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The New York Times Company to Post Q1 Earnings: Drivers to Note
ZACKS· 2025-05-05 14:35
Core Viewpoint - The New York Times Company (NYT) is expected to report a 6.9% increase in first-quarter 2025 revenues, driven by subscription growth and advertising trends [1][2]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for first-quarter revenues is $635.1 million, reflecting a 6.9% rise from the previous year [1]. - The consensus estimate for earnings per share (EPS) is 35 cents, indicating a 12.9% increase year-over-year [2]. Subscription Growth - NYT's focus on subscription growth and digital innovation has been crucial, with total subscription revenues projected to increase by 7-10% year-over-year [4]. - The consensus estimate for subscription revenues is $466.6 million, suggesting an 8.8% growth, while digital-only subscription revenues are expected to reach $338.9 million, indicating a 15.7% increase [4]. Subscriber Base Expansion - The digital-only subscriber count is anticipated to reach 11.1 million by the end of Q1 2025, enhancing NYT's market position for advertisers [5]. Digital Advertising Trends - NYT is reducing reliance on traditional advertising, with digital advertising revenues expected to grow by 9.1%, estimated at $68.8 million [6]. Challenges Faced - Print subscription revenues are projected to decline by 6.2% to $127.6 million, and print advertising revenues are expected to fall by 13.4% to $35.2 million [7]. - Increased spending on product development and marketing may impact margins, with adjusted operating costs expected to rise by 5-6% [7]. Earnings Prediction Model - The Zacks model does not predict an earnings beat for NYT, as it holds a Zacks Rank 3 and an Earnings ESP of 0.00% [8].
Mynd.ai Announces CEO Transition
Prnewswire· 2025-04-09 20:05
Core Insights - Mynd.ai, Inc. announced the resignation of CEO Vin Riera effective April 11, 2025, after eight years of leadership, with Arthur Giterman appointed as the new CEO and continuing as CFO [1][3][4] Company Leadership Transition - Vin Riera has been with Mynd since 2017 and has significantly contributed to the company's market-leading position through digital innovation [3] - Arthur Giterman, who joined as CFO in 2023, is recognized for his financial, operational, and strategic expertise, and is expected to lead the company into its next phase of growth [3][4] Company Overview - Mynd is a Seattle-based leader in interactive technology, providing hardware and software solutions that enhance teaching, learning, and communication [6] - The company operates in over 126 countries, with its products present in more than 1 million learning and training spaces, supported by a global network of over 4,000 reseller partners [6]