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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%.
NYT
NYT
NYT Revenue by Segment
Revenue by Segment
Digital-only Subs Revenue
CapyFin.comDigital Ads Revenue
CapyFin.comPrint Ads Revenue
CapyFin.comNYTG Subs Revenue
CapyFin.comNYTG Ads Revenue
CapyFin.comNYTG Other Revenue
CapyFin.com 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.
- Changes in the business and competitive environment.
- The impact of national and local conditions and developments in technology.
Revenue & Expenses
Visualization of income flow from segment revenue to net income