The New York Times NYT shares fell more than 12% in trading on Wednesday after the publisher reported slower-than-expected digital subscriber growth for the second quarter and issued a weaker-than-anticipated outlook for digital subscription revenue. The media company added about 280,000 net digital-only subscribers during the quarter, below analysts' average estimate of 295,300 compiled by Visible Alpha.
New York Times Co. (NYT) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.58 per share a year ago.
NYT's Q2 results are likely to test whether digital subscriptions and advertising growth can offset print declines and rising operating costs.
The New York Times Company has successfully transformed into a digital-first enterprise, driving robust growth in digital subscriptions and advertising. NYT's Q1 2026 saw revenue up 12% year-over-year, digital-only subscribers up 13.2%, and digital advertising revenue up 31.6%. Profitability is rising, with strong net income, cash flow, and a debt-free balance sheet; however, shares are considered expensive relative to peers.
New York state on Friday sued Kalshi in a Manhattan state court, claiming that the company is illegally operating a gambling platform. Kalshi expressed disappointment with the decision by the state, saying that New York can't shut down a federally-licensed financial exchange.
A federal judge did not immediately dismiss President Donald Trump's $15 billion defamation lawsuit against the New York Times, but will require the president to file an amended complaint in the next month, according to an order signed on Monday.
Welcome back, Connectioneers! If you're looking for help with today's puzzling NYT Connections puzzle, I'm here to offer my assistance with some extra clues and the solutions to the Yellow, Blue, Green and Purple groups.
President Donald Trump's Justice Department will ask a Manhattan federal judge on Thursday to uphold its subpoena issued to New York Times' journalists who reported on security concerns about the president flying on a Qatari-donated Air Force One.
The reporters had worked on stories about security concerns involving a jet gifted to the U.S. by the Qatari government that was being used as Air Force One.
Meta Platforms is in talks to lease computing power to Anthropic in a potential $10 billion deal, the New York Times reported on Friday, citing three people with knowledge of the discussions.
Several reporters were subpoenaed to appear before a grand jury following reporting on security concerns with the Qatari-gifted jet used as Air Force One.
The New York Times' stock has pulled back into a local correction, retreating from its year-to-date high of $87.18 to $75. The decline follows profit-taking after Berkshire Hathaway disclosed its stake in the company back in February.