NYT Q1 2024 beats: revenue $594M, digital subs +210k, adj. EPS $0.31

NEW YORK TIMES CO

2024-Q1 EPS reported $0.24 revenue$594,015,000

Revenue $594M (+5.9% YoY); operating profit $48.3M (+73.2% YoY).
Digital-only subscribers reached 9.91M, net addition of 210k in Q1.
Digital subscription revenues $293M (+13.2% YoY); ARPU $9.21 (+1.9% YoY).
Diluted EPS $0.24 (vs $0.13 YoY); adjusted diluted EPS $0.31 (vs $0.19 YoY).
Digital advertising revenue $63M (+2.9% YoY); total operating costs up 2.4% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

NEW YORK TIMES CO reported financial results for the quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 8, 2024, The New York Times Company (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000071691-24-000103

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