The New York Times Company Q3 2025 Earnings Recap

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.