Sure, here's the translation: "New York Times on Course for Success: Impressive Growth in Digital Subscribers and Solid Revenue Increase

  • The New York Times records significant increases in digital subscriptions.
  • Revenue and operating profit increased impressively.

Eulerpool News·

The New York Times Company recorded an impressive increase of approximately 300,000 new digital subscribers in the past quarter, bringing the total number of subscriptions to over 10.8 million. This facilitated an impressive 13.6 percent year-over-year profit increase. The company’s adjusted operating profit for the quarter from April to June rose to $104.7 million, compared to $92.2 million in the same period of the previous year. Total revenue also increased by 5.9 percent to $625.1 million compared to the previous year. Of the total 10.8 million subscribers, 10.2 million are purely digital subscribers. The company's ambitious goal of reaching 15 million subscribers by the end of 2027 is thus within reach. A growing share of the digital subscribers uses more than one product of the Times Company, including its news report, games, recipes, the Wirecutter review site, and the sports news site The Athletic. Meredith Kopit Levien, CEO of the Times Company, emphasized in a statement that the combination of high-quality journalism and lifestyle products offers the company 'complementary offerings' with diverse growth opportunities. 'Together, we believe that these make us resilient in a changing media landscape and well-positioned for ongoing value creation,' Levien said. Subscription revenues increased by 7.3 percent in the quarter to $439.3 million compared to the previous year. Advertising revenues also increased by 1.2 percent to $119.2 million. Digital advertising rose by 7.8 percent year-over-year to $79.6 million, while print advertising fell by 10 percent to $39.6 million. Adjusted operating costs increased by 4.4 percent in the quarter to $520.4 million, an increase that the company attributed to higher expenses for journalism, product development, and administration, as well as ongoing legal disputes with Microsoft and OpenAI. The Athletic, which was acquired in 2022 for $550 million, remains unprofitable but managed to reduce its losses from $7.8 million in the previous year to $2.4 million in the last quarter. The website’s revenue rose by 33.4 percent to $40.5 million due to an increase in subscribers and higher display advertising revenue. The Athletic currently has 5.3 million purely digital subscribers, including those who have either a standalone subscription or access through a Times subscription. This represents an increase of 3.6 million compared to the previous year. The company expects further growth in both subscription and advertising revenues in the third quarter of the year.
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