- New York Times Co. reported an adjusted earnings per share (EPS) from continuing operations of $0.41, surpassing the estimate of $0.35.
- Total revenue was $635.9 million, slightly below the expected $644.9 million.
- Advertising revenue reached $108.1 million, exceeding the forecast of $104 million.
- Digital advertising revenue came in at $70.9 million, ahead of the $68.1 million estimate.
- Subscription revenue totaled $464.3 million, above the anticipated $459.9 million.
- The Athletic generated $47.6 million in revenue, outperforming the projected $44.6 million.
- Total subscriptions reached 11.66 million, higher than the estimated 11.63 million.
- Digital-only subscriptions stood at 11.06 million.
- Print subscriptions numbered 600,000, surpassing the estimate of 588,525.
- Adjusted operating profit was recorded at $92.7 million.
- For the second quarter, subscription revenues are expected to increase by 8% to 10%.
- Digital-only subscription revenue is projected to grow by 13% to 16%.
- Analyst recommendations include 6 buys and 6 holds, with no sell ratings.
New York Times Co A on Smartkarma
Analyst coverage of New York Times Co A on Smartkarma by Baptista Research reveals a bullish sentiment towards the company. In their report titled “The New York Times Company: Growth in Digital Subscriptions & Revenue Fueling Our ‘Outperform’ Rating!“, Baptista Research highlights the solid performance of New York Times Co in terms of key operational and financial metrics for the fourth quarter and full-year of 2024. The company’s strategic focus on expanding its subscriber base and diversifying revenue streams has proven successful, with an addition of over 1.1 million digital subscribers in 2024, thereby reaching a total of 11.4 million subscribers.
A look at New York Times Co A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores analysis, the long-term outlook for New York Times Co A appears promising. The company shows strong potential in growth, resilience, and momentum, with scores of 4 in each category. This indicates a positive upward trend for the company’s future performance in these areas. Despite moderate scores in value and dividends, with a rating of 2 for each, New York Times Co A‘s overall outlook seems favorable, especially with its solid scores in growth, resilience, and momentum.
The New York Times Company, primarily operating media businesses, including daily newspapers and internet websites, focuses on distributing news and entertainment. With a positive outlook in growth, resilience, and momentum, the company seems well-positioned to continue its presence in the media industry. Although value and dividend scores are more moderate, the company’s strengths in growth and resilience, highlighted by Smartkarma Smart Scores, could drive its long-term success in delivering news and entertainment content.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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