August 1, 2017

The New York Times (NYSE: NYT) reported a solid second quarter for the period ended June 30, 2017, including big gains in digital subscriptions and advertising revenue. Total revenue for the second quarter was $407.1 million, a 9.2 percent increase year-over-year. Subscription revenues grew 13.9 percent, other revenue increased 12.8 percent, and advertising revenues grew slightly at 0.8 percent. The Times’ paid digital-only subscriptions exceeded the two-million mark during the second quarter at approximately 2.33 million subscribers at the end of Q2, representing a net increase of 114,000 subscribers, compared to the first quarter of 2017, and a 63.4 percent increase compared to the same period last year.