New York Times Company's stock surged 11.75% during intraday trading on Wednesday, following the release of better-than-expected first-quarter 2026 financial results.

The news-and-media company reported adjusted earnings of $0.61 per share, significantly beating analyst estimates of $0.47. Revenue climbed 12% to $712.2 million, also exceeding Wall Street expectations. The strong performance was driven by substantial growth in digital subscriptions and advertising revenue.

Digital-only subscription revenue increased 16.1% year-over-year, with the company adding approximately 310,000 net digital-only subscribers during the quarter, surpassing analyst estimates. Digital advertising revenue jumped 31.6% due to strong marketer demand and growth in advertising supply. The company also provided positive guidance for the second quarter, expecting continued subscription and advertising revenue growth.