From a New York Times story by Katie Robertson headlined “Revenue Grew at Condé Nast Last Year, but Shy of Target”:

Roger Lynch, the chief executive of Condé Nast, the publisher of Vogue, The New Yorker and Vanity Fair, said Friday that the company’s business grew last year, but narrowly missed its revenue target.

Mr. Lynch said the company ended 2022 with positive earnings before interest, tax, depreciation and amortization, or EBITDA, a widely used financial measure. “We are not targeting to become hugely profitable right now, but we are targeting to have cash flow that enables us to reinvest in the growth areas,” he said.