new York Times The New York Times Company reports better-than-expected third-quarter sales and earningswall Street It is expected to benefit mainly from the strong expansion of non-news products such as games and cooking.
The New York Times said on the 4th that earnings per share excluding some items in the last quarter were 68 cents, higher than analysts’ expectations of 64 cents; Total revenue was US$768.5 million, roughly in line with the forecast of US$768 million.
At a time when many publishers are struggling with falling traffic, The New York Times is working on its newsrecipe Shopping recommendations and games, etc., continue to attract new paying users. The company has also expanded into non-traditional news products, including podcasts and short-form videos.
The New York Times added 420,000 new subscribers in the third quarter, up from 280,000 in the previous quarter. The company currently has 13.8 million subscribers, up from its previous forecast of 13.6 million.
When The New York Times announced its second-quarter earnings in August, concerns arose on Wall Street as operating costs continued to rise. The company attributed the 10% increase in expenses to an increase in salary expenses and the development of new products, including investments in audio and video news.
Currently, The New York Times is suing Microsoft and OpenAI and other companies in court, accusing these technology companies of using their content when developing artificial intelligence (AI) products. It is also facing a defamation suit filed by US President Trump.
