Digital Subscription GrowthDigital subscription revenues still came in modestly ahead of expectations, led by ARPU growth across both Bundle and news-only subscribers.
Financial PerformanceContinued confidence in healthy +12-13% EBITDA CAGR driven by NYT's scale, pricing power, and operating leverage.
Strategic InitiativesAdditional upside from potential AI licensing agreements position the company to deliver strong double-digit growth in Adj. Operating Profit and to return increasing amounts of capital to shareholders.