Reported 21 days ago
The New York Times reported slower growth in digital subscribers during the third quarter, adding 260,000 subscribers—below expectations—due to tightening consumer spending as inflation impacts the market. Despite a significant rise in digital ad sales, the company's shares fell by 8%. The Times aims for 15 million digital subscribers by 2027, having reached 11 million, while projecting a modest increase in subscription revenue for the fourth quarter, slightly missing analyst expectations.
Source: YAHOO