NYT Q2 2024: Digital subscriptions add 300k, revenue up 5.8%, EPS $0.40

NEW YORK TIMES CO

2024-Q2 EPS reported $0.64 revenue$1,219,112,000

Net added 300k digital-only subscribers in Q2, reaching 10.21M total digital subscribers.
Digital-only subscription revenue up 12.9% YoY to $304.5M; ARPU rose 2.1% to $9.34.
Total revenue $625.1M, +5.8% YoY; operating profit $79.4M (+42.4% YoY).
Diluted EPS $0.40 vs $0.28 YoY; adjusted diluted EPS $0.45 vs $0.38.
Digital ad revenue up 7.8% YoY to $79.6M, driven by display at The Athletic and NYTG.

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