The New York Times Co. (NYSE: NYT) reported Q2 EPS of $0.13, versus $0.07 reported last year. Revenue for the quarter fell 1.5% to $382.9 million versus the consensus estimate of $383.47 million.

Circulation and other revenues increased 0.9 percent and 4.5 percent, respectively, while advertising revenues declined 5.5 percent.

“Our Company’s digital progress continued in the second quarter, with double-digit year-over-year growth in both digital advertising and digital subscription revenue,” said Mark Thompson, president and chief executive officer. “We added 33,000 net digital subscribers in the quarter. That means that, in addition to our 1.1 million print-and-digital subscribers, we ended Q2 with 990,000 paid digital-only subscribers. And as we announced separately this morning, we surpassed the million digital subscriber milestone just last week. The number of digital subscriber additions in the second quarter was higher than in the same quarter in either 2014 or 2013, despite the impact of our decision to switch NYT Now from a subscription to a free product. Strong growth in international subscriptions and improved retention contributed to the result.

“Digital advertising also saw another strong quarter – finishing up 14 percent and rounding out a full year of double-digit revenue growth that started in the second half of 2014. Q2’s digital strength was again driven by growth in mobile, Paid Posts and video.

“Cost declines outpaced the decrease in overall revenues, which was primarily driven by continued pressure on print advertising, and led to strong adjusted operating profit growth in the quarter. Expense management will remain a top priority as we head into the second half of 2015, although our emphasis on digital investment and execution is also more intense than ever.

“We recently initiated several important relationships – with Apple, Facebook and Starbucks – all of which we believe will enable us to reach new audiences for our journalism as well as provide incremental revenue.”

For earnings history and earnings-related data on The New York Times Co. (NYT) click here.