The New York Times Company Reports Third-Quarter 2024 Results

Meredith Kopit Levien, president and chief executive officer, The New York Times Company, said, “The third quarter was another strong one for The Times as we made further progress toward becoming the essential subscription for every curious person seeking to understand and engage with the world. We passed 11 million total subscribers in the quarter, more than five million of whom now subscribe to the bundle or multiple products. Our world-class news coverage and premium lifestyle products meet complementary user needs, and drive revenue growth across subscriptions, advertising, affiliate and licensing. We believe that portfolio, and our ability to keep adding value to it over time, is what makes The Times resilient in a changing media landscape, and well-positioned to become a larger, more profitable company.”

Key Highlights

  • The Company added approximately 260,000 net digital-only subscribers compared with the end of the second quarter of 2024 bringing the total number of subscribers to 11.09 million.
  • Growth in both digital subscribers and ARPU drove a year-over-year increase in digital subscription revenues of 14.2 percent.
    details at: https://s23.q4cdn.com/152113917/files/doc_news/2024/11/Q3-24-Press-Release-Final-for-Distribution-OmzI43bT.pdf
Related Posts

Macy’s Accelerates the Growth of Its Off-Mall, Small-Format Strategy

Macy’s announced that, as part of its Polaris strategy, the company will open four new off-mall, small-format stores this fall. The locations will include Market by Macy’s, a smaller store that offers customers more to love with its curated assortment of the latest fashion trends, as well as the first-ever dual Market by Macy’s and Macy’s Backstage off-price location. “At Macy’s, we thrive on retail being a dynamic business requiring continuous analysis, reinvention and innovation. As customer preferences and buying behaviors change, we continue to evolve to deliver the experience our customers expect,” said Marc Mastronardi, Chief Stores Officer at Macy’s. “As exciting brand extensions, Market by Macy’s and Macy’s Backstage each offer unique shopping experiences – one celebrates discovery and convenience, while the other appeals to the customer who loves the thrill of the hunt for a great value.”

JCPenney Provides Holiday Sales Performance Update

J. C. Penney Company, Inc. announced that its comparable store sales for the combined nine-week period ending December 30, 2017 increased 3.4 % over the same period last year. The Company also reaffirmed all components of its most recent full-year financial guidance for fiscal 2017. "We are very encouraged with our overall comp sales performance during the holiday season, which was led by home, beauty and fine jewelry. Additionally, our apparel categories continue to demonstrate improved comp performance, particularly in women's and kids. We are also pleased by our e-commerce business that continues to outpace prior year results with double-digit sales growth, largely driven by sought-after gifting categories such as fine jewelry, home decor and luggage, toys, boots and athletic footwear. Our ability to execute e-commerce fulfillment from 100% of our brick and mortar stores helped fuel the growth in e-commerce for the holiday season. We remain confident that our strategic initiatives are taking hold and resonating with customers," said Marvin R. Ellison, chairman and chief executive officer of JCPenney. Click Read More below for additional information.

Strong Performance Continues Across All Mail Categories

Through the first three weeks of the third quarter, the average time for delivery of a mailpiece across the postal network was 2.4 days. Third quarter service performance scores covering April 1 through April 22 included: *First-Class Mail: 93.4 percent of First-Class Mail delivered on time against the USPS service standard, an increase of 5.5 percentage points from the fiscal second quarter. *Marketing Mail: 94.9 percent of Marketing Mail delivered on time against the USPS service standard, an increase of 2.8 percentage points from the fiscal second quarter. *Periodicals: 87.0 percent of Periodicals delivered on time against the USPS service standard, an improvement of 5.5 percentage points from the fiscal second quarter.
Back To Top
×Close search
Search