The New York Times Company released its fourth-quarter and full-year 2024 financial results on February 4, 2025. For the full year 2024, the company reported total revenue of $2.59 billion, representing a 7.8% increase from fiscal year 2023, with full-year EPS beating expectations.
However, the company's forecast for first-quarter 2025 subscription revenue growth was projected to be between 7% and 10%, which fell below analysts' average estimate of 9.9%. This guidance signaled growing competition in attracting new subscribers and raised questions among analysts regarding promotional spending.
The market reacted to the guidance, with the company's stock experiencing a decline as investors processed the outlook. Despite the strong full-year performance, the lower-than-expected subscription revenue forecast for the upcoming quarter indicated potential headwinds in the competitive digital subscription market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.