The New York Times Company (NYT) Stock

The New York Times Company (NYT) is a Communication Services stock trading at $65.31 (as of 2026-08-20), with a market capitalization of $10.69B and a trailing P/E of 28.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

The New York Times Company provides news and information through The New York Times newspaper and its international edition and operates NYTimes.com, distributing content in multiple digital formats. It also licenses articles and databases, offers advertising and digital services, and runs products such as Wirecutter while supporting live events.

Understand The New York Times Company: how it makes money

The New York Times Company publishes The New York Times in print and digital, runs NYTimes.com, syndicates and licenses its content and databases, and earns revenue from subscriptions, advertising, and affiliate, licensing, and other services.

Its profit model is driven primarily by recurring subscription revenue, especially digital, with additional support from advertising and content syndication or licensing.

Revenue by segment (latest quarter)
NYT Group	$0.6B
Athletic	$0.1B

Business quality (Mixed): The company has clear operating visibility through subscription KPIs, but the provided information offers limited detail on cost drivers and balance-sheet or cash-flow items.

Valuation: At 30× earnings, NYT trades 16% above the Printing & Publishing average (26×). Note: one-time items can distort reported P/E.

Bull case

Digital subscription growth appears to be a key momentum driver: In the latest period, net new digital subscriptions are reported at 455,000, and net new digital-only subscribers are reported at 310,000.
The business shows scale in its digital-only subscriber base: Digital-only subscribers are reported at 12,520,000, and digital subscription revenues are reported at 0.39B.
Diversification beyond core subscriptions can help stabilize results: The company reports separate revenue lines for digital advertising (0.09B) and affiliate, licensing, and other revenues (0.07B), in addition to print subscription revenues (0.13B).

Bear case

Non-digital revenue streams are smaller and may be more sensitive to ad-market and print demand swings: Print subscription revenues are 0.13B and print advertising revenues are 0.03B, which leaves less runway if print or advertising demand softens.
Advertising is a meaningful revenue contributor and can be volatile: Digital advertising revenues are reported at 0.09B, and the company also reports print advertising revenues.
The Athletic is a distinct business line that can add execution risk: The Athletic segment revenues are reported at 0.05B, which means performance pressure could concentrate if that business does not grow as expected.

Valuation — source: SEC EDGAR (first-party)
Price	$65.31
Market Cap	$10.69B
P/E Ratio	28.0
EV / EBITDA	19.2
Price / Book	5.34
Price / Sales	3.69
FCF Yield	5.1%
DCF Value (model)	$38.92
DCF Upside vs Price	-40.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$2.82B
Net Margin	12.2%
Revenue Growth (YoY)	12.0%
EPS Growth (YoY)	80.0%
FCF Growth (YoY)	-9.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	9.52 (safe)

Valuation vs Sector & Industry
Stock P/E	28.0
Sector P/E (Communication Services)	24.4
Industry P/E (Printing & Publishing)	27.7
vs Sector	14.7%
vs Industry	1.1%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Berkshire Hathaway Inc ($1.27B)
Institutional Holders Tracked	10
Congressional Trades (recent)	4

Company
Sector	Communication Services
Industry	Printing & Publishing
CEO	Meredith A. Kopit Levien
Employees	5,900
Country	US
IPO Date	1973-05-03

Related Companies (Business model: Consumer Subscription Content (Streaming, News, Audio) + Ad-Supported Digital Media / Social; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.