New York Times reports Q3 adjusted EPS 37c, consensus 29c

Reports Q3 revenue $598.3M, consensus $589.4M. Added approximately 210,000 net digital-only subscribers. Total digital-only average revenue per user grew to $9.28. Meredith Kopit Levien, president and chief executive officer, The New York Times Company, said, “We are pleased with our third quarter results, which underscore the strength of our strategy to become the essential subscription for every curious, English-speaking person seeking to understand and engage with the world. Our multi-product bundle which combines a world-class news destination with market-leading products in games, cooking, sports, and shopping advice, continues to perform well. We expect the bundle to enhance our resiliency, and further us down the path to building a larger, more profitable company.”