In the last quarter of 2024, The New York Times Company reported an addition of 350,000 digital-only subscribers, increasing its total to over 11.4 million. This growth contributed to a 7.5% rise in quarterly revenue to $726.6 million, with an annual revenue of $2.6 billion, marking 8.4% growth in subscription revenue. Despite the digital gains, print subscriptions fell to 610,000. CEO Meredith Kopit Levien remains optimistic about sustained growth in subscribers and revenue through varied offerings, even as litigation costs rose due to an ongoing lawsuit against OpenAI and Microsoft.
The New York Times Company has seen a substantial increase in its digital-only subscriber base, adding 350,000 new subscribers last quarter, totaling over 11.4 million.
The Times generated $726.6 million in revenue during the last quarter of 2024, a 7.5% increase from the previous year, reflecting strong growth momentum.
While digital subscriptions rose significantly, print subscriptions are diminishing swiftly, with numbers declining from 730,000 at the end of 2022 to just 610,000 by the end of 2024.
CEO Meredith Kopit Levien expressed confidence in continuing healthy growth for the coming year across subscribers, revenue, and profitability, bolstered by diverse product offerings.
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