NYT Q4 revenue up 7.5% to $726.6M; adds 350k digital subs; EPS $0.75

NEW YORK TIMES CO

2024-FY EPS reported $1.77 revenue$2,585,919,000

Q4 operating profit $146.6M (+13.6% YoY); adjusted operating profit $170.5M (+10.7%).
Digital-only subscribers reach 11.43M, up 350k sequentially; ARPU $9.65 (+4.4% YoY).
Digital subscription revenue $334.9M (+16% YoY); digital advertising revenue $117.9M (+9.5%).
Board approves $350M share repurchase program and raises quarterly dividend 5 cents to $0.18/share.
Full-year free cash flow $381.3M vs $337.9M in 2023; management expects another year of healthy growth.

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