Forecast Of The Day: The New York Times Digital Subscription Revenue

+10.77%
Upside
30.01
Market
33.24
Trefis
NYT: New York Times logo
NYT
New York Times

What?

The New York Times (NYSE:NYT) Digital Subscription Revenue rose from around $460 million in 2019 to about $600 million in 2020. Trefis expects the metric to rise to about $802 million in 2021 and to around $900 million by 2022.

Why?

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Growth is being driven by customers increasingly opting for the company’s digital-only offerings.

So What?

We don’t think the projected growth is fully priced into NYT stock. We estimate The New York Times Valuation to be around $51 per share which is 20% above the current market price. This represents a P/EBITDA multiple of 54x for the company based on our forecast for The New York Times EBITDA for the current fiscal year.

See Our Complete Analysis For The New York Times

 

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

Returns Jan 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 NYT Return -11% -11% 224%
 S&P 500 Return -2% -2% 108%
 Trefis MS Portfolio Return -7% -7% 264%

[1] Month-to-date and year-to-date as of 1/16/2022
[2] Cumulative total returns since the end of 2016

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