New York Times Co. - Ordinary Shares - Class A

NYSE:NYT   3:59:59 PM EDT
33.06
+0.51 (+1.57%)
Other Pre-Announcement

The New York Times Company Reports 2022 First-Quarter Results

Published: 05/04/2022 12:37 GMT
New York Times Co. - Ordinary Shares - Class A (NYT) - The New York Times Company Reports 2022 First-quarter Results.
First-quarter 2022 Diluted Earnings per Share From Continuing Operations of $.
03.
Adjusted Diluted Earnings per Share From Continuing Operations Was $.
19 in the First Quarter of 2022.
Total Revenues for the First Quarter of 2022 Increased 13.6 Percent to $537.4 Million.
Qtrly Subscription Revenues Increased 13.0 Percent to $372.0 Million.
Qtrly Advertising Revenues Increased 19.7 Percent to $116.3 Million.
New York Times - Ended Q1 With About 9,108,000 Paid Subscribers With About 10,390,000 Paid Subscriptions Across Its Print and Digital Products.
Of 9,108,000 Subscribers at Quarter-end, 8,328,000 Were Paid Digital-only Subscribers With 9,620,000 Paid Digital-only Subscriptions.
First-quarter 2022 Digital Advertising Revenue Increased 12.6 Percent and Print Advertising Revenue Increased 30.9 Percent.
Sees Q2 Total Subscription Revenues Increasing 12% - 14%.
Sees Q2 Digital-only Subscription Revenues Increase 23% - 27%.
Sees Q2 Total Advertising Revenues Increase Mid Single Digits.
Sees Q2 Digital Advertising Revenues Increasing Low Single Digits.
Q1 Earnings per Share View $0.18, Revenue View $546.0 Million -- Refinitiv Ibes Data (analyst estimates).