The New York Times Company Earnings Recaps
Q2 2026
Aug 10, 2026
Shares fell 14.3% as investors were likely disappointed by cautious forward commentary and signs of margin pressure despite solid subscriber and revenue growth.
Key takeaways
- Added 280,000 net new digital subscribers, bringing the total to 13.4 million, with digital-only subscription revenue up 16.4% year-over-year.
- Digital advertising revenue grew 21%, boosting total advertising results beyond expectations.
- Consolidated revenues increased 11% year-over-year, supported by growth in affiliate, licensing, and other revenue streams.
- Adjusted operating profit (AOP) rose 16%, reflecting disciplined cost management amid investments in video and product innovation.
- Management acknowledged headwinds from big tech platforms reducing traffic, indicating ongoing challenges to audience growth and potential margin compression.
Q1 2026
May 7, 2026
The New York Times shares rose 3.8% following a quarter that delivered solid digital subscription growth and a notable acceleration in digital advertising revenue that surpassed expectations.
Key takeaways
- Digital-only subscription revenues grew approximately 16%, with 310,000 net new digital-only subscribers added, pushing the total base beyond 13 million.
- Total subscription revenues rose 11.3% to about $517 million, coming in above the company’s guidance range.
- Digital advertising revenues surged 32%, reflecting strong execution and marked improvement over prior periods.
- Adjusted operating profit (AOP) increased roughly 27%, with margin expansion of 200 basis points, underscoring disciplined cost management alongside strategic investments.
- The company continues to invest in premium journalism, video content, and new product innovations such as games and podcasts to drive long-term engagement and growth.
Q3 2025
Nov 5, 2025
The New York Times Company delivered robust third-quarter results, highlighted by a strong surge in digital subscriber growth and significant increases in both revenue and operating profit, affirming the effectiveness of its multifaceted business strategy.
Key takeaways
- Added 460,000 net new digital subscribers, reaching a total of 12.3 million, positioning towards the 15 million milestone.
- Digital subscription revenue rose 14%, driven by heightened audience engagement and enhanced product offerings including video and AI.
- Advertising revenue surged, with digital advertising up over 20% and total advertising growing nearly 12%, reflecting a successful strategy to broaden the digital ad business.
- Consolidated revenues grew approximately 9.5%, and adjusted operating profit increased by 26%, with AOP margin expanding by 240 basis points.
- Generated $393 million in free cash flow year-to-date, returning $191 million to shareholders, aligning with the commitment to return at least 50% of free cash flow to investors.