The New York Times Company added 300,000 paid digital subscribers in the fourth quarter of 2023, the company said on Wednesday, helping to push annual revenue for digital subscriptions above $1 billion for the first time.
The Times reported total revenue of $676.2 million in the last three months of the year, essentially flat compared with a year earlier.
Adjusted operating profit increased 8.5 percent, to $154 million.
It was “a strong year for The Times that showcased the power of our strategy to be the essential subscription for every curious person seeking to understand and engage with the world,” Meredith Kopit Levien, the company’s president and chief executive, said in a statement.
The company has focused in recent years on pushing a bundle of products to subscribers: its core news report as well as games like Wordle and Spelling Bee; its product review site, Wirecutter; a recipe app; and The Athletic, its sports news website.
Persons:
” Meredith Kopit Levien
Organizations:
New York Times Company, The Times, Athletic