NEW YORK TIMES CO
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
NYT$72.58+0.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations for the years ended
| Years Ended | |||
|---|---|---|---|
| (In thousands) | December 31, 2025 | December 31, 2024 | December 31, 2023 |
| Revenues | |||
| Subscription | $1,950,778 | $1,788,207 | $1,656,153 |
| Advertising | 565,993 | 506,311 | 505,206 |
| Affiliate, licensing and other | 308,147 | 291,401 | 264,793 |
| Total revenues | 2,824,918 | 2,585,919 | 2,426,152 |
| Operating costs | |||
| Cost of revenue (excluding depreciation and amortization) | 1,389,713 | 1,309,514 | 1,249,061 |
| Sales and marketing | 307,084 | 278,425 | 260,227 |
| Product development | 264,347 | 248,198 | 228,804 |
| General and administrative | 328,064 | 307,930 | 311,039 |
| Depreciation and amortization | 85,007 | 82,936 | 86,115 |
| Generative AI Litigation Costs | 13,321 | 10,800 | — |
| Impairment charges | 2,858 | — | 15,239 |
| Multiemployer pension plan liability adjustments | 2,967 | (2,980) | (605) |
| Total operating costs | 2,393,361 | 2,234,823 | 2,149,880 |
| Operating profit | 431,557 | 351,096 | 276,272 |
| Other components of net periodic benefit (costs)/income | (18,557) | (4,158) | 2,737 |
| Gain from joint ventures | — | — | 2,477 |
| Interest income and other, net | 38,256 | 36,485 | 21,102 |
| Income before income taxes | 451,256 | 383,423 | 302,588 |
| Income tax expense | 107,275 | 89,598 | 69,836 |
| Net income | 343,981 | 293,825 | 232,752 |
| Net income attributable to the noncontrolling interest | — | — | (365) |
| Net income attributable to The New York Times Company common stockholders | $343,981 | $293,825 | $232,387 |
THE NEW YORK TIMES COMPANY – P. 63
| Years Ended | |||
|---|---|---|---|
| (In thousands, except per share data) | December 31, 2025 | December 31, 2024 | December 31, 2023 |
| Average number of common shares outstanding: | |||
| Basic | 163,157 | 164,425 | 164,721 |
| Diluted | 164,943 | 165,802 | 165,663 |
| Basic earnings per share attributable to The New York Times Company common stockholders | $2.11 | $1.79 | $1.41 |
| Diluted earnings per share attributable to The New York Times Company common stockholders | $2.09 | $1.77 | $1.40 |
| Dividends declared per share | $0.72 | $0.52 | $0.44 |
P. 64 – THE NEW YORK TIMES COMPANY
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