NYT Q1 GAAP EPS $0.03, adjusted $0.19; adds 387k digital subscribers; corrects prior counts

NEW YORK TIMES CO

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

GAAP diluted EPS $0.03 (vs $0.24 YoY); adjusted EPS $0.19 (vs $0.26)
Operating profit $6.3M (vs $51.7M) due to Athletic acquisition costs and losses
Digital subscription revenue +26%; total advertising revenue +20%
Net digital subscriber additions 387k; total subscribers 9.1M
Corrected Digital News subscriber understatement: ~43k (Q1 2021), ~42k (Q4 2021)

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