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New York Times (NYT) guidance and outlook
New York Times (NYT) lowered its guidance on Nov 4, 2026: Operating expenses +6% to +8% for FY2026; Depreciation & amortization $85.0M for FY2026; Capital expenditures $35.0M–$40.0M for FY2026. New York Times' 10-Q filed Nov 4, 2026 makes 6 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | +12% to +15% | new |
| Operating expenses | FY2026 | +6% to +8% | lowered |
| Depreciation & amortization | FY2026 | $85.0M | reaffirmed |
| Capital expenditures | FY2026 | $35.0M–$40.0M | lowered |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- The newspaper industry has transitioned from being primarily print-focused to digital and is experiencing secular declines in both print subscription and print advertising revenues, and we do not expect this trend to reverse.
- In addition, management excludes severance costs, which may fluctuate significantly from quarter to quarter, because it believes these costs do not necessarily reflect expected future operating costs and do not contribute to a meaningful comparison of the Company’s operating results to historical performance.
- We currently expect to continue to pay cash dividends in the future, although changes in our dividend program will be considered by our Board of Directors in light of our earnings, capital requirements, financial condition and other factors considered relevant.
- We expect to repurchase shares to offset the impact of dilution from our equity compensation program and to return capital to our stockholders.
- The Company does not expect the majority of these cash flow benefits to recur beyond fiscal 2026.
- In addition, management uses free cash flow to set targets for return of capital to stockholders in the form of dividends and share repurchases.
New York Times' latest quarter
New York Times, Q3 2026: revenue $769M (+10% year over year), operating margin 15.9%, net earnings $97.4M, operating cash flow $176M. The chart follows the revenue to costs, profit and cash.
Questions
Did New York Times raise or lower its guidance?
New York Times (NYT) lowered its guidance on Nov 4, 2026: Operating expenses +6% to +8% for FY2026; Depreciation & amortization $85.0M for FY2026; Capital expenditures $35.0M–$40.0M for FY2026.
What does New York Times expect?
The newspaper industry has transitioned from being primarily print-focused to digital and is experiencing secular declines in both print subscription and print advertising revenues, and we do not expect this trend to reverse. In addition, management excludes severance costs, which may fluctuate significantly from quarter to quarter, because it believes these costs do not necessarily reflect expected future operating costs and do not contribute to a meaningful comparison of the Company’s operating results to historical performance. We currently expect to continue to pay cash dividends in the fu
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.