New York Times Company (The)
Description
The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. The company operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company's mobile application, website, printed newspaper, and associated content, such as podcast. The company also offers The Athletic, a sports media product; Cooking, a recipe product; Games, a puzzle games product; and Audio, an audio product. In addition, it offers a portfolio of advertising products and services to advertisers, such as luxury goods, technology, and financial companies, to promote products, services or brands on digital platforms in the form of display ads, audio and video, in print in the form of column-inch ads, and at live events; and Wirecutter, a product review and recommendation product. Further, the company licenses content to digital aggregators in the business, professional, academic and library markets, and third-party digital platforms; articles, graphics, and photographs, including newspapers, magazines, and websites; and for use in television, films, and books, as well as provide rights to reprint articles, and create and sell new digests. Additionally, it engages in commercial printing and distribution for third parties; and operates the NYTimes.com website. The company was founded in 1851 and is headquartered in New York, New York.
About
CEO
Ms. Meredith A. Kopit Levien
Employees
5,900
Instrument type
Common Stock
Sector
Communication Services
Industry
Publishing
MIC code
XNYS
Address
620 Eighth Avenue, New York, NY 10018, United States
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Oscillators
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 3, 2025 | — | — | — | — |
| Aug 5, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Feb 5, 2025 | 0.74 | — | — | — |
| Nov 4, 2024 | 0.41 | 0.45 | 0.04 | 9.76% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 4 | — | 9 |
| Average estimate | — | 0.34 | — | 2.08 |
| Low estimate | — | 0.29 | — | 1.98 |
| High estimate | — | 0.39 | — | 2.17 |
| Last year EPS | — | 0.31 | — | 1.90 |
[stock_revenue_estimate]
Growth estimates
Current qtr
7.550%
Next qtr. (Mar 2025)
10.210%
Current year
16.340%
Next year (Dec 2025)
9.920%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 2.43B | 2.31B | 2.07B | 1.78B | 1.81B |
| Cost of revenue | 1.25B | 1.21B | 1.04B | 959.31M | 988.16M |
| Gross profit | 1.18B | 1.10B | 1.04B | 824.33M | 824.03M |
| Operating expense | |||||
| Research & development | 228.80M | 204.19M | 160.87M | 133.38M | 106.42M |
| Selling general and admin | 571.27M | 556.81M | 545.07M | 452.55M | 479.40M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 290.91M | 255.74M | 271.87M | 176.26M | 177.55M |
| Non operating interest income | |||||
| Income | 22.12M | 7.26M | 6.57M | 13.98M | 19.69M |
| Expense | 1.01M | 800,000 | 780,000 | 727,000 | 26.86M |
| Other income expense | -9.42M | -26.20M | 12.85M | -74.08M | -7.38M |
| Pretax income | 302.59M | 236.00M | 290.50M | 115.43M | 164.46M |
| Tax provision | 69.84M | 62.09M | 70.53M | 14.60M | 24.49M |
| Net income | 232.75M | 173.91M | 219.97M | 100.84M | 139.97M |
| Basic EPS | 1.41 | 1.04 | 1.31 | 0.60 | 0.84 |
| Diluted EPS | 1.40 | 1.04 | 1.31 | 0.60 | 0.83 |
| Basic average shares | 164.72M | 166.87M | 167.93M | 166.97M | 166.04M |
| Diluted average shares | 164.72M | 166.87M | 167.93M | 166.97M | 166.04M |
| EBITDA | 411.71M | 333.93M | 334.95M | 171.79M | 259.44M |
| Net income from continuing op. | 232.75M | 173.91M | 219.97M | 100.84M | 139.97M |
| Minority interests | -365,000 | — | — | -734,000 | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2.71B | 2.53B | 2.56B | 2.31B | 2.09B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 289.47M | 221.39M | 319.97M | 286.08M | 230.43M |
| Other short term investments | 162.09M | 125.97M | 341.08M | 309.08M | 201.79M |
| Accounts receivable | 242.49M | 217.53M | 232.91M | 183.69M | 213.40M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 59.71M | 54.86M | 33.20M | 29.49M | 29.09M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 27.89M | 35.93M | 25.55M | 27.50M | 42.12M |
| Non current assets | |||||
| Properties | 482.70M | 499.54M | 489.48M | 470.51M | 498.30M |
| Land and improvements | 106.65M | 106.28M | 106.13M | 105.71M | 105.71M |
| Machinery furniture equipment | 80.71M | 74.20M | 72.60M | 173.05M | 237.33M |
| Construction in progress | 20.33M | 24.19M | 23.10M | 9.28M | 18.47M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -870.33M | -823.02M | -777.64M | -886.15M | -950.88M |
| Goodwill | 1.12B | 1.14B | 346.97M | 343.31M | 277.35M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 283.01M | 312.33M | 14.25M | — | — |
| Investments and advances | 257.63M | 138.92M | 413.38M | 286.83M | 251.70M |
| Other non current assets | 341.09M | 326.98M | 292.29M | 418.85M | 354.82M |
| Total liabilities | 951.38M | 933.78M | 1.02B | 979.58M | 915.28M |
| Current liabilities | |||||
| Accounts payable | 116.94M | 114.65M | 127.07M | 123.16M | 116.57M |
| Accrued expenses | 321.85M | 300.62M | 312.78M | 258.25M | 232.71M |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 172.77M | 155.95M | 119.30M | 105.35M | 88.42M |
| Non current liabilities | |||||
| Long term debt | 42.91M | 59.12M | 63.61M | 52.70M | 55.14M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 44.31M | 37.06M | 48.33M | 52.65M | 47.40M |
| Shareholders equity | |||||
| Common stock | 17.78M | 17.71M | 17.68M | 17.61M | 17.50M |
| Retained earnings | 2.12B | 1.96B | 1.85B | 1.67B | 1.61B |
| Other shareholders equity | -352.86M | -357.85M | -383.20M | -410.18M | -494.98M |
| Total shareholders equity | 1.76B | 1.60B | 1.54B | 1.33B | 1.17B |
| Additional paid in capital | 301.29M | 255.52M | 230.12M | 216.71M | 208.03M |
| Treasury stock | 320.82M | 276.27M | 171.21M | 171.21M | 171.21M |
| Minority interest | — | 2.01M | 2.01M | 2.59M | 1.86M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 232.75M | 173.91M | 219.97M | 100.84M | 139.97M | 127.46M | 6.84M | 23.83M | 62.84M | 32.31M | 64.86M | 136.01M | -38.20M | 108.72M | 19.90M | -57.34M | 208.70M | -543.44M | 253.47M | 287.63M | 302.66M | 299.75M | 444.67M | 397.54M | 310.18M | 286.63M | 262.30M | 84.50M | 135.90M | 213.30M | 6.10M | -11.30M | 47.00M | 64.80M | 266.60M |
| Depreciation | 95.35M | 92.58M | 66.99M | 70.70M | 68.05M | 59.01M | 61.87M | 61.72M | 61.60M | 79.46M | 85.48M | 103.78M | 116.45M | 120.95M | 133.78M | 144.41M | 189.56M | 169.85M | 143.77M | 142.53M | 147.75M | 153.35M | 194.01M | 227.97M | 197.49M | 188.24M | 173.90M | 147.90M | 139.00M | 154.30M | 128.80M | 107.90M | 72.40M | 126.20M | 99.00M |
| Deferred Taxes | — | — | -6.36M | -16.04M | -385,000 | 3.91M | 100.83M | -13.13M | -8.48M | 6.69M | 45.49M | 331,000 | 65.05M | 61.27M | 44.43M | -18.96M | -11.55M | -139.90M | -34.77M | -484,000 | 53.54M | 88.12M | -52.94M | -28.17M | -44.63M | -2.01M | -26.60M | -6.00M | -9.20M | -33.70M | -37.90M | -18.20M | 8.70M | -2.80M | 134.60M |
| Stock-Based Compensation | 54.78M | 35.31M | 22.22M | 14.44M | 12.95M | 12.96M | 14.81M | 12.43M | 10.59M | 8.88M | 8.74M | 4.69M | 8.50M | 7.03M | 11.25M | 15.43M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 2.28M | 3.82M | 6.85M | -516,000 | -2.76M | 1.28M | 2.99M | 21.04M | 11.49M | 12.83M | 11.54M | 13.41M | 4.04M | 5.61M | 19.07M | 211.29M | 45.77M | 874.21M | 46.56M | 5.02M | — | — | — | — | -200,000 | 47.60M | 54.00M | 39.60M | -43.90M | -100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 200,000 |
| Accounts Receivable | -24.96M | 20.89M | -49.22M | 29.71M | 9.06M | -37.58M | 12.47M | 9.83M | 5.51M | -10.17M | 3.15M | 5.13M | 12.60M | 39.83M | 52.82M | 42.09M | -62.78M | 37.49M | -35.09M | -3.42M | -4.25M | -40.03M | 5.20M | 28.33M | -38.74M | -646,000 | -29.20M | -24.20M | -32.80M | -18.60M | -21.60M | 400,000 | -2.40M | -7.90M | -10.50M |
| Accounts Payable | -7.32M | -111.22M | 39.70M | 8.47M | -13.20M | 20.49M | 10.01M | -32.28M | -22.83M | -33.91M | -83.07M | 18.43M | -97.01M | -20.14M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 25.11M | -20.38M | 8.97M | 25.89M | 5.40M | 36.22M | -13.79M | 14.60M | 25.04M | 1.15M | 4.43M | 6.25M | 2.75M | -9.62M | 21.74M | 4.23M | -63.66M | -2.32M | 45.28M | 14.09M | 20.46M | -113.31M | 240.89M | 19.46M | 100.82M | 50.28M | -12.20M | 79.10M | 89.30M | -10.10M | 88.90M | 400,000 | 22.50M | 17.10M | 70.70M |
| Operating Cash Flow | 377.99M | 194.91M | 309.12M | 233.49M | 219.07M | 223.75M | 196.03M | 98.05M | 145.76M | 97.24M | 140.61M | 288.03M | 74.17M | 313.66M | 302.98M | 341.15M | 306.04M | 395.88M | 419.22M | 445.36M | 520.14M | 387.88M | 831.83M | 645.13M | 524.91M | 570.09M | 422.20M | 320.90M | 278.30M | 305.10M | 164.40M | 79.30M | 148.30M | 197.50M | 560.60M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | 11.17M | 2.27M | 26.54M | — | -380.30M | -332.31M | -38.17M | -188.45M | -120.90M | -160.69M | 346.31M | -190.41M | -67.07M | -57.92M | -113.00M | -194.40M | -164.60M | 112.90M | -75.70M | 20.90M | -39.70M | -100.80M | 192.50M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | -515.59M | — | -33.09M | — | — | — | -40.41M | — | — | 68.59M | 456.16M | — | — | 45.42M | -5.74M | 532.18M | -35.75M | -437.52M | — | -65.06M | -176.90M | -2.64M | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -286.45M | -8.48M | -763.43M | -632.36M | -572.34M | -470.49M | -466.52M | -566.85M | -818.87M | -777.95M | -860.85M | -439.70M | -279.72M | -29.97M | -1.34M | — | — | — | -19.22M | — | — | — | — | — | — | — | — | — | -39.40M | -88.40M | -65.10M | — | — | — | — |
| Sale of Investments | 144.67M | 484.98M | 613.54M | 497.97M | 707.63M | 434.01M | 548.46M | 725.37M | 818.26M | 506.71M | 447.35M | 409.73M | 204.85M | — | — | 12.22M | — | 100.00M | — | — | — | — | — | — | — | — | — | — | 39.40M | 88.40M | 65.10M | — | — | — | — |
| Investing Cash Flow | -137.02M | -36.60M | -146.17M | -164.63M | 138.65M | -23.61M | 98.85M | 154.56M | -3.74M | -289.37M | -336.72M | 681.70M | 37.80M | -4.69M | 59.13M | 3.70M | 148.25M | -288.66M | -495.51M | -192.15M | -245.93M | -360.91M | 337.37M | -194.96M | -82.86M | -56.17M | -119.10M | -421.70M | -253.60M | 112.20M | -226.20M | -5.80M | -13.30M | -97.00M | 77.50M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | — | — | — | 220.25M | 221.32M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — | -252.56M | -552,000 | -552,000 | -189.77M | -223.65M | -38.86M | -19.96M | -81.58M | -250.59M | -592,000 | -738.47M | -161.30M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -18.69M | -12.46M | -12.06M | -12.61M | -15.65M | -10.49M | -4.06M | -6.44M | -1.45M | 1.21M | 1.65M | — | — | — | 210.50M | 3.84M | 66.26M | 45.14M | 6.80M | -12.53M | 46.88M | 23.13M | 18.54M | — | -100,000 | 100,000 | 400,000 | 100,000 | — | 1.10M | — | -200,000 | -100,000 | -200,000 | — |
| Financing Cash Flow | -132.71M | -174.31M | -54.95M | -44.97M | -295.29M | 3.82M | -26.02M | -237.02M | -217.96M | -61.39M | -19.26M | -80.85M | -250.23M | 220.67M | -686.69M | -192.98M | -62.79M | -91.25M | -130.75M | -354.78M | -213.96M | -119.85M | -649.85M | -618.48M | -467.87M | -543.15M | -225.90M | -98.70M | -102.40M | -287.40M | -282.40M | -53.10M | -32.50M | -100.60M | -98.00M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 303.17M | 235.17M | 334.31M | 301.96M | 247.52M | 259.80M | 200.94M | 125.55M | 105.78M | 176.61M | 482.75M | 820.49M | 175.15M | 369.67M | 36.52M | 56.78M | 51.53M | 72.36M | 44.93M | 42.39M | 39.45M | 36.96M | 51.95M | 69.04M | 63.86M | 35.99M | 106.80M | — | — | — | — | — | — | — | — |
| Income Tax Paid | 71.81M | 110.16M | 66.44M | 24.38M | 30.41M | — | 21.55M | 44.90M | 21.08M | — | — | — | — | — | 23.69M | 27.49M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 708,000 | 1.58M | 546,000 | 508,000 | 28.05M | 28.13M | 27.73M | 39.49M | 41.45M | — | — | — | — | — | 68.98M | 50.09M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 337.95M | 113.73M | 234.46M | 263.48M | 144.46M | 79.63M | 1.96M | 73.78M | 152.11M | 45.14M | 17.91M | 44.42M | 29.04M | 119.76M | 205.71M | 79.45M | -269.63M | 90.02M | 72.97M | 255.59M | 345.39M | 112.60M | 380.87M | 208.28M | 522.59M | 415.32M | 299.50M | 214.70M | 94.50M | -4.60M | 99.60M | 108.90M | 161.40M | 113.30M | 22.00M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 5,249,297 | 293.38M | 3.22% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 4,905,498 | 274.17M | 3.01% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 3,887,224 | 217.26M | 2.38% |
| Price (T.Rowe) Mid Cap Growth Fund | Sep 30, 2024 | 3,335,200 | 186.40M | 2.04% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 2,631,283 | 147.06M | 1.61% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 2,439,116 | 136.32M | 1.49% |
| Vanguard Explorer Fund, Inc. | Oct 31, 2024 | 2,228,653 | 124.56M | 1.37% |
| Price (T.Rowe) Small-Cap Value Fund | Sep 30, 2024 | 1,768,765 | 98.86M | 1.08% |
| Smallcap World Fund | Sep 30, 2024 | 1,500,000 | 83.83M | 0.92% |
| SPDR S&P Mid Cap 400 ETF Trust | Nov 30, 2024 | 1,325,250 | 74.07M | 0.81% |
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The New York Times Company (NYT) Q4 2024 Earnings Call Transcript
The New York Times Company (NYSE:NYT ) Q4 2024 Earnings Conference Call February 5, 2025 8:00 AM ET Company Participants Anthony DiClemente - SVP, IR Meredith Kopit Levien - President and CEO Will Bardeen - EVP, CFO Conference Call Participants Benjamin Soff - Deutsche Bank Thomas Yeh - Morgan Stanley David Karnovsky - JP Morgan Kutgun Maral - Evercore ISI Vasily Karasyov - Cannonball Research Doug Arthur - Huber Research Partners Operator Good morning. And welcome to The New York Times Company's Fourth Quarter and Full Year 2024 Earnings Conference Call [Operator Instructions].
Feb 5, 2025
