New York Times Q2 2026: Digital Subscriptions Drive Fifth Straight Beat
As seen on the 24/7 Wall St. homepage on August 5, 2026.
A fifth straight quarter of topping consensus EPS rests on digital subscription revenue rising 16.4% to $407.9 million. Management guided Q3 digital-only subscription revenue growth of 12% to 15%, so the momentum has a runway.
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New York Times Co reported Q2 2026 earnings per share of $0.69, beating the consensus estimate of $0.67 by about 3.6%. Revenue came in at $762.5 million, clearing Wall Street's $751.9 million estimate by 1.4%. The results extend an unbroken run of consensus beats stretching back five quarters, with reported EPS topping estimates in every period from Q3 2024 through Q2 2026.
The engine behind the beat was digital subscription revenue, which climbed 16.4% to $407.9 million. That growth rate underscores how decisively the company has shifted its revenue base away from print advertising and toward recurring digital income. The consistency of the trend — beat quarters in Q3 2024, Q4 2024, Q1 2025, Q2 2025, Q3 2025, Q4 2025, Q1 2026, and now Q2 2026 — suggests the subscription flywheel is holding its momentum.
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The forward-looking signal from management is also constructive: guidance calls for Q3 digital-only subscription revenue growth of 12% to 15%. That range implies some moderation from the 16.4% pace posted in Q2, so investors will be watching whether the company can sustain the upper end of that band or close the gap back toward Q2 levels when Q3 results arrive.
Mentioned: NYT