The earnings call reflects a positive outlook for The New York Times, with significant growth in digital subscriptions and advertising revenue. While there are challenges in print revenue and some limitations in advertising associated with hard news, the company's strong financial performance and strategic innovations indicate a robust growth trajectory.

Company Guidance

During The New York Times Company's Fourth Quarter and Full Year 2024 Earnings Conference Call, the guidance provided highlighted several key metrics. The company added over 1.1 million digital subscribers in 2024, contributing to a 14% increase in digital subscription revenue. The fourth quarter alone saw the addition of 350,000 net new digital subscribers, with digital subscription revenue growth accelerating to 16%. The company's digital advertising revenue increased by 9.5%, notably from games and The Athletic. Moreover, the adjusted operating profit (AOP) grew by approximately 17% year over year to $455 million, with the AOP margin expanding by approximately 150 basis points to 17.6%. Free cash flow generation was strong at approximately $381 million, and the company returned $168 million to shareholders, including $85 million in share repurchases and $83 million in dividends. Looking forward, the guidance for the first quarter of 2025 anticipates a 14% to 17% increase in digital-only subscription revenues and a high single-digit increase in digital advertising revenues.

Digital Subscription Growth

The New York Times added over 1.1 million digital subscribers in 2024, with digital subscription revenue increasing by 14%.

Record Growth in Digital Advertising

Digital advertising revenue increased by 9.5% in Q4, with new AI-powered ad targeting tools contributing to this growth.

Strong Financial Performance

Adjusted operating profit grew by 17% to $455 million, with a margin expansion of 150 basis points to 17.6%.

Increased Free Cash Flow

The company generated $381 million in free cash flow in 2024, with $168 million returned to shareholders through share repurchases and dividends.

New Product Innovations

The New York Times relaunched its core news app and introduced a new version of its games app, contributing to increased user engagement.

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New York Times (NYT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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NYT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2025	2025 (Q1)	0.34 / -	0.31	―	―	―
Feb 05, 2025	2024 (Q4)	0.75 / 0.80	0.7	14.29% (+0.10)
Nov 04, 2024	2024 (Q3)	0.41 / 0.45	0.37	21.62% (+0.08)
Aug 07, 2024	2024 (Q2)	0.41 / 0.45	0.38	18.42% (+0.07)
May 08, 2024	2024 (Q1)	0.20 / 0.31	0.19	63.16% (+0.12)
Feb 07, 2024	2023 (Q4)	0.61 / 0.70	0.59	18.64% (+0.11)
Nov 08, 2023	2023 (Q3)	0.29 / 0.37	0.21	76.19% (+0.16)	―
Aug 08, 2023	2023 (Q2)	0.21 / 0.38	0.24	58.33% (+0.14)	―
May 10, 2023	2023 (Q1)	0.17 / 0.19	0.19	0.00% (0.00)	―
Feb 08, 2023	2022 (Q4)	0.43 / 0.59	0.43	37.21% (+0.16)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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NYT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2025	$55.89	$49.23	-11.92%
Nov 04, 2024	$56.69	$52.32	-7.71%
Aug 07, 2024	$51.88	$53.66	+3.43%
May 08, 2024	$45.91	$47.39	+3.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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