secwatch.observer — SEC 8-K summary
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Issuer:     NEW YORK TIMES CO (NYT)
CIK:        0000071691
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000071691-23-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYT Q1 EPS $0.13, digital subs 9.02M with 190k net adds, ad revenue down 8.5%
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- Diluted EPS $0.13 (prior $0.03); adjusted diluted EPS $0.19 (prior $0.21); operating profit $27.9M vs $6.3M.
- Total revenue $560.7M (+4.3% YoY); digital-only subscription revenue $258.8M (+14.1%); digital advertising revenue $61.3M (-8.5%).
- Digital-only subscribers grew to 9.02M, adding 190k net; bundle and multi-product subs crossed 3M; ARPU $9.04.
- The Athletic segment adjusted operating loss $7.8M vs $6.8M due to full quarter inclusion vs ~2 months in prior year.
- Management highlighted slowing cost growth for third straight quarter and confident on strategy for larger, more profitable company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71691/000007169123000014/0000071691-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71691/000007169123000014/nyt-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000071691-23-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer