New York Times gains as Q3 profit beats estimates (NYT:NYSE)
5 Articles
5 Articles
New York Times Adds 420,000 Subs As Q3 Digital Revenue Rises
The company reported quarterly revenue of $768.5 million, up 9.7% from $700.8 million a year earlier. Net income rose 19.2% to $97.4 million, while diluted earnings per share came in at 60 cents. Adjusted earnings were 68 cents per share. The results topped analyst consensus estimates of $766.9 million and 65 cents a share.
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dagensmedia.seThe New York Times continues to attract more and more digital subscribers. In the third quarter, 420,000 digital subscribers were added compared to 280,000 in the previous quarter.
The New York Times continues to attract more and more digital subscribers. During the third quarter, 420,000 digital subscribers were added compared to 280,000 in the previous quarter. This means that the publicly traded media company made a profit of 68 cents per share, higher than market expectations. In recent years, The New York Times has managed to attract readers by offering readers, in addition to the newspaper's journalism, for example, …
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