The New York Times Basks in the Glow of Digital Revenue
Another quarter, another wave of digital subscriptions for The New York Times Company (NYSE: NYT). The newspaper publisher's second-quarter 2017 earnings report revealed that it's still experiencing a surge of non-print subscriptions, as a multiyear bet on content geared toward mobile devices continues to pay off. Below, we'll hit the headline numbers, followed by a detailed look into the quarter's results.
Data source: The New York Times Company.
Subscription revenue increased 13.9% to $250.0 million on the strength of a 46.4% leap in total digital-only subscriptions. Digital subscription revenue totaled $82.5 million during the quarter.
Source: Fool.com
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