New York Times Co (NYSE: NYT) experienced a sharp pre-market decline of 6.52% on Wednesday, as conflicting reports about its fourth-quarter 2025 financial results created uncertainty among investors.

The volatility followed the release of the company's earnings, which initially showed a significant discrepancy in reported revenue figures. Some financial reports indicated Q4 revenue of $147.2 million, dramatically below the IBES estimate of $791.3 million, while corrected reports later showed revenue of $802.3 million, actually exceeding expectations.

This confusion over the earnings data appears to have triggered the sell-off in pre-market trading, as investors reacted to what initially appeared to be a substantial revenue miss before clarifications were issued.