New York Times reports Q2 EPS $0.32 ($0.36 adj) vs $0.14 ($0.18 adj) YoY; digital subs add 142k, total >8M

NEW YORK TIMES CO

2021-Q2 EPS reported $0.57 revenue$971,542,000

Diluted EPS from continuing ops $0.32, up from $0.14; adjusted diluted EPS $0.36 vs $0.18.
Operating profit $73.3M, adj. operating profit $92.9M; revenue higher across subscription, advertising, other.
Added 142,000 net digital subscriptions in Q2 (77k News, 65k Cooking/Games); total paid subscriptions >8 million.
Expects total annual net subscription additions in range of 2019; Q2 typical softest quarter.
CEO cites strong revenue and profit growth, investing in products and bundle; addressable market ~100M English-language journalism payers.

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