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Dec 31, 2024
NYT Q4 2024 Earnings Report
The New York Times Company reported strong Q4 2024 results driven by digital subscriber growth and ARPU expansion.
Key Takeaways
The New York Times Company reported a 7.5% increase in total revenues for Q4 2024, reaching $726.6 million. Digital subscription revenues grew by 16.0%, and digital advertising revenues increased by 9.5%. The company added approximately 350,000 net digital-only subscribers, bringing the total to 11.43 million.
Added 350,000 net digital-only subscribers, reaching a total of 11.43 million.
Total digital-only ARPU increased by 4.4% year-over-year to $9.65.
Digital subscription revenues increased by 16.0% year-over-year.
Digital advertising revenues increased by 9.5% year-over-year.
Revenue by Segment
Forward Guidance
The company provided guidance for Q1 2025 with expected increases in digital-only subscription revenues and total subscription revenues.
Positive Outlook
- Digital-only subscription revenues are expected to increase by 14-17%.
- Total subscription revenues are expected to increase by 7-10%.
- Digital advertising revenues are expected to increase high-single-digits.
- Other revenue is expected to increase mid-single-digits.
- Interest income and other, net: approximately $40 million
Challenges Ahead
- Total advertising revenues are expected to decrease low-single-digits to increase low-single-digits.
- Adjusted operating costs are expected to increase by 5-6%.
- Depreciation and amortization: approximately $80 million
- Capital expenditures: approximately $40 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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