The New York Times Company (NYT) Earnings
The New York Times Company is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $0.67. NYT has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +13.1% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.49 | $0.61 | +24.5% | $712M | +1.8% |
| Feb 4, 2026 | $0.88 | $0.89 | +1.1% | $802M | +14.5% |
| Nov 5, 2025 | $0.53 | $0.59 | +10.7% | $701M | +1.8% |
| Aug 6, 2025 | $0.50 | $0.58 | +16.0% | $686M | -0.9% |
| May 7, 2025 | $0.35 | $0.41 | +17.1% | $636M | -4.9% |
| Feb 5, 2025 | $0.74 | $0.80 | +8.1% | $727M | +0.1% |
| Feb 7, 2024 | $0.58 | $0.70 | +20.7% | $676M | -0.4% |
| Feb 8, 2023 | $0.44 | $0.59 | +34.1% | $668M | +3.3% |
| Nov 2, 2022 | $0.13 | $0.21 | +61.5% | $548M | -0.2% |
| Aug 3, 2022 | $0.20 | $0.24 | +20.0% | $556M | +0.5% |
| May 4, 2022 | $0.19 | $0.19 | +0.0% | $537M | -1.0% |
| Feb 2, 2022 | $0.35 | $0.43 | +22.9% | $594M | +2.6% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Meredith highlighted strong demand for The Times' journalism and premium lifestyle content. Advantages include operating in big spaces, an unparalleled content creation engine, harnessing technology for audience engagement, and a multi-revenue stream model. Highlights: digital subscription revenues up 16%, added 310k net new digital subscribers; digital advertising up 32%; affiliate, licensing, etc. revenues up; disciplined costs with strategic investments in journalism and product experiences. Operational highlights: coverage of important stories, growth in reporter video production, new product launches like Crossplay, The Daily edition, true crime podcast, NFL draft guide, and multimedia package on songwriters.
Guidance
Q2 2026: Digital-only subscription revenues expected to increase 14% - 17%, total subscription revenues 10% - 12% increase; digital advertising revenues high teens increase, total advertising revenues high single digits increase; affiliate licensing and other revenues low single digits increase; adjusted operating costs 8% - 9% increase. Full year 2026 expected to be another year of revenue growth, AOP growth, margin expansion, and strong free cash flow. Benefit from tax bill of ~$60 million to operating cash flow in 2026, not expecting majority to recur beyond 2026.
Segment performance
Digital subscription revenues grew 16% to $389 million, added 310,000 net new digital-only subscribers, digital-only ARPU grew 2.4%. Total subscription revenues grew 11.3% to ~$517 million. Digital advertising revenues grew 32% to $93 million. Affiliate, licensing, and other revenues grew ~8% to $68.5 million. Adjusted operating costs grew 9.4%. AOP grew 27% to ~$118 million, AOP margin expanded 200 basis points to 16.6%, adjusted diluted EPS increased 20 cents to 61 cents.
Analyst Q&A
Q: Asked about drivers of digital subscription revenue, specifically bundle category performance;
A: Discussed focus on subscriber base and ARPU, ARPU driven by subscribers transitioning from promotional to higher prices and price increases, multiple products across portfolio adding value.
Q: Follow-up on digital ads, where incremental demand coming from;
A: Mentioned playing in big spaces with marketer demand, structural advantage in five spaces, share of wallet from existing marketers, bringing in more different kinds of marketers.
Q: About news flow in March and impact on advertising;
A: Said portfolio has many products for marketers, news has various topics beyond less desirable ones.
Q: On video initiative, early engagement metrics and monetization strategy;
A: Video seen as long-term opportunity, increased reporter video production, ramped up video news clips, shows portfolio gaining traction, engagement early but good on site and apps, monetization follows production and engagement.
Q: On AI licensing, progress with Amazon deal and broader philosophy;
A: Open to deals meeting conditions, partnership with Amazon met conditions, learning from it, open to multiple AI licensing partnerships.
Q: On video initiative and YouTube as partner or competitor;
A: Endeavor to have best experience on own destinations, YouTube is a way to build audience and awareness.
Q: On Athletic's impact on digital advertising;
A: Athletic is a source of net new audience, ad performer, in build engagement phase, optimistic for future