New York Times posts upbeat results on boost from digital subscriptions

The New York Times headquarters in New York.

The New York Times Company beat estimates for first-quarter revenue and profit on Wednesday, as its bundled content offering attracted more subscribers to its website and app ahead of major sports events and the 2024 US presidential elections.

The publisher of The New York Times newspaper has focused more on bundling its core news with other content ranging from podcasts to cooking recipes and games to attract readers and drive revenue growth. The company reported revenue of $594m (€552.7m), above analysts' estimates. On an adjusted basis, it earned 31 cents per share, compared with the estimates of 20 cents.