Quarterly ResultMay 6, 2026, 03:28 PM
New York Times Q1 Net Income +77% to $87.9M; EPS $0.54
AI Summary
The New York Times Company reported strong financial results for the first quarter of 2026, with net income surging 77.4% to $87.9 million and basic EPS rising 80% to $0.54. Total revenues increased 12.0% to $712.2 million, driven by robust growth in both subscription and advertising revenues. The company also increased its dividends declared per share by 27.8% to $0.23 and continued its share repurchase program, buying back $56.3 million in shares.
Key Highlights
- Net income increased by 77.4% to $87.9 million for Q1 2026, up from $49.6 million in Q1 2025.
- Basic earnings per share (EPS) rose 80% to $0.54 in Q1 2026, compared to $0.30 in Q1 2025.
- Total revenues grew 12.0% to $712.2 million for Q1 2026, up from $635.9 million in Q1 2025.
- Subscription revenues increased 11.3% to $516.9 million, with digital-only subscriptions up 16.1% to $389.0 million.
- Advertising revenues increased 17.3% to $126.8 million, driven by a 31.6% surge in digital advertising revenues to $93.3 million.
- Dividends declared per share increased 27.8% to $0.23 for Q1 2026, up from $0.18 in Q1 2025.
- The company repurchased approximately $56.3 million in Class A shares during Q1 2026.
- Generative AI Litigation Costs were $4.2 million in Q1 2026, slightly down from $4.4 million in Q1 2025.
Price Impact
More from NYT