Subo los highlights del briefing de hoy sobre los negocios del New York Times en el tercer trimestre de 2023. Aquí la nota en el periódico.
• The Company added approximately 210,000 net digital-only subscribers compared with the end of the second quarter of 2023, fueled by bundle and multi-product subscriber additions, bringing the Company’s total subscribers over the 10 million mark
• Total digital-only average revenue per user (“ARPU”) grew quarter-over-quarter for the fifth consecutive quarter to $9.28 as a result of subscribers graduating from promotional to higher prices and from price increases on tenured non-bundle subscribers
• Higher digital subscribers and ARPU drove strong year-over-year growth in subscription revenues from digital products of 15.7 percent
• Advertising revenues increased 6.0 percent year-over-year, driven by digital advertising revenues, which grew 6.7 percent year-over-year due to continued strength in core premium display advertising products
• Operating costs increased 7.7 percent year-over-year and adjusted operating costs (defined below) increased 6.2 percent, largely as a result of continued investments into journalism and product development, which are core growth drivers of the business
• Operating profit of $63.6 million, a 24.6 percent increase year-over-year, with adjusted operating profit (defined below) of $89.8 million, a 30.1 percent increase year-over-year, driven by revenue growth as well as cost management
• Diluted earnings per share of $.32, a $.10 increase year-over-year, with adjusted diluted earnings per share (defined below) of $.37, a $.13 increase year-over-year
• Net cash from operating activities for the first nine months of 2023 was $224.1 million and Free cash flow was $207.6 million compared with $57.2 million in 2022
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