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The New York Times Company's (NYT) second-quarter 2024 results reflect an increase in subscription revenues. Management envisions third-quarter subscription revenues to ascend about 7-9%.
Shares of the New York Times Co. (NYT) surged in intraday trading Wednesday after the media outlet's second-quarter results beat estimates as its surpassed 10 million digital subscribers for the first time.
The headline numbers for New York Times (NYT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
New York Times Co. (NYT) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.38 per share a year ago.
New York Times Co. on Tuesday reported second-quarter earnings that topped analyst estimates, helped by an increase of 300,000 digital-only subscribers during the quarter.
The New York Times beat Wall Street expectations for second-quarter subscription revenue on Wednesday, helped by robust demand for its bundled content offerings.
New York Times' stock (NYSE: NYT), a diversified media company that includes newspapers, internet businesses, television, and radio stations, is scheduled to report its Q2 2024 results on Wednesday, August 7. We expect NYT stock to likely trade lower with revenues and earnings missing consensus expectations marginally for its second-quarter results.