Supplemental equity and other information (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Basic and Diluted (Loss) Income Per Share

The following table sets forth the information to compute basic and diluted (loss) income per share:


	Three months ended September 30,				Nine months ended September 30,
In thousands, except per share data	2025		2024		2025		2024
Net (loss) income attributable to Gannett	$	(39,249)	$	(19,653)	$	31,809	$	(90,673)
Interest adjustment to Net (loss) income attributable to Gannett related to assumed conversions of the:

2031 Notes	—		—		8,031		—
Net (loss) income attributable to Gannett for diluted earnings per share	$	(39,249)	$	(19,653)	$	39,840	$	(90,673)

Basic weighted average shares outstanding	145,798		143,209		144,788		142,279
Effect of dilutive securities:
Restricted stock grants(a)	—		—		717		—

2031 Notes(b)	—		—		44,745		—
Diluted weighted average shares outstanding	145,798		143,209		190,250		142,279

(Loss) income per share attributable to Gannett - basic	$	(0.27)	$	(0.14)	$	0.22	$	(0.64)
(Loss) income per share attributable to Gannett - diluted	$	(0.27)	$	(0.14)	$	0.21	$	(0.64)

(a) Includes restricted stock awards ("RSAs"), restricted stock units ("RSUs") and performance stock units ("PSUs").

(b) Represents the total number of shares that would have been convertible for the nine months ended September 30, 2025 as stipulated in the 2031 Notes Indenture.

Schedule of Securities Excluded From Computation of Diluted (Loss) Income Per Share

The Company excluded the following securities from the computation of diluted (loss) income per share because their effect would have been antidilutive:


	Three months ended September 30,		Nine months ended September 30,
In thousands	2025	2024	2025	2024
2027 Notes(a)	4,822	97,057	4,822	97,057
2031 Notes(b)	44,745	—	—	—
Restricted stock grants(c)	5,373	7,139	2,065	7,139
Stock options	4,716	6,068	4,716	6,068

(a)Represents the total number of shares that would have been convertible for the three and nine months ended September 30, 2025 and 2024 as stipulated in the 2027 Notes Indenture.

(b)Represents the total number of shares that would have been convertible for the three months ended September 30, 2025 as stipulated in the 2031 Notes Indenture.

(c)Includes restricted stock awards ("RSA"), restricted stock units ("RSU") and performance stock units ("PSU").

Schedule of Accumulated Other Comprehensive Loss, Net of Tax

The following tables summarize the components of, and the changes in, Accumulated other comprehensive loss, net of tax:


	Nine months ended September 30, 2025						Nine months ended September 30, 2024
In thousands	Pension and postretirement benefit plans		Foreign currency translation		Total		Pension and postretirement benefit plans		Foreign currency translation		Total
Beginning balance	$	(54,953)	$	(1,211)	$	(56,164)	$	(64,344)	$	(1,197)	$	(65,541)
Other comprehensive (loss) income before reclassifications	(7,528)		15,856		8,328		(6,232)		12,917		6,685
Amounts reclassified from accumulated other comprehensive income(a)(b)	146		—		146		244		—		244
Net current period other comprehensive (loss) income	(7,382)		15,856		8,474		(5,988)		12,917		6,929
Ending balance	$	(62,335)	$	14,645	$	(47,690)	$	(70,332)	$	11,720	$	(58,612)

(a)Amounts reclassified from accumulated other comprehensive income are included in the computation of net periodic benefit cost. See Note 7 — Pensions and other postretirement benefit plans.

(b)Amounts reclassified from accumulated other comprehensive income are recorded net of tax impacts of $49 thousand and $107 thousand for the nine months ended September 30, 2025 and 2024, respectively.