The New York Times (NYSE:NYT) reported stronger-than-expected first-quarter earnings and delivered an upbeat forecast for subscription revenue, reflecting momentum in its digital transformation strategy.
The company posted adjusted earnings of $0.41 per share, topping analyst expectations of $0.34. Total revenue reached $635.9 million, slightly ahead of the $635.29 million consensus.
Looking to the second quarter, the Times projected subscription revenue growth of 8% to 10%, surpassing the average analyst forecast of 8.2%. The company credited the expected strength to continued success with its bundled digital offerings, which combine traditional news with lifestyle content from Wirecutter, sports coverage from The Athletic, and popular games like Wordle.
The Times added roughly 250,000 digital-only subscribers during the quarter, narrowly beating Visible Alpha’s projection of 248,000. The steady subscriber growth highlights the effectiveness of its content bundling strategy and ongoing investment in audience engagement.