Post-earnings recap
Reported
Wed, May 6, 2026
EPS actual
$0.61
EPS est.
$0.49
EPS surprise
+25.51%
1-day move
+8.31%
The New York Times Company reported stronger-than-expected earnings per share, which led to a significant stock price increase of 8.31%. The positive EPS surprise suggests that the company is managing its costs effectively or generating more revenue per share than anticipated. However, the lack of revenue data and guidance leaves some uncertainty about future performance.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.61 | $0.47 | +25.51% |
| Revenue | — | $700M | — |
No transcript is on record, and the analysis is based on numerical results only.
The New York Times Company (NYT) is a leading media organization known for its journalism and digital subscriptions. Operating in the Communication Services sector, it plays a significant role in the publishing industry, focusing on delivering news and information to a global audience. As consumer preferences shift towards digital content, the company's ability to adapt and grow its subscriber base is crucial.
Last quarter
In Q4-2025, NYT reported an EPS of $0.89, slightly beating expectations. However, the stock fell 6.34% the following day, indicating market concerns despite the earnings beat.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+11.43%
Avg 1-day reaction
-1.97%
Analysts expect NYT to report solid earnings this quarter, with a consensus EPS of $0.47. The market is closely watching subscriber growth and revenue trends.
Bull case
If NYT exceeds EPS expectations and shows strong subscriber growth, it could signal a robust digital strategy, leading to positive market sentiment.
Bear case
Conversely, if the company fails to meet revenue expectations or shows signs of subscriber churn, it could raise concerns about its long-term growth prospects.
Key metrics to watch
EPS
$0.47Earnings per share is a key indicator of the company's profitability and financial health.
Revenue
$700MTotal revenue reflects the company's ability to generate income from its subscriptions and advertising.
The print will turn on these.
Q1
Will subscriber growth exceed expectations this quarter?
Subscriber growth is critical for NYT's revenue model, and exceeding expectations could indicate strong demand for digital content.
Q2
How does management plan to address any potential subscriber churn?
Addressing churn is vital for maintaining revenue stability, and any clear strategy could reassure investors about future growth.
—
Est. EPS
$0.01
Est. Rev
$918M
Impl. Move
±9.1%
Why consensus could be wrong
The consensus may underestimate the potential for subscriber growth as NYT expands its digital offerings, which could lead to stronger than expected revenue.
Supporting evidence
The company has consistently beaten EPS estimates in recent quarters, indicating strong operational performance.
Options pricing suggests a higher volatility expectation, which may reflect investor uncertainty not captured in consensus estimates.
Key risk
If subscriber growth significantly exceeds expectations, it could challenge the current market outlook.
Pre-commit to what would confirm each case.
This quarter's performance hinges on subscriber metrics and revenue growth, which are crucial for sustaining investor confidence.
Bull confirmed if
Exceeding EPS of $0.50 and showing strong subscriber growth would confirm the bull case.
Bear confirmed if
Falling below the consensus revenue of $700M could confirm the bear case.
What the market is pricing for the move.
Implied Move
±8.02%
Historical Avg
±7.9%
The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings report.
Options are pricing ±9.1% while NYT has averaged ±7.9% over the last 8 prints — setup is pricing rich.
ATM IV
0.6%
30d HV
26.4%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Communication Services
Fade rate: 7 of 23 (30%)
This setup has occurred 30 times across Communication Services in the last 2 years. 16 of 23 (70%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.2%, with a raw directional average of +0.3% (modestly positive historical bias).
Smart-money positioning from the most recent 13F filings.
Institutional
95.76%
of float
Insider
11.29%
of float
Holders
829
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
15,741,591 sh · $1.0B
9.81%
4.0%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If NYT beats expectations, history suggests a potential stock increase of around 0.33% on the first day, confirming a positive outlook.
In line / cautious
If results are in line with expectations but management's commentary is cautious, the stock may experience muted movement as investors reassess growth prospects.
Miss
If NYT misses on EPS or revenue, history suggests a potential decline of about 0.51%, reflecting negative sentiment.
The lines on the call that would change the story.
Berkshire Hathaway, Inc
15,700,000 sh · $1.0B
9.78%
3.6%
AQR Capital Management, LLC
9,053,710 sh · $587.6M
5.64%
10.7%
Linonia Partnership LP
9,034,044 sh · $586.3M
5.63%
Flat
T. Rowe Price Investment Management, Inc.
8,054,186 sh · $522.7M
5.02%
-14.0%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.