The New York Times Company ( (NYT) ) has released its Q4 earnings. Here is a breakdown of the information The New York Times Company presented to its investors.
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The New York Times Company, a renowned media organization, specializes in delivering quality journalism through its digital and print platforms, making it a significant player in the communication services sector. Recently, The New York Times Company reported strong financial performance for the fourth quarter and full-year 2024, highlighting a significant increase in digital-only subscribers and revenues. The company added 350,000 net digital-only subscribers, bringing the total to 11.43 million, with digital-only subscription revenues rising by 16% year-over-year. Digital advertising revenues also saw a 9.5% increase, while other revenues grew by 16.3%, driven by higher Wirecutter affiliate and licensing revenues. Operating profit increased by 13.6%, reaching $146.6 million, and diluted earnings per share rose to $0.75, marking a notable improvement from the previous year. Looking ahead, The New York Times Company remains optimistic about continuing its growth trajectory in subscribers, revenue, and profitability, with plans for a $350 million share repurchase program and a dividend increase, reflecting confidence in its multi-revenue stream model and its capacity to navigate the evolving media landscape.
