2023-08-08 07:06:26 ET
- New York Times press release ( NYSE: NYT ): Q2 Non-GAAP EPS of $0.38 beats by $0.17 .
- Revenue of $590.9M (+6.3% Y/Y) beats by $9.97M .
- Operating profit increased to $55.8 million in the second quarter of 2023 from $51.7 million in the same period of 2022, and adjusted operating profit (defined below) increased to $92.2 million from $76.2 million.
- In each case, the increase was due to higher digital subscription and other revenues, partially offset by higher operating costs.
- Adjusted operating profit at The New York Times Group segment (“NYTG”) increased to $100.0 million from $88.8 million primarily as a result of higher digital subscription and other revenues, partially offset by higher adjusted operating costs and lower advertising revenues.
- Outlook :
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New York Times Non-GAAP EPS of $0.38 beats by $0.17, revenue of $590.9M beats by $9.97M