The New York Times Co. (NYSE: NYT) reported Q2 EPS of $0.36, $0.09 better than the analyst estimate of $0.27. Revenue for the quarter came in at $498.5 million versus the consensus estimate of $487.68 million.

Outlook:

• Total subscription revenues in the third quarter of 2021 are expected to increase approximately 13 percent to 15 percent compared with the third quarter of 2020, with digital-only subscription revenue expected to increase approximately 25 percent to 30 percent.
• Total advertising revenues in the third quarter of 2021 are expected to increase approximately 30 percent to 35 percent compared with the third quarter of 2020, with digital advertising revenue expected to increase approximately 40 percent to 45 percent.
• Other revenues in the third quarter of 2021 are expected to increase approximately 5 percent compared with the third quarter of 2020.

Operating costs and adjusted operating costs in the third quarter of 2021 are expected to increase approximately 18 percent to 20 percent compared with the third quarter of 2020 as the Company continues to invest in the drivers of digital subscription growth and compare against the low spending last year as a result of actions taken during the first year of the pandemic.

• The Company expects the following on a pre-tax basis in 2021:
• •Depreciation and amortization: approximately $60 million,
• •Interest income and other, net: $5 million to $7 million, and
• •Capital expenditures: approximately $50 million.
  

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