New York Times forecasts quarterly subscription revenue growth above estimates
The NYT has been bundling its core news offerings with lifestyle-focused products such as Wirecutter, sports website The Athletic and games including Wordle.
The publisher has won four Pulitzer Prizes, including the one in collaboration with the nonprofit Baltimore Banner.
The news publisher expects subscription revenue growth of 8% to 10% in the second quarter, compared with analysts' average estimate of an 8.2% rise, according to data compiled by LSEG.
The company added about 250,000 digital-only subscribers in the first quarter, compared with Visible Alpha estimates of 248,000.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Shinjini Ganguli)
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