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New York Times (NYT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
New York Times (NYT) reported revenue of $802M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +14% from the quarter before. Operating margin was 20.1%, net earnings $130M (16.2% of revenue).
New York Times, Q4 2025: revenue $802M (+10% year over year), operating margin 20.1%, net earnings $130M, operating cash flow $164M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $802M | +14% | +10% |
| Operating profit | $162M | +54% | +10% |
| Net earnings | $130M | +59% | +5% |
| Operating cash flow | $164M | -21% | +8% |
| Free cash flow | $158M | -21% | +10% |
What changed
Revenue was $802.3M in Q4 2025, up 10% year over year and up 14% from the previous quarter. Subscription was the largest line at 64% of revenue.
Operating profit was $161.6M, a 20.1% margin (unchanged year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, below the 20% margin then. Total costs grew 10% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $129.8M, up 5% year over year. The effective tax rate was 22.5%.
Operating cash flow was $164.2M (up 8% year over year), 126% of net earnings. Non-cash charges added back $20.9M of depreciation and amortization and $20.5M of share-based compensation. Capital expenditures of $6.5M left free cash flow of $157.6M.
Questions
What was New York Times' revenue in the fourth quarter 2025?
New York Times (NYT) reported revenue of $802M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +14% from the quarter before.
Was New York Times profitable in the fourth quarter 2025?
Operating profit was $162M (20.1% of revenue) and net earnings $130M.
Source: New York Times 10-K on SEC EDGAR.