NYT Q1 EPS $0.03 vs $0.24 YoY; adds 387k digital subs; Athletic hits profit

NEW YORK TIMES CO

2022-Q1 EPS reported $0.03 revenue$537,425,000

Diluted EPS $0.03 (vs $0.24 YoY); adjusted EPS $0.19 (vs $0.26).
Operating profit $6.3M down from $51.7M due to $54M Athletic acquisition costs and losses.
Added 387k net digital subs (includes Athletic); total subs 9.1M; total subscriptions 10.4M.
Revenue +13% YoY; digital subscription rev +26%; total advertising rev +20%.

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