The New York Times Basks in the Glow of Digital Revenue

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.

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Source: Fool.com