NYT Q4 2024 Earnings Report
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.
NYT
NYT
NYT 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.
- Significant competition in all aspects of our business
Revenue & Expenses
Visualization of income flow from segment revenue to net income