New York Times Beats Estimates as Digital Subscriptions Rise
- Publisher added 300,000 digital subscribers in second quarter
- Company has 10.84 million total print and digital subscribers
This article is for subscribers only.
New York Times Co. reported second-quarter earnings that beat analysts’ expectations, as the company continues to grow its subscriber count.
The newspaper publisher reported earnings of 45 cents a share on Wednesday, excluding some items. The results topped Wall Street estimates of 41 cents a share. Revenue totaled $625.1 million compared with expectations of $624.6 million.