The New York Times Company

NYSE:NYT Stock Report

Market Cap: US$12.2b

New York Times Future Growth

Future criteria checks 2/6

New York Times is forecast to grow earnings and revenue by 11.6% and 5.8% per annum respectively. EPS is expected to grow by 12.4% per annum. Return on equity is forecast to be 22.8% in 3 years.

Key information

11.6%

Earnings growth rate

12.37%

EPS growth rate

Media earnings growth34.9%
Revenue growth rate5.8%
Future return on equity22.85%
Analyst coverage

Good

Last updated29 May 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 01

NYT: Future Earnings Power Will Rely On Digital Subscriptions And Advertising

Analysts have lifted their fair value price target for New York Times stock to $95.00 from $93.60, reflecting updated models after recent research reports cited Q1 results and refreshed assumptions for discount rates, revenue, profit margins and future P/E levels. Analyst Commentary Street research has turned more constructive on New York Times stock, with several bullish analysts revisiting their models after the Q1 report and adjusting fair value assumptions for revenue, margins and P/E levels.
Narrative Update • May 15

NYT: Higher Margin Assumptions Will Support Stronger Future Earnings Power

The analyst fair value estimate for New York Times has increased from $70.75 to $84.00. Analysts cite updated assumptions around profit margins and P/E, along with a series of recent price target increases from major research firms, as key reasons for the change.
Analysis Article • May 14

Shareholders Will Be Pleased With The Quality of New York Times' (NYSE:NYT) Earnings

Even though The New York Times Company's ( NYSE:NYT ) recent earnings release was robust, the market didn't seem to...
Seeking Alpha • May 07

The New York Times: Impressive Ad Acceleration, But Further Rerating Unlikely (Rating Upgrade)

Summary The New York Times delivered strong Q1 results with robust subscriber growth, higher ARPU, and accelerating ad revenue. NYT benefits from fading print headwinds, digital revenue growth, and demonstrated pricing power with minimal impact on retention. Cost inflation, particularly in newsroom expenses, and secular declines in willingness to pay for news remain key risks. I upgrade NYT to neutral, citing balanced bull/bear cases but cautioning on rich valuation multiples and limited market expansion. Read the full article on Seeking Alpha
Narrative Update • Apr 29

NYT: Future Earnings Power Will Rely On Digital Subscriptions And Buybacks

The analyst price target for New York Times has shifted modestly higher to $93.60 from $92.17, with analysts pointing to updated assumptions for revenue growth, profit margins, and future P/E as key drivers of the change. Analyst Commentary Recent Street research around New York Times has centered on how updated assumptions for revenue growth, profitability, and future P/E feed into valuation.
Narrative Update • Apr 15

NYT: Future Earnings Power Seen Supported By Advertising Partnership And Buybacks

Analysts have raised New York Times' fair value estimate from $81.00 to $92.17, reflecting updated views on revenue growth assumptions, profit margin expectations, and a higher future P/E multiple following a series of recent price target increases across the Street. Analyst Commentary Recent Street research has tilted constructive on New York Times, with several bullish analysts lifting price targets and aligning with a higher fair value framework.
Narrative Update • Mar 31

NYT: Future Returns Will Depend On Sustaining High P/E Amid Execution Risks

Analysts have raised their blended price target for New York Times by $17, citing modestly higher assumed revenue growth and profit margins, along with a slightly lower future P/E multiple in updated models. Analyst Commentary Recent Street research on New York Times has centered on adjustments to price targets rather than sweeping changes in ratings, with multiple firms, including JPMorgan, revisiting their assumptions.
Narrative Update • Mar 17

NYT: Elevated Revenue And Margin Assumptions Will Restrain Future Share Returns

Analysts have lifted their average price targets on The New York Times by mid single digit amounts in recent research, pointing to updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple as key drivers of the new $70.75 fair value estimate. Analyst Commentary Recent Street research has focused on how updated revenue and margin assumptions feed into a higher fair value for The New York Times, with several firms lifting price targets by low to mid single digit dollar amounts.
Narrative Update • Mar 03

NYT: Future Returns Will Depend On Maintaining Rich P/E Assumptions

Analysts have raised their fair value estimate for New York Times to $60.00 from $55.00, citing updated assumptions about revenue growth, profit margins, and future P/E that are consistent with recent price target increases from several research firms. Analyst Commentary The latest Street research around New York Times centers on a cluster of price target revisions, including updates from JPMorgan and several other firms.
Narrative Update • Feb 17

NYT: Higher Revenue Assumptions And Ad Partnership Will Shape Future Returns

The updated analyst price target for New York Times has increased to $70.75 from $66.88, as analysts incorporate slightly higher revenue growth assumptions, a modest adjustment to the discount rate, a small change in profit margin expectations, and a higher future P/E multiple. Analyst Commentary Recent Street research on New York Times points to a cluster of price target increases, with several firms revising their models at roughly the same time.
Narrative Update • Feb 03

NYT: Fair Outlook Anchored By Subscription Momentum And Buyback Activity

Narrative Update: New Analyst View on New York Times The implied fair value estimate for New York Times has moved from US$70 to US$81, as analysts factor in updated Street targets and recent research citing sustained subscriber and engagement trends, higher revenue forecasts for 2025 and 2026, and a higher future P/E framework. Analyst Commentary Bullish analysts are leaning into a more constructive view on New York Times, reflected in higher price targets and supportive commentary around the subscription model and revenue outlook.
Narrative Update • Jan 20

NYT: Future Upside Will Depend On Sustained Subscriber Monetization Execution

Narrative Update on New York Times The analyst fair value estimate for New York Times has moved from US$52.00 to US$55.00. This change is supported by analysts highlighting strong recent quarters, a long runway for subscriber and engagement growth, improved monetization, and higher revenue forecasts for 2025 and 2026.
Narrative Update • Jan 05

NYT: Visual Journalism Expansion And Subscription Durability Will Shape Future Returns

The analyst price target for New York Times has been raised from US$65.75 to US$66.88, as analysts point to recent research highlighting stronger net adds, solid financial results, and higher revenue forecasts for 2025 and 2026 as support for a slightly higher assumed future P/E multiple. Analyst Commentary Bullish analysts are tying their higher price targets to what they see as a solid blend of user growth, engagement, and revenue visibility, which they view as constructive for New York Times' valuation over the next few years.
Narrative Update • Dec 21

NYT Visual Media Push And Subscription Durability Will Shape Future Returns

Analysts have nudged their price target on New York Times higher, lifting fair value by approximately $0.75 to about $65.75 as they factor in stronger long term revenue growth and sustained subscriber momentum, reflected in raised 2025 and 2026 forecasts. Analyst Commentary Analyst commentary on New York Times remains broadly constructive, with recent target increases reflecting confidence in the company’s ability to execute on its long term growth strategy.
Narrative Update • Dec 07

NYT Visual Media Expansion And Steady Subscription Engine Will Shape Returns

Analysts raised their price target on New York Times to $69 from $60, citing a strong quarter that highlighted the company’s ability to sustain subscriber and engagement growth while improving monetization and supporting higher revenue forecasts for 2025 and 2026. Analyst Commentary Analysts interpret the higher price target as a signal that the company is executing well against its long term strategy, with recent results reinforcing confidence in both the sustainability and profitability of its digital subscription engine.
Narrative Update • Nov 22

NYT: Visual Media Expansion And AI Pressure Will Shape Subscriber Trends

The analyst price target for New York Times has increased from $63.50 to $65.00. This change reflects greater confidence among analysts in the company's continued revenue growth and improved monetization prospects.
Narrative Update • Nov 07

NYT: Digital Engagement And Visual Media Expansion Will Shape Subscriber Outlook

Analysts have raised their fair value estimate for New York Times to $63.50 from $62.25, citing improved financial performance and higher revenue forecasts as key reasons for their increased confidence. Analyst Commentary Following recent updates, analysts have shared a mix of optimistic and cautious viewpoints regarding the New York Times' outlook and valuation.
Analysis Article • Sep 16

Returns Are Gaining Momentum At New York Times (NYSE:NYT)

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
Narrative Update • Sep 04

Trusted Journalism And Digital Subscriptions Will Expand Global Reach

Analysts maintain a neutral stance on New York Times as strong digital subscription growth is offset by concerns that current valuation already prices in robust EBITDA gains and leaves little room for upside if growth slows, resulting in an unchanged consensus price target of $62.25. Analyst Commentary Core digital subscription revenue is sustaining mid-teens growth.
Analysis Article • Sep 02

If EPS Growth Is Important To You, New York Times (NYSE:NYT) Presents An Opportunity

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Jul 16

The New York Times Company's (NYSE:NYT) Intrinsic Value Is Potentially 68% Above Its Share Price

Key Insights New York Times' estimated fair value is US$91.25 based on 2 Stage Free Cash Flow to Equity New York Times...
Analysis Article • Jul 03

When Should You Buy The New York Times Company (NYSE:NYT)?

While The New York Times Company ( NYSE:NYT ) might not have the largest market cap around , it led the NYSE gainers...
Seeking Alpha • Apr 28

New York Times: Upgrading To Hold Amid Improving Valuation

Summary Shares of The New York Times Company have returned 12% since my Sell recommendation on December 14, 2023, underperforming the S&P 500's 17% return. The company has delivered solid business performance, driven by continued growth of its digital business. NYT is poised to benefit from a busy news cycle and has minimal exposure to tariffs. The stock's valuation premium relative to the broader market has significantly declined. I am upgrading the stock to Hold as I view the risk/reward as fairly balanced at current levels. Read the full article on Seeking Alpha
Seeking Alpha • Feb 09

The New York Times: This Storied Brand Is Decaying (Rating Downgrade)

Summary The New York Times faces significant risks, including declining willingness to pay for news, limited pricing power, union issues, and partisan shifts. Q4 results showed slight revenue growth but missed expectations, with weak ad performance, despite the election cycle. Despite some ARPU growth and margin improvements, the sustainability of profitability is questionable due to temporary election bumps and rising costs. At 24x FY25 P/E with only single-digit EPS growth expected, The New York Times stock is overvalued. Downgrading to a sell rating. Read the full article on Seeking Alpha
Seeking Alpha • Dec 30

New York Times: Good Times Now, But Can They Last?

Summary The New York Times has seen its share price rise ~10% this year, owing to strong digital subscriber trends. Be cautious of subscriber trends decaying after this year's election cycle bumps fade. At the same time, The New York Times faces sharp inflation in costs. It recently settled with its tech workers' union to provide an 8.25% wage increase. Given the high valuation (>25x P/E) and profitability risks, I recommend steering clear of NYT stock and investing elsewhere. Read the full article on Seeking Alpha
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New Narrative • Nov 10

Revitalised Digital Strategy And Lifestyle Focus Propel Subscription Growth And Profit Expansion

New York Times' focus on subscriber engagement and app redesign aims to boost revenue through higher ARPU and diversified revenue streams.
Seeking Alpha • Oct 16

The New York Times Company: Secular Risks Undermine Huge Valuation

Summary Shares of The New York Times have jumped in the mid-teens this year on strong subscriber trends. A portion of the current subscriber strength may fade when the election cycle ends, leading to heightened sub churn. In the longer run, I continue to view legacy media as troubled. More people turn to free news sources from social media instead of paying for true news. NYT stock already trades at a risky 27x forward P/E multiple. I'm reiterating my neutral rating and recommending locking in gains soon. Read the full article on Seeking Alpha
Seeking Alpha • Aug 04

The New York Times Remains Too Pricey To Justify A Bullish Outlook

Summary The New York Times Company has successfully adapted to the shift to online news, primarily through subscription-based services like The Athletic. Financial performance has been strong, with revenue, subscribers, and profitability all increasing year over year. Analysts expect continued growth for the company's second quarter of 2024, but shares are considered pricey compared to similar firms. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:NYT - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283,5075225706144
12/31/20273,3184875866328
12/31/20263,0984375656068
3/31/20262,874382542578N/A
12/31/20252,798344551584N/A
9/30/20252,722338537572N/A
6/30/20252,661320455490N/A
3/31/20252,601303425457N/A
12/31/20242,559294381411N/A
9/30/20242,509280368395N/A
6/30/20242,467269348374N/A
3/31/20242,433250340363N/A
12/31/20232,399232338361N/A
9/30/20232,389193264290N/A
6/30/20232,338176226254N/A
3/31/20232,302192182216N/A
12/31/20222,279174114151N/A
9/25/20222,207173106145N/A
6/26/20222,168191136175N/A
3/27/20222,111184185222N/A
12/26/20212,048220234269N/A
9/26/20211,963160272301N/A
6/27/20211,881139262290N/A
3/28/20211,786108266292N/A
12/27/20201,755100263298N/A
9/27/20201,753158233275N/A
6/28/20201,753141201244N/A
3/29/20201,786143N/A204N/A
12/29/20191,781140N/A190N/A
9/29/20191,778127N/A162N/A
6/30/20191,767136N/A143N/A
3/31/20191,748134N/A164N/A
12/30/20181,726126N/A157N/A
9/30/20181,70914N/A55N/A
7/1/20181,67921N/A65N/A
4/1/20181,67313N/A74N/A
12/31/20171,6595N/A87N/A
9/24/20171,601101N/A166N/A
6/25/20171,58469N/A163N/A
3/26/20171,55453N/A146N/A
12/25/20161,53831N/A104N/A
9/25/20161,54344N/A153N/A
6/26/20161,54753N/A150N/A
3/27/20161,55869N/A152N/A
12/27/20151,56263N/A179N/A
9/27/20151,57947N/A152N/A
6/28/20151,57725N/A138N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NYT's forecast earnings growth (11.6% per year) is above the savings rate (3.5%).

Earnings vs Market: NYT's earnings (11.6% per year) are forecast to grow slower than the US market (16.2% per year).

High Growth Earnings: NYT's earnings are forecast to grow, but not significantly.

Revenue vs Market: NYT's revenue (5.8% per year) is forecast to grow slower than the US market (11.2% per year).

High Growth Revenue: NYT's revenue (5.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NYT's Return on Equity is forecast to be high in 3 years time (22.8%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/05 04:39
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The New York Times Company is covered by 17 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Kannan VenkateshwarBarclays
Edward AtorinoBenchmark Company