As NY Times adds subscribers, company splits bounty with shareholders

Dow Jones

Feb 05

MW As NY Times adds subscribers, company splits bounty with shareholders

By Steve Gelsi

Media company's Q4 subscribers reach 11.43 million, while it hikes its dividend by 38% and sets stock buyback

The New York Times Co. boosted its quarterly dividend by 38% as it split the bounty of its quarterly subscription growth with its shareholders.

The New York Times stock $(NYT)$ rose 3% after it said it would hike its quarterly dividend by 5 cents a share to 18 cents a share and buy back up to $350 million in stock, as subscribers surged.

New York Times Chief Executive Meredith Kopit Levien said the company has "confidence that we can deliver another year of healthy growth in subscribers, revenue and profitability."

The news gathering, recipe and word game company said it added 350,000 net digital-only subscribers during the fourth quarter, to bring its total to 11.43 million. Digital-only subscribers of 10.82 million narrowly beat the FactSet consensus estimate of 10.81 million.

Adjusted operating profit margin increased by 0.7% to 23.5%.

Fourth-quarter adjusted earnings of 80 cents a share beat the FactSet consensus estimate of 75 cents a share, while revenue of $726.6 million was just shy of the analyst expectation of $726.8 million.

-Steve Gelsi

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 05, 2025 08:48 ET (13:48 GMT)

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Digital-only subscribers of 10.82 million narrowly beat the FactSet consensus estimate of 10.81 million. \n</p>\n<p>\n     Adjusted operating profit margin increased by 0.7% to  23.5%. \n</p>\n<p>\n     Fourth-quarter adjusted earnings of 80 cents a share beat the FactSet consensus estimate of 75 cents a share, while revenue of $726.6 million was just shy of the analyst expectation of $726.8 million. \n</p>\n<p>\n     -Steve Gelsi \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2025 08:48 ET (13:48 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4532","symbol_name":"文艺复兴科技持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509289573","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509289573","pubTimestamp":1738763280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Media company's Q4 subscribers reach 11.43 million, while it hikes its dividend by 38% and sets stock buyback. 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Digital-only subscribers of 10.82 million narrowly beat the FactSet consensus estimate of 10.81 million.Adjusted operating profit margin increased by 0.7% to  23.5%.Fourth-quarter adjusted earnings of 80 cents ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4532":"文艺复兴科技持仓","NYT":"纽约时报","BK4111":"出版"},"translate_title":"随着《纽约时报》订阅者的增加，公司与股东分享奖金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NYT":0.9},"content_text":"MW As NY Times adds subscribers, company splits bounty with shareholders\n\n\n  By Steve Gelsi \n\n\n     Media company's Q4 subscribers reach 11.43 million, while it hikes its dividend by 38% and sets stock buyback \n\n\n     The New York Times Co. boosted its quarterly dividend by 38% as it split the bounty of its quarterly subscription growth with its shareholders. \n\n\n     The New York Times stock $(NYT)$  rose  3% after it said it would hike its quarterly dividend by 5 cents a share to 18 cents a share and buy back up to $350 million in stock, as subscribers surged. \n\n\n     New York Times Chief Executive Meredith Kopit Levien said the company has \"confidence that we can deliver another year of healthy growth in subscribers, revenue and profitability.\" \n\n\n     The news gathering, recipe and word game company said it added 350,000 net digital-only subscribers during the fourth quarter, to bring its total to 11.43 million. Digital-only subscribers of 10.82 million narrowly beat the FactSet consensus estimate of 10.81 million. \n\n\n     Adjusted operating profit margin increased by 0.7% to  23.5%. \n\n\n     Fourth-quarter adjusted earnings of 80 cents a share beat the FactSet consensus estimate of 75 cents a share, while revenue of $726.6 million was just shy of the analyst expectation of $726.8 million. \n\n\n     -Steve Gelsi \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. 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