Net income dropped to $9 million from more than $20 million in the second quarter of 2013.

“We saw continued growth in digital advertising and circulation revenues during the quarter,” Mark Thompson, the company’s chief executive, said in a statement, “but know that we still have more work to do to transform our business and deliver long-term sustainable revenue growth for the company.”

The company plans to try to accelerate the growth of subscriptions to the new products, he said, and will “refine some of the offers and the way we market the portfolio to accomplish this.” Asked whether this meant The Times might adjust the pricing on some of its products, the company said it had no comment.

Citing a recent innovation report, which recommended that the newsroom increase its engagement with online audiences, Mr. Thompson said the company’s leadership believed it could “significantly grow our digital audience, which in turn will contribute to improved digital subscription and advertising monetization.” Another new product, dedicated to cooking, will be introduced in the fall.

Investors expressed skepticism. By the close of trading on Tuesday, shares in The New York Times Company had dropped more than 8 percent, to $12.89.

“The company had cautioned that print would be weak in the second quarter, and it was,” said Doug Arthur, a managing director at Evercore Partners. “The issue is, the company admitted some mistakes, some learning experiences on the digital subscriber model.”