New York Times Q2 revenue beats on digital subscription growth

The New York Times

05/08/2026 12:13

Overview
US news publisher's Q2 revenue rose 11%, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company repurchased 473,691 shares for $35.4 mln during the quarter

Outlook
Company expects lower cash tax payments of about $60 mln for full-year 2026

Result Drivers
DIGITAL SUBSCRIPTION GROWTH - Digital-only subscription revenues rose 16.4% year-over-year, driven by growth in digital-only subscribers and higher ARPU
DIGITAL ADVERTISING DEMAND - Digital advertising revenues increased 20.7% year-over-year, primarily due to strong marketer demand and growth in advertising supply
HIGHER OPERATING COSTS - Operating costs rose 11.2% year-over-year, mainly due to higher compensation and benefits expenses and increased marketing and promotion costs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$762.5 mln
$751.97 mln (6 Analysts)
Q2 Adjusted EPS
Beat
$0.69
$0.67 (6 Analysts)
Q2 EPS
 
$0.57
 
Q2 Adjusted Operating Profit
Beat
$155.3 mln
$136.19 mln (4 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer publishing peer group is "buy"
Wall Street's median 12-month price target for The New York Times Company is $82.00, about 8.5% above its August 4 closing price of $75.61
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 27 three months ago

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Aug 4 - Business Insider names Christian Baesler permanent CEO amid AI search disruption

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)