NYT Q2 Earnings: Digital Subscribers Reach 13.35M, Revenue Climbs 11%, Guidance Raised
NYT sits 30% above its 52-week low of $52.425.
Summary
Q2 2026 results showed 11.2% revenue growth, 280K net new digital subscribers, and raised Q3 guidance. Digital advertising jumped 20.7%, and the company repurchased $35.4M in shares.
Key Events · Earnings and Guidance · NYT
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Digital Subscriber Growth Accelerates
Net digital-only subscribers rose by 280,000 in Q2, reaching 12.80 million; total subscribers now stand at 13.35 million. Digital-only ARPU increased 3.1% year-over-year to $9.94.
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Revenue and Profit Beat Expectations
Total revenues grew 11.2% to $762.5M, fueled by a 16.4% increase in digital-only subscriptions and a 20.7% jump in digital advertising. Operating profit climbed 10.8% to $118.0M, while adjusted diluted EPS of $0.69 was up 19% year-over-year.
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Q3 Guidance Raised Across Key Metrics
For Q3, the company expects digital-only subscription revenue growth of 12–15%, total subscription revenue growth of 9–11%, and digital advertising revenue growth in the mid-to-high teens. Adjusted operating costs are projected to rise 8–9%.
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Strong Balance Sheet and Capital Returns
Cash and marketable securities totaled $1.22B with no debt outstanding. During Q2, $35.4M in shares were repurchased; $239.7M remains under authorization. Free cash flow for the first half reached $265.7M, up from $193.2M a year ago.
Analysis · NYT · Manufacturing
A strong second quarter saw The New York Times add 280,000 net digital-only subscribers, pushing the total to 13.35 million. Digital advertising surged 20.7% year-over-year, while digital-only subscription revenue grew 16.4%. Operating profit rose 10.8% to $118 million, and adjusted diluted EPS of $0.69 beat the prior year by 19%. The company raised its third-quarter outlook, projecting digital subscription revenue growth of 12–15% and digital advertising growth in the mid-to-high teens. With $1.22 billion in cash and no debt, the balance sheet remains fortress-like. The results reinforce the durability of the subscription-first model amid a volatile media landscape, though operating costs are rising faster than revenue, and the print business continues to decline.
At the time of this filing, NYT was trading at $68.25 on NYSE in the Manufacturing sector, with a market capitalization of approximately $12.2B. The 52-week trading range was $52.43 to $87.10. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.