New York Times Expects FY23 Adjusted Basis Digital-only Subscription Growth 13% - 16%, Total Subscription Revenues Growth 8% - 11%
Portfolio Pulse from Benzinga Newsdesk
The New York Times (NYT) anticipates a 13%-16% growth in digital-only subscription for FY23, with total subscription revenues expected to grow by 8%-11%.
November 08, 2023 | 12:14 pm
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POSITIVE IMPACT
NYT expects significant growth in digital-only subscriptions and total subscription revenues for FY23.
The New York Times' projected growth in digital-only subscriptions and total subscription revenues indicates a positive outlook for the company's financial performance in FY23. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100