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On a per-share basis, New York Times earned 9 cents per share in the latest quarter. Photo: Reuters
On a per-share basis, New York Times earned 9 cents per share in the latest quarter. Photo: Reuters

New York Times posts $15 million profit in Q2

New York Times reported a profit in the second quarter compared to a year-ago loss as it signed up more digital subscribers resulting in revenue rising by 9.2% to $407.1 million

Bengaluru: The New York Times Co. on Thursday reported a profit in the second quarter compared to a year-ago loss as the newspaper publisher signed up more digital subscribers.

The company reported a profit of $15.6 million in the second quarter compared to a loss of $211,000, a year earlier. On a per-share basis, the company earned 9 cents per share in the latest quarter.

Revenue rose 9.2% to $407.1 million. Reuters

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