The New York Times Company
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Range $63 – $95
Price Chart
About the company
The New York Times Company, in conjunction with its subsidiaries, furnishes news and vital information to a worldwide readership and viewership through a diverse array of digital and traditional media. Its premier publication is The New York Times, issued daily and on Sundays across the United States, with an international version also available. The organization furthermore manages the popular NYTimes.
- CEO
- Meredith A. Kopit Levien
- IPO
- 1973
- Employees
- 6,000
- HQ
- New York City, NY, US
AI snapshot
Six angles, distilled from the data.
The stock is still in a corrective phase after rolling below its 200-day average, which keeps the longer-term trend soft despite a solid multi-year franchise. It remains well off the 52-week high and closer to the middle of its yearly range, so the setup favors a repair-and-reclaim story rather than a breakout already in motion.
Wall Street is constructive but not euphoric: consensus sits at Hold with a 4.3 average score, and the target cluster points to upside from current levels. The latest shift was a Guggenheim upgrade to Buy on digital advertising momentum, while the broader pattern still shows more Holds than Buys.
The company has a clean beat streak, with 7 straight EPS beats and the last reported quarter topping estimates by 3.0%. Next-year EPS is modeled at 3.1401 versus 2.4 TTM, so shareholders should watch whether digital growth and margin discipline keep that glide path intact.
The pattern is mixed but leans cautious: recent discretionary selling from the CEO, CFO, and an EVP outweighs the automatic award and in-kind activity. That said, the sales were modest relative to the company’s size, and the award grants on the board side look like routine compensation rather than a directional signal.
Profitability is healthy, with a 17.12% operating margin, 13.31% net margin, and 51.0% gross margin. Growth is still positive, with revenue up 11.3% year over year and earnings up 14.0%, while net cash of $593.4 million gives the balance sheet room to absorb volatility.
NYT stands out for premium content monetization, subscriptions, and a diversified mix across news, games, cooking, audio, and The Athletic. At 22.55x earnings, it trades at a moderate valuation for a profitable media name, below the kind of multiple usually reserved for faster-growing digital platforms.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $10.39B
- P/E
- 26.45
- Fwd P/E
- 22.55
- PEG
- 1.10
- P/S
- 3.49
- P/B
- 5.06
- EV/EBITDA
- 16.51
- Div Yield
- 1.28%
- Gross Margin
- 51.69%
- Op Margin
- 16.29%
- Net Margin
- 13.19%
- ROE
- 19.47%
- ROIC
- 16.33%
Latest fiscal year · YoY change
- Revenue
- $2.82B+9.2%
- Gross Profit
- $1.44B+12.4%
- Op Income
- $450.70M
- Net Income
- $343.98M+17.1%
- EPS
- $2.11+17.9%
- OCF Growth
- +42.4%
- FCF Growth
- +44.4%
- 52W High
- $87.10
- 52W Low
- $54.10
- 50D MA
- $67.66
- 200D MA
- $73.65
- Beta
- 0.91
- RSI (14)
- 44
- Avg Volume
- 2.47M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
The New York Times delivered a strong Q2 with double-digit revenue and subscriber growth, led by digital subscriptions, advertising, and improving engagement across its portfolio.· August 5, 2026
- Digital-only subscription revenue rose 16.4% to $408 million, with 280,000 net new digital subscribers added and total digital subscribers reaching 13.4 million.
- Consolidated revenue grew 11% and adjusted operating profit rose 16% to approximately $155 million; adjusted diluted EPS increased to $0.69 from $0.58, up $0.11.
- Digital advertising increased 20.7% to $114 million, while total advertising grew 11.3% to $149 million, both above expectations.
- Management said video remains a major long-term investment, but it is still only a minor contributor to advertising so far.
- Q3 guidance implies continued growth, though digital subscription and cost growth are expected to moderate versus Q2.
- The company highlighted resilience to lower traffic from big tech platforms by leaning into direct relationships, product improvements, and multi-format content.
Q2 consolidated revenues grew 11% year over year. Digital-only subscription revenues increased 16.4% to $408 million, total subscription revenues rose 11.7% to approximately $538 million, digital advertising revenues increased 20.7% to $114 million, and total advertising revenues rose approximately 11.3% to $149 million. Affiliate, licensing and other revenues increased approximately 7% to $75.5 million. Adjusted operating profit was approximately $155 million, adjusted diluted EPS was $0.69, and AOP grew 16%. For Q3 2026, management expects digital-only subscription revenues to increase 12% to 15%, total subscription revenues 9% to 11%, digital advertising mid- to high-teens, total advertising high single to low double digits, affiliate/licensing/other low- to mid-single digits, and adjusted operating costs up 8% to 9%. Management also said 2026 should be another year of healthy growth in revenues, AOP, and strong free cash flow generation.
Meredith Kopit Levien framed the quarter as evidence that the company’s strategy is working across journalism, lifestyle, and video. She emphasized adding value to the portfolio through app upgrades, new listening/commenting features, cooking improvements, Wordle enhancements, and expanded video formats including a new Shows tab. Her tone was confident and strategic, with repeated references to long-term resilience, direct audience relationships, and becoming a preferred brand for watching news as well as reading and listening.
Will Bardeen pointed to broad-based revenue strength and disciplined investment, noting 11% consolidated revenue growth, 16% AOP growth to about $155 million, and adjusted diluted EPS of $0.69, up $0.11 or 19%. He said digital-only subscription revenue of $408 million and total subscription revenue of about $538 million were within guidance, while digital advertising at $114 million and affiliate/licensing/other at $75.5 million both beat expectations. He also highlighted approximately $266 million of free cash flow in the first half, about $160 million returned to shareholders through $92 million of repurchases and $68 million of dividends, and reiterated the midterm goal of returning at least 50% of free cash flow to shareholders.
Analysts focused on why sales and marketing costs ran above plan, the softer-looking Q3 digital subscription guide, and what is driving digital ad strength. Management said the higher cost growth mainly reflected variable compensation tied to outperformance, plus ad-related costs and a new middle-market ad sales team, not a change in strategy. On subscriptions, they pointed to mix and pricing effects, including last year’s Mini paywalling and step-up pricing; on ads, they said growth was broad-based across the portfolio, while video is still a minor contributor to ad revenue so far. They also addressed traffic loss from big platforms, saying the company is building resilience by strengthening direct relationships and product experiences.
The bull case is that the company continues to grow subscribers, revenue, and profit at a healthy pace while still investing for the future. Management sounded confident that strong product engagement, pricing power, advertising demand, and emerging video capabilities can support long-term expansion toward 15 million subscribers and beyond. Free cash flow and capital returns also remain meaningful, with management reaffirming shareholder returns.
The main risks discussed were lower traffic from big tech platforms, which management said is continuing to pressure publishers, and tougher comps in the second half of the year. Q3 subscription growth guidance is below recent levels, and management noted that digital ad growth could face more difficult comparisons as the year progresses. Video is promising, but management said it is still early and only a minor contributor to ad revenue so far.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 82.6%
- Shares Outstanding
- 162.40M
- Float Shares
- 134.19M
of shares held by institutions
651 13F filers
Buy/sell ratio 8.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for NYT, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Lisa C. McClainHouse · MI09 | Sell | Aug 4, 25 | Filing → |
| Lisa C. McClainHouse · MI09 | Buy | Jul 22, 25 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Nov 2, 22 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Jun 27, 22 | Filing → |
| Ro KhannaHouse · CA17 | Buy | May 5, 22 | Filing → |
| Ro KhannaHouse · CA17 | Sell | May 10, 22 | Filing → |
| Ro KhannaHouse · CA17 | Sell | May 23, 22 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Feb 14, 22 | Filing → |
| Sara JacobsHouse · CA53 | Sell | Apr 9, 21 | Filing → |
| Peter MeijerHouse · MI03 | Sell | Feb 16, 21 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 15.74M | ▲ 608.88K |
| Berkshire Hathaway Inc | 15.70M | ▲ 553.47K |
| Vanguard Group Inc | 15.65M | ▲ 4.81K |
| Aqr Capital Management LLC | 9.05M | ▲ 871.27K |
| Linonia Partnership LP | 9.03M | 0 |
| T. Rowe Price Investment Management, Inc. | 8.05M | ▼ 1.31M |
| Vanguard Portfolio Management LLC | 7.33M | ▼ 347.86K |
| Vanguard Capital Management LLC | 6.49M | ▼ 494.79K |
| State Street Corp | 5.04M | ▼ 81.26K |
| Darsana Capital Partners LP | 5.00M | ▼ 38.73K |
| Geode Capital Management, LLC | 4.86M | ▲ 589.11K |
| Wellington Management Group Llp | 3.06M | ▼ 1.16M |
Held by 595 ETFs
Biggest fund positions in NYT by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 10, 26 | Bardeen William | other | 485 |
| Aug 10, 26 | Perpich David S. | other | 131 |
| Jul 23, 26 | Bhutani Amanpal Singh | other | 98 |
| Jul 23, 26 | Bronstein Manuel | other | 62 |
| Jul 23, 26 | Brooke Beth A. | other | 68 |
| Jul 23, 26 | Glaser Rachel C | other | 110 |
| Jul 23, 26 | MCANDREWS BRIAN P | other | 176 |
| Jul 23, 26 | ROGERS JOHN W JR | other | 106 |
| Jul 23, 26 | Subramanian Anuradha B. | other | 36 |
| Jul 23, 26 | VAN DYCK REBECCA | other | 176 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our NYT coverage
Recent articles, reports, and earnings notes.

The New York Times' 13% selloff is pricing the wrong business
NYT's 13.4% selloff is treating a growing digital subscription platform like a shrinking print publisher. Digital-only subscribers, ARPU, advertising and profit are moving higher, so we see the drop as a reframe opportunity rather than a business-breakdown signal.

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AI analysis · Last refreshed October 5, 2026 · Live quote · Not investment advice