New York Times Adds 210,000 Digital Subs, Total Revenue Rises to $594 Million [Yahoo! Finance]
New York Times Company (The) (NYT)
Last new york times company (the) earnings: 2/6 07:00 am
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Source: Yahoo! Finance
The increase was driven largely by bundle and multiproduct subscriber additions, the company said as it announced earnings on Wednesday. Digital ad revenues also increased 2.9% to $63 million, buoyed by higher display advertising revenues at The Athletic. Here are the key figures: Revenue: $594 million, a 5.9% increase from the same quarter 2023. Earnings: Diluted earnings per share is $0.24. Subscribers: The New York Times added 210,000 digital subscribers in the quarter to bring the total digital subscribers to 9.9 million. Meredith Kopit Levien, president and chief executive officer, The New York Times Company, said, “2024 is off to a strong start, as our results reflect the power of our strategy to be the essential subscription for every curious person seeking to understand and engage with the world, and as our world-class news and lifestyle products continue to attract huge and deeply engaged audiences. Our first quarter financial performance illustrates that our news-b
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