$NYT · NEW YORK TIMES CO
The New York Times Company filed its 10-Q for the quarter ended September 30, 2026. Total revenues rose 9.7% YoY to $768.5M, driven by subscription revenue up 10.7% to $547.5M and advertising up 7.8% to $142.6M. Net income grew 19.2% to $97.4M, with diluted EPS of $0.60 versus $0.50 a year ago. Operating profit rose 16.4% to $121.9M.
- Total revenues rose 9.7% YoY to $768.5M in Q3 FY2026.
- Subscription revenue grew 10.7% to $547.5M; advertising up 7.8% to $142.6M.
- Net income rose 19.2% to $97.4M; diluted EPS $0.60 vs $0.50.
- Operating profit up 16.4% to $121.9M; operating margin 15.9%.
- Dividend raised to $0.23/share from $0.18; share repurchases of $79.9M in the quarter.
Stock down 2.71% to $65.30 in the regular session despite solid results, suggesting profit-taking or concerns about rising costs (sales & marketing +12.5%, G&A +12.7%).
NYT delivered double-digit subscription growth and a 19% profit jump, but rising AI litigation and marketing costs are eroding margin expansion.
NYT's 9.7% revenue growth and 10.7% subscription growth continue to outpace legacy print peers, underscoring its successful digital-subscription pivot.
Generative AI Litigation Costs rose 57% YoY to $3.8M in the quarter and 22.6% to $12.6M for nine months, a growing expense line. Sales & marketing spend grew 12.5% YoY, outpacing revenue growth.