Forecast Of The Day: The New York Times Digital Subscription Revenue
What?
The New York Times (NYSE:NYT) Digital Subscription Revenue rose from around $460 million in 2019 to about $600 million in 2020. Trefis expects the metric to rise to about $802 million in 2021 and to around $900 million by 2022.
Why?
- Up 6% So Far, What Lies Ahead For NY Times’ Stock Post Q2 Results?
- With A Slowdown in Advertising, What To Expect From NY Times’ Q1 Results?
- Up 47% Since Beginning of 2023, How Will NY Times’ Stock Trend After Q4 Earnings?
- Up 28% This Year, How Will NY Times’ Stock Trend Following Q3 Results?
- NY Times’ Stock To Likely See Little Movement Post Q2
- NY Times’ Stock To Likely Trade Lower Post Q1
Growth is being driven by customers increasingly opting for the company’s digital-only offerings.
So What?
We don’t think the projected growth is fully priced into NYT stock. We estimate The New York Times Valuation to be around $51 per share which is 20% above the current market price. This represents a P/EBITDA multiple of 54x for the company based on our forecast for The New York Times EBITDA for the current fiscal year.
See Our Complete Analysis For The New York Times
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| Returns | Jan 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| NYT Return | -11% | -11% | 224% |
| S&P 500 Return | -2% | -2% | 108% |
| Trefis MS Portfolio Return | -7% | -7% | 264% |
[1] Month-to-date and year-to-date as of 1/16/2022
[2] Cumulative total returns since the end of 2016