The New York Times Earnings: Q4 CY2024 in Line with Expectations
Key Results:
* Revenue: $726.6 million, meeting analysts' estimates
* Adjusted EPS: $0.80, exceeding consensus by 6.3%
* Adjusted EBITDA: $167.7 million, slightly below estimates
* Subscribers: 10.82 million, missing expectations
* Revenue growth: 7.5% year-over-year, aligned with analyst forecasts
Company Overview:
Founded in 1851, The New York Times (NYSE: NYT) is a prominent media organization with a renowned newspaper and extensive digital platforms.
Sales Growth:
* Annualized revenue growth of 7.4% over the past five years
* Recent annualized revenue growth of 5.8% over two years
* Subscriber count has grown 8.1% year-over-year in the past two years
Cash Flow:
* Free cash flow margin averaged 14.4% over the past two years
* Q4 free cash flow margin of 19.8%, in line with the previous year
Analyst Projections:
* Sell-side analysts anticipate 6.6% revenue growth over the next 12 months
Key Insights:
* The New York Times' EPS beat estimates, while subscriber growth missed expectations.
* The company's cash profitability remains strong.
* Analyst projections suggest modest revenue growth in the near future.