Friday 6 November 2026 Export NYT’s income statement to Excel — free account

The New York Times Company

The New York Times Company’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 9.24% from fiscal 2024.

Revenue: +9.66%
EPS: +20.7%
Free cash flow: −14.8%

Quarter to September 2026, against a year earlier

65.17 1.33 −2.00%

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Market cap: $10.6B
P/E: 25.8×
Fwd P/E: 27.1×
Dividend yield: 1.33%
F-score: 9/9
Altman Z: 9.86
Beneish M: −2.74
Dividend safety: 86/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

The New York Times Company (NYT) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Reportable Segment	2,825	100.00%
Gross margin		50.81%
Operating margin		15.28%
Pre-tax margin		15.97%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Subscription	1,951 69.06%	1,788 69.15%	1,656 68.26%	1,552 67.25%	1,362 65.65%	1,195 67.02%	1,084 59.81%	1,043 59.62%
Advertising	566 20.04%	506 19.58%	505 20.82%	523 22.67%	498 23.98%	392 22.00%	531 29.28%	558 31.93%
Affiliate, licensing and other	308 10.91%	291 11.27%	265 10.91%	233 10.08%	215 10.37%	196 10.98%	198 10.91%	148 8.45%
Revenue	2,825	2,586	2,426	2,308	2,075	1,784	1,812	1,749

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2012	FY2010	FY2009
Reportable Segment	2,825 100.00%	2,586 100.00%	2,426 100.00%	—	—	—	—	—
NYTG	—	—	—	2,224 96.33%	2,075 100.00%	1,595 100.00%	1,557 78.60%	1,582 64.82%
The Athletic	—	—	—	85 3.67%	0 0.00%	—	—	—
New England Media Group	—	—	—	—	—	395 24.74%	424 21.40%	441 18.05%
Regional Media Group	—	—	—	—	—	—	—	297 12.17%
About Group	—	—	—	—	—	—	—	121 4.96%
Eliminations	—	—	—	—	—	(395) (24.74%)	—	—
News Media Group	—	—	—	—	—	—	—	2,319
Revenue	2,825	2,586	2,426	2,308	2,075	1,595	1,981	2,440

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2012	FY2010	FY2009
News Media Group	‡	‡	‡	‡	‡	‡	‡	‡
About Group	‡	‡	‡	‡	‡	‡	‡	‡
Unallocated Amount to Segment [Member] (Deprecated 2013-01-31)	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
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Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Bundle and multiproduct ARPU	Q4 FY2025	$12.92	$12.53	+3.11%
Bundle and multiproduct subscribers	Q4 FY2025	6.5M	5.4M	+19.12%
Digital-only subscribers quarterly net additions	Q3 FY2026	420.0K	460.0K	−8.70%
News-only ARPU	Q4 FY2025	$13.33	$11.95	+11.55%
News-only subscribers	Q4 FY2025	1.5M	1.9M	−23.83%
Other single-product ARPU	Q4 FY2025	$3.36	$3.58	−6.15%
Other single-product subscribers	Q4 FY2025	4.3M	3.5M	+23.77%
Print subscribers	Q3 FY2026	540.0K	570.0K	−5.26%
Remaining performance obligations	Q3 FY2026	$144.0M	$139.0M	+3.60%
Total digital-only ARPU	Q3 FY2026	$9.93	$9.79	+1.43%
Total digital-only subscribers	Q3 FY2026	13.2M	11.8M	+12.41%
Total subscribers	Q3 FY2026	13.8M	12.3M	+11.60%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q3 FY2018	Q2 FY2018	Q1 FY2018
Bundle and multiproduct ARPU	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Bundle and multiproduct subscribers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Digital-only subscribers quarterly net additions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
News-only ARPU	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
News-only subscribers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other single-product ARPU	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other single-product subscribers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Print subscribers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total digital-only ARPU	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total digital-only subscribers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total subscribers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.