The New York Times Group provided earnings guidance for the third quarter of 2022. For The New York Times Group. Total subscription revenues are expected to increase 5% to 7% compared with the third quarter of 2021, with digital-only subscription revenue expected to increase 10% to 14%.

Overall advertising revenues are expected to decrease in the low to mid-single digits compared with the third quarter of 2021, with digital advertising revenues expected to decrease 4% to 8%. As a reminder, the month of September typically plays an outsized role in the company's third quarter advertising results. Other revenues are expected to decrease approximately 5%.

Adjusted operating costs are expected to increase in the mid-single digits compared with the third quarter of 2021, with cost growth for The New York Times Group expected to slow considerably in the second half of 2022.