The New York Times Company (NYT) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 9.7% YoY to $768.5M; adjusted operating profit increased 13.9% to $149.6M, and net income rose 19.2% to $97.4M.

• Added 420,000 net digital-only subscribers, reaching 13.76M; digital subscriptions and advertising drove growth.

• Management cited strong engagement and retention, sustained subscriber momentum, and investment in growth areas including video.

Financial highlights

• Total subscription revenue grew 10.7% YoY to $547.5M; digital-only subscription revenue increased 14.6% to $421.3M.

• Total advertising revenue rose 7.8% to $142.6M; affiliate, licensing and other revenue increased 6.2% to $78.4M.

• Adjusted diluted EPS was $0.68 versus $0.59; reported diluted EPS was $0.60 versus $0.50.

• Adjusted operating costs rose 8.7% YoY to $618.9M, reflecting higher compensation, marketing, technology, servicing and administrative costs.

Outlook and guidance

• Q4 2026 guidance: digital-only subscription revenue +12%–15%; total subscription revenue +9%–11%.

• Q4 digital advertising is expected to grow high-single to low-double digits; total advertising mid-single digits; affiliate, licensing and other revenue low- to mid-single digits.

• Q4 adjusted operating costs are expected to increase 6%–8%; compensation costs may vary with Q4 financial performance.

• FY 2026 expectations: depreciation and amortization ~$85M, including $25M–$30M of acquired-intangible amortization; interest income and other, net, $45M–$50M; capex $35M–$40M.

• OBBBA provisions are expected to reduce 2026 cash taxes by ~$60M; most of the benefit is not expected to recur beyond FY 2026.