New York Times shares fell 11 percent, despite revenue and subscriber numbers being slightly higher than expected.
Advertising revenue rose 16 percent compared to the fourth quarter a year earlier, to $192 million. Overall revenue rose 10 percent to $802 million.
Adjusted operating income increased 13 percent to $192 million, which was lower than expected.
For the first quarter, the newspaper publisher expects a 9–11 percent increase in subscriber revenue and a 14–17 percent increase in digital subscriber revenue.
