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The New York Times’s Revenue Rises 11%
The New York Times • • business
Key Points:
- The New York Times Company added 280,000 digital-only subscribers in the last quarter, bringing its total to 13.35 million and staying on track to reach 15 million by the end of 2027.
- Total revenue for the quarter was $762.5 million, up 11.2%, with adjusted operating profit increasing 16.1% to $155.3 million.
- Digital-only subscription revenue rose 16.4% to $407.9 million, while digital advertising revenue jumped 20.7% to $114 million; average revenue per digital subscriber grew 3.1% to $9.94.
- Operating costs increased 10% year-over-year to $607.2 million due to higher compensation, benefits, and marketing expenses, leading to a stock drop of over 15%.
- The Times expects continued growth with a forecasted 12-15% rise in digital-only subscription revenue and mid-to-high teens growth in digital advertising revenue for Q3 2026.
