The earnings call reflects a strong quarter for The New York Times, with significant growth in digital subscriptions and advertising revenue, a strategic deal with Amazon, and robust financial performance. However, there are ongoing challenges due to reduced traffic from tech companies' AI products. Despite these challenges, the overall sentiment is positive due to the strong financial and operational results.

Company Guidance

During The New York Times Company's Second Quarter 2025 Earnings Conference Call, significant guidance was provided on various financial metrics and strategic initiatives. The company reported a 10% year-over-year revenue increase, with adjusted operating profit (AOP) growing by approximately 28% and AOP margin expanding by around 280 basis points. Free cash flow generation was robust, reaching approximately $193 million in the first half of the year. The company also added about 230,000 net new digital subscribers, increasing the total subscriber base to around 11.9 million, with digital-only subscription revenues growing by 15% to $350 million. Digital advertising revenue saw a 19% rise, contributing to a 12% overall increase in advertising revenue. The company projects digital-only subscription revenues to grow by 13% to 16% in the third quarter of 2025, while total subscription revenues are expected to rise by 8% to 10%. Additionally, a new multiyear licensing deal with Amazon was highlighted as a strategic move to expand audience reach and incorporate generative AI. The company maintained cost discipline while strategically investing in journalism and digital products to ensure long-term growth and resilience in a dynamic market environment.

Digital Subscription Growth

The New York Times added 230,000 net new digital subscribers, bringing the total subscriber base to approximately 11.9 million. Digital subscription revenue increased by over 15%.

Advertising Revenue Increase

Digital advertising revenue grew nearly 19%, and total advertising revenue increased by more than 12%.

Amazon Licensing Deal

The company signed a multiyear licensing deal with Amazon, marking their first agreement with generative AI at the center.

Financial Performance

Year-over-year, revenue grew nearly 10%, AOP grew by approximately 28%, and AOP margin expanded by approximately 280 basis points.

Free Cash Flow and Shareholder Returns

The company generated approximately $193 million of free cash flow in the first half of the year and returned approximately $134 million to shareholders through share repurchases and dividends.

New York Times (NYT) Earnings, Revenues Date & History

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NYT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.53 / -	0.45	―	―	―
Aug 06, 2025	2025 (Q2)	0.51 / 0.58	0.45	28.89% (+0.13)
May 07, 2025	2025 (Q1)	0.34 / 0.41	0.31	32.26% (+0.10)
Feb 05, 2025	2024 (Q4)	0.75 / 0.80	0.7	14.29% (+0.10)
Nov 04, 2024	2024 (Q3)	0.41 / 0.45	0.37	21.62% (+0.08)
Aug 07, 2024	2024 (Q2)	0.41 / 0.45	0.38	18.42% (+0.07)
May 08, 2024	2024 (Q1)	0.20 / 0.31	0.19	63.16% (+0.12)
Feb 07, 2024	2023 (Q4)	0.61 / 0.70	0.59	18.64% (+0.11)
Nov 08, 2023	2023 (Q3)	0.29 / 0.37	0.21	76.19% (+0.16)	―
Aug 08, 2023	2023 (Q2)	0.21 / 0.38	0.24	58.33% (+0.14)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NYT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$53.62	$61.95	+15.54%
May 07, 2025	$52.49	$52.47	-0.04%
Feb 05, 2025	$55.51	$48.89	-11.93%
Nov 04, 2024	$56.30	$51.96	-7.71%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.