It’s that time of the year again. Publicly traded subscription companies are issuing their quarterly financials. Of the five companies we reviewed – Netflix, McClatchy, Microsoft, Apple and The New York Times – most of the numbers are up, and some are experiencing solid success. Others, like McClatchy, continue to suffer, as revenue and audiences drop.

Perhaps the most relevant news to other subscription companies are topics we’ve discussed before:

• Involuntary churn will continue to be a problem through 2016

• Digital and mobile audiences are growing

• Cloud services are gaining in popularity

Here are highlights from the latest quarterly financials:

Netflix (NASDAQ: NFLX)

Netflix was the first of the big subscription companies to announce its third quarter earnings on October 14. Global subscriptions grew by 3.62 million to 69.17 million members, compared to 3.02 for the same period last year and a forecast of 3.55.

Global growth was up, adding 2.74 million new international members, compared to 2.04 the prior year and a 2.4 million forecast. U.S. growth, however, was only 0.88, down from 0.98 million the prior year and a forecast of 1.15 million. Netflix blames “higher-than-expected involuntary churn” for the slower growth. Operating income was also down, coming in at $74 million, compared to $110 million for the same period last year and a forecast of $81 million.

These numbers are expected to improve in the fourth quarter with recent price hikes for new subscribers in the U.S., Canada, Latin America and Europe. The price increase will help Netflix raise more money for new content.

The McClatchy Company (NYSE: MNI)

The McClatchy Company, which is in the process of a major overhaul, reported weak earnings for the third quarter of 2015. Here are a few of the highlights from the company’s October 27 press release:

• Total revenue was $258.1 million, down 7.0% year over year

• Total advertising revenue, based on gross sales, was $156.7 million, down 10.2% year over year

• National advertising revenue increased by 2.0%

• National digital advertising revenue finished at 35.2%, offsetting the decline in national print ad revenue

• Digital-only advertising revenue grew 9.6%

• Direct marketing advertising revenue dropped 2.8%

• Audience revenues were $89.3 million, a 2.2% decline for the same period last year

• Total digital audiences, however, grew 12.4% year over year, and digital-only audience revenues were up 34.4%

• Digital-only subscribers grew 16.4% to 77,600, but monthly unique visitor count was down 3.2%

• Mobile users represented 54.9% of total monthly unique visitors for Q3

“Despite challenging headwinds, our revenue and expense initiatives continue to gain traction. This is evidenced by the improvement we saw in our operating cash flow trend in the third quarter compared to the first two quarters of 2015. We expect this trend to continue to improve with growth in operating cash flow in the fourth quarter,” said Pat Talamantes, McClatchy president and CEO.

Despite the weak financials, McClatchy said it has reduced debt principal by $25 million, and it will continue to review real estate assets “to identify strategic monetization alternatives” for consideration.

For Q4, McClatchy is expecting an increase in digital-only ad revenues and a decrease in cash expenses. Operating cash flow is expected to growth, while direct marketing and audience revenue will remain flat compared to Q4 of 2014.

Microsoft (NASDAQ: MSFT)

Operating on fiscal year 2016, Microsoft’s first quarter of 2016 ended September 30, 2015. Last week it announced results for that quarter, including the following highlights:

• Windows 10 is running on 110 million devices

• Office 365 subscribers grew by 3 million for a total of 18.2 million subscribers

• Revenue in Productivity and Business Processes dropped 3% to $6.3 billion

• Revenue in Intelligent Cloud grew 8% to $5.9 billion

• Revenue in More Personal Computing dropped 17% to $9.4 billion

• Revenue of $20.4 billion (GAAP), a drop from $23.2 billion, year-over-year

• Revenue of $21.7 billion (non-GAAP), a drop from $23.2 billion, year-over-year

• Net income of $4.6 billion (GAAP), a slight increase over $4.5 (GAAP), year-over-year

• Net income of $5.380 billion (non-GAAP), a slight drop from $5.449 billion, year-over-year

• Microsoft incurred $1.14 billion in integration and restructuring expenses in the third quarter

In Forbes’ analysis of the earnings report, it noted that the decline in Office products and services was due to the transition to the cloud-based Office 365.

“As the subscription model sets in, revenues for this division are expected to grow and become more recurring and predictable going forward,” said the Trefis Team for Forbes.

Windows OEM, pro and non-pro, licensing revenues declined by 7% and 4%, respectively, as a result of the slowdown in global PC sales. In online services, online search advertising revenue grew 29%, now at over $1 billion, a nice chunk of change for the tech giant.

“We’re seeing great traction with businesses who want to bring Microsoft’s cloud, mobile device management technology and data analytics together to improve security and productivity resulting in almost 70 percent year-over-year growth in our commercial cloud run rate,” said Kevin Turner, Microsoft’s chief operating officer in the October 22 announcement.

Apple (NASDQ: AAPL)

Last week Apple announced its quarterly results for its 2015 fiscal year, ending September 26, 2015. Apple enjoyed a good quarter with solid growth. Highlights include:

• Revenue of $51.5 billion, compared to $42.1 billion, year-over-year

• Net profit of $11.1 billion, compared to $8.5 billion, year-over-year

• International sales accounted for 62% of the quarter’s revenue

• Earnings per share grew 38%, and operating cash flow was $13.5 billion

• Apple News has 40 million users

According to Apple’s October 27 press release, growth was fueled by sales of the iPhone, Apple Watch and Mac and revenue from services.

“Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28% to nearly $234 billion. This continued success is the result of our commitment to making the best, most innovative products on earth, and it’s a testament to the tremendous execution by our teams,” said Tim Cook, Apple’s CEO.

For the next quarter, which includes the holiday season, Apple is forecasting revenue between $75.5 and $77.5 billion, a sizable increase over the most recent quarter. Cook said Apple is heading into the holidays with its strongest line-up of products, including the all-new Apple TV.

New York Times (NYSE: NYT)

The New York Times posted its third quarter 2015 earnings this week as well. The Times has been making significant changes as well, planning to double its digital audience and ad revenue by 2020.

The Times’ adjusted operating profit increased to $47.6 million, compared to $40.0 million the same time last year. Operating profit was $21.9 million, compared to a loss of $9.0 million, year-over-year. The Times credits this shift in operating profit to revenue growth and cost reductions.

“This was a strong quarter for The New York Times Company. We achieved significant growth in adjusted operating profit with strength across many areas of our business,” said Mark Thompson, president and chief executive officer.

Another big highlight for The Times is its increase in net digital subscribers. In the third quarter of 2015, it added 51,000 new digital subscribers, bringing its total to 1.041 million. This 19% increase is the largest increase in digital subscriptions since the fourth quarter of 2012.

“Moving forward, our focus remains on rapidly growing our digital business and maintaining the long-term strength and viability of our print operation,” Thompson added.

Other highlights include:

• Total revenue increased 0.7% to $367.4 from $364.7 million

• Circulation and other revenues grew 1.1% and 16.2%, respectively

• Advertising revenues declined 2.1%

• Operating costs dropped 7.6% to $345.5 million from $373.8 million resulting from declines in severance, depreciation and amortization, print distributions efficiencies and lower raw materials and outside printing costs

What’s next for The Times? In the fourth quarter, the company is forecasting circulation revenues to increase at a similar rate as the third quarter, while total advertising revenue will decline, and digital advertising will increase. Operating costs will continue to decline.

The Times credits the increase in circulation revenue from the company’s digital initiatives. It also said the January increase in home-delivery prices helped offset the decline in print copies sold.