The New York Times Beats Q4 Revenue Expectations With $800 Million Haul
The New York Times pulled in $802.3 million in revenue in 2025’s fourth quarter, beating analyst expectations as the paper added 450,000 digital subscribers and saw its digital advertising revenue increase by nearly 25% over the year prior.
The company ended 2025 with 1.4 million digital-only subscribers added in the year, bringing the paper closer to its goal of 15 million subscribers by the end of 2027. It finished the quarter with 12.78 million total subscribers.
About 12.21 million of its total subscribers were digital-only subscribers, and more than half of those (6.48 million) subscribed to the Times through its bundle offerings. The Times bundles its newspaper with products such as Games, Cooking, its product-recommendation site WireCutter and its sports website, the Athletic. It also offers family subscriptions.
The Times’ digital-only subscription revenue increased by 13.9% to $381.5 million, while its total subscription revenue increased 9.4% to $510.5 million. Print subscription revenue decreased by 2% due to a decrease in home deliveries and single-copy sales.
“The fourth quarter capped another strong year for The Times, and our results demonstrated that our strategy continues to work as designed,” New York Times Co. CEO Meredith Kopit Levien said in a statement. “Our world-class news coverage and premium lifestyle products proved more valuable to more people in 2025. We have confidence that in 2026, we can deliver another year of healthy growth in subscribers, revenue, and profitability, as well as strong free cash flow.”
Net income: $129.8 million, up 4.9% year over year, compared to $TK million a year ago.
Earnings Per Share: Diluted earnings per share of 79 cents. Excluding certain items, adjusted EPS came in at 89 cents per share, compared to 88 cents per share expected by analysts surveyed by Yahoo Finance.
Total Revenue: $802.3 million, up 10.4% year over year, compared to $791.5 million expected by analysts surveyed by Yahoo Finance.
More to come…
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