earnings
confidence high
sentiment positive
materiality 0.80
NYT Q4 EPS $0.66 (adj $0.70); digital subs +300k; dividend raised to $0.13
NEW YORK TIMES CO
2023-FY EPS reported
$1.40
revenue$2,426,152,000
- Q4 diluted EPS $0.66 vs $0.43 YoY; adjusted diluted EPS $0.70 vs $0.59 YoY.
- Digital-only subscribers rose 300k to 9.70M; digital-only subscription revenue +7.2% to $288.7M.
- Q4 total revenue $676.2M (+1.3% YoY); operating profit $129.0M (+38.7%).
- Full-year 2023 free cash flow $337.9M vs $113.7M in 2022; net cash $709.2M.
- Dividend increased to $0.13/share from $0.11; Q1 2024 digital sub revenue growth guided 11-14%.