Should You Invest in NYT Stock After a 25% Rise in Six Months?

Core Insights - The New York Times Company (NYT) has shown strong performance over the past six months, driven by subscriber growth and a focus on digital media [1][2] - NYT stock has increased by 25.4%, outperforming industry benchmarks and the S&P 500 [1] - The stock is currently trading at $53.95, close to its 52-week high of $56.49 [1] Subscriber Growth - NYT's subscriber base reached approximately 10.84 million, with 10.21 million being digital-only subscribers [4] - The company added 300,000 net new digital-only subscribers in the last quarter, indicating a steady growth trajectory [4] Revenue Performance - Subscription revenues totaled $439.3 million, reflecting a year-over-year growth of 7.3% [5] - Digital-only subscription revenues increased by 12.9% to $304.5 million, driven by bundle and multiproduct revenues [5] - The average revenue per user (ARPU) for digital-only subscribers rose to $9.34, up from $9.15 year-over-year [5] Future Projections - NYT expects subscription revenues to grow by 7-9% in Q3 2024, with digital-only revenues projected to increase by 12-15% [6] - The Zacks Consensus Estimate for earnings has increased by 6.1% and 5.1% for the current and next fiscal years, respectively [7]