The New York Times Surges 15.5% on Q2 Earnings

The New York Times Company reported a 26.6% increase in net income to $82.9 million in Q2, with revenues up 9.7% to $685.87 million. Net income rose 25% in the six-month period, and total subscribers increased by 9.6% year-on-year. The company expects total revenues to grow by low-to-mid single digits in Q3, with digital advertising revenues rising by low double digits and digital subscriptions between 13% and 16%.

Title: The New York Times Company Reports Strong Q2 Performance, Eyes Further Growth

The New York Times Company (NYT) has reported robust financial performance for Q2 2025, with net income increasing by 26.6% to $82.9 million. Revenues climbed 9.7% to $685.87 million, reflecting strong growth across all major revenue lines. The company's net income rose 25% in the six-month period, with total subscribers increasing by 9.6% year-on-year.

Meredith A. Kopit Levien, CEO, highlighted the company's strategy success, noting growth in digital subscriptions, advertising, affiliate, and licensing revenues. Digital-only subscription revenues rose approximately 15% to $350 million, while total subscription revenues increased about 10% to $481 million. Digital advertising revenues reached $134 million, up about 12%, with digital advertising at $94 million, a 19% increase. Affiliate, licensing, and other revenues climbed around 6% to $70 million.

William Bardeen, CFO, provided guidance for Q3, expecting digital-only subscription revenues to increase 13% to 16%, and total subscription revenues to increase 8% to 10%. Digital advertising revenues are projected to grow in the low double digits, total advertising in the low to mid-single digits, and affiliate licensing and other revenues in high single digits. Adjusted operating costs are expected to rise 5% to 6%.

The company's ambitious approach to video, including news videos, full-length shows, and enhanced video experiences in lifestyle products, has been a key driver of growth. A multiyear deal with Amazon centered on generative AI is expected to bring Times journalism, recipes, and sports coverage to Amazon's platforms and foundation models.

The company's outlook remains positive, with management expressing confidence in achieving its goal of 15 million subscribers by 2027. The Amazon AI partnership is seen as a significant opportunity for growth, with the company emphasizing control over how its content is used.

# References
[1] https://seekingalpha.com/news/4479878-new-york-times-targets-15m-subscribers-by-2027-as-digital-ad-growth-accelerates-with-amazon
[2] https://finance.yahoo.com/news/york-times-nyse-nyt-q2-123935473.html