The New York Times Co. (NYT) Tops Q3 EPS by 4c
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 revenues | increase 14 - 17% | ||||
| Total subscription revenues | increase 7 - 9% | ||||
| Digital advertising revenues | increase high-single-digits to low-double-digits | ||||
| Total advertising revenues | increase low-single-digits | ||||
| Other revenue | increase 11 - 13% | ||||
| Adjusted operating costs | increase 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.