New York Times (NYT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Group 1 - New York Times Co. reported $594.02 million in revenue for Q1 2024, a year-over-year increase of 5.9% and an EPS of $0.31 compared to $0.19 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $590.64 million by +0.57%, while the EPS surprise was +72.22% against the consensus estimate of $0.18 [1] - Key metrics such as digital subscriptions and advertising revenues provide deeper insights into the company's performance beyond headline numbers [1] Group 2 - Total digital-only subscriptions reached 9,910, slightly above the estimated 9,893, while total subscriptions (digital & print) were 10,550, below the estimate of 10,717 [2] - Digital-only subscription revenues were $293 million, exceeding the average estimate of $291.95 million, representing a year-over-year change of +13.2% [2] - Total digital advertising revenues were $63.03 million, slightly below the estimate of $64.03 million, with a year-over-year increase of +2.9% [2] - Print advertising revenues were $40.69 million, surpassing the estimate of $37.74 million, but showed a year-over-year decline of -9.5% [2] - Subscription revenues totaled $429.01 million, slightly above the estimate of $428.84 million, reflecting a year-over-year increase of +7.9% [2] Group 3 - New York Times shares have returned +6.3% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]