New York Times(NYT) ZACKS·2025-02-06 15:41Core Insights - The New York Times Company (NYT) demonstrated solid performance in Q4 2024, with adjusted earnings per share of 80 cents, exceeding the Zacks Consensus Estimate of 74 cents, and showing a year-over-year increase from 70 cents [1] - Total revenues reached 725 million, reflecting a 7.5% year-over-year growth [1] Subscription Performance - NYT added approximately 350,000 net digital-only subscribers in the quarter, driven by various products in its portfolio [2] - Subscription revenues totaled 334.9 million [4] - The company ended the quarter with 11.43 million total subscribers, including 10.82 million digital-only subscribers, of which 5.44 million were bundle and multi-product subscribers [5] Advertising Revenues - Total advertising revenues amounted to 117.9 million [6] - Print advertising revenues fell 16.4% to 911.9 million, an increase of 709.2 million as of December 31, 2023 [13] - Adjusted operating profit grew 10.7% to $170.5 million, with an adjusted operating margin expanding 70 basis points to 23.5% [9] Future Outlook - Management anticipates total subscription revenue growth of 7-10% for Q1 2025, with digital-only subscription revenues expected to rise 14-17% [5] - For Q1 2025, the company expects a low-single-digit change in total advertising revenues, with a high-single-digit increase in digital advertising revenues [7]