Advertising Revenue: Declined 2.4%, with digital advertising up 3% to $63 million. Positive PointsNew York Times Co (NYSE:NYT) added 210,000 net new digital subscribers in Q1, demonstrating strong growth in its digital subscription business. New York Times Co (NYSE:NYT) reported steady revenue growth and significant AOP growth, with a focus on disciplined cost management and strategic investments. The company faces challenges in fully leveraging its digital advertising potential amidst a changing media landscape. Levien noted that these premium canvases and first-party data are key to the company's advertising strategy, offering high CPMs and effective performance.

Source: The Times May 09, 2024 08:34 UTC