The New York Times Surges Past 11 Million Subscribers Amidst Strikes

In the third quarter of the year, The New York Times added approximately 260,000 paid digital subscribers, marking a significant milestone of exceeding 11 million total subscribers. The adjusted operating profit for this quarter rose by 16.1% to $104.2 million, showcasing the company's growth despite ongoing labor issues. Digital subscription revenue experienced a notable increase of 14.2% year-over-year, contributing to the overall revenue growth of 7% to $640.2 million compared to the same period in 2023. The surge in subscriptions also reflects successful bundling of products such as digital news, Cooking, Games, and The Athletic, which has turned a profit for the first time since The Times's acquisition of the sports site in 2022.