New York Times Full Year 2024 Earnings: EPS Beats Expectations

New York Times (NYSE:NYT) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.59b (up 7.8% from FY 2023).
• Net income: US$293.8m (up 26% from FY 2023).
• Profit margin: 11% (up from 9.7% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.79 (up from US$1.41 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

New York Times EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Media industry in the US.

Performance of the American Media industry.

The company's shares are down 8.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of New York Times' balance sheet and an in-depth analysis of the company's financial position.

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