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New York Times (NYT) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, New York Times Co. (NYT - Free Report) reported revenue of $625.1 million, up 5.8% over the same period last year. EPS came in at $0.45, compared to $0.38 in the year-ago quarter.
The reported revenue represents a surprise of +0.35% over the Zacks Consensus Estimate of $622.92 million. With the consensus EPS estimate being $0.40, the EPS surprise was +12.50%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how New York Times performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Digital-only subscriptions
: 10,210 versus 10,101 estimated by two analysts on average.
Print subscriptions
: 630 versus the two-analyst average estimate of 628.
Total subscriptions Digital & Print
: 10,840 compared to the 10,728 average estimate based on two analysts.
Digital-only Subscribers- Bundle and multiproduct
: 4.83 million versus 4.82 million estimated by two analysts on average.
Digital-only ARPU - Other single-product
: $3.65 compared to the $3.68 average estimate based on two analysts.
Digital-only subscription revenues
: $304.50 million versus $303.31 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.9% change.
Advertising Revenues- Total Digital
: $79.60 million compared to the $79.66 million average estimate based on two analysts. The reported number represents a change of +7.9% year over year.
Advertising Revenues- Total Print
: $39.56 million versus $40.09 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -10% change.
Revenue- Other
: $66.61 million versus $64.57 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.
Print subscription revenues
: $134.82 million versus the two-analyst average estimate of $135.30 million. The reported number represents a year-over-year change of -3.6%.
Revenue- Advertising
: $119.16 million versus the two-analyst average estimate of $119.75 million. The reported number represents a year-over-year change of +1.2%.
Revenues- Subscription
: $439.32 million versus the two-analyst average estimate of $438.60 million. The reported number represents a year-over-year change of +7.3%.
Shares of New York Times have returned +0.4% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended June 2024, New York Times Co. (NYT - Free Report) reported revenue of $625.1 million, up 5.8% over the same period last year. EPS came in at $0.45, compared to $0.38 in the year-ago quarter.
The reported revenue represents a surprise of +0.35% over the Zacks Consensus Estimate of $622.92 million. With the consensus EPS estimate being $0.40, the EPS surprise was +12.50%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how New York Times performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for New York Times here>>>Total Digital-only subscriptions
: 10,210 versus 10,101 estimated by two analysts on average.Print subscriptions
: 630 versus the two-analyst average estimate of 628.Total subscriptions Digital & Print
: 10,840 compared to the 10,728 average estimate based on two analysts.Digital-only Subscribers- Bundle and multiproduct
: 4.83 million versus 4.82 million estimated by two analysts on average.Digital-only ARPU - Other single-product
: $3.65 compared to the $3.68 average estimate based on two analysts.Digital-only subscription revenues
: $304.50 million versus $303.31 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.9% change.Advertising Revenues- Total Digital
: $79.60 million compared to the $79.66 million average estimate based on two analysts. The reported number represents a change of +7.9% year over year.Advertising Revenues- Total Print
: $39.56 million versus $40.09 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -10% change.Revenue- Other
: $66.61 million versus $64.57 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.Print subscription revenues
: $134.82 million versus the two-analyst average estimate of $135.30 million. The reported number represents a year-over-year change of -3.6%.Revenue- Advertising
: $119.16 million versus the two-analyst average estimate of $119.75 million. The reported number represents a year-over-year change of +1.2%.Revenues- Subscription
: $439.32 million versus the two-analyst average estimate of $438.60 million. The reported number represents a year-over-year change of +7.3%.Shares of New York Times have returned +0.4% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.