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Dec 29, 2019
NYT Q4 2019 Earnings Report
NYT's Q4 2019 earnings were released, revealing a slight increase in total revenue and a significant rise in digital subscriptions, alongside a decrease in advertising revenue.
Key Takeaways
The New York Times Company reported a 1.1% increase in total revenues for Q4 2019, reaching $508.4 million. Digital-only subscriptions saw substantial growth, with a net increase of 342,000 subscriptions. However, advertising revenues experienced a decline of 10.7%.
Total revenues increased by 1.1% to $508.4 million.
Diluted earnings per share from continuing operations was $0.41, compared to $0.33 in the same period of 2018.
The company added 342,000 net new digital-only subscriptions.
Advertising revenues decreased by 10.7%.
Revenue by Segment
Forward Guidance
The company provided guidance for Q1 2020, expecting subscription revenues to increase in the mid-single digits, digital-only subscription revenue to increase in the high-teens, and advertising revenues to decline approximately 10 percent.
Positive Outlook
- Total subscription revenues are expected to increase in the mid-single digits.
- Digital-only subscription revenue is expected to increase in the high-teens.
- Other revenues are expected to increase approximately 15 percent.
- Continued investment in the drivers of digital subscription growth.
- Board of Directors declared a $.06 dividend per share.
Challenges Ahead
- Total advertising revenues are expected to decline approximately 10 percent.
- Digital advertising revenue is expected to decrease in the mid-single digits.
- Operating costs and adjusted operating costs are expected to increase approximately 5 percent to 7 percent.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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