The New York Times Co. Stock Surges on Strong Q2 Earnings

The New York Times Co. shares soared 15.5% following a robust second-quarter earnings report that exceeded analyst expectations. Subscription revenue grew 15.1% to $350.4 million, driven by a net addition of 220,000 subscribers. Total revenue climbed 9.7% to $685.9 million, surpassing the $669.7 million consensus.

Digital advertising revenue jumped 18.7%, while operating margins expanded 280 basis points to 19.5%. CEO Meredith Kopit Levien attributed the performance to successful execution of the company's strategy, noting growth across all major revenue lines and strong free cash FLOW generation.

Management anticipates continued momentum, forecasting third-quarter digital revenue growth of 13%-16% and total subscription revenue growth of 8%-10%. The results suggest heightened news engagement, potentially linked to political developments, is benefiting the media company's financial performance.