The New York Times Company reported Q2 earnings, with adjusted EPS at 58 cents, surpassing the Zacks Consensus Estimate of 50 cents. Total revenues of $685.9 million increased 9.7% YoY, driven by a 9.6% YoY increase in subscription revenues to $481.4 million. Digital-only subscribers grew by 230,000, with an average revenue per user of $9.64, up from $9.34 in the prior-year period.
The New York Times Company (NYT) reported its second-quarter earnings for the period ending June 2025, showing robust performance across various revenue streams. The company reported adjusted earnings per share (EPS) of $0.58, surpassing the Zacks Consensus Estimate of $0.50. This represents a quarterly earnings surprise of +16.00% [1].
Total revenues for the quarter reached $685.9 million, an increase of 9.7% year-over-year (YoY), driven primarily by a 9.6% YoY increase in subscription revenues to $481.4 million [3]. This growth was supported by an increase in digital-only subscribers by approximately 230,000, with an average revenue per user (ARPU) of $9.64, up from $9.34 in the prior-year period [4].
The company also saw a 15.1% YoY increase in digital subscription revenues, and digital advertising revenues increased by 18.7% YoY. Total advertising revenues increased by 12.4% YoY, contributing to the overall revenue growth [4].
Adjusted operating profit grew by 27.8% YoY to approximately $134 million, and the company ended the quarter with approximately 11.88 million subscribers to its print and digital products, including approximately 11.30 million digital-only subscribers [4].
For the third quarter, NYT projects total subscription revenues to increase by 8-10%, with digital-only subscription revenues projected to increase by 13-16% [4].
The stock has added about 3% since the beginning of the year compared to the S&P 500's gain of 7.1%. The company's Zacks Rank #2 (Buy) suggests that the stock is expected to outperform the market in the near future, based on favorable estimate revisions trends [1].
References:
[1] https://finance.yahoo.com/news/york-times-co-nyt-q2-123502673.html
[2] https://finance.yahoo.com/news/york-times-q2-earnings-snapshot-113341794.html
[3] https://www.marketscreener.com/news/new-york-times-says-total-subscription-revenues-increased-9-6-percent-to-481-4-million-in-the-secon-ce7c5ed9d08bf722
[4] https://www.nasdaq.com/articles/new-york-times-company-posts-subscriber-count-1188-mln-q2-end
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