New York Times posts Q3 earnings beat and raises focus on digital growth
+1 new source since this summary was written
The New York Times reported third-quarter 2026 revenue of $768.5M, up 9.7% year over year, with net income of $97.4M and adjusted EPS of $0.68. Digital-only subscription revenue rose 14.6% to $421.3M, while the company added 420,000 digital-only subscribers and ended the quarter with 13.8M total subscribers. For Q4, management expects total subscription revenue to increase 9% to 11% and digital-only subscription revenue to grow 12% to 15%.
Why it matters
The results show stronger-than-expected adjusted earnings and continued digital subscriber expansion, while the company’s Q4 guidance sets expectations for further subscription growth. Management also said it is monitoring AI-related traffic and cancellation risks, but reported no impact from AI agents on cancellations so far.
Key facts
- 1Operating profit increased 16.4% to $121.9M in the quarter. tradingview.com
- 2Digital advertising revenue rose 12% to $109.9M. thewrap.com
- 3Adjusted operating profit grew 13.9% to $149.6M, with an adjusted operating margin of 19.5%. fool.com
- 4The company repurchased $79.1M of stock, representing 1,158,652 shares, during the third quarter. fool.com
- 5Q4 adjusted operating costs are expected to increase 6% to 8%. fool.com
Open questions
- reports total subscribers of 13.22 million, while report approximately 13.8 million or 13.76M for the quarter.
- Consensus revenue estimates differ between $767.2M and $766.9M.
- Consensus EPS estimates differ between 64 cents and $0.65.
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.