New York Times earnings benefit from ad market rebound, shares surge

📆 08/11/2023 18:56:00
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New York Times earnings benefit from ad market rebound, shares surge

© Reuters. People walk past the New York Times Building in New York August 14, 2013. People accessing nytimes.com earlier on Wednesday saw a message that the service was unavailable. New York Times Co spokeswoman Eileen Murphy said the company thinks the cause of t

The Times has in recent years leaned on its combined offerings of news, entertainment and lifestyle articles and podcasts - what it calls a bundle - to help move closer to its goal of 15 million subscribers by 2027. Revenue was $598.3 million, above analysts' average estimate of $589.4 million, according to LSEG data.

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New York Times stock rises in premarket trading after earnings beat analyst estimateSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
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