The New York Times Company reported a significant increase in its financial performance for the third quarter of 2025, with total revenues rising to $700.8 million, a 9.5% increase from $640.2 million in the same period last year. Subscription revenues accounted for the largest share, reaching $494.6 million, up 9.1% year-over-year, driven by a 14.0% increase in digital-only subscription revenues. The company also saw a notable rise in operating profit, which increased by 36.6% to $104.8 million, compared to $76.7 million in the third quarter of 2024.

In terms of profitability, net income for the quarter was $81.6 million, reflecting a 27.3% increase from $64.1 million in the prior year. The diluted earnings per share rose to $0.50, up from $0.39 in the same quarter last year. The company’s operating profit margin improved to 15.0%, compared to 12.0% in the previous year, indicating enhanced operational efficiency. Adjusted operating profit, which excludes certain costs, also saw a substantial increase of 26.1% to $131.4 million.

The New York Times Company has made strategic moves to bolster its market position, including the addition of approximately 460,000 net digital-only subscribers in the third quarter, bringing the total to about 11.76 million. This growth was attributed to successful marketing strategies and the introduction of bundled subscription offerings. The company’s total subscriber base, including print and digital products, reached approximately 12.33 million. The average revenue per user (ARPU) for digital-only subscribers increased by 3.6% to $9.79, reflecting a successful transition of subscribers from promotional rates to higher pricing.

Operationally, the company reported a 5.8% increase in total operating costs to $596.0 million, primarily due to higher journalism and subscriber servicing costs. The company also incurred $2.4 million in litigation costs related to its ongoing lawsuit against Microsoft and OpenAI regarding generative AI. Looking ahead, The New York Times Company remains focused on navigating the competitive landscape of digital media while continuing to expand its subscriber base and enhance its product offerings. The company expects to maintain its dividend payments and continue share repurchases as part of its capital allocation strategy.

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.

This description was generated via AI from an annual report. Updated 8 months ago.

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