The New York Times Co. (NYT) Tops Q3 EPS by 4c

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November 4, 2024 7:10 AM EST

The New York Times Co. (NYSE: NYT) reported Q3 EPS of $0.45, $0.04 better than the analyst estimate of $0.41. Revenue for the quarter came in at $640.2 million versus the consensus estimate of $641 million.

Outlook
Below is the Company’s guidance for revenues and adjusted operating costs for the fourth quarter of 2024 compared with the fourth quarter of 2023.
The New York Times Company
Digital-only subscription revenuesincrease 14 - 17%
Total subscription revenuesincrease 7 - 9%
Digital advertising revenuesincrease high-single-digits to low-double-digits
Total advertising revenuesincrease low-single-digits
Other revenueincrease 11 - 13%
Adjusted operating costsincrease 5 - 6%
The Company expects the following on a pre-tax basis in 2024:
•Depreciation and amortization: approximately $80 million
•Interest income and other, net: approximately $35 million, and
•Capital expenditures: approximately $35 million.

For earnings history and earnings-related data on The New York Times Co. (NYT) click here.


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