The New York Times Co
August 8, 2023
We don’t think that anyone doubts at this point that the company successfully transformed its business model to digital and that the digital-only subscribers goal is doable. The success of this transition was a bull…
August 8, 2023
Digital-only subs only slightly worse than expected but ad revenue and Ebitda well ahead, digital-only ARPU up Q/Q and Y/Y as expected plus a solid guidance for Q3. Looks like the stock should get credit…
May 10, 2023
We are updating our model to reflect Q1 results and the guidance for Q2. Our estimates for Q2 FY23 are: 9,226K digital-only subs at quarter end Digital-only subscription revenue of $271m Total subscription revenue of…
May 10, 2023
Worse than expected digital advertising revenue and continued Y/Y decline in Q2 is where bears will probably focus today. On the bright side, digital-only subs net adds seem to be run-rating at around 200K a…
April 27, 2023
We are updating our model ahead of Q1 report. Our revised12 month price target of 440 is based on 16x EV/FY25 Adjusted Ebitda; we maintain Neutral rating. Our estimates for Q1 FY23 are: 9,053 digital-only…
February 8, 2023
Cannonball Research is hosting an in-person Group Meeting with New York Times (NYT) on Wednesday, February 22nd in New York. Participating Management: Meredith Kopit Levien – President & CEO, Roland Caputo – EVP & CFO,…
February 8, 2023
Financial metrics came in better than expected across the board, but total digital-only subs were below our expectations. We see the results as solid. Bears were most probably looking for a miss in digital advertising…
January 23, 2023
Cannonball Research is hosting an in-person Group Meeting with New York Times (NYT) on Wednesday, February 22nd in New York. Participating Management: Meredith Kopit Levien – President & CEO, Roland Caputo – EVP & CFO,…