New York Times Q3 Total Subs 10.08M, Up 210K From Q2; Total Digital-Only ARPU $9.28 +4.6% Q/Q
Portfolio Pulse from Benzinga Newsdesk
The New York Times reported Q3 total subscribers of 10.08 million, up 210K from Q2. The total digital-only average revenue per user (ARPU) was $9.28, a 4.6% increase quarter-over-quarter. The company's total revenues for Q3 were $598.3 million, a 9.3% increase year-over-year. The operating profit was $63.6 million, with an operating profit margin of 10.6%.
November 08, 2023 | 12:07 pm
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POSITIVE IMPACT
The New York Times reported a positive Q3 with an increase in total subscribers, digital-only ARPU, and total revenues. The operating profit also increased, indicating a strong financial performance.
The New York Times' Q3 report shows growth in key areas such as total subscribers and digital-only ARPU, which are crucial for the company's revenue. The increase in total revenues and operating profit indicates a strong financial performance, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100