NEW YORK TIMES CO

Listed Company

NYTCIK 0000071691NYSELarge AcceleratedNewspapers: Publishing Or Publishing & PrintingNew YorkFY ends Dec 31

Period

FY 2025

Revenue

$2.82B

Net Income

$343.98M

Total Assets

$3.00B

Equity

$2.04B

Shares Out

—

Op. Cash Flow

$584.49M

Business

NEW YORK TIMES CO is a global media organization that creates and distributes high-quality news and information across multiple formats. It offers digital and print news products (The New York Times), mobile applications, podcasts, The Athletic, Audio, Cooking, Games, Wirecutter, advertising solutions, licensing, commercial printing and related branded services. The Company operates through core news, interest-specific product lines and related businesses including advertising sales, syndication and commercial printing. Its content is distributed worldwide via its website, mobile apps, print editions, third‑party platforms, app stores and institutional group subscriptions.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	2,825	2,586	2,426	2,308	2,075
Cost of revenue (excluding depreciation and amortization)	1,390	1,310	1,249	1,209	1,040
Sales and marketing	307	278	260	268	295
Product development	264	248	229	204	161
General and administrative	328	308	311	289	250
Depreciation and amortization	85	83	86	83	58
Generative AI Litigation Costs	13	11	0	0	—
Impairment charges	3	0	15	4	0
Multiemployer pension plan liability adjustments	3	−3	−605,000	15	0
Total operating costs	2,393	2,235	2,150	2,106	1,807
Operating profit	432	351	276	202	268
Other components of net periodic benefit (costs)/income	−19	−4	3	−7	10
Gain from joint ventures	0	0	3	0	0
Interest income and other, net	38	36	21	41	—
Income before income taxes	451	383	303	236	291
Income tax expense	107	90	70	62	71
Net income	344	294	233	174	220
Net income attributable to the noncontrolling interest	0	0	−365,000	0	0
Net income attributable to The New York Times Company common stockholders	344	294	232	174	220
Basic (in shares)	163	164	165	167	168
Diluted (in shares)	165	166	166	167	169
Basic earnings per share attributable to The New York Times Company common stockholders (in USD per share)	2.11	1.79	1.41	1.04	1.31
Diluted earnings per share attributable to The New York Times Company common stockholders (in USD per share)	2.09	1.77	1.4	1.04	1.31
Dividends declared per share (in USD per share)	0.72	0.52	0.44	0.36	0.28

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	255	199	289	221	320
Short-term marketable securities	387	366	162	126	341
Accounts receivable (net of allowances of $11,406 in 2025 and $12,118 in 2024)	291	250	242	218	233
Prepaid expenses	60	50	60	55	33
Other current assets	35	71	28	36	26
Total current assets	1,028	936	782	656	953
Long-term marketable securities	526	346	258	139	413
Property, plant and equipment, net	462	489	514	554	575
Goodwill	409	412	416	414	166
Intangible assets, net	229	258	285	317	14
Deferred income taxes	73	111	115	96	96
Right of use assets	33	32	35	58	63
Pension assets	76	71	83	70	88
Miscellaneous assets	160	185	227	231	196
Total assets	2,997	2,841	2,715	2,534	2,564
Accounts payable	136	124	117	115	127
Accrued payroll and other related liabilities	186	178	174	165	166
Unexpired subscriptions revenue	208	187	173	156	119
Accrued expenses and other	137	125	148	136	146
Total current liabilities	667	614	612	571	559
Pension and postretirement benefits obligation	211	215	239	—	—
Other	78	86	101	111	133
Total other liabilities	289	301	340	363	464
Additional paid-in capital	412	356	301	256	230
Retained earnings	2,551	2,325	2,118	1,959	1,845
Common stock held in treasury, at cost	−573	−406	−321	−276	−171
Foreign currency translation adjustments	−5	−3	910,000	−510,000	4
Funded status of benefit plans	−363	−364	−353	−349	−386
Unrealized gain on available-for-sale securities	2	830,000	−486,000	−8	−1
Total accumulated other comprehensive loss, net of income taxes	−366	−366	−353	−358	−383
Total stockholders equity	2,041	1,927	1,763	1,598	1,539
Total liabilities and stockholders equity	2,997	2,841	2,715	2,534	2,564

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	85	83	86	83	58
Amortization of right of use asset	10	9	9	10	9
Stock-based compensation expense	74	67	55	35	22
Gain from joint ventures	0	0	−2	0	0
Change in long-term retirement benefit obligations	−11	−25	−30	−29	−19
Fair market value adjustment on life insurance products	−400,000	−2	−2	1	118,000
Other net	1	−7	4	3	3
Accounts receivable net	−41	−7	−25	21	−49
Other current assets	36	2	−2	−23	−5
Accounts payable, accrued payroll and other liabilities	56	−21	−7	−111	40
Unexpired subscriptions	21	14	17	9	14
Other noncurrent assets and liabilities	4	6	10	−6	308,000
Net cash provided by operating activities	584	411	361	151	269
Purchases of marketable securities	−653	−480	−286	−7	−763
Maturities/disposals of marketable securities	452	191	142	485	593
Proceeds from/(purchases of) investments	246,000	−42,000	3	−2	20
Capital expenditures	−34	−29	−23	−37	−35
Other net	13	13	5	2	4
Net cash used in investing activities	−221	−306	−160	−74	−181
Dividends paid	−110	−83	−69	−57	−45
Payment of contingent consideration	−431,000	−3	−3	−3	−862,000
Purchase of noncontrolling interest	0	0	−356,000	0	0
Repurchases	−165	−85	−45	−105	0
Share-based compensation tax withholding	−30	−22	−15	−10	−11
Net cash used in financing activities	−306	−193	−133	−174	−55
Net increase/(decrease) in cash, cash equivalents and restricted cash	57	−88	68	−97	33
Effect of exchange rate changes on cash, cash equivalents and restricted cash	−430,000	−1	−219,000	−2	−1
Interest, net of capitalized interest	111,000	716,000	708,000	2	546,000
Income tax payments net	72	113	72	110	66

Filings

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