Q1 26 EPS
$0.61
BEAT +26.19%
Est. $0.48
Q1 26 Revenue
$712.2M
BEAT +1.42%
Est. $702.3M
vs S&P Since Q1 26
-23.6%
TRAILING MARKET
NYT -18.2% vs S&P +5.4%
Market Reaction
Did NYT Beat Earnings? Q1 2026 Results
The New York Times Company delivered a standout first quarter for fiscal 2026, beating Wall Street expectations on both the top and bottom lines and extending its EPS beat streak to four consecutive quarters. Adjusted diluted EPS came in at $0.61, cl… Read more The New York Times Company delivered a standout first quarter for fiscal 2026, beating Wall Street expectations on both the top and bottom lines and extending its EPS beat streak to four consecutive quarters. Adjusted diluted EPS came in at $0.61, clearing the $0.47 consensus estimate by 30.23%, while revenue of $712.24 million topped forecasts by 1.71% and grew 12.0% year over year. The clearest engine behind the outperformance was digital momentum on multiple fronts: digital advertising surged 31.6% to $93.25 million on strong marketer demand, and the company added roughly 310,000 net digital-only subscribers in the quarter, lifting its total subscriber base to 13.08 million. That subscriber growth, combined with a 2.4% rise in digital-only ARPU to $9.77, pushed adjusted operating profit up 27.2% and expanded adjusted operating margin to 16.6%. Looking ahead, management guided for Q2 digital-only subscription revenue growth of 14% to 17% and high-teens digital advertising growth, signaling confidence that the company's digital transformation continues to compound.
Key Takeaways
- • Digital-only subscription revenue grew 16.1% YoY driven by higher average digital-only subscribers and higher ARPU
- • Digital advertising revenues surged 31.6% YoY due to strong marketer demand and growth in advertising supply
- • Approximately 310,000 net digital-only subscriber additions in the quarter
- • Digital-only ARPU increased 2.4% YoY to $9.77 driven by promotional-to-full-price transitions and price increases on tenured subscribers
- • Lower effective tax rate of 10.6% vs 22.5% YoY due to higher tax benefit from stock-based award settlements
- • Operating profit margin expanded approximately 350 basis points to 12.7%
NYT YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
NYT Revenue by Segment
With YoY comparisons, source: SEC Filings
“Q1 was another great quarter, and our results reflect strong demand for the uncompromised journalism and premium lifestyle content that The Times is uniquely capable of delivering. We continued to execute against our strategic priorities, which are designed to build direct relationships and daily habits with millions more people. We remain confident that 2026 will be another year of revenue growth, AOP growth, margin expansion, and strong free cash flow.”
— Meredith Kopit Levien, Q1 2026 Earnings Press Release
NYT Earnings Trends
NYT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
NYT EPS Trend
Earnings per share: estimate vs actual
NYT Revenue Trend
Quarterly revenue: estimate vs actual
NYT Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.67 | $0.69 | +3.56% | $762.5M | +1.41% |
| Q1 26 BEAT | $0.48 | $0.61 | +26.19% | $712.2M | +1.42% |
| Q4 25 BEAT FY | $0.88 | $0.89 | +1.06% | $802.3M | +1.36% |
| FY Full Year | $2.38 | $2.46 | +3.46% | $2.82B | +0.40% |
| Q3 25 BEAT | $0.53 | $0.59 | +10.84% | $700.8M | +1.27% |
| Q2 25 BEAT | $0.51 | $0.58 | +12.71% | $685.9M | +2.42% |
| Q1 25 BEAT | $0.34 | $0.41 | +19.88% | $635.9M | +0.14% |