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The NYT is very profitable.
by aimazon 2y ago
The NYT is very profitable.
- shagie 2y agoThey just released their earnings report. https://www.cnbc.com/2024/11/04/new-york-times-nyt-q3-earnings-report.html https://www.cnbc.com/2024/11/04/new-york-times-nyt-q3-earnin... > Total revenue of $640.2 million was in line with estimates of $640.8 million, as digital advertising thrived. > Adjusted profit was 45 cents per share. There are 164,540,000 shares outstanding. That gives a profit of $74,043,000 They have 5900 employees for a profit per employee per quarter of $12,550 While yes, they are profitable this doesn't suggest that there is a lot of room between profit, pay raise per employee and net loss for the company.