(Aug 7): The New York Times beat Wall Street expectations for second-quarter subscription revenue on Wednesday, helped by robust demand for its bundled content offerings.

The company reported subscription revenue of US$439.3 million, compared with estimates of US$438.9 million, according to LSEG data.

The publisher of the New York Times newspaper has been expanding its content distribution by bundling podcasts, lifestyle articles and recipes to attract a wider audience.

The company reported total second-quarter revenue of US$625.1 million, compared with estimates of US$625.2 million.

Advertising revenue rose 1.2% to US$119.2 million. Analysts on average had expected US$120 million.

Uploaded by Lam Seng Fatt