New York Times reports higher Q2 profit and revenue as subscriber growth slows

The news-and-media company said quarterly profit rose to $93.4 million, or 57 cents a share, from $82.9 million, or 50 cents, a year earlier.

Summary

New York Times reported higher profit and revenue in the second quarter, but subscriber growth slowed from the prior quarter. The company said Wednesday that quarterly profit increased to $93.4 million, or 57 cents a share, from $82.9 million, or 50 cents a share, a year earlier.

Terms & Concepts
  • subscriber growth: Increase in paying readers over time
  • cents a share: Earnings per share, a per-stock profit measure