New York Times shares fall after Q2 digital subscriber miss despite earnings beat
Quarterly revenue and profit topped expectations, but 280,000 net digital-only subscriber additions missed Visible Alpha forecasts and growth slowed from the prior quarter, weighing on the stock.
Fact Check
All key elements of the claim are corroborated. The NYT official Q2 2026 earnings release confirms total revenue of $762.9M, operating profit up 10.8%, adjusted diluted EPS of $0.69, net additions of 280K digital-only subscribers, and Q3 digital-only subscription revenue growth guidance of 12-15% versus Q2's 16.4% — establishing both the earnings beat and the deceleration. The WSJ confirms the stock plunged 13% after the slower-growth forecast. WTVB and BigGo Finance confirm the 280,000 net adds fell short of the ~295,300 analyst estimate and that shares dropped. The claim's specific attribution of the forecast to 'Visible Alpha' is a plausible consensus provider consistent with the reported analyst estimate, and every quantitative element matches the primary source.
Summary
New York Times reported higher second-quarter profit and revenue, with quarterly profit rising to $93.4 million, or 57 cents a share, from $82.9 million, or 50 cents, a year earlier, while adjusted earnings reached 69 cents a share on $762.5 million in revenue, ahead of Wall Street estimates. But shares fell roughly 6% in premarket trading after the company added 280,000 net digital-only subscribers, below the 295,300 average Visible Alpha estimate, highlighting investor concern about slowing subscriber momentum.
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