New York Times Profit Beats Estimates on Digital User Gains
- Publisher adds 53,000 net online subscribers in fourth quarter
- Digital advertising revenue climbs 11% to $69.9 million
An NYPD police officer passes in front of the offices of The New York Times in New York.
Photographer: Scott Eells/BloombergThis article is for subscribers only.
New York Times Co. posted fourth-quarter earnings that beat analysts’ estimates as digital subscribers and online ad revenue rose.
Profit excluding some items rose to 37 cents a share, the company said Thursday in a statement, beating the 30-cent average of analysts’ estimates. The U.S. newspaper publisher added 53,000 net digital subscribers, up from last quarter’s 51,000.