New York Times tops Q1 profit estimates on digital growth

The New York Times

06/05/2026 12:13

Overview

US news publisher's Q1 adjusted EPS beat analyst expectations, driven by digital subscription growth

Adjusted operating profit for Q1 beat analyst expectations

Company repurchased 779,365 shares for $56.3 mln during the quarter

Outlook

Company expects Q2 digital-only subscription revenues to rise 14-17% year-over-year

Company sees Q2 total subscription revenues up 10-12% from prior year

Company anticipates Q2 digital advertising revenues to grow in the high-teens percent

Result Drivers

DIGITAL SUBSCRIPTION GROWTH - Digital-only subscription revenues rose 16.1% year-over-year, driven by higher digital-only subscribers and increased ARPU as more users transitioned to higher prices

DIGITAL ADVERTISING - Digital advertising revenues increased 31.6% year-over-year, primarily due to strong marketer demand and growth in advertising supply

HIGHER OPERATING COSTS - Operating costs rose 7.7% year-over-year, mainly due to higher compensation and benefits expenses, particularly relating to journalism

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.61
$0.47 (6 Analysts)
Q1 EPS
$0.54
Q1 Adjusted Operating Profit
Beat
$117.90 mln
$90.67 mln (5 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and 1 "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 New York Times Co is $74.00, about 4.2% below its May 5 closing price of $77.26

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 28 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)