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T The New York Times Company Press Release For Media : Danielle Rhoades Ha , 212-556-8719 ; danielle.rhoades-ha@nytimes.com For Investors : Harlan Toplitzky , 212-556-7775 ; harlan.toplitzky@nytimes.com This press release can be downloaded from www.nytco.com The New York Times Company Reports 2021 Second - Quarter Results NEW YORK , August 4 , 2021 – The New York Times Company ( NYSE : NYT ) announced today second quarter 2021 diluted earnings per share from continuing operations of $ .32 compared with $ .14 in the same period of 2020. Adjusted diluted earnings per share from continuing operations ( defined below ) was $ .36 in the second quarter of 2021 compared with $ .18 in the second quarter of 2020 . Operating profit increased to $ 73.3 million in the second quarter of 2021 from $ 28.8 million in the same period of 2020 and adjusted operating profit ( defined below ) increased to $ 92.9 million from $ 52.1 million in the prior year , as higher subscription , advertising and other revenues more than offset higher costs . Meredith Kopit Levien , president and chief executive officer , The New York Times Company , said , “ Just after the end of the second quarter , The Times crossed another mile marker on our path to scaling direct , paying subscriber relationships : We now have more than 8 million paid subscriptions across our digital and print products - a testament to the success of our strategy , the strength of the market for paid digital journalism , and our unique opportunity to meet that demand . That milestone follows a second quarter with strong revenue and profit growth and progress on advancing our underlying model . " We saw moderated growth in net subscription additions in the second quarter , which we expected given that the second quarter is traditionally our softest of the year , and we were comparing against last year's historic results at the beginning of the Covid crisis . We added 142,000 net digital subscriptions , with 77,000 in News and 65,000 in Cooking and Games . We continue to expect that our total annual net subscription additions will be in the range of 2019 , although that remains difficult to predict with precision . And we believe that while the news cycle will continue to have significant effects on our subscription growth , we are increasing our control over the levers of our subscription model . " The combined strength in our subscription and advertising revenue streams more than offset cost growth and , as a result , we recorded $ 93 million in adjusted operating profit , a 78 percent improvement compared to the same quarter in 2020. Given the opportunity we see an addressable market of at least 100 million people who are expected to pay for English - language journalism and a unique moment in which daily