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Compared to Estimates, New York Times (NYT) Q4 Earnings: A Look at Key Metrics
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For the quarter ended December 2023, New York Times Co. (NYT - Free Report) reported revenue of $676.22 million, up 1.3% over the same period last year. EPS came in at $0.70, compared to $0.59 in the year-ago quarter.
The reported revenue represents a surprise of -0.68% over the Zacks Consensus Estimate of $680.88 million. With the consensus EPS estimate being $0.60, the EPS surprise was +16.67%.
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: 9,700 versus the two-analyst average estimate of 9,604.
Total subscriptions Digital & Print: 10,360 versus 10,264 estimated by two analysts on average.
Total digital-only ARPU: $9.24 versus the two-analyst average estimate of $9.32.
Print subscriptions: 660 compared to the 660 average estimate based on two analysts.
Total digital-only subscription revenues: $288.67 million versus $291.14 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.
Advertising Revenues- Total Digital: $107.67 million versus $113.58 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.7% change.
Advertising Revenues- Total Print: $56.41 million versus $62.87 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -16.2% change.
Revenue- Other: $81.69 million versus the two-analyst average estimate of $74.43 million. The reported number represents a year-over-year change of +10%.
Subtotal print subscription revenues: $141.77 million versus the two-analyst average estimate of $138.14 million. The reported number represents a year-over-year change of -2.2%.
Revenue- Advertising: $164.08 million compared to the $176.45 million average estimate based on two analysts. The reported number represents a change of -8.4% year over year.
Revenues- Subscription: $430.44 million versus the two-analyst average estimate of $429.28 million. The reported number represents a year-over-year change of +4%.
Shares of New York Times have returned +2.2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, New York Times (NYT) Q4 Earnings: A Look at Key Metrics
For the quarter ended December 2023, New York Times Co. (NYT - Free Report) reported revenue of $676.22 million, up 1.3% over the same period last year. EPS came in at $0.70, compared to $0.59 in the year-ago quarter.
The reported revenue represents a surprise of -0.68% over the Zacks Consensus Estimate of $680.88 million. With the consensus EPS estimate being $0.60, the EPS surprise was +16.67%.
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: 9,700 versus the two-analyst average estimate of 9,604.
- Total subscriptions Digital & Print: 10,360 versus 10,264 estimated by two analysts on average.
- Total digital-only ARPU: $9.24 versus the two-analyst average estimate of $9.32.
- Print subscriptions: 660 compared to the 660 average estimate based on two analysts.
- Total digital-only subscription revenues: $288.67 million versus $291.14 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.
- Advertising Revenues- Total Digital: $107.67 million versus $113.58 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.7% change.
- Advertising Revenues- Total Print: $56.41 million versus $62.87 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -16.2% change.
- Revenue- Other: $81.69 million versus the two-analyst average estimate of $74.43 million. The reported number represents a year-over-year change of +10%.
- Subtotal print subscription revenues: $141.77 million versus the two-analyst average estimate of $138.14 million. The reported number represents a year-over-year change of -2.2%.
- Revenue- Advertising: $164.08 million compared to the $176.45 million average estimate based on two analysts. The reported number represents a change of -8.4% year over year.
- Revenues- Subscription: $430.44 million versus the two-analyst average estimate of $429.28 million. The reported number represents a year-over-year change of +4%.
View all Key Company Metrics for New York Times here>>>Shares of New York Times have returned +2.2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.