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New York Times beats estimates for first-quarter revenue
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New York Times beats estimates for first-quarter revenue
May 8, 2024 4:40 AM

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)

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