The New York Times gained 300,000 digital subscribers and grew its adjusted operating profit by 13.6% last quarter, the company announced Wednesday.
The Times currently has 10.84 million subscribers and has set a goal of hitting 15 million by the end of 2027. That growth — much of it driven by subscriptions to a “bundle” of the Times’ news, cooking and games offerings — has helped the company stay profitable at a time when many news organizations are struggling. The Times ended its last quarter with an adjusted operating profit of $104.7 million and grew its total revenues 5.8% year-over-year to $625.1 million.
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