Thank you, and welcome to The New York Times Company's first-quarter 2025 earnings conference call. As Marillyn said, our 2025 first quarter results demonstrate a strong start to the year for subscriber growth, revenue growth, AOP growth margin expansion and free cash flow generation. We also continue to operate efficiently while making disciplined investments aimed at further differentiating our high-quality journalism and digital products. Over that same period, we returned approximately $81 million to shareholders consisting of approximately $59 million in share repurchases and approximately $22 million in dividends. Wirecutter affiliate revenues and licensing revenues continue to perform well.

Source: The Times May 08, 2025 02:46 UTC