The New York Times Company is a media organization primarily known for its flagship publication, The New York Times, which offers in-depth news coverage, analysis, and commentary across a range of topics including politics, culture, technology, and lifestyle. In addition to its print newspaper, the company has a significant digital presence, providing various online subscriptions, multimedia content, and innovative journalism formats. The New York Times Company also engages in other media ventures, such as podcasts and newsletters, aiming to deliver high-quality, trustworthy information to a global audience while adapting to changing consumer behavior in the digital age.
Shares of newspaper and digital media company The New York Times (NYSENYT)
fell 11.1% in the afternoon session after the company reported weak fourth quarter results. Its subscriber count fell below Wall Street's expectations, leading to revenue falling roughly in line with expectations. The company's guidance for Q1 2025 forecasts continued double-digit digital subscription revenue growth, but total advertising revenue could range from a slight decline to a small increase, indicating some uncertainty in ad performance. Overall, this quarter was weak.
Newspaper and digital media company The New York Times (NYSENYT) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.5% year on year to $726.6 million. Its non-GAAP profit of $0.80 per share was 6.3% above analysts’ consensus estimates.
Wall Street rose on Wednesday, with all major equity indices advancing as investors assessed the latest batch of corporate earnings and drew optimism from positive labor market data.
Newspaper and digital media company The New York Times (NYSENYT)
will be announcing earnings results tomorrow before market open. Here’s what investors should know.
Over the past six months, The New York Times’s shares (currently trading at $50.80) have posted a disappointing 5.2% loss, well below the S&P 500’s 2.5% gain. This may have investors wondering how to approach the situation.
Elon Musk agrees with Sam Altman and Jeff Bezos, who dismissed concerns about his political ties with President-elect Donald Trump, with Musk stating, "They are right" in response to their comments at the New York Times DealBook Summit.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the media industry, including The New York Times (NYSENYT) and its peers.
Cars.com has been treading water for the past six months, recording a small loss of 4.3% while holding steady at $18.50. The stock also fell short of the S&P 500’s 12.7% gain during that period.
Online new and used car marketplace Cars.com (NYSECARS) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3.1% year on year to $179.7 million. Its GAAP profit of $0.28 per share was 352% above analysts’ consensus estimates.
Shares of newspaper and digital media company The New York Times (NYSENYT)
fell 8% in the morning session after the company reported underwhelming third-quarter earnings. Its subscriber count missed, and its EBITDA fell short of Wall Street's estimates. Notably, the company added 260,000 digital-only subscribers, below expectations, a deceleration from the 300,000 additions recorded in the previous quarter.
Newspaper and digital media company The New York Times (NYSENYT) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 7% year on year to $640.2 million. Its non-GAAP profit of $0.45 per share was 8.9% above analysts’ consensus estimates.
New York Times (NYSENYT) shares are moving lower on Monday. The company reported third-quarter financial results before the open. In addition, hundreds of employees represented by the Times Tech Guild have reportedly gone on strike.
