Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables present segment information:

	For the Quarters Ended						For the Six Months Ended
(In thousands)	June 30, 2024		June 30, 2023		% Change		June 30, 2024		June 30, 2023		% Change
Revenues
NYTG	$	585,156	$	560,494	4.4	%	$	1,142,551	$	1,093,276	4.5	%
The Athletic	40,504		30,359		33.4	%	77,686		58,316		33.2	%
Intersegment eliminations (1)	(563)		—		*		(1,125)		—		*
Total revenues	$	625,097	$	590,853	5.8	%	$	1,219,112	$	1,151,592	5.9	%
Adjusted operating profit (loss)
NYTG	$	107,102	$	99,969	7.1	%	$	191,848	$	165,256	16.1	%
The Athletic	(2,402)		(7,803)		(69.2)	%	(11,094)		(19,115)		(42.0)	%
Total adjusted operating profit	$	104,700	$	92,166	13.6	%	$	180,754	$	146,141	23.7	%
Less:
Other components of net periodic benefit costs/(income)	1,023		(684)		*		2,074		(1,369)		*
Depreciation and amortization	20,537		21,858		(6.0)	%	41,243		42,698		(3.4)	%
Severance	1,473		713		*		5,901		4,493		31.3	%
Multiemployer pension plan withdrawal costs	1,297		1,084		19.6	%	2,909		2,539		14.6	%
Generative AI Litigation Costs	1,983		—		*		2,972		—		*
Impairment charge	—		12,736		*		—		12,736		*
Add:
Interest income and other, net	8,696		4,517		*		17,083		7,690		*
Income before income taxes	$	87,083	$	60,976	42.8	%	$	142,738	$	92,734	53.9	%
(1) Intersegment eliminations (“I/E”) related to content licensing.
* Represents a change equal to or in excess of 100% or not meaningful.

Revenues detail by segment
	For the Quarters Ended						For the Six Months Ended
(In thousands)	June 30, 2024		June 30, 2023		% Change		June 30, 2024		June 30, 2023		% Change
NYTG
Subscription	$	410,015	$	385,037	6.5	%	$	811,386	$	759,193	6.9	%
Advertising	112,088		112,329		(0.2)	%	210,092		214,419		(2.0)	%
Other	63,053		63,128		(0.1)	%	121,073		119,664		1.2	%
Total	$	585,156	$	560,494	4.4	%	$	1,142,551	$	1,093,276	4.5	%
The Athletic
Subscription	$	29,307	$	24,553	19.4	%	$	56,941	$	47,939	18.8	%
Advertising	7,075		5,441		30.0	%	12,782		9,592		33.3	%
Other	4,122		365		*		7,963		785		*
Total	$	40,504	$	30,359	33.4	%	$	77,686	$	58,316	33.2	%
I/E (1)	$	(563)	$	—	*		$	(1,125)	$	—	*
The New York Times Company
Subscription	$	439,322	$	409,590	7.3	%	$	868,327	$	807,132	7.6	%
Advertising	119,163		117,770		1.2	%	222,874		224,011		(0.5)	%
Other	66,612		63,493		4.9	%	127,911		120,449		6.2	%
Total	$	625,097	$	590,853	5.8	%	$	1,219,112	$	1,151,592	5.9	%
(1) Intersegment eliminations (“I/E”) related to content licensing recorded in Other revenues.
* Represents a change equal to or in excess of 100% or not meaningful.