NY Times’ Stock To Likely See Little Movement Post Q2

New York Times’ stock (NYSE: NYT), a diversified media company that includes newspapers, internet businesses, television, and radio stations, is scheduled to report its Q2 2023 results on Tuesday, August 8. We expect NYT stock to likely see little to no movement with both revenues and earnings matching consensus expectations for its second-quarter results. The company continues to wrestle with the industry-wide slowdown in digital advertising and a decline in print revenues, due to a tough macro climate. For the upcoming Q2 results, NYT sees digital-only subscription revenue rising to about 12% to 15% year-over-year (y-o-y), and total subscription revenue up 6% to 8%. The digital ad revenues and the larger total ad revenues are expected to decline by low-to-mid single-digits. In addition, its operating costs in Q2 are also expected to increase by 6% to 8%.

Our forecast indicates that NY Times’ valuation is $39 per share, almost matching the current market price. Look at our interactive dashboard analysis on New York Times Earnings Preview: What To Expect in Fiscal Q2? for more details.