NYT Q2 revenue up 11.5% to $555.7M; operating profit down 29.5% on Athletic losses

NEW YORK TIMES CO

2022-Q2 EPS reported $0.40 revenue$1,093,105,000

Operating profit $51.7M (-29.5%); adjusted operating profit $76.2M (-18.0%) due to The Athletic losses.
Digital subscription revenue $238.7M (+25.5%); added 180,000 net digital-only subscribers.
Diluted EPS from continuing ops $0.37 (+$0.05); adjusted diluted EPS $0.24 (-$0.12).
Adjusted operating loss at The Athletic segment was $12.6M in the quarter.
Company reaffirms full-year profit outlook despite market uncertainties.

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