Overview
- NYT added about 460,000 net digital-only subscribers in the third quarter, pushing total subscribers past 12 million.
- Digital-only subscription revenue rose 14% to $367.4 million as average revenue per user increased 3.6% to $9.79.
- Digital advertising revenue jumped 20.3% on strong marketer demand and new ad supply.
- The company guided fourth-quarter total subscription revenue growth of 8%–10% and projected digital-only subscription gains of 13%–16%, with digital ad growth in the mid-to-high teens.
- Bundling of news with Games, Cooking and The Athletic helped offset declines in news-only plans; shares rose about 4% in premarket trading, and the company recorded a $2.4 million pre-tax cost tied to its OpenAI/Microsoft lawsuit.