New York Times reports strong growth in digital business

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New York Times reports strong growth in digital business

The Times grew its digital business to include a rich library of content that ranges from news and podcasts to crosswords and cooking recipes.

The second quarter revenue rose 23.5% to $498.5 million, compared with the average analyst estimate of $487.7 million, according to Refinitiv IBES data.

Net income attributable to common stockholders rose to $54.32 million, or 34 cents per share, in the second quarter of the year to $23.66 million, or 14 cents per share, a year earlier.