The New York Times Co
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,…