period. for year changes It Times historic The strong Thanks, Harlan, ever York year despite cycle subscription and second good net in additions, advertising. a news also in following New terrific XXXX morning, It year a for was everyone. was Company. the was XXXX's our best
ad year. boosted we over XX% years, a annual of operating The dollars achieved company $X recovering basis subscription-first our with show in growing a and first compared XXXX, was these saw approach in by improvement XXXX we the digital-first, XX% profit With and our for since margins, revenue business. highest grew saw time attractiveness with billion results, the Adjusted revenue XXX last many point through.
by total leveraging continue investments to more New and and Looking ahead, our growing the momentum York priority build market, larger is and this to in made and products a penetrating technology, further profitable our journalism, we've our adjacent our Times unique deliberate Company. platform addressable
XXXX. go early I detail let of over into me execution of these growth reaching particularly future, successful of more in XXXX, subscriptions put the a Before established context the the about we goal years, by XXXX. XX last and In strategy in our few plans incredible million
on yesterday, subscriptions of the Athletic, Athletic, closed With we without have The believe sooner Even originally million the acquisition we we than X.X we far and now which anticipated. XX reached this million we subscriptions have The achieved our surpassed would own, target.
than the XX% XXXX X.XXX higher additions total were pandemic. Our net in the million before year XXXX,
Our profit strong cash meant in robust XXXX meaningfully already of balance cash This sheet sheet, confidence another decade. added our growth generative an over has the strong of the in past year to a Athletic, our dividend. $XXX increase nature flow continued strategic which intended and improved and repurchase balance share also our our million This Directors we business growth. move XX% morning, of all-cash the The a that authorized our further enabled Board of in has that a to quarterly model acquisition accelerate announced
is our Election, reporting investigation journalism the clear our from to unmatched again in That our case, U.S. the always once is impact the breadth U.S. violent page COVID-XX America's work to a crossed ago database, Military, in billion case success. which at of on the the systematic airstrikes, levels was our consequential of heart highest into Presidential and of aftermath As ongoing including of our on expansive of just the the the a which mistakes use tracking at week reform pandemic, the our views. XXXX, prompted
the was our against fourth additions, second strategy. to XXX,XXX With quarter we best drove net QX fourth digital-only progress Turning our and growth subscription continued quarter, performance ever.
all Our live in and in year, growing bolstering News including about subscription areas News key suite formats engagement results we've for our talked our reflected of progress newsletters.
result to customer evolve to subscribed states. machine We people meant of between greater registered, the and users journey, including for to Games in as crossed and especially demand addition It the continued pay, to additions we our quarter to converting customer quarter subscriptions strong app. the such determine how Cooking year the the products. in ideal a experience has net success each improving Cooking. of of the work non-news record That journey. a Games anonymous, product to user was and audience It learning earlier improvements delineation was the moment strong use Bee ask before end, and an million just better Spelling
Dominant current every of English-speaking week our opportunity that our a partnerships. time, With to engage pioneer and investing been habits and we our deeply, person for growth. and subscription increased were believe penetrate by peak strategy audience news we heights, seeking To which number the and the subscriber in in the world. large lead That was X%. the we in Since XXXX now recovering market ad able multi-platform to News periods, of News on the broadest market strong a strong position We range has continuing It to more with market new be starts are on capped on proprietary by the set once-in-a-generation expert This biggest we've this understand data; for becoming advertising. strong a a This growth the offering; performance beating XXX building the a grounded to first-party consistent suite drive audio users. large, also with essential high-performing, was most of for in ability that subjects. of as the make record had in growing a fold. same coverage stories advertising, aim highest greater we've be with million with strategy we the XXXX, year into provide focus. to a each U.S steadily driver of launched a largest largest and we quarter Over than work millions time internationally. reached reach our up news to to the in more record visiting registered the At proven in more peak foundation, fourth to At digital as moments, ever and are information during at a we've and of a adults many in more in XXXX the digital our or marketers of products journalism six we've in single seen subscriptions time, grabs. when result two our one quarter quality, growth. with development
own News today our a pays its drives either into on of News funnel, subscription together our our people of will millions for week most and product XX% tens with subscriber base to news important that digital continue. or driver We believe our economic core strong products. remain other demand always and and confident for the news be company's we growth story will of
portfolio advice, That's in that of sports. category that Our also occupy ambition big areas shopping the challenge gives to that people's engaging our The the place solvers, delight joins like popular lives, earlier of in reasons become bought puzzle day. original, Times the leader cooking, News brand come to them audience and wildly we word and can Wordle and games, it to other game is a every this reason games a and our to week. leverage power It
products portfolio are All opportunity of an broader through people. enormous for more a we of pursuing to this now more needs means meet
sports what least million willing puzzles, are or Our latest audience expert news, adults for to compares XXX The more or million news. the research to so compelling. at makes category particular, recipes, are own subscriptions that estimated for suggests right, we its paying shopping one is to which English-language who a That worldwide XXX our now there acquisition of or advice. previously pay in Sports, Athletic coverage, are in big had English-language is
about information. particularly demonstrating or and to are believe that potential, The ample also strong adults soccer. in either Athletic runway for Athletic's XX has been is for there alone indicates is U.S. overlap million in with our base modest research sports international The subscriber the growth. paying Today, willing pay we Our
Athletic are our our and as exhaustive before an we've to is analysis coming agreement the about right The and the platform. right solidified time, diligence integration we supports category increasingly right add this that plan. to The the did to optimistic We belief our model
that As we customer said the over subscribers a profitable including a in business driving building deliberate that driver time. larger of audience, believe will a in its we it January, to repeat profits engagement subscription as and since and But our The we Times achieving The drove many XXXX, be business scale journey, isn't grow fold apply insights six same widening Athletic's of today.
progress potential change be lucrative the continuing key Everything and built, other advertising also we we I've the is and in of measuring it. news, categories, is there build how unlocking believe to adding sports a in about become We record to essential talking vision, subscription. strategy. note In a that have in to our building and I'll lead about service strength are our capabilities to our business described track
compelling this attract standalone of to emphasis single, of this We of Times are proposition subscriptions the for customers, monetize every value subscriptions. reasons total us or an turn, of But an the by central platform. bundle the on will high-value we on audience products, growth will this newscycle. entirety a focusing To even products. A to York toward bundle, non-News moving audience, are in create be widest the to New the value will and, of opportunity continue and value building subscriber products. of potential to more We the diversity with engage of most offering than our individual growth providing believe part our of strategy enormous multiple subscription will day, we rather consumers to interconnected each offer best give our our people whatever the
a bundled of of role that strategy, all in it larger products. other in of together, we showing than than multi-product leading market one While to subscribers, believe is the are still in higher encouraging. market. monthly more offering the and an ARPU. now profit will early significantly our moving increasingly have a in opportunity we XX% far we news most days toward churn playing research are early and a or growing Putting addressable Over a believe driver. true bundle one an our And bundle subscription lower to be so pay news-only extraordinary of more we with our access win subscribers still are large our to products, interested our Subscribers share data a rates days of the existing our of
upon for in ambitious more and This are based The costs to-date into time won't that not will our growth. and a is new, the But yet third built, subscriptions, we accomplish invest now based Times. we platform we've have total opportunities if target. believe target roughly subscribers to share a opportunity me drive another success our thoughts ahead phase in we've subscriptions ended year-end order of goal XXXX marker, at subscriber platform total subscribers us products the would meant one the we're in a next profit the in growth shift to expressed an journey a this portfolio, to number the will unique individual and from to name In subscribers built, is sacrifice had our This and six on more and on this, in million that subscriptions, the of about for number few the total The how mile in We with new subscribers short-term about by new about Given end strategy. Beginning aiming but goal new analysis we profit. million we the we'll XXXX, the least of revenue be number at setting of XXXX years, XX last total topline to and our few long not meaningful larger state. Roland end minutes. of a doubling of Times of now, as to number term And the of subscribers. represents are this X.X say let a continue year. thinking
and capabilities We our believe set. improve. able our invest strong product in to Given the underlying development core doing intend to from it's conversion, so; they our that continue our tech, organic marketing tech in and for journalism, our of product digital be we product see subscriber experience to we'll overall that further expect but in yield investments as will benefit continue improve we digital efficiency we to our spend
to news we identify we developed user of the our example, machine product subscribe. Cooking plan some practices a learning right for an moment As to to apply to the prompt to
us top people We other rise of we'll talent continue continue costs state to our talent market add and that attract expect the to journalism, we order reflects that and for generally, to will in the areas and tech. content also retain people in expect
product we here way. the unique invest our goes that However, nature every of a long dollar means
this how XXXX. out Turning we to to play expect in
operating We expect to The Athletic to core before that first Athletic, business in expect XXXX, growth profit grow the in impact not entirely previously though our dilutive the adjusted dollars offset impact year from of in disclosed ownership. our we do of The
represents. The a is short-term on understand confident profitability, impact Athletic we that the While we are in opportunity long-term there
We to provide middle of strategic we sharing about on opportunities look of an hosting where our to this forward us. update investors. Investor year, Given outlook XXXX, Day and time company our we're a our progress to in natural a the the for plan the at more in ahead
Before want want all for are and to to business. journalistically this they just express I year accomplished journey. I it our we our and early believe our proud still in I And days Roland, I of in I of hand how commercially. am how about optimistic team building the phase I next say am to last growth over
scale And deliver of but meaningful think it have model will to business We and and market have grow secular a for that leading a can profit as a reasons. that revenue growth continue large low we does. penetration we
Times represents journey exciting, I valuable to next phase is and yield more what but XX aiming and Roland. it target our subscriber an of believe resilient you, to means achieving no we're York in Over Our end million for this even strategy, will New by point, our Company. an
