May 8 (Reuters) - New York Times ( NYT ) beat estimates for
first-quarter revenue on Wednesday, as its bundled content
offering attracted more subscribers to its website and app ahead
of the Paris Summer Olympics and the 2024 U.S. presidential
elections.
The company reported revenue of $594 million, compared with
analysts' estimates of $591.9 million, according to LSEG data.
Subscription revenue rose nearly 8% to $429 million,
while
total advertising revenue fell 2.4% to $103.7 million for
the quarter.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Anil
D'Silva)