New York Times (NYSE:NYT) Stock

New York Times

New York Times Co is an American media company known for publishing its flagship newspaper, The New York Times. The company also operates the International New York Times newspaper, as well as digital properties such as NYTimes and various smartphone applications. The company has two segments: New York Times Group and The Athletic. The company generates the majority of its revenue from the NYTG segment. The NYTG and The Athletic segments derive revenue from subscriptions, Advertising, and others, where the majority source of revenue for both segments is subscription.

New York Times Company (The) Common Stock

New York Times Co

The new generative AI offerings of Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) are finding a lot of takers among enterprise customers, who prioritize intellectual property safety.
What Happened: During the company&#8217;s <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45915038/adobe-q2-earnings-revenue-beat-eps-beat-raised-fy-guidance-continued-investments-in-ai-innovation">second quarter results</a> on Thursday, Adobe&#8217;s President of Digital Media, David Wadhwani, highlighted that customers are choosing Firefly not just for its creative capabilities, but because of the legal safeguards built into the product.
&#8220;We have trained our Firefly models, as many of you know, on stock and other content that we have access to,&#8221; he said, adding that the company has a &#8220;contributor fund&#8221; that pays out to creators of stock and other content used in its models, thus sidestepping the IP risks that other generative AI models face.
According to Wadhwani, the strategy is resonating well in boardrooms, with a lot of companies selecting Adobe&#8217;s Firefly generative AI solution because of the &#8220;safety of it.&#8221;
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45920502/elon-musks-tesla-files-lawsuit-alleging-ex-employee-stole-humanoid-tech-to-launch-rival">Elon Musk&#8217;s Tesla Files Lawsuit Alleging Ex-Employee Stole Humanoid Tech To Launch Rival</a>
While the company didn&#8217;t explicitly link any new customer wins to this strategy, it did highlight a string of high-profile enterprise adoptions tied to its Firefly and GenStudio platforms during the quarter.
&#8220;Select key global customer wins include Cisco, County of Los Angeles, the Defense Information Systems Agency, Macy's [and] Ulta Beauty," the company said, also noting that &#8220;top sports leagues like MLB, the NFL, and Premier League&#8221; had joined its growing roster of clients.
Emphasizing the need for IP-safe tools in enterprise content creation, the company&#8217;s CEO, Shantanu Narayen, said, &#8220;You're not going to use something that's not been designed to be intellectually… yeah, the intellectual property being correct. For production.&#8221;
Why It Matters: This comes amid growing concerns of copyright infringement by generative AI tools such as Midjourney and OpenAI. 
Early this week, the Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Comcast Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) Universal Studios <a href="https://www.benzinga.com/news/legal/25/06/45895643/disney-universal-studios-sue-ai-image-generator-midjourney-for-copyright-infringement">filed a lawsuit</a> against MidJourney, calling the platform a &#8220;bottomless pit of plagiarism.&#8221;
Several other GenAI platforms have faced <a href="https://www.benzinga.com/news/23/12/36432485/new-york-times-sues-openai-and-microsoft-ai-copyright-infringement-amid-54-stock-surge">threats of lawsuits</a> in recent years, including OpenAI and Microsoft, from the New York Times Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) and Rupert Murdoch&#8217;s Dow Jones and New York Post, <a href="https://www.benzinga.com/news/24/10/41442679/rupert-murdochs-dow-jones-new-york-post-sue-jeff-bezos-backed-perplexity-for-copyright-infringement">initiating proceedings against</a> the Jeff Bezos-backed Perplexity AI. 
During its <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45915038/adobe-q2-earnings-revenue-beat-eps-beat-raised-fy-guidance-continued-investments-in-ai-innovation">second quarter results</a> on Thursday, Adobe reported $5.87 billion in revenue, ahead of consensus estimates at $5.79 billion. Profits stood at $5.06 per share, beating estimates of $4.96 per share.
Price Action: Adobe&#8217;s shares were up 0.20% on Thursday, ending the day at $413.68, but are down 2.10% after hours, following its second quarter earnings.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="148" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13051834/Screenshot-2025-06-13-at-2.48.24-PM-1024x148.png" alt="" class="wp-image-948700" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13051834/Screenshot-2025-06-13-at-2.48.24-PM-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13051834/Screenshot-2025-06-13-at-2.48.24-PM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13051834/Screenshot-2025-06-13-at-2.48.24-PM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13051834/Screenshot-2025-06-13-at-2.48.24-PM.png 1524w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Adobe shares score well on Growth, but lag on most other metrics, with a favorable short-term price trend. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock. 
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</ul>
Photo courtesy: Charles-McClintock Wilson / Shutterstock.com

Equities

ADBE

CMCSA

Cisco, NFL And The Premier League Are Picking Adobe Over OpenAI Because of Its 'Commercially Safe' Models Says ADBE's David Wadhwani

Guggenheim analyst Curry Baker maintains New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) with a Neutral and raises the price target from $53 to $55.

News

Price Target

Analyst Ratings

Guggenheim Maintains Neutral on New York Times, Raises Price Target to $55

<a href="https://www.nytimes.com/2025/05/29/business/media/new-york-times-amazon-ai-licensing.html" title="https://www.nytimes.com/2025/05/29/business/media/new-york-times-amazon-ai-licensing.html">https://www.nytimes.com/2025/05/29/business/media/new-york-times-amazon-ai-licensing.html</a>

AMZN

'The Times And Amazon Announce A.I. Licensing Deal' - NY Times

Guggenheim analyst Curry Baker maintains New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) with a Neutral and raises the price target from $52 to $53.

Guggenheim Maintains Neutral on New York Times, Raises Price Target to $53

New York Times Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) reported financial results for the first quarter before the market open on Wednesday. Here&#8217;s a rundown <a href="https://www.benzinga.com/pressreleases/25/05/b45248204/the-new-york-times-company-reports-first-quarter-2025-results">of the report</a>.
Q1 Earnings: New York Times reported first-quarter revenue of $636 million, beating analyst <a href="http://benzinga.com/quote/NYT/earnings">estimates</a> of $634.83 million, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company reported first-quarter adjusted earnings of 41 cents per share, beating estimates of 34 cents per share. 
Total revenue was up 7.1% on a year-over-year basis. Here&#8217;s a breakdown of revenue by category.
<ul>
<li>Subscription revenue: $464.3 million, up 8.2%</li>
</ul>
<ul>
<li>Advertising revenue: $108.1 million, up 4.2%</li>
</ul>
<ul>
<li>Affiliate, Licensing and Other revenue: $63.6 million, up 3.7%</li>
</ul>
New York Times ended the period with approximately 11.66 million subscribers to print and digital products. 11.06 million of those subscribers were digital-only subscribers, which includes 5.76 million bundle and multi product subscribers. Total digital-only subscribers were up 1.15 million from the prior year&#8217;s quarter. Average revenue per user (ARPU) was $9.54 in the first quarter, up 3.6% year-over-year. 
The company ended the quarter with $902.3 million in cash and marketable securities. 
&#8220;As our first quarter results show, we&#8217;ve had a strong start to the year. Our strategy is working and our business is growing and demonstrating resilience amidst the current economic and geopolitical uncertainty,&#8221; said Meredith Kopit Levien, president and CEO of New York Times.
Check This Out: <a href="https://www.benzinga.com/25/04/45084812/readers-correctly-predicted-tesla-earnings-heres-their-view-on-apple-stock">Readers Correctly Predicted Tesla Earnings – Here&#8217;s Their View On Apple Stock</a>
New York Times repurchased approximately $58.9 million of its common stock in the quarter. The company had $443 million remaining under its buyback as of May 2.
Guidance: New York Times expects second-quarter digital-only subscription revenue to grow between 13% and 16% year-over-year. The company expects total subscription revenue growth of 8% to 10% in the second quarter. 
Digital advertising revenue is expected to increase in the high-single-digits, while total advertising revenue is expected to be flat to up in the low-single-digits. The company also guided for affiliate, licensing and other revenue growth in the mid-single-digits in the second quarter.
NYT Price Action: <a href="http://benzinga.com/quote/NYT">New York Times shares</a> were down 1.1% at $52.02 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Photo: <a href="https://www.shutterstock.com/g/tadaimages">Tada Images</a>/Shutterstock.

Earnings

Guidance

Movers

New York Times Q1 Earnings: Revenue Beat, EPS Beat, Business Is Showing 'Resilience' Amid 'Uncertainty'

Earnings Beats

New York Times Q1 Adj. EPS $0.41 Beats $0.34 Estimate, Sales $636.00M Beat $634.83M Estimate

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Earnings Scheduled For May 7, 2025

Morgan Stanley analyst Thomas Yeh maintains New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) with a Equal-Weight and lowers the price target from $56 to $54.

Morgan Stanley Maintains Equal-Weight on New York Times, Lowers Price Target to $54

Wall Street rose on Wednesday, with all major equity indices advancing as investors assessed the latest batch of corporate earnings and drew optimism from <a href="https://www.benzinga.com/25/02/43494246/private-employment-rises-by-183000-beats-estimates-in-january-consumer-facing-industries-drove-hiring">positive labor market data.</a>
The S&amp;P 500 gained 0.3% to 6,045 points, while the Dow Jones Industrial Average rose 0.6%, now trading less than 1% below its all-time high.
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) missed quarterly earnings expectations on its cloud business, triggering a 7% drop, its worst single-day decline in a year. On the upside, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) surged 6% after beating estimates, fueling a rally in chip stocks. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) also gained 3.4%.
The Russell 2000 outperformed with a 0.9% gain, reflecting strength in smaller-cap stocks.
Fresh labor market data signaled resilience. Private sector employment rose by 183,000 in January according to the ADP report, surpassing expectations of 150,000. The services sector continued expanding,<a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43499292/us-services-growth-slows-in-january-as-tariff-concerns-mount"> as per ISM survey</a>, though at a slightly slower-than-anticipated pace.
Investors piled into Treasuries, sending yields tumbling across the curve. The 30-year yield fell to its lowest level since Dec. 18, 2024, while the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rallied 1.9%.
Gold extended its bull run, surging over 1% to a record $2,870 per ounce, driven by continued central bank buying. Copper jumped 2%. 
In crypto markets, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged down 1.2% to $97,000. 
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>• Russell 2000</td>
<td>2,310.94</td>
<td>0.9%</td>
</tr>
<tr>
<td>• Dow Jones</td>
<td>44,801.97</td>
<td>0.6%</td>
</tr>
<tr>
<td>• S&amp;P 500</td>
<td>6,054.99</td>
<td>0.3%</td>
</tr>
<tr>
<td>• Nasdaq 100</td>
<td>21,621.68</td>
<td>0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 2:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent020325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 0.3% to $602.97.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.5% to $447.60.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;inched 0.2% up to $525.63.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1% to $229.09.</li>
<li>The&nbsp;Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) outperformed, up 1.6%; the&nbsp;Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) lagged, down 1.2%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
Stocks reacting on earnings reports included: 
<ul>
<li>Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>): up 5.9%</li>
<li>Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>): down 2.4%</li>
<li>Mondelez International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>): up 0.62%</li>
<li>Simon Property Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>): 3.55%</li>
<li>Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>): up 5.7%</li>
<li>Snap Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NASDAQ">SNAP</a>): down 6.55%</li>
<li>IDEX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEX#NYSE">IEX</a>): down 9.61%</li>
<li>Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>): down 1.77%</li>
<li>Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>): down 7.31%</li>
<li>Fiserv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>): up 7.48%</li>
<li>Boston Scientific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>): up 1.87%</li>
<li>Illinois Tool Works Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITW#NYSE">ITW</a>): down 0.62%</li>
<li>Emerson Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>): down 2.61%</li>
<li>T. Rowe Price Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>): down 3.91%</li>
<li>Cencora Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>): up 0.83%</li>
<li>CDW Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>): up 4.54%</li>
<li>Ares Management Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARES#NYSE">ARES</a>): down 2.51%</li>
<li>Bunge Global SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BG#NYSE">BG</a>): down 5.05%</li>
<li>Johnson Controls International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>): up 12.49%</li>
<li>Old Dominion Freight Line Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>): up 5.60%</li>
<li>Stanley Black &amp; Decker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>): down 1.43%</li>
<li>Ares Capital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>): down 3.26%</li>
<li>Criteo SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRTO#NASDAQ">CRTO</a>): up 17.73%</li>
<li>Timken Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKR#NYSE">TKR</a>): up 2.86%</li>
<li>Performance Food Group Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFGC#NYSE">PFGC</a>): down 1.91%</li>
<li>New York Times Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>): down 11.56%</li>
<li>Griffon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFF#NYSE">GFF</a>): up 9.00%</li>
<li>Harley-Davidson Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>): down 0.63%</li>
<li>Capri Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>): down 13.94%</li>
<li>Azenta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZTA#NASDAQ">AZTA</a>): up 1.04%</li>
<li>Vishay Intertechnology Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSH#NYSE">VSH</a>): up 8.65%</li>
<li>Spire Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>): up 0.82%</li>
</ul>
Large-cap stocks slated to report earnings after the close are Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), McKesson Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Molina Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>), O&#8217;Reilly Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>), MetLife Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>), Cognizant Technology Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>), Corteva Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTVA#NYSE">CTVA</a>), Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), Skyworks Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>), Aflac Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>), Align Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>). 
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Stocks Rebound, Google Eyes Worst Drop In A Year, Gold Shatters Fresh Records: What's Driving Markets Wednesday?

New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) shares are trading lower in the premarket <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">session on Wednesday</a>.
Here&#8217;s what the company <a href="https://nytco-assets.nytimes.com/2025/02/Q4-2024-Earnings-Release-Final-for-Distribution.pdf" target="_blank" rel="noreferrer noopener">reported</a>:
<ul>
<li>Fourth-quarter adjusted earnings per share of 80 cents beat the street view of 74 cents. </li>
<li>Quarterly sales of $726.6 million missed the analyst consensus estimate of $726.65 million.</li>
<li>350,000 net digital-only subscribers gained; the total hovers at 11.43 million.</li>
<li>Digital-only ARPU rose 4.4% to $9.65 due to price increases and subscriber transitions.</li>
<li>Digital subscription revenues grew 16.0%, while digital advertising revenues increased 9.5%.</li>
<li>Total subscription revenues increased 8.4% to $466.6 million in the fourth quarter. </li>
<li>Advertising revenues increased 0.6% to $165.1 million</li>
<li>Digital advertising revenues increased 9.5%</li>
<li>Print advertising revenues decreased 16.4%.</li>
<li>Adjusted operating profit margin was 23.5%, a year-over-year increase of approximately 70 basis points.</li>
</ul>
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/health-care/25/01/43321236/rfk-jr-and-big-pharma-stocks-to-watch-as-health-secretary-hopeful-answers-pointed-questions-on-drugs-insurance-trump-exec-orders" rel="noreferrer noopener">RFK Jr. And Big Pharma: Health Secretary Hopeful Answers Pointed Questions On Drugs, Insurance, Trump Exec Orders</a>
The New York Times approved a $350 million share repurchase program and declared a 5 cent increase in its dividend to 18 cents per share. The dividend is payable on April 17.
New York Times CEO Meredith Kopit Levien said, &#8220;Deep engagement fueled our multi-revenue stream model, and enhanced our durability even in a dynamic information ecosystem.&#8221;
In its<a href="https://event.choruscall.com/mediaframe/webcast.html?webcastid=LE3YM0cp" target="_blank" rel="noreferrer noopener"> conference call</a>, Levien announced the company will have a pipeline of new content, shows, features, games, and enhancements this year. There is also strong demand for the company&#8217;s lifestyle products, she added. 
When it comes to sports, The Athletic&#8217;s revenues grew 29% in the fourth quarter of 2024 to $49.7 million from $38.5 million in the fourth quarter of 2023.
Price Action: New York Times shares are trading lower by 11.3% to $49.55 at last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43475015/spotifys-strong-subscriber-growth-and-rising-margins-keep-analysts-bullish" target="_blank" rel="noreferrer noopener">Spotify Is Still One Of Top 4 Best Ideas For 2025: Analyst</a></li>
</ul>
Image: Shutterstock

Markets

General

New York Times Beats Q4 Earnings But Misses Sales, CEO Hints At Pipeline Of New Content And Shows

WIIM

New York Times shares are trading lower after the company reported Q4 financial results and missed its revenue estimate.

New York Times CEO Meredith Kopit Levien: Says Company To Have Pipeline of New Content, Shows, Features, Games And Other Enhancements This Year; There Is 'Real Demand' For Company's Lifestyle Products; Company Has 'Big Opportunity' With The Athletic to Build Audience

Dividends

New York Times Raises Dividend From $0.13 To $0.18

Buybacks

New York Times Board Approves $350M Buyback Program

New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) reported quarterly earnings of $0.80 per share which beat the analyst consensus estimate of $0.74 by 8.11 percent. This is a 14.29 percent increase over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $726.60 million which missed the analyst consensus estimate of $726.65 million by 0.01 percent. This is a 7.45 percent increase over sales of $676.22 million the same period last year.

Earnings Misses

New York Times Q4 2024 Adj EPS $0.80 Beats $0.74 Estimate, Sales $726.60M Miss $726.65M Estimate

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Earnings Scheduled For February 5, 2025

The year 2024 brought a flood of new movies and TV shows to theaters, broadcast networks, <a href="https://www.benzinga.com/topic/streaming">and streaming platforms.</a>
Here's a look at the most-searched items across the world of entertainment in 2024.
Movies and Television: When looking for information on television shows and movies, consumers often turn to Google, the search engine owned by Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), the same place where they searched for information on trending topics like the Olympics and <a href="https://www.benzinga.com/general/education/24/12/42417615/copa-america-summer-olympics-donald-trump-presidential-election-hurricanes-and-more-top-10-google-searches-in-2024">2024 presidential election.</a>
These were the top 10 most-searched movies on Google in <a href="https://trends.withgoogle.com/year-in-search/2024/?utm_source=blog.google&amp;utm_medium=referral&amp;utm_campaign=yis2024">2024</a>:
<ol>
<li>Inside Out 2</li>
<li>Deadpool &amp; Wolverine</li>
<li>Saltburn</li>
<li>Beetlejuice Beetlejuice</li>
<li>Dune: Part Two</li>
<li>It Ends with Us</li>
<li>Oppenheimer</li>
<li>Kung Fu Panda 4</li>
<li>Alien: Romulus</li>
<li>Terrifier 3</li>
</ol>
The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) led the way with "Inside Out 2," "Deadpool &amp; Wolverine" and "Alien: Romulus" ranking in the top 10 searches. "Inside Out 2" and "Deadpool &amp; Wolverine" are the <a href="https://www.boxofficemojo.com/year/2024/?ref_=bo_yl_table_1">highest </a>grossing movies domestically and worldwide for 2024, making their appearance on the list no huge surprise.
"Saltburn" ranked third, which might be thanks to some viral scenes in the movie from Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), released in theaters and streamed on Prime Video.
Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) had several films on the list with "Beetlejuice Beetlejuice" and "Dune: Part Two," which rank sixth and seventh for domestic box office revenue for the year.
Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) also has several films on the list with "Oppenheimer" and "Kung Fu Panda 4."
On the television front, Google&#8217;s top searches focused on streaming shows. Here are the 10 most-searched TV shows worldwide in 2024:
<ol>
<li>Baby Reindeer</li>
<li>Fallout</li>
<li>House of the Dragon</li>
<li>Heeramandi</li>
<li>Shogun</li>
<li>The Perfect Couple</li>
<li>Queen of Tears</li>
<li>Marry My Husband</li>
<li>3 Body Problem</li>
<li>Nobody Wants This</li>
</ol>
The global list included several foreign series, with many of them streamed to the U.S. and other parts of the world.
Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) led the way for series on the top-searched list with the rights to "Baby Reindeer," "Heeramandi," "The Perfect Couple," "Queen of Tears," "3 Body Problem" and "Nobody Wants This." With six of the 10 most Googled series globally for the year, Netflix continues to show its dominance in the streaming sector.
Amazon's Prime Video had two series on the list: "Fallout" and "Marry My Husband." Disney, with its FX arm and Hulu streaming platform, had "Shogun." Warner Bros. Discovery had one series on the list: "House of the Dragon," which airs on HBO and streams on Max.
Read Also: <a href="https://www.benzinga.com/news/23/12/36184608/top-10-google-searches-for-events-people-in-2023-war-in-israel-titanic-sub-hurricanes-shootings-dama">Top 10 Google Searches For Events, People In 2023: War In Israel, Titanic Sub, Hurricanes, Shootings, Damar Hamlin, Travis Kelce And More Of Big Interest Around The World</a>
Actors, Musicians, and Games: Google also shared the top 10 lists for other entertainment categories for 2024.
These were the most-searched actors in 2024:
<ol>
<li>Katt Williams</li>
<li>Pawan Kalyan</li>
<li>Adam Brody</li>
<li>Ella Purnell</li>
<li>Hina Khan</li>
<li>Kieran Culkin</li>
<li>Terrance Howard</li>
<li>Nimrat Kaur</li>
<li>Sutton Foster</li>
<li>Briggitte Bozzo</li>
</ol>
These were the most-searched musicians in 2024:
<ol>
<li>Diddy</li>
<li>Usher</li>
<li>Linkin Park</li>
<li>Sabrina Carpenter</li>
<li>Justin Timberlake</li>
<li>Angela Aguilar</li>
<li>Drake Bell</li>
<li>Tracy Chapman</li>
<li>Dave Grohl</li>
<li>Angelina Mango</li>
</ol>
These were the 10 most-searched games on Google in 2024:
<ol>
<li>Connections</li>
<li>Palworld</li>
<li>Infinite Craft</li>
<li>Sprunki</li>
<li>Helldivers 2</li>
<li>Wuthering Waves</li>
<li>Black Myth: Wukong</li>
<li>Strands</li>
<li>Brawl Stars</li>
<li>PokeRogue</li>
</ol>
This year's entertainment lists don't feature Taylor Swift and while they have several names who proved to make headlines for negative reasons, the list doesn't include the likes of Johnny Depp, Amber Heard, Will Smith and Chris Rock who dominated headlines in years past.
One notable entry on the list is Connections, which tops the games list. The popular word game puzzle from The New York Times (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) is the company's second most popular game, trailing Wordle, which formerly dominated Google searches.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/12/42377867/most-visited-wikipedia-pages-in-2024-trump-harris-musk-swift-politics-and-netflix-dominate-list">Most Visited Wikipedia Pages In 2024: Trump, Harris, Musk, Swift, Politics And Netflix Dominate List</a></li>
</ul>
Photo: Fred Duval/Shutterstock.com

Entertainment

Gaming

GOOG

NFLX

'Inside Out 2,' 'Deadpool & Wolverine,' 'Baby Reindeer' Google's Top 2024 Entertainment Searches

Joe Rogan's podcast is among the most listened to in the world but for Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) users, the podcaster ranked third in 2024, despite having one of the most listened to episodes with his Donald Trump interview <a href="https://www.benzinga.com/news/24/10/41561452/trump-to-joe-rogan-biggest-mistake-was-trusting-bad-and-disloyal-people">before the 2024 election.</a>
What Happened: Rogan <a href="https://www.benzinga.com/markets/equities/24/02/36914209/spotify-inks-multiyear-deal-with-podcast-king-joe-rogan-amid-shifting-strategy">renewed a multi-year deal</a> with Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) earlier this year, which comes after four years of exclusivity with the music company and huge listener figures put up year after year.
Unlike past agreements with Spotify, Rogan's podcast "The Joe Rogan Experience" is no longer exclusive to Spotify and Rogan is free to share episodes on other platforms like Apple, Amazon and YouTube, the video platform owned by Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).
Some listeners love the video aspect that shows Rogan and the interviewee, so videos and clips on <a href="https://www.youtube.com/@joerogan">YouTube </a>have often generated millions of views.
Rogan's interview with Trump before the 2024 election has 51 million views on YouTube, compared to Rogan's 18.6 million YouTube subscriber figure. Interviews with J.D. Vance and Elon Musk before the 2024 election each have 18 million viewers.
While Rogan will likely rank as the top listened-to podcast on Spotify, the same can't be said for Apple podcasts. Apple recently <a href="https://www.apple.com/newsroom/2024/11/apple-shares-the-most-popular-podcasts-of-2024/">shared </a>its list of top podcast rankings for 2024.
Here are the top shows on Apple podcasts:
<ol>
<li>The Daily</li>
<li>Crime Junkie</li>
<li>The Joe Rogan Experience</li>
<li>Dateline NBC</li>
<li>SmartLess</li>
<li>Huberman Lab</li>
<li>This American Life</li>
<li>New Heights with Jason &amp; Travis Kelce</li>
<li>Up First From NPR</li>
<li>Morbid</li>
</ol>
While many consider Rogan the new media, he failed to beat out the podcast from legacy media company The New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>), which is <a href="https://www.nytimes.com/column/the-daily" target="_blank" rel="noopener">behind </a>"The Daily." The show, hosted by Michael Barbaro and Sabrina Tavernise, lasts around 20 minutes a day, five days a week.
"Crime Junkie," a weekly true crime podcast, also surpassed Rogan on Apple's year-end rankings.
"The Tucker Carlson Show" ranked first as the top new show on Apple podcasts.
Rogan's interview with Trump, titled #2219, ranked as the second top episode for Apple, trailing the Crime Junkie episode "SERIAL KILLER: The Alphabet Murders Part 1." The episode was also the fifth most shared Apple podcast for the year.
Tucker Carlson held the title for the most shared podcast episode with &#8220;Calley &amp; Casey Means: The Truth About Ozempic, the Pill, and How Big Pharma Keeps You Sick.&#8221;
A "Call Her Daddy" podcast episode with presidential candidate Kamala Harris was the year&#8217;s ninth most shared Apple podcast episode.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent112724">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The podcast rankings are only for Apple, and Rogan will likely top the Spotify annual list when it is released before the end of the year. No longer being exclusive could allow Rogan&#8217;s content to be accessed from multiple platforms, potentially broadening his audience while distributing viewership and listenership across various channels.
Despite being the most followed show on Apple Podcasts, &#8220;The Joe Rogan Experience&#8221; did not secure the top spot in the platform&#8217;s year-end rankings. This outcome is unexpected, especially considering the podcast&#8217;s high-profile guests, including former President Donald Trump.
While &#8216;The Daily&#8217; releases five episodes a week, Rogan typically puts out four. However, Rogan's interviews are significantly longer, often lasting several hours, compared to the shorter format of &#8216;The Daily.&#8217;
Rogan&#8217;s ranking among the top-listened-to podcasts on multiple platforms and generating millions of views on YouTube show that his popularity is not slowing down.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/11/42024571/joe-rogan-says-harris-avoided-podcast-due-to-one-issue">Joe Rogan Says Harris Avoided Podcast Due To One Issue</a></li>
</ul>
Photo: Featureflash Photo Agency/Shutterstock.com

AAPL

SPOT

Joe Rogan's Trump Podcast Episode Couldn't Land Him Top Spot On Apple

Editor&#8217;s Note: This story has been updated with a confirmation from ValueAct Holdings.
ValueAct Holdings, L.P. reported holdings worth $3.9 billion in the September quarter after it disclosed major changes in its 13F filing for the third quarter of current fiscal. 
What Happened: One of the major changes in its holdings during Q3 was the addition of 211,500 shares of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) for $121.07 million, representing 3.08% of its total portfolio.
ValueAct Holdings is a hedge fund popularly known for its activist strategies, run by chief executive officer, Mason Morfit. An activist hedge fund usually follows an event-driven strategy and acquires sufficient equity to influence a company's policies, to increase company value. ValueAct has a long history of investing in technology companies and is generally considered to be more constructivist and collaborative than other activist funds.
A ValueAct spokesperson confirmed to <a href="http://pro.benzinga.com">Benzinga</a> that the firm has built a $1 billion stake in Meta.
In 2022, Brad Gerstner&#8216;s Altimeter Capital targeted Meta, urging the company to reduce its workforce. Gerstner articulated his concerns in <a href="https://www.benzinga.com/news/22/10/29380959/meta-investor-proposes-curb-on-employees-strength-metaverse-spending">a letter titled &#8220;Time to Get Fit.</a>
ValueAct fund's specific intentions remain unclear, but CEO Morfit is reportedly supportive of Meta CEO Mark Zuckerberg&#8217;s strategic focus on advancing artificial intelligence initiatives, <a href="https://www.cnbc.com/2024/11/12/activist-valueact-has-1-billion-stake-in-meta-sources-say.html">according</a> to CNBC.
Why It Matters: According to its Q3 <a href="https://13f.info/13f/000141881224000021/compare/000141881224000017">13F filing</a>, ValueAct has acquired a passive stake in the parent company of Facebook, Instagram and WhatsApp, namely, Meta. It is one of the largest companies to be targeted by an activist investor, with a market cap of nearly $1.5 trillion. The hedge fund also increased its investment in <a href="https://www.benzinga.com/m-a/24/01/36471982/disney-partners-with-valueact-capital-for-strategic-counsel-in-anticipation-of-2024-shareholder-meet">The Walt Disney Co</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) by adding 1.33 million shares taking its total value to $718.04 million in ValueAct&#8217;s portfolio.
Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42001972/chinese-retail-sales-pickup-in-october-heres-whats-happening-with-alibaba-jd-and-pinduoduo-shares">Chinese Retail Sales Pickup In October: Here&#8217;s What&#8217;s Happening With Alibaba, JD And Pinduoduo Shares</a>
Other Key Changes To The Portfolio
Apart from adding Meta, ValueAct has made some major changes to its portfolio which consists of ten holdings. The fund has increased its stake in the American video game developer Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) by adding 7.83 million shares in Q3. It now represents 8.81% of ValueAct&#8217;s portfolio, having a total value of $448.62 million.
Live Nation Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and Liberty Media Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LLYVK#NASDAQ">LLYVK</a>) are other new holdings that ValueAct has added to its portfolio.
The hedge fund also reduced 806.96 thousand shares in Expedia Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) and completely exited Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>), Finserv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), New York Times Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) and Flutter Entertainment PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>).
Read next: &nbsp;<a href="https://www.benzinga.com/general/market-summary/24/11/41968003/gold-drops-to-a-two-month-low-as-investors-turn-to-bitcoin-after-trumps-victory-but-this-economist-remains-confident-that-gold-will-surge" target="_blank" rel="noreferrer noopener">Gold Drops To A Two-Month Low As Investors Turn To Bitcoin After Trump's Victory, But This Economist Remains Confident That ‘Gold Will Surge'</a>
Image via Wikimedia Commons

EXPE

FLUT

LLYVK

RBLX

Activist Hedge Fund ValueAct Boosts Meta Stake With $121M Bet, But CEO Morfit Supports Mark Zuckerberg's AI Vision: Here's What Investors Should Know (Updated)

Hedge Funds

ValueAct Holdings' Q3 2024 13F Filing Reveals Full Exits From Spotify, Fiserv, KKR & Co., New York Times With 1.34M Shares, And Flutter Entertainment

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