New York Times Company (NYSE: NYT) stock plummeted 16.08% during intraday trading on Wednesday, marking a significant decline following the release of its fourth-quarter 2025 financial results.

The sharp sell-off appears to have been triggered by initial confusion over the company's earnings report, with conflicting revenue figures creating uncertainty among investors. Some financial data initially indicated Q4 revenue of $147.2 million, dramatically below estimates of $791.3 million, before corrected reports showed actual revenue of $802.3 million that exceeded expectations. Despite reporting higher quarterly profit that beat analyst estimates, investors also focused on rising costs, including $3 million in generative AI litigation expenses and increased sales and marketing expenditures.