New York Times Q3 Operating Profit Rises 16.4% as Digital Subscription Revenue Grows 14.6%
The New York Times Company grew third-quarter operating profit 16.4% as digital subscription revenue rose 14.6% and its subscriber base reached 13.76 million, according to its 8-K released Wednesday.
Total revenue increased 9.7% to $768.5 million. Diluted EPS rose $0.10 to $0.60, and adjusted diluted EPS increased $0.09 to $0.68.
Subscribers and ads both grow
Digital-only subscription revenue climbed to $421.3 million. The company added an estimated 420,000 net digital-only subscribers from the end of the second quarter, the company said, bringing digital-only subscribers to 13.22 million. Digital-only average revenue per user rose 1.4% to $9.93.
Digital advertising revenue increased 12.0% to $109.9 million on marketer demand and more ad supply. Affiliate, licensing and other revenue grew 6.2%.
Costs rise with investment
Operating costs rose 8.5% to $646.6 million, driven by higher compensation tied to journalism, general and administrative costs and marketing. Operating profit reached $121.9 million, and adjusted operating profit rose 13.9% to $149.6 million. Adjusted operating margin improved to 19.5%.
President and CEO Meredith Kopit Levien said the company kept "investing in growth areas like video," adding that its subscription strategy built on "human-made journalism" provides advantages "that we believe will only deepen with time."
Fourth-quarter outlook
For the fourth quarter, the company expects digital-only subscription revenue to grow 12% to 15% and total subscription revenue to rise 9% to 11%. It forecast digital advertising growth in the high single digits to low double digits and adjusted operating cost growth of 6% to 8%.
By the numbers
- Q3 revenue: $768.5 million, up 9.7%
- Digital-only subscription revenue: $421.3 million, up 14.6%
- Total subscribers: 13.76 million
- Adjusted EPS: $0.68
- Q4 digital subscription revenue guidance: up 12% to 15%
Sources
- The New York Times Company Form 8-K with third-quarter 2026 earnings release, filed Nov. 4, 2026 (accession 0000071691-26-000039)
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Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.