NYT - New York Times Reports Mixed Q4 Earnings On Higher Subscriptions Lower Ad Revenues; Adds 300k Digital Subscribers | Benzinga
Wednesday, New York Times Co (NYSE:NYT) reported fourth-quarter 2023 adjusted EPS of EPS $0.70, up from $0.59 a year ago, beating the consensus of $0.58.
The company reported sales of $676.22 million, missing the consensus of $679.24 million, up 1.3% Y/Y.
The company added approximately 300,000 net digital-only subscribers compared with the end of the third quarter of 2023, fueled by the bundle and multi-product subscriber additions, with total subscribers of 10.36 million and 9.7 million digital-only subscribers.
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