NEW YORK TIMES CO

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

NYT$72.58+0.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations for the years ended

	Years Ended
(In thousands)	December 31, 2024	December 31, 2023	December 31, 2022
	(52 weeks)	(52 weeks)	(52 weeks and five days)
Revenues
Subscription	$1,788,207	$1,656,153	$1,552,362
Advertising	506,311	505,206	523,288
Other	291,401	264,793	232,671
Total revenues	2,585,919	2,426,152	2,308,321
Operating costs
Cost of revenue (excluding depreciation and amortization)	1,309,514	1,249,061	1,208,933
Sales and marketing	278,425	260,227	267,553
Product development	248,198	228,804	204,185
General and administrative	307,930	311,039	289,259
Depreciation and amortization	82,936	86,115	82,654
Generative AI Litigation Costs	10,800	—	—
Acquisition-related costs	—	—	34,712
Impairment charges	—	15,239	4,069
Multiemployer pension plan liability adjustment	(2,980)	(605)	14,989
Total operating costs	2,234,823	2,149,880	2,106,354
Operating profit	351,096	276,272	201,967
Other components of net periodic benefit (costs)/income	(4,158)	2,737	(6,659)
Gain from joint ventures	—	2,477	—
Interest income and other, net	36,485	21,102	40,691
Income before income taxes	383,423	302,588	235,999
Income tax expense	89,598	69,836	62,094
Net income	293,825	232,752	173,905
Net income attributable to the noncontrolling interest	—	(365)	—
Net income attributable to The New York Times Company common stockholders	$293,825	$232,387	$173,905

P. 64 – THE NEW YORK TIMES COMPANY

	Years Ended
(In thousands, except per share data)	December 31, 2024	December 31, 2023	December 31, 2022
	(52 weeks)	(52 weeks)	(52 weeks and five days)
Average number of common shares outstanding:
Basic	164,425	164,721	166,871
Diluted	165,802	165,663	167,141
Basic earnings per share attributable to The New York Times Company common stockholders	$1.79	$1.41	$1.04
Diluted earnings per share attributable to The New York Times Company common stockholders	$1.77	$1.40	$1.04
Dividends declared per share	$0.52	$0.44	$0.36

THE NEW YORK TIMES COMPANY – P. 65

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.