New York Times Earnings Preview: What We Are Watching

The New York Times Company (NYSE:NYT) is scheduled to report its Q2 results on Thursday, July 28. In the first quarter, the company posted solid digital subscriber growth of 14% year-over-year (y-o-y), while print circulation was down just under 1% y-0-y due to secular headwinds. Meanwhile, a challenging environment for advertising led to a fall in both the print (-9% y-o-y) and digital (-1% y-o-y) advertising segments.

In line with these trends, the company expects its print circulation revenues to decline by 1% to 2% during the quarter, despite the increase in home delivery prices. The overall growth in circulation revenues is likely to be driven primarily by digital subscription revenues. Moreover, NYT expects 10 to 15 million net digital subscription additions to its Crossword product, which is now reported under circulation revenues. However, the advertising segment is expected to continue seeing declines.

Have more questions about New York Times? Click on the links below

• What’s NYT’s Revenue And Gross Margin Breakdown In Terms Of Operating Segments?
• How Has NYT’s Revenue Composition Changed Over The Past 5 Years?
• How Has NYT’s Revenue And EBITDA Changed In The Last Five Years?
• How Is NYT Expected To Grow In The Next Five Years?