People walk past the New York Times Building in New York August 14, 2013. Revenue was $598.3 million, above analysts' average estimate of $589.4 million, according to LSEG data. "In the third quarter, we saw the largest-ever volume of bundled subscribers graduate from promotional to higher prices," CEO Meredith Kopit Levien said. The Times saw quarterly advertising revenue increase 6% year-over-year to $117.1 million, exceeding market expectations as well, in a sign that the ad sales market is on the rebound. Still, NYT expects total advertising revenue to decrease 4-8% in the fourth quarter and sees a low-to-mid-single-digit decline in digital ad revenue.

Source: New York Times November 08, 2023 12:11 UTC