youtube
The New York Times saw its shares plummet 15% despite reporting an 11% increase in consolidated revenue and earnings per share of $0.69. Strong digital subscription growth and advertising revenue drove the top-line performance, but investors remain cautious. Concerns over decelerating digital subscriber growth and potential traffic headwinds from major technology platform changes led to a Seeking Alpha Quant rating of Hold, even as management targets 12% to 15% digital revenue growth moving forward.
|
