NYSE$NYT

The New York Times Co · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

The New York Times reported Q1 2025 total revenues of $635.9M with net income of $49.6M and diluted EPS of $0.30.

Total revenues were $635.9 million for the quarter ended March 31, 2025, up from $594.0 million a year ago, led by subscription growth to $464.3 million. Net income was $49.6 million ($0.30 diluted EPS) versus $40.4 million ($0.25 EPS) in the prior-year quarter. Digital subscriptions and bundled offerings remain the primary growth engine.

  • Q1 total revenues $635.9M; subscription revenue $464.3M.
  • Net income $49.6M; diluted EPS $0.30.
  • Advertising revenue $108.1M with affiliate/licensing $63.6M.
  • Bundle and product expansion support ARPU trends.

Headline financials

Total Revenue

$636M

Previous: $594M+7.1%
EPS (adj)

$0.30

Previous: $0.24+25.0%
Capital Expenditures

-$9.24M

Previous: -$6.42M-43.8%
Net Income

$49.6M

Previous: $40.4M+22.6%
Operating Income

$58.6M

Previous: $48.3M+21.3%
Gross Profit

$280M

Previous: -$338M+182.9%
R&D Expense

$66.5M

Previous: $63.2M+5.3%

Revenue & EPS history

NYT · Revenue · Quarterly

$636M

Q1 2025+7.1%vs Q1 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

NYT · $399M total across 3 segments · Q3 2023

  • Digital-only subscription
    $282M+15.7%
  • Digital advertising
    $75M+6.7%
  • Print advertising
    $42.1M+4.8%

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.1%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+3.8%

Avg return

30 days after

43%

29 / 68 earnings

Positive

+17.1%

Q1 2017

Best reaction

-23.1%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.8%+0.0%-0.5%
Q4 2025-6.3%-4.9%+11.4%
Q3 2025-0.3%+8.4%+12.1%
Q1 2025-0.1%+3.0%+6.0%
Q4 2024-11.9%-11.9%-11.9%
Q3 2024-6.3%-1.0%-3.9%
Q2 2024+3.0%+3.3%+1.6%
Q1 2024+3.8%+3.9%+8.7%
Q4 2023-9.9%-8.7%-10.8%
Q3 2023+3.6%+4.4%+12.2%
Q2 2023+7.5%+8.6%+9.3%
Q1 2023-7.7%-6.5%-6.0%
Q4 2022+9.3%+7.4%-0.6%
Q3 2022+12.5%+16.2%+21.5%
Q2 2022-0.9%-0.5%-1.6%
Q1 2022-7.8%-13.8%-11.8%
Q4 2021+0.8%-1.4%+11.5%
Q3 2021-8.2%-11.4%-14.9%
Q2 2021+8.6%+9.8%+19.7%
Q1 2021-1.2%-0.2%-6.8%
Q4 2020-0.6%-2.7%-0.8%
Q3 2020-4.6%-7.6%+14.0%
Q2 2020-0.7%-4.9%-7.4%
Q1 2020+5.2%+8.2%+24.3%
Q4 2019+9.4%+13.0%+9.6%
Q3 2019-5.4%-2.3%+1.3%
Q2 2019-14.4%-20.2%-14.7%
Q1 2019+5.9%-0.5%-1.1%
Q4 2018+13.7%+16.1%+23.9%
Q3 2018+5.4%+2.0%+1.6%
Q2 2018-6.0%-6.4%-6.0%
Q1 2018-0.9%-0.9%+0.0%
Q4 2017+8.8%+9.0%+11.7%
Q3 2017-6.5%-9.4%-2.4%
Q2 2017+5.2%+4.1%-0.5%
Q1 2017+17.1%+18.9%+23.1%
Q4 2016+5.9%+8.1%+7.7%
Q3 2016-0.9%+1.8%+17.4%
Q2 2016+1.5%-0.1%+2.0%
Q1 2016-4.3%
Q4 2015-2.3%
Q3 2015+1.8%
Q2 2015+0.0%
Q1 2015+6.2%
Q4 2014+9.2%
Q3 2014-4.2%
Q2 2014-9.3%
Q1 2014-1.6%
Q4 2013+4.2%
Q3 2013-0.3%
Q2 2013-2.1%
Q1 2013-0.9%
Q4 2012+5.2%
Q3 2012-23.1%
Q2 2012+9.3%
Q1 2012-2.0%
Q2 2011+0.8%
Q4 2011+0.8%
Q3 2011-0.8%
Q1 2011+0.0%
Q1 2010+0.0%
Q2 2010-7.3%
Q4 2008-7.3%
Q4 2010-7.3%
Q3 2010+0.5%
Q3 2009+0.5%
Q2 2009-3.4%
Q4 2009-3.4%

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