earnings
confidence high
sentiment positive
materiality 0.75
NYT Q4 EPS $0.43; adj EPS $0.59; raises capital return target to ≥50% FCF
NEW YORK TIMES CO
2022-FY EPS reported
$1.04
revenue$2,308,321,000
- Q4 revenue $667.5M (+12.3% YoY); digital-only subscription revenue $269.2M (+31% YoY).
- Adjusted operating profit $141.8M vs $109.3M YoY; operating profit $93.0M vs $94.1M YoY.
- Digital-only subscribers 8.83M, net adds 240k in Q4; total subscribers 9.55M.
- Board authorizes dividend increase and new share repurchase; capital return target ≥50% of free cash flow.
- Full-year adj operating profit $348M, ahead of guidance; operating profit $202M.