NYT Q3 2025 Earnings
Reported Nov 5, 2025 at 7:02 AM ET · SEC Source
Q3 25 EPS
$0.59
BEAT +10.84%
Est. $0.53
Q3 25 Revenue
$700.8M
BEAT +1.27%
Est. $692.0M
vs S&P Since Q3 25
+27.2%
BEATING MARKET
NYT +34.8% vs S&P +7.5%
Market Reaction
Did NYT Beat Earnings? Q3 2025 Results
The New York Times Company posted a strong third quarter of 2025, beating Wall Street expectations on both the top and bottom lines as accelerating digital subscription growth powered better-than-anticipated results. Adjusted diluted EPS came in at $… Read more The New York Times Company posted a strong third quarter of 2025, beating Wall Street expectations on both the top and bottom lines as accelerating digital subscription growth powered better-than-anticipated results. Adjusted diluted EPS came in at $0.59, clearing the $0.53 consensus estimate by 10.84%, while total revenue rose 9.5% year-over-year to $700.82 million, edging past the $692.01 million estimate by 1.27%. The headline driver was the company's bundling strategy, which helped add approximately 460,000 net digital-only subscribers in the quarter, pushing digital-only subscription revenues up 14.0% to $367.44 million; digital advertising delivered an additional lift, climbing 20.3% to $98.11 million on strong marketer demand. Disciplined cost management was equally notable, with operating costs growing just 5.8% against that 9.5% revenue gain, expanding the operating margin to 15.0% from 12.0% a year ago. Looking ahead, the company guided for digital-only subscription revenues to grow 13-16% in the fourth quarter, with digital advertising expected to increase in the mid-to-high-teens.
Key Takeaways
- • 460,000 net digital-only subscriber additions in Q3 2025
- • Digital-only ARPU increased 3.6% YoY to $9.79 driven by subscribers transitioning from promotional to higher prices and price increases on tenured subscribers
- • Bundle and multiproduct subscribers grew to 6.27 million, up from 5.12 million a year ago
- • Strong marketer demand and new advertising supply drove 20.3% digital advertising revenue growth
- • Higher licensing revenues contributed to 7.9% growth in affiliate, licensing and other revenues
- • Operating profit margin expanded 300 basis points YoY to 15.0%
NYT YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
NYT Revenue by Segment
With YoY comparisons, source: SEC Filings
“Q3 was another great quarter across the board at The Times and our results demonstrate that our strategy is working as designed. We saw strong revenue growth and we are generating significant free cash flow. We are confident in our ability to widen the number of people who use and engage deeply with The Times. That means becoming more essential to even more people. And as we do that, we expect to deliver more value for shareholders and society.”
— Meredith Kopit Levien, Q3 2025 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
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.86 | $0.89 | +2.97% | $802.3M | +1.42% |
| 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% |