New York Times (NYSE:NYT) Announces Earnings Results

New York Times (NYSE:NYT) posted its quarterly earnings data on Wednesday. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03, FiscalAI reports. The company had revenue of $768.54 million during the quarter, compared to analyst estimates of $767.21 million. New York Times had a net margin of 13.19% and a return on equity of 22.64%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS.

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

• Digital subscriptions remained a major growth engine: the company added 420,000 net digital subscribers, reaching 13.8 million, while digital-only subscription revenue rose 14.6%. Average digital-only ARPU increased 1.4%, supported by pricing step-ups and price increases.
• Q3 revenue increased 10% to $769 million, adjusted operating profit rose 14% to about $150 million, and adjusted diluted EPS grew to $0.68. Year-to-date free cash flow was approximately $436 million, and the company returned $276 million to shareholders.
• Advertising revenue grew 7.8%, with digital advertising up 12%, though digital ads came in slightly below guidance. For Q4, the company expects total advertising growth in the mid-single digits and digital advertising growth in the high-single to low-double digits.
• Q4 guidance calls for digital-only subscription revenue growth of 12%–15% and total subscription revenue growth of 9%–11%; adjusted operating cost growth is expected to moderate to 6%–8%. Management said it will continue investing in journalism and products, particularly video, while emphasizing cost discipline.
• Management said big tech changes are driving less traffic to publishers and that The Times is not immune, although it has not seen a measurable impact from AI agents on churn or cancellations so far. Executives described the effects of agents and evolving consumer behavior as uncertain and said they are monitoring them.

New York Times Price Performance

NYT traded down $0.97 on Wednesday, hitting $66.15. 4,565,834 shares of the stock were exchanged, compared to its average volume of 2,244,883. New York Times has a 12 month low of $57.53 and a 12 month high of $87.10. The business has a 50-day moving average of $67.37 and a two-hundred day moving average of $73.31. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.81 and a beta of 0.89.

New York Times Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Wednesday, October 7th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, October 7th. This represents a $0.92 annualized dividend and a dividend yield of 1.4%. New York Times’s dividend payout ratio (DPR) is currently 38.33%.

Key Stories Impacting New York Times

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

• Positive Sentiment: Q3 earnings were $0.68 per share, above the $0.65 consensus estimate and up from $0.59 a year earlier. Revenue of $768.54 million also topped estimates and increased 9.7% year over year. New York Times Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Digital subscribers grew at a faster pace, helping lift quarterly revenue—a positive sign for the company’s ongoing shift toward digital. New York Times Revenue Rises on Digital Subscriber Gains
• Neutral Sentiment: Despite the earnings and revenue beats, NYT traded lower. The articles supplied do not identify a specific reason for the decline, so the move may reflect factors beyond the reported headline results.
• Negative Sentiment: Before the results, analysts highlighted rising costs and weakness in print as potential offsets to digital subscription and advertising growth. These remain risks, though the provided Q3 coverage does not quantify their impact. Assessing The New York Times Company Ahead of Q3 Earnings Release

Wall Street Analysts Forecast Growth

NYT has been the topic of a number of recent research reports. Wall Street Zen cut New York Times from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of New York Times from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. UBS Group set a $82.00 target price on New York Times in a research note on Tuesday, September 15th. Zacks Research downgraded New York Times from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, New Street Research set a $82.00 price target on shares of New York Times in a research report on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, New York Times presently has an average rating of “Moderate Buy” and an average target price of $82.70.

New York Times Company Profile

The New York Times Company (NYSE: NYT) is a media and technology company best known for publishing The New York Times, a daily newspaper founded in 1851 by Henry Jarvis Raymond and George Jones. The company produces journalism across national and international news, business, politics, culture, science, sports and other topics through print and digital platforms.

In addition to its core news operation, the company offers a range of subscription products and digital services, including NYT Cooking, Games, Audio and The Athletic, a subscription-based sports media platform.