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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 634M | 5.2% |
| Gross Profit | 149M | 28.9% |
| Cost of Revenue | 485M | 0.4% |
| Operating expense | 204M | 4.1% |
| Net Income | 66M | 62.2% |
| EBITDA | 106M | 39.1% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.67B | 1.9% |
| Total Liabilities | 868M | 0.7% |
| Total Equity | 1.8B | 3.3% |
| Shares Outstanding | 165M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 80M | 51.2% |
| Cash from investing | -30M | 55.1% |
| Cash from financing | -34M | 51% |
EPS
Financial Highlights for The New York Times in Q2 '24
The New York Times reported a revenue of 634M, which is a 5.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 149M, marking a 28.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 485M, a -0.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 204M, showing a -4.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 66M, showing a 62.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 106M, showing a 39.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for The New York Times with growth in revenue, gross profit, and net income.
