The New York Times Company Reports 2020 Second-Quarter Results
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The New York Times Co. (NYT) Tops Q2 EPS by 17c, Revenues Fall But Beat Views
August 5, 2020 7:05 AM EDTThe New York Times Co. (NYSE: NYT) reported Q2 EPS of $0.18, $0.17 better than the analyst estimate of $0.01. Revenue for the quarter came fell 7.5% to $403.8 million versus the consensus estimate of $386.92 million.
The Company ended the second quarter of 2020 with approximately 6,510,000 subscriptions across its print and digital products. Paid digital-only subscriptions totaled approximately 5,670,000, a net increase of 669,000 subscriptions compared with the end of the first quarter of 2020 and a net increase of 1,890,000 subscriptions compared with the end of the second quarter of 2019. Of the 669,000 total net additions, 493,000 came from the Companys digital news... More
