The New York Times Company announced strong fourth-quarter 2021 results, with diluted earnings per share of $0.41, up from $0.06 in the same period of 2020. Total revenue increased by 16.7% to $594.2 million, driven by growth in subscription and advertising revenues. The company surpassed 10 million subscriptions with the acquisition of The Athletic and set a new subscriber target of at least 15 million by year-end 2027.
Total revenues increased by 16.7% to $594.2 million.
The Company posted 375,000 net new digital subscriptions, 171,000 of which came from News.
Operating profit increased to $94.1 million.
The Company surpassed 10 million subscriptions, well ahead of its stated goal of reaching that milestone by 2025.
The Company’s guidance for revenue and operating costs for the first quarter of 2022 compared to the first quarter of 2021, both including and excluding the impact of The Athletic, which will be consolidated in the results from yesterday’s closing or approximately two-thirds of the quarter:
Visualization of income flow from segment revenue to net income