New York Times (NYT) FY Conference Summary Company Overview - **Company**: New York Times (NYT) - **Event**: FY Conference held on May 14, 2025 Key Points Strategic Vision and Growth Plans - The New York Times aims to be the essential subscription product for global engagement, focusing on three pillars: news, lifestyle products, and a multi-product bundle for accessibility [3][4][5] - The company is confident in its growth potential across various segments, emphasizing the importance of adding value to its product portfolio [5][6][8] Audience Engagement - The NYT has a significant audience, with 50 to 100 million weekly visitors, including 50 million registered users [9][10] - Engagement is a priority, with a focus on both subscriber and prospect engagement to drive retention and conversion [12][13] Content Diversification - The company is increasing its focus on video and audio content, with substantial growth in engagement in these areas [19][22] - The NYT is leveraging its journalists to create more engaging content, enhancing trust and audience connection [23][24] Social Media Strategy - The NYT is strategically utilizing platforms like TikTok and Instagram to build brand equity and attract new audiences, while also driving traffic back to its own platform [25][26] Product Innovations - Recent redesigns of the core app and games app have improved user engagement and personalization features [29][33] - The NYT is focused on building category leadership in various segments, including cooking, sports, and games, which serve as entry points for new subscribers [35][36] Advertising and Revenue Growth - The NYT reported a 12% growth in digital advertising in Q1, with expectations for high single-digit growth in Q2 [57] - The company is confident in its advertising strategy, leveraging its diverse content offerings to attract a wide range of marketers [59][60] Resilience and Economic Sensitivity - The NYT has a robust multi-product portfolio that provides resilience against economic fluctuations, with multiple revenue streams including subscriptions, ads, and affiliate licensing [56] - The company is monitoring the macroeconomic environment but remains confident in its product value and engagement [55][56] Trust and Credibility - The NYT emphasizes its commitment to truth and transparency in journalism, which is crucial for maintaining trust with its audience [41][44] - Initiatives like reporter videos and expanded bylines are aimed at building trust and demonstrating the credibility of its reporting [45][46] Future Opportunities - The NYT sees ongoing opportunities for growth within its existing verticals and is open to exploring new areas, although it maintains a high bar for expansion [79][80] Financial Performance - The NYT is focused on sustainable growth in digital subscription revenue and has a well-honed pricing strategy to maximize value for subscribers [47][49] - The company is committed to cost discipline while investing in strategic areas like journalism and product development [78] Additional Insights - The NYT's approach to equity compensation for executives is designed to align with long-term value creation for shareholders [75][76] - The recent court ruling against Apple's commission structure is viewed positively, as it may facilitate more direct relationships with subscribers [70][71]

The New York Times Company (NYT) continued its decent performance in the first quarter of 2025. The company's adjusted earnings per share were 41 cents, which surpassed the Zacks Consensus Estimate of 35 cents. The figure marked an increase from the year-ago adjusted earnings of 31 cents. Total revenues of $635.9 million came marginally ahead of the Zacks Consensus Estimate of $635 million and increased 7.1% year over year. (See the Zacks Earnings Calendar to stay ahead of market-making news.)NYT added appr ...

Lee Enterprises (LEE) Q2 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Jared Marks - Vice President, FinanceKevin Mowbray - President and Chief Executive OfficerTimothy Millage - Vice President, Chief Financial Officer and Treasurer Operator Welcome to the Lee Enterprises twenty twenty five Second Quarter Webcast and Conference Call. The call is being recorded and will be available for replay at investors.lee.net. At the close of the plant remarks, there will be an opportunity for questio ...

Financial Data and Key Metrics Changes - The total operating revenue for the second quarter was $137 million, showing an improvement in trend from the first quarter despite the impact of a cyber incident [12] - The net loss for the quarter totaled $12 million, which included expenses associated with debt, even though payments were waived [22] - Free cash flow was minimal, but the company expects to be free cash flow positive in the second half of fiscal year 2025 due to significant changes in cost structure [22] Business Line Data and Key Metrics Changes - Total digital revenue grew 4% year over year on a same-store basis, with digital subscription revenue leading the way at a growth rate of 20% [9][13] - Amplified Digital agency revenue grew 9% year over year, contributing to the overall digital revenue growth [13] - The company executed approximately $40 million in annualized cost reductions in the second quarter, aimed at driving margin improvements [14] Market Data and Key Metrics Changes - Digital subscription revenue has grown 40% annually over the last three years, significantly outpacing the nearest industry competitor [8] - The company’s digital revenue has grown more than 17% annually since fiscal year 2021, translating to comparable annual growth in digital gross margin [12] Company Strategy and Development Direction - The company is committed to a digital transformation strategy, aiming for $450 million in digital revenue by 2028 [7] - The introduction of a suite of AI products is expected to accelerate digital revenue growth, with the first product, AI enablement, aimed at local businesses [10] - The focus remains on replacing print revenue with growing and profitable digital revenue to achieve long-term sustainability [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive sustainable growth and deliver long-term value to shareholders despite the challenges faced during the quarter [7] - The updated outlook reflects improved total digital revenue growth trends in the second half of the fiscal year, with expectations for year-over-year growth in adjusted EBITDA [19] Other Important Information - The cyber incident in February caused significant disruption, impacting operations and financial performance, but the company has since fully recovered [6][7] - The company has made considerable progress in paying down debt and remains committed to reducing debt going forward [16] Q&A Session Summary Question: Did the net loss of $12 million in the quarter include the interest deferral? When does the company expect to be free cash flow positive? - The net loss includes expenses associated with debt, even though payments were waived. The company expects to be free cash flow positive in the second half of fiscal year 2025 due to changes in cost structure and digital revenue outlook [22]

SECOND QUARTER FY2025 EARNINGS PILLAR 1 MAY 8, 2025 SAFE HARBOR The information provided in this presentation may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "aims", "anticipates," "plans," "expects," "intends," "will," "potential," "hope" and similar expressi ...

Core Viewpoint - Lee Enterprises reported a quarterly loss of $2.07 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.58, indicating a substantial earnings surprise of -256.90% [1] Financial Performance - The company posted revenues of $137.38 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 3.63% and down from $146.55 million a year ago [2] - Over the last four quarters, Lee Enterprises has consistently failed to surpass consensus EPS and revenue estimates [2] Stock Performance - Lee Enterprises shares have declined approximately 45.1% since the beginning of the year, contrasting with the S&P 500's decline of -4.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.13 on revenues of $147.46 million, and for the current fiscal year, it is -$3.58 on revenues of $587.63 million [7] - The trend of earnings estimate revisions is mixed, which could change following the recent earnings report [6] Industry Context - The Publishing - Newspapers industry, to which Lee Enterprises belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a relatively strong position [8]

Total Digital Revenue(1) of $73M represented 53% of total revenue Digital-Only subscription revenue increased 20% YOY(2) Amplified Digital® Agency revenue totaled $25M, or up 9% YOY(2) DAVENPORT, Iowa, May 08, 2025 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE), a digital-first subscription platform providing high quality, trusted, local news, information and a major platform for advertising in 72 markets, today reported preliminary second quarter fiscal 2025 financial results(3) for the pe ...

New York Times (NYT) Q1 2025 Earnings Call May 07, 2025 08:00 AM ET Company Participants Anthony DiClemente - SVP - Investor RelationsMeredith Kopit Levien - President & CEOWilliam Bardeen - Executive VP & Chief Financial OfficerJason Bazinet - DirectorDouglas Arthur - Managing Director Conference Call Participants Benjamin Soff - AnalystThomas Yeh - AnalystDavid Karnovsky - Senior Research Analyst Operator Good morning, everyone, and welcome to the After today's presentation, there will be an opportunity t ...

New York Times (NYT) Q1 2025 Earnings Call May 07, 2025 08:00 AM ET Company Participants Anthony DiClemente - SVP - Investor RelationsMeredith Kopit Levien - President & CEOWilliam Bardeen - Executive VP & Chief Financial OfficerJason Bazinet - DirectorDouglas Arthur - Managing Director Conference Call Participants Benjamin Soff - AnalystThomas Yeh - AnalystDavid Karnovsky - Senior Research Analyst Operator Good morning, everyone, and welcome to the After today's presentation, there will be an opportunity t ...

New York Times (NYT) Q1 2025 Earnings Call May 07, 2025 09:00 AM ET Speaker0 Good morning, everyone, and welcome to the After today's presentation, there will be an opportunity to ask questions. Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Anthony DiClemente, Senior Vice President, Investor Relations. Please go ahead. Speaker1 Thank you, and welcome to The New York Times Company's first quarter twenty twenty five earnings conference call. On the call tod ...