New York Times Q4 adjusted EPS beats estimates as subscribers increase

Overview

• Media company's Q4 revenue beat analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company added 450,000 net digital-only subscribers in Q4

Outlook

• Company did not provide specific guidance for 2026

Result Drivers

• DIGITAL SUBSCRIPTIONS - Growth in digital subscribers and ARPU drove a 13.9% increase in digital subscription revenues

• DIGITAL ADVERTISING - Digital advertising revenues rose 24.9% due to strong marketer demand and new advertising supply

• OPERATING COSTS - Operating costs increased 10.5% due to higher journalism, subscriber servicing, and advertising servicing costs

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the consumer publishing peer group is "buy"

• Wall Street's median 12-month price target for New York Times Co is $69.00, about 4.4% below its February 3 closing price of $72.21

• The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 23 three months ago

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