Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables present segment information:

	For the Quarters Ended
(In thousands)	March 31, 2024		March 31, 2023 (1)		% Change
Revenues
NYTG	$	557,394	$	532,782	4.6	%
The Athletic	37,184		27,957		33.0	%
Intersegment eliminations (2)	(563)		—		*
Total revenues	$	594,015	$	560,739	5.9	%
Adjusted operating profit (loss)
NYTG	$	84,744	$	65,287	29.8	%
The Athletic	(8,690)		(11,312)		(23.2)	%
Total adjusted operating profit	$	76,054	$	53,975	40.9	%
Less:
Other components of net periodic benefit costs/(income)	1,051		(685)		*
Depreciation and amortization	20,706		20,840		(0.6)	%
Severance	4,428		3,780		17.1	%
Multiemployer pension plan withdrawal costs	1,612		1,455		10.8	%
Generative AI Litigation Costs	989		—		*
Add:
Interest income and other, net	8,387		3,173		*
Income before income taxes	$	55,655	$	31,758	75.2	%
(1) Recast to reflect the Company’s updated bundle allocation methodology.
(2) 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
(In thousands)	March 31, 2024		March 31, 2023 (1)		% Change
NYTG
Subscription	$	401,370	$	374,156	7.3	%
Advertising	98,004		102,090		(4.0)	%
Other	58,020		56,536		2.6	%
Total	$	557,394	$	532,782	4.6	%
The Athletic
Subscription	$	27,635	$	23,386	18.2	%
Advertising	5,707		4,151		37.5	%
Other	3,842		420		*
Total	$	37,184	$	27,957	33.0	%
I/E (2)	$	(563)	$	—	*
The New York Times Company
Subscription	$	429,005	$	397,542	7.9	%
Advertising	103,711		106,241		(2.4)	%
Other	61,299		56,956		7.6	%
Total	$	594,015	$	560,739	5.9	%
(1) Recast to reflect the Company’s updated bundle allocation methodology.
(2) I/E related to content licensing recorded in Other revenues.
* Represents a change equal to or in excess of 100% or not meaningful.