By Connor Hart

The New York Times Company reported higher profit and revenue in the first quarter, as it continued to grow both its digital subscriber base and its advertising business.

The news-and-media company on Wednesday posted a profit of $87.9 million, or 54 cents a share, up from $49.6 million, or 30 cents a share, a year earlier.

Stripping out certain one-time items, earnings were 61 cents a share, Analysts surveyed by FactSet expected adjusted earnings of 47 cents a share.

Revenue climbed 12% to $712.2 million, topping Wall Street models for $699.9 million.

Total subscription revenue was up 11% to $516.9 million, as higher revenue from digital-only products offset lower domestic home-delivery and single-copy revenue.

Total advertising revenue jumped 17% to $126.8 million, which the company attributed primarily to strong marketer demand and growth in advertising supply.

The company said it added about 310,000 net digital-only subscribers sequentially, bringing its total number of digital-only subscribers to about 12.5 million. The company ended the quarter with roughly 13.1 million total subscribers.

For the second quarter, New York Times guided for total subscription revenue to increase 10% to 12% from the previous year and for total advertising revenue to rise in the high single-digit percent range.

Shares climbed 3.3%, to $79.77, in premarket trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

May 06, 2026 07:26 ET (11:26 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.