The New York Times Company Reports Second-Quarter 2023 ResultsNEW YORK, August 8, 2023 - The New York Times Company (NYSE: NYT) announced today second- quarter 2023 diluted earnings per share of $.28 compared with $.37 in the same period of 2022. Adjusted diluted earnings per share (defined below) was $.38 in the second quarter of 2023 compared with $.28 in the second quarter of 2022. In each case, the increase was due to higher digital subscription and other revenues, partially offset by higher operating costs. We added 180,000 net new digital subscribers, with more than half of our digital starts taking the bundle for the second quarter in a row. "Digital subscription revenue grew thanks to gains in both subscriber volume and ARPU, with the latter up year-on-year for the first time since our acquisition of The Athletic.

Source: New York Times August 08, 2023 18:16 UTC