Reports Q4 revenue $726.6M, consensus $726.94M. The company added approximately 350,000 net digital-only subscribers in Q4. Total digital-only average revenue per user increased 4.4% year-over-year to $9.65. Meredith Kopit Levien, president and chief executive officer, The New York Times (NYT) Company, said, “The fourth quarter capped another strong year for The Times in which we made further progress toward becoming the essential subscription for every curious person seeking to understand and engage with the world. Our market-leading news and premium lifestyle products proved more valuable to more people in 2024. Deep engagement fueled our multi-revenue stream model, and enhanced our durability even in a dynamic information ecosystem. Altogether, this momentum gives us confidence that we can deliver another year of healthy growth in subscribers, revenue, and profitability, as well as strong free cash flow.”
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