The New York Times Adds 420,000 Digital Subscribers
Key Points:
- The New York Times Company added 420,000 digital-only subscribers in Q3, bringing its total paid subscribers to 13.8 million and maintaining its trajectory toward a 15 million subscriber goal by 2027.
- Total Q3 revenue rose 9.7% year-over-year to $768.5 million, with adjusted operating profit increasing to $149.6 million from $131.4 million last year.
- Digital-only subscription revenue grew 14.6% to $421.3 million, while print subscriptions declined to 540,000 from 570,000 a year earlier.
- Digital advertising revenue increased 12% to $109.9 million, and other revenue streams such as affiliate and licensing rose 6.2% to $78.4 million.
- CEO Meredith Kopit Levien highlighted strong subscriber engagement and retention as drivers of growth, noting continued investments in video and interest in acquiring the film-focused social platform Letterboxd.