•
Mar 31
NYT Q1 2025 Earnings Report
The New York Times Company reported strong digital growth in Q1 2025, with increased digital-only subscriptions and advertising revenue driving higher profitability.
Key Takeaways
The New York Times Company delivered a solid Q1 2025, led by 14.4% growth in digital-only subscription revenue and 12.4% growth in digital advertising revenue, with improved operating profit and net income.
Digital-only subscription revenue rose 14.4% to $335 million.
Digital advertising revenue increased 12.4% to $70.9 million.
Net income grew 22.6% to $49.6 million.
Adjusted operating profit rose 21.9% to $92.7 million.
NYT
NYT
NYT Revenue by Segment
NYT Revenue by Geographic Location
Forward Guidance
The company expects continued growth in digital subscriptions and revenue, with adjusted operating costs also increasing moderately.
Positive Outlook
- Digital-only subscription revenues expected to grow 13-16%.
- Total subscription revenues expected to grow 8-10%.
- Digital advertising revenues expected to grow at high single digits.
- Affiliate, licensing and other revenues expected to grow mid-single digits.
- Interest income and strong cash position projected to remain healthy.
Challenges Ahead
- Adjusted operating costs expected to increase 5-6%.
- Flat to low-single-digit growth expected in total advertising revenues.
- No improvement expected in print advertising trends.
- Continued costs related to Generative AI litigation anticipated.
- Capital expenditures expected to rise to approximately $40 million in 2025.