The New York Times Company (NYSE:NYT) Q2 2024 Earnings Conference Call August 7, 2024 8:00 AM ET

Company Participants

Anthony DiClemente – Senior Vice President-Investor Relations
Meredith Kopit Levien – President and Chief Executive Officer
Will Bardeen – Executive Vice President and Chief Financial Officer

Conference Call Participants

David Karnovsky – JPMorgan
Thomas Yeh – Morgan Stanley
Jason Bazinet – Citi
Vasily Karasyov – Cannonball Research
Doug Arthur – Huber Research Partners

Operator

Good morning, everyone, and welcome to The New York Times Company’s Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please also note today’s event is being recorded.

At this time, I’d like to turn the floor over to Anthony DiClemente, Senior Vice President, Investor Relations. Please go ahead.

Anthony DiClemente

Thank you, and welcome, everyone, to The New York Times Company’s second quarter 2024 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 our 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 2023 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 which is available on our website at investors.nytco.com. In addition to our earnings press release, we also have posted a slide presentation relating to our results on our website once again 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. It was a strong second quarter for the time, one in which we made further progress on the path to becoming the essential subscription for every serious person seeking to understand and engage with the world. Our Q2 results demonstrate that our strategy continues to work as designed.

Let me describe how. First, our world-class news destination combined with our distinctive products in games, sports, cooking and shopping advice, attracted large and passionate audiences in giant spaces. Together, these products gave many people multiple reasons to come to the Times and numerous pathways by which to do so.