New York Times Co

NYT

Equity

ISIN US6501111073 / Valor 956840

New York Stock Exchange, Inc (2024-11-21)

USD 53.25+2.38%

New York Times Co
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About company

The New York Times Co is a media company that publishes newspapers and digital content.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Subscriber Growth

The New York Times Company reported a net increase of approximately 210,000 digital-only subscribers in the first quarter of 2024, bringing the total to around 9.91 million digital-only subscribers. This growth was largely driven by bundle and multiproduct subscriber additions.

Average Revenue Per User

The average revenue per user (ARPU) for digital-only subscribers increased by 1.9 percent year-over-year to $9.21 in the first quarter of 2024. This increase was primarily due to subscribers transitioning from promotional to higher prices and price increases on tenured non-bundled subscribers.

Subscription Revenues

In the first quarter of 2024, The New York Times Company's total subscription revenues rose by 7.9 percent to $429.0 million. Digital-only subscription revenues saw a significant increase of 13.2 percent, reaching $293.0 million, driven by higher bundle and multiproduct revenues.

Advertising Revenues

First-quarter 2024 total advertising revenues for The New York Times Company decreased by 2.4 percent to $103.7 million. However, digital advertising revenues increased by 2.9 percent to $63.0 million, while print advertising revenues fell by 9.5 percent.

Overall Revenue Growth

The New York Times Company's total revenues for the first quarter of 2024 increased by 5.9 percent to $594.0 million, compared to $560.7 million in the first quarter of 2023. This growth was driven by increases in subscription, digital advertising, and other revenues.

Summarized from source with an LLMView Source

Key figures

18.0%1Y

14.0%3Y

72.4%5Y

Performance

21.9%1Y

30.5%3Y

33.0%5Y

Volatility