The New York Times said Wednesday that he added 250,000 subscribers only digital in the last quarter, and that digital subscription revenues gave the period increased more than 14 percent.
These results helped boost adjusted operational gain 21.9 percent higher since the previous year, to $ 92.7 million in the quarter. Total revenues increased 7.1 percent to $ 636 million.
The Times had 11.66 million total subscribers at the end of the first quarter, said the company, including 600,000 printed subscribers. The company has a declared objective of 15 million subscribers by the end of 2027.
Meredith Kopit Levien, president and executive director of The Times Company, has worked to diversify the company’s income sources by offering multiple lifestyle products along with its coverage in a subscription package.
Almost half of the company’s subscribers are now subscribed to more than one of the products, which include the basic news report, the kitchen, the games, the Wirecutter product review website and the sports departure The Athletic. The average user income, an increasingly important metric for the times, increased to $ 9.54 in the quarter, an increase of 3.6 percent, partly due to the increase in package subscribers.
“Our strategy is working, and our business is growing and demonstrating resilience in the middle of the current economic and geopolitical uncertainty,” said Mrs. Capt Levien in a statement.
Digital advertising revenues increased to $ 70.9 million during the first three months of the year, 12.4 percent more than $ 63 million in the same quarter of the previous year, while total advertising revenues increased 4.2 percent to $ 108.1 million.
The revenues of the reference and license of the affiliates, such as those of Wirecutter, increased 3.7 percent from the first three months of 2024.
Quarterly operating costs were $ 577.3 million, an increase or 5.8 percent of $ 545.7 million a year.
Atlético, which the Times bought for $ 550 million in 2022, continued making a fashionable stupid. The operational gain adjusted for the quarter was $ 2.9 million, above a loss of $ 8.7 million in the same quarter in 2024, while their advertising income increased by 82.5 percent in the quarter, to $ 10.4 million. Total athletics revenues increased 27.9 percent in the first quarter, to $ 47.6 million.
