XML 72 R60.htm IDEA: XBRL DOCUMENT v3.23.1
Segment Information (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2023
USD ($)
segment
Mar. 27, 2022
USD ($)
Segment Reporting [Abstract]    
Number of reportable segments | segment 2  
Segment Reporting Information [Line Items]    
Total revenues $ 560,739 $ 537,425
Revenues, percent change 0.043  
Cost of revenue (excluding depreciation and amortization) $ 306,852 281,365
Cost of revenue, percent change 0.091  
Sales and marketing $ 67,034 77,588
Sales and marketing, percent change (0.136)  
Product development $ 57,062 47,433
Product development, percent change 0.203  
Adjusted general and administrative $ 75,816 70,136
Adjusted general and administrative, percent change 0.081  
Total operating costs $ 532,839 496,429
Adjusted operating costs, total $ 506,764 476,522
Adjusted operating costs, total, percent change 0.063  
Operating costs, percent change 0.073  
Adjusted operating profit $ 53,975 60,903
Operating profit 27,900 6,284
Depreciation and amortization $ 20,840 18,686
Depreciation and amortization, percent change 0.115  
Severance $ 3,780 0
Multiemployer pension plan withdrawal costs $ 1,455 1,221
Multiemployer pension plan withdrawal costs, percent change 0.192  
Adjusted operating costs $ 506,764 476,522
Adjusted operating costs, percent change 0.063  
Acquisition-related costs $ 0 34,712
Adjusted operating profit, percent change (0.114)  
Subscription    
Segment Reporting Information [Line Items]    
Total revenues $ 397,542 371,979
Revenues, percent change 0.069  
Advertising    
Segment Reporting Information [Line Items]    
Total revenues $ 106,241 116,270
Revenues, percent change (0.086)  
Other    
Segment Reporting Information [Line Items]    
Total revenues $ 56,956 49,176
Revenues, percent change 0.158  
NYTG    
Segment Reporting Information [Line Items]    
Total revenues $ 532,092 525,268
Revenues, percent change 0.013  
Cost of revenue (excluding depreciation and amortization) $ 284,931 269,476
Cost of revenue, percent change 0.057  
Sales and marketing $ 60,121 74,460
Sales and marketing, percent change (0.193)  
Product development $ 51,877 45,179
Product development, percent change 0.148  
Adjusted general and administrative $ 73,408 68,428
Adjusted general and administrative, percent change 0.073  
Total operating costs $ 470,337 457,543
Total, percent change 0.028  
Adjusted operating profit $ 61,755 $ 67,725
Adjusted operating profit margin, percent 11.60% 12.90%
Severance $ 3,300  
Multiemployer pension plan withdrawal costs $ 1,500 $ 1,200
Adjusted operating profit, percent change (0.088)  
Adjusted operating profit margin, percent change (1.30%)  
NYTG | Subscription    
Segment Reporting Information [Line Items]    
Total revenues $ 373,466 361,602
Revenues, percent change 0.033  
NYTG | Advertising    
Segment Reporting Information [Line Items]    
Total revenues $ 102,090 114,490
Revenues, percent change (0.108)  
NYTG | Other    
Segment Reporting Information [Line Items]    
Total revenues $ 56,536 49,176
Revenues, percent change 0.150  
The Athletic    
Segment Reporting Information [Line Items]    
Total revenues $ 28,647 12,157
Cost of revenue (excluding depreciation and amortization) $ 21,921 11,889
Cost of revenue, percent change 0.844  
Sales and marketing $ 6,913 3,128
Product development 5,185 2,254
Adjusted general and administrative $ 2,408 1,708
Adjusted general and administrative, percent change 0.410  
Total operating costs $ 36,427 18,979
Total, percent change 0.919  
Adjusted operating profit $ (7,780) (6,822)
Severance $ 500  
Adjusted operating profit, percent change 0.140  
The Athletic | Subscription    
Segment Reporting Information [Line Items]    
Total revenues $ 24,076 10,377
The Athletic | Advertising    
Segment Reporting Information [Line Items]    
Total revenues 4,151 1,780
The Athletic | Other    
Segment Reporting Information [Line Items]    
Total revenues $ 420 $ 0