{"id":12034,"date":"2023-11-10T05:52:46","date_gmt":"2023-11-10T05:52:46","guid":{"rendered":"https:\/\/infundpros.com\/markets\/stocks\/new-york-times-earnings-benefit-from-ad-market-rebound-shares-surge\/"},"modified":"2023-11-10T05:52:47","modified_gmt":"2023-11-10T05:52:47","slug":"new-york-times-earnings-benefit-from-ad-market-rebound-shares-surge","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=12034","title":{"rendered":"New York Times earnings benefit from ad market rebound, shares surge"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. People walk past the New York Times Building in New York August 14, 2013. People accessing nytimes.com earlier on Wednesday saw a message that the service was unavailable. New York Times Co spokeswoman Eileen Murphy said the company thinks the cause of t<\/span>
\n<\/i>\n<\/div>\n

By Arsheeya Bajwa<\/p>\n

(Reuters) -New York Times rode on a recovery in the advertising market and rising subscriptions for its higher-priced bundles to surpass quarterly revenue estimates on Wednesday, sending shares of the publisher more than 7% higher.<\/p>\n

The Times has in recent years leaned on its combined offerings of news, entertainment and lifestyle articles and podcasts – what it calls a bundle – to help move closer to its goal of 15 million subscribers by 2027.<\/p>\n

It added 210,000 digital-only subscribers in the September quarter to hit a total of 9.7 million, compared with an addition of 180,000 in the previous three months.<\/p>\n

Revenue was $598.3 million, above analysts’ average estimate of $589.4 million, according to LSEG data. <\/p>\n

“In the third quarter, we saw the largest-ever volume of bundled subscribers graduate from promotional to higher prices,” CEO Meredith (NYSE:) Kopit Levien said.<\/p>\n

The company expects at least half of its subscribers over the next few years to be on the bundle, Levien added, with subscription revenue, which rose 9.4%, accounting for more than two-thirds of the total.<\/p>\n

The company also earned more average revenue per user for bundled subscriptions at $12.81, compared with a total digital-only ARPU of $9.28.<\/p>\n

The Times saw quarterly advertising revenue increase 6% year-over-year to $117.1 million, exceeding market expectations as well, in a sign that the ad sales market is on the rebound. Tech giants Meta (NASDAQ:) and Alphabet (NASDAQ:) also saw their advertising businesses bounce back. <\/p>\n

Still, NYT expects total advertising revenue to decrease 4-8% in the fourth quarter and sees a low-to-mid-single-digit decline in digital ad revenue.<\/p>\n

“I don’t think there will be a decline in digital advertising, I think they’re being conservative,” said Cannonball Research analyst Vasily Karasyov.<\/p>\n

Digital ad revenue may end up in growth, Karasyov added.<\/p>\n

Revenue from the Athletic, its games and sports news offering, jumped nearly 46%.<\/p>\n

NYT reported adjusted earnings of 37 cents per share, beating estimates of 29 cents.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. People walk past the New York Times Building in New York August 14, 2013. People accessing nytimes.com earlier on Wednesday…<\/p>\n","protected":false},"author":1,"featured_media":12035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":{"0":"post-12034","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nNew York Times earnings benefit from ad market rebound, shares surge | inFundPros<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. People walk past the New York Times Building in New York August 14, 2013. People accessing nytimes.com earlier on Wednesday saw a message that\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=12034\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York Times earnings benefit from ad market rebound, shares surge | inFundPros\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. People walk past the New York Times Building in New York August 14, 2013. People accessing nytimes.com earlier on Wednesday saw a message that\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=12034\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-10T05:52:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-10T05:52:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/LYNXMPEA5N14N_M.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"450\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=12034#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=12034\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"New York Times earnings benefit from ad market rebound, shares surge\",\"datePublished\":\"2023-11-10T05:52:46+00:00\",\"dateModified\":\"2023-11-10T05:52:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=12034\"},\"wordCount\":369,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Stocks\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=12034#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=12034\",\"url\":\"https:\/\/infundpros.com\/?p=12034\",\"name\":\"New York Times earnings benefit from ad market rebound, shares surge | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-11-10T05:52:46+00:00\",\"dateModified\":\"2023-11-10T05:52:47+00:00\",\"description\":\"\u00a9 Reuters. People walk past the New York Times Building in New York August 14, 2013. People accessing nytimes.com earlier on Wednesday saw a message that\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=12034#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=12034\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=12034#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New York Times earnings benefit from ad market rebound, shares surge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New York Times earnings benefit from ad market rebound, shares surge | inFundPros","description":"\u00a9 Reuters. People walk past the New York Times Building in New York August 14, 2013. People accessing nytimes.com earlier on Wednesday saw a message that","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=12034","og_locale":"en_US","og_type":"article","og_title":"New York Times earnings benefit from ad market rebound, shares surge | inFundPros","og_description":"\u00a9 Reuters. People walk past the New York Times Building in New York August 14, 2013. People accessing nytimes.com earlier on Wednesday saw a message that","og_url":"https:\/\/infundpros.com\/?p=12034","og_site_name":"inFundPros","article_published_time":"2023-11-10T05:52:46+00:00","article_modified_time":"2023-11-10T05:52:47+00:00","og_image":[{"width":450,"height":300,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/LYNXMPEA5N14N_M.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=12034#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=12034"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"New York Times earnings benefit from ad market rebound, shares surge","datePublished":"2023-11-10T05:52:46+00:00","dateModified":"2023-11-10T05:52:47+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=12034"},"wordCount":369,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Stocks"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=12034#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=12034","url":"https:\/\/infundpros.com\/?p=12034","name":"New York Times earnings benefit from ad market rebound, shares surge | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-11-10T05:52:46+00:00","dateModified":"2023-11-10T05:52:47+00:00","description":"\u00a9 Reuters. People walk past the New York Times Building in New York August 14, 2013. People accessing nytimes.com earlier on Wednesday saw a message that","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=12034#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=12034"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=12034#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"New York Times earnings benefit from ad market rebound, shares surge"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/12034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12034"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/12034\/revisions"}],"predecessor-version":[{"id":12036,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/12034\/revisions\/12036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/12035"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}