Revenue during the quarter grew 5.08 percent to $398.80 million from $379.52 million in the previous year period. Gross margin for the quarter expanded 317 basis points over the previous year period to 61.58 percent. Total expenses were 92.73 percent of quarterly revenues, up from 92.64 percent for the same period last year. That has resulted in a contraction of 9 basis points in operating margin to 7.27 percent.

Operating income for the quarter was $29.01 million, compared with $27.94 million in the previous year period.

However, the adjusted operating income for the quarter stood at $52.67 million compared to $51.54 million in the prior year period. At the same time, adjusted operating margin contracted 38 basis points in the quarter to 13.21 percent from 13.58 percent in the last year period.

Mark Thompson, president and chief executive officer, The New York Times Company, said, "These results show the current strength and future potential of our digital strategy not just to reach a large audience, but also to deliver substantial revenue. We added an astonishing 308,000 net digital news subscriptions, making Q1 the single best quarter for subscriber growth in our history. "Digital advertising revenue grew 19 percent year-over-year, a vindication of our decision to pivot towards mobile, branded content and a broader suite of marketing services, and to focus on innovation. Despite continued pressure on print advertising, we were able to grow overall revenues by 5 percent in the quarter. “On costs, we are investing to support our growing digital businesses, most notably this quarter in brand marketing and consumer acquisition. We continue to keep a close eye on costs across the business and remain committed to aggressively managing profitability."