New York Times (NYSE:NYT) Issues Earnings Results

New York Times (NYSE:NYT) issued its quarterly earnings results on Wednesday. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01, FiscalAI reports. The company had revenue of $802.31 million for the quarter, compared to analysts’ expectations of $791.55 million. New York Times had a return on equity of 20.30% and a net margin of 12.29%.The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.80 EPS.

Here are the key takeaways from New York Times’ conference call:

• The company added 1.4 million net new digital subscribers in 2025 (450k in Q4), reaching ~12.8 million and saying it remains on track toward a 15 million-subscriber milestone.
• Financial performance strengthened: the Times passed $2 billion in total digital revenues for the first time, reported AOP up ~21% to $550M with a 19.5% margin, generated ~$551M free cash flow, raised the quarterly dividend to $0.23, and has $350M left on its buyback authorization.
• Digital advertising was a major growth driver (digital ad revenue up ~25% in Q4 and ~20% for the year), which management attributes to increased ad supply, improved canvases/targeting, and plans to scale video as a new audience and monetization channel.
• Adjusted operating costs rose 9.7% in Q4 (above prior 6–7% guidance) due largely to incentive compensation tied to outperformance and a continued ramp of video production; Q1 cost guidance is 8–9%, signaling ongoing near-term expense pressure.
• Management will simplify reporting by discontinuing category-level digital subscriber/ARPU disclosures and will only report total digital-only subscribers and total digital-only ARPU going forward.

New York Times Stock Down 9.2%

Shares of New York Times stock traded down $6.66 on Wednesday, hitting $65.55. 2,857,891 shares of the company traded hands, compared to its average volume of 1,638,673. New York Times has a 12-month low of $44.83 and a 12-month high of $74.04. The company has a market cap of $10.64 billion, a PE ratio of 31.94, a PEG ratio of 1.61 and a beta of 1.11. The company has a 50-day moving average price of $69.49 and a 200 day moving average price of $62.03.

New York Times Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, January 6th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. New York Times’s dividend payout ratio (DPR) is 35.12%.

Institutional Investors Weigh In On New York Times

Several hedge funds and other institutional investors have recently made changes to their positions in NYT. CIBC Private Wealth Group LLC lifted its holdings in shares of New York Times by 57.8% during the third quarter. CIBC Private Wealth Group LLC now owns 2,595 shares of the company’s stock worth $149,000 after buying an additional 950 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of New York Times by 31.6% during the 3rd quarter. Captrust Financial Advisors now owns 26,307 shares of the company’s stock worth $1,510,000 after acquiring an additional 6,322 shares during the period. Danske Bank A S acquired a new stake in shares of New York Times during the 3rd quarter valued at about $1,436,000. Advisory Services Network LLC increased its stake in New York Times by 23.6% in the third quarter. Advisory Services Network LLC now owns 6,190 shares of the company’s stock valued at $355,000 after acquiring an additional 1,180 shares during the period. Finally, Oberweis Asset Management Inc. acquired a new position in New York Times in the third quarter worth about $14,465,000. 95.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NYT. Evercore ISI reiterated an “outperform” rating on shares of New York Times in a research report on Thursday, November 6th. JPMorgan Chase & Co. lifted their price target on shares of New York Times from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Citigroup raised their price objective on New York Times from $72.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research report on Thursday, January 22nd. Finally, Barclays increased their price target on New York Times from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.43.

New York Times News Summary

Here are the key news stories impacting New York Times this week:

• Positive Sentiment: Q4 results beat consensus: EPS $0.89 vs. $0.88 estimate and revenue $802.3M (up 10.4% year‑over‑year), evidence of continued top‑line growth. New York Times Co. (NYT) Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Management forecasted first‑quarter subscription revenue above Wall Street expectations, citing its bundling strategy for news and lifestyle products as a driver of paid user growth. New York Times forecasts quarterly subscription revenue growth above estimates
• Neutral Sentiment: The company published its full press release and is hosting an earnings call and slide deck (useful for reading management commentary and guidance). The New York Times Company Reports Fourth-Quarter and Full-Year 2025 Results
• Negative Sentiment: Beat was very small (only $0.01 EPS) and the stock had recently hit a 52‑week high, increasing the likelihood of profit‑taking and making investors sensitive to any guidance or margin signals that fall short of high expectations. The New York Times Company (NYT) Hit a 52 Week High, Can the Run Continue?
• Negative Sentiment: Despite the beats and guidance, the market is marking down shares — investors should listen to the earnings call/slide deck for detail on subscriber trends, margins and FY outlook to judge whether the pullback reflects a durable concern or short‑term selling. View Press Release / Slide Deck

About New York Times

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.