First Quarter 2024 Earnings Presentation May 8, 2024 Forward-Looking Statements Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Terms such as "aim," "anticipate," "believe," "confidence," "contemplate," "continue," "conviction," "could," "drive," "estimate," "expect," "forecast," "fu ...

The New York Times Company (NYSE:NYT) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Anthony DiClemente - Senior Vice President of Investor Relations Meredith Kopit Levien - President and Chief Executive Officer William Bardeen - Executive Vice President and Chief Financial Officer Conference Call Participants David Karnovsky - JPMorgan Jason Bazinet - Citi Vasily Karasyov - Cannonball Research Thomas Yeh - Morgan Stanley Douglas Arthur - Huber Research Partners Operator Good m ...

New York Times Co. (NYT) reported $594.02 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.9%. EPS of $0.31 for the same period compares to $0.19 a year ago.The reported revenue represents a surprise of +0.57% over the Zacks Consensus Estimate of $590.64 million. With the consensus EPS estimate being $0.18, the EPS surprise was +72.22%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

New York Times Co. (NYT) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 72.22%. A quarter ago, it was expected that this newspaper publisher would post earnings of $0.60 per share when it actually produced earnings of $0.70, delivering a surprise of 16.67%.Over the last four quarters ...

The New York Times Company Reports First-Quarter 2024 Results NEW YORK, May 8, 2024 – The New York Times Company (NYSE: NYT) announced today first-quarter 2024 results. • The Company added approximately 210,000 net digital-only subscribers compared with the end of the fourth quarter of 2023, driven largely by bundle and multiproduct subscriber additions • Total digital-only average revenue per user ("ARPU") increased 1.9 percent year-over-year to $9.21 primarily as a result of subscribers graduating from pr ...

The New York Times Company (NYT) is likely to register an increase in the top line when it reports first-quarter 2024 numbers on May 8 before market open. The Zacks Consensus Estimate for revenues is pegged at $590.6 million, which indicates an improvement of 5.3% from the prior-year reported figure.However, the company is expected to observe a year-over-year decrease in its bottom line. The Zacks Consensus Estimate for first-quarter earnings per share has been stable at 18 cents in the past 30 days, which ...

The New York Times Company (NYT) has deftly overcome operational hurdles, achieving notable success fueled by its expanding subscriber base and strategic transformations. With an unwavering commitment to diversifying revenue streams, optimizing costs and refining operations, the company has emerged as a formidable player in the media landscape. To amplify its revenues further, NYT is actively promoting a more strategically bundled subscription offering, reflecting its proactive approach to business evolutio ...

Left-leaning news site The Intercept is reportedly in dire financial straits that could cause the nonprofit to shutter next year — as it attacks The New York Times over alleged bias in its Israel-Gaza war coverage.The Intercept — co-founded by Glenn Greenwald and Laura Poitras a decade ago and originally financed by eBay billionaire founder Pierre Omidyar — is losing around $300,000 per month and could run out of money by May 2025, according to Semafor.Last year, Omidyar cut his support and the site was spu ...

The New York Times Co. (NYT) is experiencing growth, driven by an expanding subscriber base and strategic evolution, despite facing hurdles. The company's success stems from its commitment to diversifying revenue sources, cutting costs and optimizing operations. To boost earnings further, NYT is actively promoting a more strategic bundled subscription model.Leveraging technological advancements, this New York-based firm has strengthened its connection with its target demographic. Noteworthy acquisitions lik ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A Wordle game is seen on a mobile phone, July 15, 2022, in Boston. The New York Times is fighting off Wordle “clones” — arguing that numerous games inspired by the mega-popular word-guessing game infringe on its copyright protections. Credit: AP Photo/Michael Dwyer, File The New York Times is fighting off Wordle "clones"—arguing ...