New York Times | 10-Q: FY2025 Q2 Revenue: USD 685.87 M

Revenue: As of FY2025 Q2, the actual value is USD 685.87 M.

EPS: As of FY2025 Q2, the actual value is USD 0.5.

EBIT: As of FY2025 Q2, the actual value is USD 111.66 M.

The New York Times Group (NYTG)

• Revenues: Increased 8.1% in Q2 2025 to $632.4 million from $585.2 million in Q2 2024. Subscription revenues increased 9.0% to $446.8 million, and advertising revenues increased 7.0% to $119.9 million. Affiliate, licensing, and other revenues increased 4.2% to $65.7 million.
  
• Adjusted Operating Costs: Increased 5.5% in Q2 2025 to $504.4 million from $478.1 million in Q2 2024.
  
• Adjusted Operating Profit: Increased 19.5% in Q2 2025 to $128.0 million from $107.1 million in Q2 2024.
  

The Athletic

• Revenues: Increased 33.4% in Q2 2025 to $54.0 million from $40.5 million in Q2 2024. Subscription revenues increased 18.1% to $34.6 million, and advertising revenues increased 98.8% to $14.1 million.
  
• Adjusted Operating Costs: Increased 12.5% in Q2 2025 to $48.3 million from $42.9 million in Q2 2024.
  
• Adjusted Operating Profit: Increased $8.2 million in Q2 2025 to $5.8 million from a loss of $2.4 million in Q2 2024.
  

Cash Flow

• Net Cash Provided by Operating Activities: Increased to $212.7 million in the first six months of 2025 from $133.3 million in the same period of 2024.
  
• Free Cash Flow: Increased to $193.2 million in the first six months of 2025 from $119.3 million in the same period of 2024.
  

Future Outlook and Strategy

• Core Business Focus: The company aims to grow its digital subscriber base and increase digital advertising revenues. It plans to continue investing in high-quality journalism and digital product development to enhance user engagement and subscription growth.
  
• Non-Core Business: The company is focusing on expanding The Athletic’s revenue streams through increased advertising and subscription revenues, leveraging its integration into the broader New York Times bundle.