NYT earnings analysis
What we found in NYT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
The New York Times Company reported strong Q1 2026 results with revenues of $712.2 million, surpassing estimates and reflecting a 12% increase year-over-year. Diluted EPS also beat expectations at $0.54, showing a notable improvement driven by a significant rise in digital advertising revenues and operating profits.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth Exceeds Expectations
- Total revenue reached $712.2 million, exceeding the estimated $699.1 million.
- Strong EPS Performance
- Diluted EPS stood at $0.54, exceeding the estimate of $0.47.
- Surge in Digital Ad Revenue
- Digital advertising revenues surged by 31.6% compared to the previous year.
- Improved Operating Profit Margin
- Operating profit increased by 54.5%, reflecting enhanced operational efficiency.
- Raised Revenue Outlook
- Management expects total subscription revenues to grow 10-12% in Q2.
- Substantial Free Cash Flow
- Free cash flow for the quarter was reported at $90 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Litigation Costs
- Continuing litigation against Microsoft and OpenAI may result in unforeseen expenses.
- Rising Operating Costs
- Increasing operational costs could pressure profit margins moving forward.
- Decreased Free Cash Flow
- Free cash flow of $90 million represents a decline from previous quarters.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.54
What they said about what is next.
Management anticipates subscription revenues to grow 10-12% in Q2.
The filing reads better than the one before it.
What came before.
- 10-K · February 27, 2026
- The New York Times Company reported record subscribers (approximately 12.78 million as of December 31, 2025) and 2025 revenue of $2,824,918,000, with operating profit of $431,557,000 and diluted EPS of $2.09. Management…
- 10-Q · August 6, 2025
- The New York Times Company reported Q2 2025 revenue of $685.9M, up 9.7% year-over-year, with operating profit rising 34.2% to $106.6M. GAAP diluted EPS was $0.50 (adjusted diluted EPS $0.58), and digital subscription…
- 10-K · February 27, 2025
- The New York Times reported record subscribers (approximately 11.43 million as of December 31, 2024) and grew 2024 revenues to $2,585,919,000 with operating profit of $351,096,000 and net income of $293,825,000.…
- 10-Q · November 4, 2024
- The New York Times reported third-quarter 2024 revenue of $640,178,000, up 7.0% year-over-year, driven by an 8.3% increase in subscription revenue to $453,327,000 and digital advertising growth. Operating profit…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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