The New York Times Company (NYSE:NYT) Q1 2023 Earnings Conference Call May 10, 2023 8:00 AM ET
Company Participants
Mike Brown - Vice President, Assistant General Counsel and Corporate Secretary
Meredith Kopit Levien - President and Chief Executive Officer
Roland Caputo - Executive Vice President and Chief Financial Officer
Conference Call Participants
Doug Arthur - Huber Research
David Karnovsky - JPMorgan
Vasily Karasyov - Cannonball Research
Kannan Venkateshwar - Barclays Capital
Thomas Yeh - Morgan Stanley
Operator
Good morning everyone and welcome to The New York Times Company’s First Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions]
Please also note, today’s event is being recorded. At this time, I would like to turn the floor over to conference over Mike Brown, Vice President, Assistant General Counsel and Corporate Secretary. Please go ahead.
Mike Brown
Thank you, and welcome to The New York Times Company's first quarter 2023 earnings conference call. On the call today, we have Meredith Kopit Levien, President and Chief Executive Officer; and Roland Caputo, Executive Vice President and Chief Financial Officer. Before we begin, I would like to remind you that management will make forward-looking statements during the course of this call. These statements are based on our current expectations and assumptions, which may change over time.
Our actual results could differ materially due to a number of risks and uncertainties that are described in the company's 2022 10-K and subsequent SEC filings. In addition, our presentation will include non-GAAP financial measures, and we have provided reconciliations to the most comparable GAAP measures in our earnings press release, which is available on our website at investors.nytco.com. And finally, please note that a copy of the prepared remarks from this morning's call will be posted to our investor website shortly after we conclude.
With that, I will turn the call over to Meredith Kopit Levien.
Meredith Kopit Levien
Thanks, Mike, and good morning, everyone. Last year, we presented the next phase of our long-term strategy with the goal of becoming the essential subscription for every curious English-speaking person seeking to understand and engage with the world. In the first quarter, we made steady progress on that strategy with clear signs of substantial runway ahead. Let me share some of the highlights. We crossed 3 million bundle and multi-product subscribers in the quarter and hit a number of new records for bundled uptake.