The New York Times Company reported a strong financial performance for the fiscal year ending December 31, 2025, with total revenues reaching $2.82 billion, a 9.2% increase from $2.59 billion in 2024. Subscription revenues accounted for the majority of this growth, rising 9.1% to $1.95 billion, driven by a significant increase in digital-only subscriptions, which grew 14.3% to $1.43 billion. The company ended the year with approximately 12.78 million total subscribers, including 12.21 million digital-only subscribers, marking a net increase of about 1.4 million digital subscribers compared to the previous year.
Operating profit for 2025 increased by 22.9% to $431.6 million, up from $351.1 million in 2024, with an operating profit margin of 15.3%, compared to 13.6% the previous year. Adjusted operating profit, which excludes certain costs, rose 20.8% to $550.1 million. The company also reported diluted earnings per share of $2.09, an increase from $1.77 in 2024, while adjusted diluted earnings per share rose to $2.46 from $2.01.
Strategically, The New York Times Company has focused on expanding its digital offerings and enhancing user engagement. The company aims to reach 15 million total subscribers by the end of 2027. In 2025, it continued to invest in its journalism and product development, including the launch of new features across its digital platforms. The company also reported a 20% increase in digital advertising revenues, which contributed to a total advertising revenue increase of 11.8% to $566 million.
Operationally, the company maintained a workforce of approximately 6,000 full-time equivalent employees, with over 3,000 involved in journalism operations. The New York Times Company has also been proactive in managing its pension obligations, with its qualified pension plans showing a surplus of $75.9 million over benefit obligations as of December 31, 2025. Looking ahead, the company plans to continue returning capital to shareholders through dividends and share repurchases, with a commitment to return at least 50% of free cash flow to stockholders over the next three to five years.
About NEW YORK TIMES CO
The New York Times Company is a global media organization providing high-quality news, journalism, and content across digital and print platforms. Its core offerings include The New York Times, The Athletic, Wirecutter, and related products, serving a broad international audience. The company generates revenue primarily from subscriptions and advertising, leveraging its reputation for independent journalism and innovative digital products to maintain a competitive edge.
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