The Times reported a stock price increase to $61.95, up 15.5%. The company achieved an adjusted operating profit of $133.8 million, a 27.8% rise year-over-year. Subscriber growth reached 230,000, totaling 11.88 million, with over half as bundle subscribers. The revenue rose 9.7% to $685.9 million, aided by digital revenue and new advertising supplies. CEO Meredith Kopit Levien showed confidence in the company's ability to grow despite challenges from big tech influence. The Times expressed interest in partnerships with AI companies aligned with its strategic goals.
The Times ended the second quarter with an adjusted operating profit of $133.8 million, marking a 27.8% increase from the same period last year.
CEO Meredith Kopit Levien expressed confidence, stating the Times sees large and persistent demand for its offerings despite challenges from big tech companies.
The Times grew its revenue 9.7% year-over-year to $685.9 million last quarter, driven by increasing subscription numbers and strong advertiser demand.
Kopit Levien indicated that the Times is open to more deals with AI companies, focusing on long-term strategy and sustainable value exchange.
Collection
[
|
...
]