New York Times slips on weaker-than-expected digital subscriber growth
05/08/2026 12:37
BUZZ-New York Times slips on weaker-than-expected digital subscriber growth ** Shares of news publisher New York Times NYT.N down 7.7% at $69.74 premarket
** Co missed Wall street estimates for digital subscriber additions in Q2
** Co added 280,000 net digital-only subscribers in the second quarter, compared with analysts' average estimate of 295,300, according to data compiled by Visible Alpha
** However, co posted Q2 revenue of $762.5 mln, beating est. of $751.97; adj EPS of 69 cents, above est. of 67 cents - LSEG data
** Seven out of 12 analysts rate stock "buy" or higher, five rate it "hold"; median PT at $82 - data compiled by LSEG
** As of last close, NYT stock up 8.9% YTD
(Reporting by Tharuniyaa Lakshmi in Bengaluru)
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