NYT · The New York Times Company

The New York Times Company delivered a strong first quarter in 2026, driven by robust growth in digital subscriptions and digital advertising. Digital-only subscription revenues rose 16.1% year-over-year to $389.0 million, fueled by a 2.4% increase in ARPU to $9.77 and the addition of 310,000 net digital-only subscribers, bringing the total to 12.52 million. Digital advertising revenues surged 31.6% to $93.3 million, reflecting strong marketer demand and increased advertising supply. Total revenues grew 12.0% to $712.2 million. Operating profit increased 54.5% to $90.6 million, with operating profit margin expanding to 12.7% from 9.2% a year ago. On an adjusted basis, operating profit rose 27.2% to $117.9 million, and adjusted operating profit margin improved to 16.6%. Diluted EPS increased to $0.54 from $0.30, while adjusted diluted EPS rose to $0.61 from $0.41. Management highlighted strong demand for the company's journalism and premium lifestyle content, and expressed confidence in continued revenue growth, margin expansion, and free cash flow generation. For the second quarter of 2026, the company expects digital-only subscription revenue growth of 14-17%, total subscription revenue growth of 10-12%, digital advertising revenue growth in the high-teens, and adjusted operating cost growth of 8-9%. The company also noted that the One Big Beautiful Bill Act resulted in lower cash tax payments, providing a temporary benefit. Overall, the results demonstrate the company's successful execution of its strategy to build direct relationships and daily habits with subscribers, driving both top-line growth and margin improvement.