Overview

* NYT Q3 adjusted EPS beats estimates, driven by strong digital subscription growth

* Adjusted operating profit for Q3 up 26.1%, exceeds analyst expectations

* Company repurchased 482,833 shares for $27.3 mln, indicating financial confidence

Outlook

* Company did not provide specific guidance for future quarters

Result Drivers

* DIGITAL SUBSCRIPTIONS - Co added about 460,000 net digital-only subscribers, driving a 14% increase in digital subscription revenues

* ADVERTISING REVENUE - Digital advertising revenues rose 20.3% due to strong marketer demand and new advertising supply

* OPERATING PROFIT - Operating profit rose 36.6% year-over-year, attributed to strategic pricing and effective cost management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $0.59 $0.53 (5

Adjusted Analysts

EPS )

Q3 EPS $0.50

Q3 Beat $131.40 $110.35

Adjusted mln mln (4

Operatin Analysts

g Profit )

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the consumer publishing peer group is "buy"

* Wall Street's median 12-month price target for New York Times Co ( NYT ) is $56.21, about 2.7% below its November 4 closing price of $57.75

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 23 three months ago

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)