New York Times(US:NYT) Jing Ji Guan Cha Wang·2026-02-11 22:44Core Insights - The New York Times Company reported better-than-expected earnings for Q4 2025, with earnings per share at $0.89 and revenue at $802.3 million, but the stock price fell significantly post-announcement, dropping 9.32% in pre-market trading and closing down 6.34% at $67.63 [2] Financial Performance - Q4 2025 results showed a revenue of $802.3 million and earnings per share of $0.89, exceeding market expectations [2] - Following the earnings report, trading volume surged to $614 million, a 70.67% increase from the previous day, with 9.4291 million shares traded, indicating heightened market interest [2] Strategic Outlook - For 2026, management anticipates continued growth in subscription users, revenue, and adjusted operating profit, with a revenue target of $3 billion and an expected earnings per share of $2.65 [3] - The company is focusing on expanding its video news business and increasing product development investments to adapt to competition in digital media and changing consumer habits [3] Industry Environment - Competitor dynamics reveal that The Washington Post announced a layoff of approximately 30% of its workforce and the closure of its sports department, highlighting the profitability pressures and technological disruptions faced by traditional media [4] - Legal and policy risks include ongoing legal disputes with the U.S. government, which may impact the company's news gathering capabilities and operational costs [4] Future Developments - The first quarter 2026 earnings report is expected in early April, with investors advised to monitor subscription growth and cost control progress [5] - Long-term challenges include tracking the momentum of digital subscription growth (with a net increase of 1.4 million users in 2025), the impact of economic uncertainty on advertising revenue, and the effects of AI technology on content distribution models [5]