v3.24.3
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 EndedFor the Nine Months Ended
(In thousands)September 30, 2024September 30, 2023% ChangeSeptember 30, 2024September 30, 2023% Change
Revenues
NYTG$596,028 $563,903 5.7 %$1,738,578 $1,657,179 4.9 %
The Athletic44,713 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 Athletic2,638 (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 amortization20,622 21,475 (4.0)%61,865 64,173 (3.6)%
Severance329 3,086 (89.3)%6,230 7,578 (17.8)%
Multiemployer pension plan withdrawal costs1,883 1,397 34.8 %4,792 3,936 21.7 %
Generative AI Litigation Costs4,620 — *7,592 — *
Impairment charges— 2,503 *— 15,239 *
Multiemployer pension plan liability adjustment— (2,273)*— (2,273)*
Add:
Interest income and other, net9,366 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 EndedFor the Nine Months Ended
(In thousands)September 30, 2024September 30, 2023% ChangeSeptember 30, 2024September 30, 2023% Change
NYTG
Subscription$422,192 $392,937 7.4 %$1,233,577 $1,152,130 7.1 %
Advertising109,324 108,672 0.6 %319,416 323,091 (1.1)%
Other64,512 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 %
Advertising9,046 8,441 7.2 %21,828 18,033 21.0 %
Other4,532 361 *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 %
Advertising118,370 117,113 1.1 %341,244 341,124 — 
Other68,481 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.