Strong Subscriber Growth
The New York Times added 250,000 net new digital subscribers, surpassing 11 million digital-only subscribers, bringing the total subscriber base to 11.7 million.
Digital Subscription Revenue Surge
Digital subscription revenue, the largest and fastest-growing revenue stream, increased by more than 14%.
Digital Advertising Growth
Digital advertising revenue grew 12%, marking the strongest growth rate in three years.
Pulitzer Prize Recognition
The New York Times was awarded four Pulitzer Prizes for various outstanding reporting projects.
Significant Free Cash Flow
The company generated approximately $90 million of free cash flow in the first quarter, including a one-time benefit of approximately $33 million from the sale of excess land.
Engagement and Product Innovation
High engagement levels were reported, driven by new content, shows, features, and games. On-platform engagement with audio and video more than doubled in Q1.