntend,鈥� 鈥渆xpect,鈥� 鈥渕ay,鈥� 鈥減roject,鈥� 鈥減lan,鈥� 鈥渟eek,鈥� 鈥渟hould,鈥� 鈥渢arget,鈥� 鈥渨ill,鈥� 鈥渨ould鈥� and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements. Such risks, trends and uncertainties are, in most instances, beyond the Company鈥檚 control, and include changes in advertising demand and other economic conditions; consumers鈥� tastes; newsprint and distribution prices; program costs; the Company鈥檚 ability to successfully execute the Return to Growth Plan; the Company鈥檚 ability to maintain compliance with the continued listing requirements of The Nasdaq Capital Market; the success of the Company鈥檚 digital strategy; changes in economic policies and tariffs; labor relations; cybersecurity incidents; and technological obsolescence. Among other risks, there can be no guarantee that the Company鈥檚 board of directors will approve a quarterly dividend in the future or that the Company鈥檚 financial projections are accurate, as well as other risks described in the Company鈥檚 Annual Report on Form听10-K听and in the Company鈥檚 other public disclosures and filings with the听Securities and Exchange Commission. Forward-looking statements, which are as of the date of this communication, are not updated to reflect events or circumstances after the date of the statement.
Contact:
Katy Murray
214-977-8869
DallasNews Corporation and Subsidiaries
Consolidated Statements of Operations
| 听 | 听 | Three Months Ended March听31, | 听 | ||||||
| In thousands, except share and per share amounts (unaudited) | 2025 | 听 | 2024 | 听 | |||||
| Net Operating Revenue: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |
| Advertising and marketing services | $ | 10,813 | 听 | 听 | $ | 11,646 | 听 | 听 | |
| Circulation | 听 | 15,447 | 听 | 听 | 听 | 16,300 | 听 | 听 | |
| Printing, distribution and other | 听 | 2,865 | 听 | 听 | 听 | 3,156 | 听 | 听 | |
| 听 | Total net operating revenue | 听 | 29,125 | 听 | 听 | 听 | 31,102 | 听 | 听 |
| Operating Costs and Expense: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |
| Employee compensation and benefits | 听 | 14,847 | 听 | 听 | 听 | 16,117 | 听 | 听 | |
| Other production, distribution and operating costs | 听 | 14,671 | 听 | 听 | 听 | 15,059 | 听 | 听 | |
| Newsprint, ink and other supplies | 听 | 1,271 | 听 | 听 | 听 | 1,284 | 听 | 听 | |
| Depreciation | 听 | 334 | 听 | 听 | 听 | 398 | 听 | 听 | |
| Gain on sale/disposal of assets, net | 听 | (36,206 | ) | 听 | 听 | 鈥� | 听 | 听 | |
| 听 | Total operating costs and expense | 听 | (5,083 | ) | 听 | 听 | 32,858 | 听 | 听 |
| 听 | Operating income (loss) | 听 | 34,208 | 听 | 听 | 听 | (1,756 | ) | 听 |
| Other income, net | 听 | 65 | 听 | 听 | 听 | 611 | 听 | 听 | |
| Income (Loss) Before Income Taxes | 听 | 34,273 | 听 | 听 | 听 | (1,145 | ) | 听 | |
| Income tax provision | 听 | 5,988 | 听 | 听 | 听 | 218 | 听 | 听 | |
| Net Income (Loss) | $ | 28,285 | 听 | 听 | $ | (1,363 | ) | 听 | |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Per Share Basis (1) | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |
| Net income (loss) | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |
| 听 | Basic | $ | 5.28 | 听 | 听 | $ | (0.25 | ) | 听 |
| 听 | Diluted | $ | 5.28 | 听 | 听 | $ | (0.25 | ) | 听 |
| Number of common shares used in the per share calculation: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |
| 听 | Basic | 听 | 5,352,490 | 听 | 听 | 听 | 5,352,490 | 听 | 听 |
| 听 | Diluted | 听 | 5,352,490 | 听 | 听 | 听 | 5,352,490 | 听 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| (1) | The Company鈥檚 Series A and Series B common stock equally share in the distributed and undistributed earnings. There were no options or RSUs outstanding as of March听31, 2025 and 2024, that would result in dilution of shares or the calculation of EPS under the two-class method as prescribed under ASC听260 鈥� Earnings Per Share. | ||||||||
| 听 | 听 | ||||||||
DallasNews Corporation and Subsidiaries
Consolidated Balance Sheets
| In thousands (unaudited) | March听31, 2025 | 听 | December听31, 2024 | 听 | ||
| Assets | 听 | 听 | 听 | 听 | 听 | 听 |
| Current assets: | 听 | 听 | 听 | 听 | 听 | 听 |
| Cash and cash equivalents | $ | 44,170 | 听 | $ | 9,594 | 听 |
| Accounts receivable, net | 听 | 8,818 | 听 | 听 | 10,662 | 听 |
| Other current assets | 听 | 5,821 | 听 | 听 | 4,087 | 听 |
| 听 听Total current assets | 听 | 58,809 | 听 | 听 | 24,343 | 听 |
| Property, plant and equipment, net | 听 | 10,042 | 听 | 听 | 12,633 | 听 |
| Operating lease right-of-use assets | 听 | 16,736 | 听 | 听 | 17,434 | 听 |
| Deferred income taxes, net | 听 | 609 | 听 | 听 | 5,609 | 听 |
| Other assets | 听 | 1,821 | 听 | 听 | 1,824 | 听 |
| 听 听Total assets | $ | 88,017 | 听 | $ | 61,843 | 听 |
| Liabilities and Shareholders鈥� Equity | 听 | 听 | 听 | 听 | 听 | 听 |
| Current liabilities: | 听 | 听 | 听 | 听 | 听 | 听 |
| Accounts payable | $ | 4,019 | 听 | $ | 4,808 | 听 |
| Accrued compensation and other current liabilities | 听 | 10,384 | 听 | 听 | 11,498 | 听 |
| Contract liabilities | 听 | 9,199 | 听 | 听 | 8,689 | 听 |
| 听 听Total current liabilities | 听 | 23,602 | 听 | 听 | 24,995 | 听 |
| Long-term pension liabilities | 听 | 11,555 | 听 | 听 | 11,764 | 听 |
| Long-term operating lease liabilities | 听 | 16,662 | 听 | 听 | 17,379 | 听 |
| Other liabilities | 听 | 880 | 听 | 听 | 892 | 听 |
| 听 听Total liabilities | 听 | 52,699 | 听 | 听 | 55,030 | 听 |
| 听 听Commitments and contingencies | 听 | 听 | 听 | 听 | 听 | 听 |
| 听 听Total shareholders' equity | 听 | 35,318 | 听 | 听 | 6,813 | 听 |
| 听 听 听 Total liabilities and shareholders鈥� equity | $ | 88,017 | 听 | $ | 61,843 | 听 |
| 听 | ||||||
DallasNews Corporation and Subsidiaries
Disaggregated Revenue by Reportable Segment and Revenue Source
| 听 | Three Months Ended March听31, | 听 | ||||
| In thousands (unaudited) | 2025 | 听 | 2024 | 听 | ||
| TDMN | 听 | 听 | 听 | 听 | 听 | 听 |
| Print advertising | $ | 4,949 | 听 | $ | 5,639 | 听 |
| Digital advertising (1) | 听 | 1,891 | 听 | 听 | 1,958 | 听 |
| Agency | 听 | 听 | 听 | 听 | 听 | 听 |
| Marketing and media services (1) | 听 | 3,973 | 听 | 听 | 4,049 | 听 |
| Advertising and Marketing Services | $ | 10,813 | 听 | $ | 11,646 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| TDMN | 听 | 听 | 听 | 听 | 听 | 听 |
| Print circulation | 听 | 11,047 | 听 | 听 | 11,756 | 听 |
| Digital circulation | 听 | 4,400 | 听 | 听 | 4,544 | 听 |
| Circulation | $ | 15,447 | 听 | $ | 16,300 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| TDMN | 听 | 听 | 听 | 听 | 听 | 听 |
| Printing, Distribution and Other | $ | 2,865 | 听 | $ | 3,156 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Total Revenue | $ | 29,125 | 听 | $ | 31,102 | 听 |
| 听 | ||||||
| (1)听 听Prior to the segment reporting change, digital advertising, and marketing and media services revenues were reported in aggregate. | ||||||
| 听 | ||||||
DallasNews Corporation and Subsidiaries
Reconciliation of Segment Profit (Loss) to Operating Income (Loss)
| 听 | Three Months Ended March听31, | 听 | |||||
| In thousands (unaudited) | 2025 | 听 | 2024听 | 听 | |||
| TDMN | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Net operating revenue | $ | 25,152 | 听 | $ | 27,053 | 听 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Employee compensation and benefits | 听 | 10,006 | 听 | 听 | 10,593 | 听 | 听 |
| Other production, distribution and operating costs | 听 | 10,239 | 听 | 听 | 10,132 | 听 | 听 |
| Newsprint, ink and other supplies | 听 | 1,143 | 听 | 听 | 1,079 | 听 | 听 |
| Operating costs and expense | 听 | 21,388 | 听 | 听 | 21,804 | 听 | 听 |
| TDMN Segment Profit | $ | 3,764 | 听 | $ | 5,249 | 听 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Agency | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Net operating revenue | $ | 3,973 | 听 | $ | 4,049 | 听 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Employee compensation and benefits | 听 | 1,876 | 听 | 听 | 2,426 | 听 | 听 |
| Other production, distribution and operating costs | 听 | 1,729 | 听 | 听 | 1,819 | 听 | 听 |
| Newsprint, ink and other supplies | 听 | 128 | 听 | 听 | 205 | 听 | 听 |
| Operating costs and expense | 听 | 3,733 | 听 | 听 | 4,450 | 听 | 听 |
| Agency Segment Profit (Loss) | $ | 240 | 听 | $ | (401 | ) | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Total Segment Profit | $ | 4,004 | 听 | $ | 4,848 | 听 | 听 |
| Reconciling items: | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Corporate and Other (1) | 听 | 30,204 | 听 | 听 | (6,604 | ) | 听 |
| Operating Income (Loss) (1) | $ | 34,208 | 听 | $ | (1,756 | ) | 听 |
| 听 | |||||||
| (1)听 听Three months ended March 31, 2025, includes a net gain of | |||||||
| 听 | |||||||
DallasNews Corporation - Non-GAAP Financial Measures
Reconciliation of Operating Income (Loss) to Adjusted Operating Loss
| 听 | Three Months Ended March听31, | 听 | ||||||
| In thousands (unaudited) | 2025 | 听 | 2024 | 听 | ||||
| Total net operating revenue | $ | 29,125 | 听 | 听 | $ | 31,102 | 听 | 听 |
| Total operating costs and expense | 听 | (5,083 | ) | 听 | 听 | 32,858 | 听 | 听 |
| Operating Income (Loss) | $ | 34,208 | 听 | 听 | $ | (1,756 | ) | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Total operating costs and expense | $ | (5,083 | ) | 听 | $ | 32,858 | 听 | 听 |
| Less: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Depreciation | 听 | 334 | 听 | 听 | 听 | 398 | 听 | 听 |
| Severance expense | 听 | 467 | 听 | 听 | 听 | 578 | 听 | 听 |
| Gain on sale/disposal of assets, net | 听 | (36,206 | ) | 听 | 听 | 鈥� | 听 | 听 |
| Adjusted Operating Expense | $ | 30,322 | 听 | 听 | $ | 31,882 | 听 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Total net operating revenue | $ | 29,125 | 听 | 听 | $ | 31,102 | 听 | 听 |
| Adjusted operating expense | 听 | 30,322 | 听 | 听 | 听 | 31,882 | 听 | 听 |
| Adjusted Operating Loss | $ | (1,197 | ) | 听 | $ | (780 | ) | 听 |
FAQ
How much profit did DallasNews (DALN) make from the Plano facility sale in Q1 2025?
What is DallasNews (DALN) Q1 2025 revenue compared to Q1 2024?
How will the pension plan changes affect DALN employees in 2025?
What is DallasNews (DALN) cash position as of March 2025?
How much did DALN's advertising revenue decline in Q1 2025?
