Equity Profile

NYT

The New York Times Company

Communication ServicesPublishing$12.4B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

The New York Times Company (NYT) is a leading media organization known for its journalism and digital content. As part of the Communication Services sector, it plays a significant role in shaping public discourse and adapting to trends in digital media consumption.

Key Metrics to Watch

Subscriber Growth

Subscriber growth is crucial as it reflects the company's ability to attract and retain readers in a competitive digital landscape.

N/A

Advertising Revenue

Advertising revenue is a key driver of profitability, and any changes can indicate shifts in market demand and economic conditions.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

NYT Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+12.80%

Avg Stock Reaction

+0.13%

Last Quarter Recap

In Q1-2026, The New York Times Company reported an earnings per share (EPS) of $0.61, exceeding expectations by 25.51%. The stock reacted positively, gaining 8.31% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as the company has consistently beaten EPS estimates in the past, but there are concerns about revenue growth in a challenging advertising environment.

Bull Case

The optimistic view hinges on strong subscriber growth and digital revenue, which could lead to higher advertising rates and overall profitability.

Bear Case

On the downside, if advertising revenue declines or subscriber growth stagnates, it could signal deeper issues in the company's business model.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current subscriber growth rate compared to last quarter?

Subscriber growth is a key indicator of the company's ability to maintain its audience and drive future revenue.

How has advertising revenue changed in the last quarter?

Changes in advertising revenue will provide insight into the company's financial health and market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for digital revenue growth, especially if subscriber acquisition strategies are more effective than anticipated.

Supporting Evidence

The company has consistently beaten EPS estimates, suggesting stronger operational performance than expected.

Options pricing indicates a significant move, which may reflect investor uncertainty about the company's growth trajectory.

Key Risk

If subscriber growth exceeds 5%, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around the sustainability of subscriber growth and the impact of advertising revenue on overall profitability.

Bull Confirmed If

Subscriber growth of 5% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A decline in advertising revenue of more than 10% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±15.92%

Historical Avg

±6.7%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±15.8% while NYT has averaged ±6.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

33.5%

Calls (783K)P/C Ratio: 0.21Puts (1K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NYT beats expectations, history suggests the stock could rise by around 0.13% on the first day, confirming confidence in its growth strategy.

In-Line / Cautious

If results are in line but management expresses caution, the stock may see limited movement as investors digest the commentary.

Miss

A miss could lead to a decline similar to past reactions, with an average drop of around 0.24% on the first day.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new subscriber acquisition strategies.
2Insights into advertising revenue trends and client demand.
3Management's outlook on digital content monetization.
4Comments on competitive pressures in the media landscape.
5Updates on cost management and operational efficiencies.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Subscriber Growth

Subscriber growth is crucial as it reflects the company's ability to attract and retain readers in a competitive digital landscape.

N/A

Advertising Revenue

Advertising revenue is a key driver of profitability, and any changes can indicate shifts in market demand and economic conditions.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

NYT Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+12.80%

Avg Stock Reaction

+0.13%

Last Quarter Recap

In Q1-2026, The New York Times Company reported an earnings per share (EPS) of $0.61, exceeding expectations by 25.51%. The stock reacted positively, gaining 8.31% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as the company has consistently beaten EPS estimates in the past, but there are concerns about revenue growth in a challenging advertising environment.

Bull Case

The optimistic view hinges on strong subscriber growth and digital revenue, which could lead to higher advertising rates and overall profitability.

Bear Case

On the downside, if advertising revenue declines or subscriber growth stagnates, it could signal deeper issues in the company's business model.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current subscriber growth rate compared to last quarter?

Subscriber growth is a key indicator of the company's ability to maintain its audience and drive future revenue.

How has advertising revenue changed in the last quarter?

Changes in advertising revenue will provide insight into the company's financial health and market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for digital revenue growth, especially if subscriber acquisition strategies are more effective than anticipated.

Supporting Evidence

The company has consistently beaten EPS estimates, suggesting stronger operational performance than expected.

Options pricing indicates a significant move, which may reflect investor uncertainty about the company's growth trajectory.

Key Risk

If subscriber growth exceeds 5%, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around the sustainability of subscriber growth and the impact of advertising revenue on overall profitability.

Bull Confirmed If

Subscriber growth of 5% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A decline in advertising revenue of more than 10% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±15.92%

Historical Avg

±6.7%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±15.8% while NYT has averaged ±6.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

33.5%

Calls (783K)P/C Ratio: 0.21Puts (1K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NYT beats expectations, history suggests the stock could rise by around 0.13% on the first day, confirming confidence in its growth strategy.

In-Line / Cautious

If results are in line but management expresses caution, the stock may see limited movement as investors digest the commentary.

Miss

A miss could lead to a decline similar to past reactions, with an average drop of around 0.24% on the first day.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new subscriber acquisition strategies.
2Insights into advertising revenue trends and client demand.
3Management's outlook on digital content monetization.
4Comments on competitive pressures in the media landscape.
5Updates on cost management and operational efficiencies.