Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables present segment information:

	For the Quarters Ended						For the Nine Months Ended
(In thousands)	September 30, 2024		September 30, 2023		% Change		September 30, 2024		September 30, 2023		% Change
Revenues
NYTG	$	596,028	$	563,903	5.7	%	$	1,738,578	$	1,657,179	4.9	%
The Athletic	44,713		34,442		29.8	%	122,400		92,758		32.0	%
Intersegment eliminations (1)	(563)		—		*		(1,688)		—		*
Total revenues	$	640,178	$	598,345	7.0	%	$	1,859,290	$	1,749,937	6.2	%
Adjusted operating profit (loss)
NYTG	$	101,543	$	97,654	4.0	%	$	293,390	$	262,911	11.6	%
The Athletic	2,638		(7,899)		*		(8,455)		(27,016)		(68.7)	%
Total adjusted operating profit	$	104,181	$	89,755	16.1	%	$	284,935	$	235,895	20.8	%
Less:
Other components of net periodic benefit costs/(income)	1,050		(684)		*		3,124		(2,053)		*
Depreciation and amortization	20,622		21,475		(4.0)	%	61,865		64,173		(3.6)	%
Severance	329		3,086		(89.3)	%	6,230		7,578		(17.8)	%
Multiemployer pension plan withdrawal costs	1,883		1,397		34.8	%	4,792		3,936		21.7	%
Generative AI Litigation Costs	4,620		—		*		7,592		—		*
Impairment charges	—		2,503		*		—		15,239		*
Multiemployer pension plan liability adjustment	—		(2,273)		*		—		(2,273)		*
Add:
Interest income and other, net	9,366		5,736		63.3	%	26,449		13,426		97.0	%
Income before income taxes	$	85,043	$	69,987	21.5	%	$	227,781	$	162,721	40.0	%
(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 Nine Months Ended
(In thousands)	September 30, 2024		September 30, 2023		% Change		September 30, 2024		September 30, 2023		% Change
NYTG
Subscription	$	422,192	$	392,937	7.4	%	$	1,233,577	$	1,152,130	7.1	%
Advertising	109,324		108,672		0.6	%	319,416		323,091		(1.1)	%
Other	64,512		62,294		3.6	%	185,585		181,958		2.0	%
Total	$	596,028	$	563,903	5.7	%	$	1,738,578	$	1,657,179	4.9	%
The Athletic
Subscription	$	31,135	$	25,640	21.4	%	$	88,077	$	73,579	19.7	%
Advertising	9,046		8,441		7.2	%	21,828		18,033		21.0	%
Other	4,532		361		*		12,495		1,146		*
Total	$	44,713	$	34,442	29.8	%	$	122,400	$	92,758	32.0	%
I/E (1)	$	(563)	$	—	*		$	(1,688)	$	—	*
The New York Times Company
Subscription	$	453,327	$	418,577	8.3	%	$	1,321,654	$	1,225,709	7.8	%
Advertising	118,370		117,113		1.1	%	341,244		341,124		—
Other	68,481		62,655		9.3	%	196,392		183,104		7.3	%
Total	$	640,178	$	598,345	7.0	%	$	1,859,290	$	1,749,937	6.2	%
(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.