The New York Times Company (NYSE:NYT) Q4 2023 Results Conference Call February 7, 2024 8:30 AM ET

Company Participants

Anthony DiClemente - Senior Vice President of Investor Relations

Meredith Kopit Levien - President and Chief Executive Officer

Will Bardeen - Executive Vice President and Chief Financial Officer

Conference Call Participants

Thomas Yeh - Morgan Stanley

David Karnovsky - JPMorgan Chase & Co.

Ashton Welles - Evercore ISI

Doug Arthur - Huber Research Partners

Vasily Karasyov - Cannonball Research

Operator

Good morning, everyone, and welcome to The New York Times Company's Fourth Quarter and Full Year 2023 Earnings Conference Call. [Operator Instructions] Please also note today's event is being recorded.

And at this time, I'd like to turn the floor over to Anthony DiClemente, Senior Vice President of Investor Relations. Please go ahead.

Anthony DiClemente

Thank you, and welcome to The New York Times Company's fourth quarter and full year 2023 earnings conference call. On the call today, we have Meredith Kopit Levien, President and Chief Executive Officer; and Will Bardeen, Executive Vice President and Chief Financial Officer.

Before we begin, I would like to remind you that management will make forward-looking statements during the course of this call. These statements are based on current expectations and assumptions, which may change over time. Our actual results could differ materially due to a number of risks and uncertainties that are described in the company's 2022 10-K and subsequent SEC filings.

In addition, our presentation will include non-GAAP financial measures, and we have provided reconciliations to the most comparable GAAP measures in our earnings press release and is available on our website at investors.nytco.com. In addition to our earnings press release, we have also posted a slide presentation relating to our results, also on our website at investors.nytco.com.

And finally, please note that a copy of the prepared remarks from this morning's call will be posted to our investor website shortly after we conclude.

With that, I will turn the call over to Meredith.

Meredith Kopit Levien

Thanks, Anthony, and good morning, everyone.

2023 was a strong year for the times that showcased the power of our strategy to be the essential subscription for every curious person seeking to understand and engage with the world. Our news report provided improved indispensable to so many people, providing original journalism across the full range of human experience.

Our lifestyle products serve scaled audiences for games, sports, cooking and shopping recommendations. By putting them all together and giving millions of people multiple reasons to turn to the times every day, we delivered business growth and demonstrated our ability to penetrate a large market. We drove this performance amidst a tough year for the news industry in which we and others faced persistent headwinds.