10:04 AM EST, 02/05/2025 (MT Newswires) -- (Updates with additional details and the latest stock movement in the last three paragraphs.)

The New York Times ( NYT ) reported Q4 adjusted earnings Wednesday of $0.80 per diluted share, up from $0.70 a year earlier.

Analysts surveyed by FactSet expected $0.75

Revenue for the quarter ended Dec. 31 was $726.6 million, compared with $676.2 million a year earlier.

Analysts surveyed by FactSet expected $726.8 million.

The company said it has approved a $350 million Class A share repurchase program in addition to the amount remaining under the 2023 authorization.

The New York Times ( NYT ) raised its quarterly dividend to $0.18 from $0.13 per share, payable April 17 to shareholders of record as of April 1.

Shares of the company were down more than 12% in recent trading.

Price: 48.79, Change: -7.10, Percent Change: -12.70