The New York Times Company Reports 2019 Second-Quarter Results
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The New York Times Co. (NYT) Tops Q2 EPS by 2c
August 7, 2019 8:32 AM EDTThe New York Times Co. (NYSE: NYT) reported Q2 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $436.3 million versus the consensus estimate of $438.66 million.
Mark Thompson, president and chief executive officer, The New York Times Company, said, We had another strong quarter in digital subscription growth and were making steady progress toward our goal of reaching 10 million total subscriptions by 2025. In Q2, we added 197,000 net new digital-only subscriptions, 131,000 of which came from our core news product and the rest from our rapidly expanding Cooking and Crossword... More
