New York Times Reports 19.2 Percent Growth in Subscriptions in Q4
While The New York Times Company (NYSE: NYT) reported a net loss of $57.8 million, or $0.35 per diluted share, in the fourth quarter of 2017, the company also experienced some impressive growth. Total revenue for Q4 was $484.1 million, or 10.1 percent higher, than $439.7 million in revenue reported for Q4 2016. Subscription revenue grew 19.2 percent, other revenues increased 12.0 percent, and advertising revenue decreased 1.3 percent.
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