The publishing giant reported digital-only readers increased 36% during the quarter, but print subscribers decline
The New York Times Company said its digital-only subscriptions leaped 36% in the second quarter, offsetting a nearly 7% decline in print subscriptions over the past year, but digital advertising revenue slipped 2.4%.
The company reported adjusted earnings of 24 cents per share, soundly topping the average 19 cents per share that analysts were expecting, according to Yahoo Finance. Total revenue for the second quarter rose 11.5% to $555.7 million, from $498.5 million in the 2021 second quarter.
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