New York Times (NYSE:NYT) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

New York Times (NYSE:NYT) announced its earnings results on Wednesday. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01, FiscalAI reports. The company had revenue of $802.31 million for the quarter, compared to analyst estimates of $791.55 million. New York Times had a return on equity of 21.02% and a net margin of 12.18%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 EPS.

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

• The company added 1.4 million net new digital subscribers in 2025 (450k in Q4), reaching ~12.8 million and saying it remains on track toward a 15 million-subscriber milestone.
• Financial performance strengthened: the Times passed $2 billion in total digital revenues for the first time, reported AOP up ~21% to $550M with a 19.5% margin, generated ~$551M free cash flow, raised the quarterly dividend to $0.23, and has $350M left on its buyback authorization.
• Digital advertising was a major growth driver (digital ad revenue up ~25% in Q4 and ~20% for the year), which management attributes to increased ad supply, improved canvases/targeting, and plans to scale video as a new audience and monetization channel.
• Adjusted operating costs rose 9.7% in Q4 (above prior 6–7% guidance) due largely to incentive compensation tied to outperformance and a continued ramp of video production; Q1 cost guidance is 8–9%, signaling ongoing near-term expense pressure.
• Management will simplify reporting by discontinuing category-level digital subscriber/ARPU disclosures and will only report total digital-only subscribers and total digital-only ARPU going forward.

New York Times Stock Performance

New York Times stock traded down $0.24 during trading on Friday, reaching $68.87. The company had a trading volume of 591,413 shares, compared to its average volume of 2,004,954. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 1.47 and a beta of 1.11. The stock’s 50 day moving average price is $69.62 and its two-hundred day moving average price is $62.12. New York Times has a 12-month low of $44.83 and a 12-month high of $74.04.

New York Times Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Wednesday, April 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a positive change from New York Times’s previous quarterly dividend of $0.18. New York Times’s dividend payout ratio is 35.12%.

Key New York Times News

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

• Positive Sentiment: Q4 earnings beat and digital momentum: NYT reported Q4 EPS and revenue above expectations, driven by growth in digital subscriptions, higher ARPU and rising digital advertising — evidence the company’s subscription-led strategy is working. The New York Times’ Q4 Earnings Beat Highlights Digital Momentum
• Positive Sentiment: Dividend hike: NYT raised its quarterly dividend to $0.23 (a 27.8% increase), implying an annualized yield of about 1.3% — a shareholder‑friendly move that supports income‑oriented ownership.
• Positive Sentiment: Analyst price target lift — JPMorgan: JPMorgan raised its price target to $74 and keeps an overweight rating, implying roughly 7.4% upside from the recent reference price. New York Times (NYSE:NYT) Price Target Raised to $74.00 at JPMorgan Chase & Co.
• Positive Sentiment: Analyst price target lift — Evercore ISI: Evercore raised its target to $75 with an outperform rating, implying ~9.1% upside — another vote of confidence from the sell‑side. New York Times (NYSE:NYT) Price Target Raised to $75.00 at Evercore ISI
• Neutral Sentiment: High editorial output and big event coverage (Olympics, national and international features): broad, attention‑driving content can boost traffic and ad opportunities but its short‑term impact on revenue is hard to quantify. As Olympics Open, Pope Leo Warns Against Using Sports for ‘Propaganda or National Supremacy’
• Neutral Sentiment: Non‑business headlines and features (travel, science, culture, sports) will keep engagement elevated but are unlikely to move the stock materially in the near term.
• Negative Sentiment: Near‑term market reaction: some coverage noted the stock dipped after the earnings release, indicating profit‑taking or short‑term selling despite the beat. That selling pressure helps explain today’s modest decline. What’s Going On With New York Times Stock Today?
• Negative Sentiment: Low intraday liquidity: trading volume is well below average, which can amplify price moves and produce outsized intraday swings unrelated to fundamentals.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in New York Times by 59.6% in the 3rd quarter. Larson Financial Group LLC now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 245 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in New York Times by 690.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 846 shares of the company’s stock valued at $42,000 after purchasing an additional 739 shares during the last quarter. Employees Retirement System of Texas increased its position in shares of New York Times by 101.6% during the third quarter. Employees Retirement System of Texas now owns 1,006 shares of the company’s stock valued at $58,000 after purchasing an additional 507 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of New York Times during the 2nd quarter valued at about $116,000. Finally, Headlands Technologies LLC bought a new stake in New York Times in the second quarter valued at about $149,000. Institutional investors own 95.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NYT. Guggenheim set a $63.00 target price on shares of New York Times and gave the stock a “neutral” rating in a report on Wednesday. Barclays upped their price objective on shares of New York Times from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. Citigroup decreased their price target on New York Times from $81.00 to $77.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of New York Times in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of New York Times from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.43.

New York Times Company Profile

The New York Times Company is a publicly traded media organization best known for publishing The New York Times newspaper and operating the NYTimes.com digital platform. The company produces daily print and digital journalism covering national and international news, opinion pieces, feature stories, and multimedia content. Alongside its flagship newspaper, the firm offers a range of subscription-based services, including Times Cooking, NYT Games, podcasts and newsletters, designed to engage a broad audience of readers and advertisers.

Founded in 1851 by Henry Jarvis Raymond and George Jones, The New York Times has built a reputation for in-depth reporting and investigative journalism.