Buffett's New Investment: New York Times
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
0mins
Should l Buy NYT?
Source: Yahoo Finance
- Investment Moves: Buffett's new position in the New York Times, valued at $351 million, indicates a strategic shift from tech stocks to traditional sectors, potentially altering the overall risk profile of his investment portfolio.
- Digital Subscription Growth: The New York Times added 450,000 digital subscribers in the last quarter, bringing the total to approximately 12.8 million, demonstrating significant progress in its digital transformation and potential for future revenue enhancement.
- Advertising Revenue Surprises: Digital advertising revenue surged to 25%, exceeding expectations of high teens, indicating strengthened competitiveness in the advertising market, which may support future profitability.
- Valuation Concerns: Despite generating $550 million in free cash flow, the New York Times' market cap is nearly $12 billion, resulting in a free cash flow yield of only 4.6%, raising concerns about its valuation and potentially limiting further stock price appreciation.
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Analyst Views on NYT
Wall Street analysts forecast NYT stock price to fall
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 80.180
Low
55.00
Averages
69.33
High
81.00
Current: 80.180
Low
55.00
Averages
69.33
High
81.00
About NYT
The New York Times Company is a global media company focused on creating and distributing news and information that helps its audience understand and engage with the world. Its core news product, The New York Times (The Times), is available on its mobile application, on its website (NYTimes.com) and as a printed newspaper, and associated content, such as its podcasts. Its other interest-specific products, including The Athletic (its sports media product), Audio (its audio offering available as a separate subscription through its news app), Cooking (its recipes and cooking content product) and Games (its puzzle games product), which are available on mobile applications and websites, and Wirecutter (its product review and recommendation offering). Its related businesses, such as its licensing operations, its commercial printing operations and other products and services under The Times brand. The Times’s print edition newspaper is published seven days a week in the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Buffett's New Investment: New York Times
- Investment Moves: Buffett's new position in the New York Times, valued at $351 million, indicates a strategic shift from tech stocks to traditional sectors, potentially altering the overall risk profile of his investment portfolio.
- Digital Subscription Growth: The New York Times added 450,000 digital subscribers in the last quarter, bringing the total to approximately 12.8 million, demonstrating significant progress in its digital transformation and potential for future revenue enhancement.
- Advertising Revenue Surprises: Digital advertising revenue surged to 25%, exceeding expectations of high teens, indicating strengthened competitiveness in the advertising market, which may support future profitability.
- Valuation Concerns: Despite generating $550 million in free cash flow, the New York Times' market cap is nearly $12 billion, resulting in a free cash flow yield of only 4.6%, raising concerns about its valuation and potentially limiting further stock price appreciation.
See More
The New York Times Company Q1 2026 Earnings Highlights
- Digital Subscription Growth: In Q1 2026, The New York Times reported a 16% increase in digital subscription revenue, adding 310,000 net new digital subscribers, bringing the total to over 13 million, which indicates successful progress towards the 15 million target.
- Strong Advertising Revenue: Digital advertising revenue surged by 32% to $93 million in the quarter, reflecting robust performance in advertising products and audience engagement, further solidifying the company's position in a competitive media landscape.
- Improved Profitability: Total revenues grew by 12% to approximately $517 million, with adjusted operating profit (AOP) increasing by 27% to about $118 million, and AOP margin expanding to 16.6%, demonstrating effective strategies in cost control and revenue growth.
- Optimistic Future Outlook: Management expects Q2 digital subscription revenues to rise by 14% to 17%, with advertising revenues also projected to grow in the high single digits, indicating confidence in their diversified product portfolio and pricing strategies to support sustained healthy growth.
See More
New York Times Exceeds Digital Subscriber Estimates Amid Global Tensions
- Subscriber Growth: The New York Times added 310,000 net digital-only subscribers in Q1, surpassing analysts' average estimate of 270,513, indicating a significant increase in news demand amid rapidly changing global political and economic conditions.
- Stock Price Surge: Following this news, shares of the Times rose nearly 5% in early trading, reflecting market optimism regarding its digital transformation and subscriber growth.
- Content Diversification: The company has expanded beyond core news into bundled offerings that include games, lifestyle content, and sports, further solidifying its position as a subscription-first media group.
- Traffic Boost: Heightened global tensions and shifts in U.S. policies have led to increased news consumption, driving traffic to the company's digital platforms and demonstrating strong user engagement in a rapidly evolving environment.
See More
New York Times Sued for Discrimination
- Lawsuit Background: The U.S. Equal Employment Opportunity Commission filed a lawsuit against the New York Times on Tuesday, accusing the newspaper of overlooking a white male candidate for a senior editorship in favor of a less-qualified individual to meet diversity goals.
- Allegations Details: The lawsuit claims that the New York Times' decision to promote a less qualified candidate was driven by a desire to fulfill diversity requirements, potentially resulting in unfair treatment of other qualified candidates.
- Legal Consequences: This case may lead to increased scrutiny of the New York Times, impacting its reputation and future hiring and promotion policies, particularly regarding its efforts in diversity and inclusion.
- Industry Impact: The lawsuit could spark widespread discussion within the media industry, prompting other companies to reassess their diversity policies and compliance, potentially leading to stricter hiring standards and procedures.
See More
New York Times Q1 Earnings Announcement Scheduled
- Earnings Release Date: The New York Times is set to announce its Q1 earnings on May 6 before market open, with a consensus EPS estimate of $0.47, reflecting a 14.6% year-over-year growth, indicating the company's ongoing potential for profitability improvement.
- Revenue Expectations: The anticipated revenue for Q1 is $700.25 million, representing a 10.1% year-over-year increase, which highlights the company's positive progress in digital transformation and advertising revenue, potentially enhancing its competitive position in the market.
- Historical Performance: Over the past two years, the New York Times has beaten EPS estimates 100% of the time and revenue estimates 63% of the time, providing investor confidence through consistent performance, which may drive stock price appreciation.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen two upward revisions and two downward revisions, while revenue estimates have had one upward revision with no downward adjustments, indicating market divergence regarding the company's future performance, which could influence investor decisions.
See More
Buffett Warns Investors to Be Cautious in Current Market
- Market Performance Analysis: The S&P 500 has surged 78% over the past three years, indicating a strong bull market; however, Buffett's consistent net selling of stocks for over a dozen quarters suggests a cautious stance, implying investors should avoid rushing into high valuations.
- Increased Cash Reserves: Berkshire Hathaway has built up a record pile of cash and short-term investments, allowing the company to remain flexible amid rising market uncertainties, reflecting Buffett's careful selection of future investment opportunities.
- Valuation Warning: Buffett highlighted that current market valuations are near historical highs, particularly with the S&P 500 Shiller CAPE ratio, indicating that many stocks may be overpriced, posing risks for long-term investors.
- Selective Investment Opportunities: Although Buffett hasn't heavily invested in stocks, he remains active in specific opportunities, such as increasing his stakes in The New York Times and Domino's Pizza in the fourth quarter, suggesting that reasonable investment choices still exist in the current market environment.
See More
Buffett's New Investment: New York Times
- Investment Moves: Buffett's new position in the New York Times, valued at $351 million, indicates a strategic shift from tech stocks to traditional sectors, potentially altering the overall risk profile of his investment portfolio.
- Digital Subscription Growth: The New York Times added 450,000 digital subscribers in the last quarter, bringing the total to approximately 12.8 million, demonstrating significant progress in its digital transformation and potential for future revenue enhancement.
- Advertising Revenue Surprises: Digital advertising revenue surged to 25%, exceeding expectations of high teens, indicating strengthened competitiveness in the advertising market, which may support future profitability.
- Valuation Concerns: Despite generating $550 million in free cash flow, the New York Times' market cap is nearly $12 billion, resulting in a free cash flow yield of only 4.6%, raising concerns about its valuation and potentially limiting further stock price appreciation.
See More
The New York Times Company Q1 2026 Earnings Highlights
- Digital Subscription Growth: In Q1 2026, The New York Times reported a 16% increase in digital subscription revenue, adding 310,000 net new digital subscribers, bringing the total to over 13 million, which indicates successful progress towards the 15 million target.
- Strong Advertising Revenue: Digital advertising revenue surged by 32% to $93 million in the quarter, reflecting robust performance in advertising products and audience engagement, further solidifying the company's position in a competitive media landscape.
- Improved Profitability: Total revenues grew by 12% to approximately $517 million, with adjusted operating profit (AOP) increasing by 27% to about $118 million, and AOP margin expanding to 16.6%, demonstrating effective strategies in cost control and revenue growth.
- Optimistic Future Outlook: Management expects Q2 digital subscription revenues to rise by 14% to 17%, with advertising revenues also projected to grow in the high single digits, indicating confidence in their diversified product portfolio and pricing strategies to support sustained healthy growth.
See More
New York Times Exceeds Digital Subscriber Estimates Amid Global Tensions
- Subscriber Growth: The New York Times added 310,000 net digital-only subscribers in Q1, surpassing analysts' average estimate of 270,513, indicating a significant increase in news demand amid rapidly changing global political and economic conditions.
- Stock Price Surge: Following this news, shares of the Times rose nearly 5% in early trading, reflecting market optimism regarding its digital transformation and subscriber growth.
- Content Diversification: The company has expanded beyond core news into bundled offerings that include games, lifestyle content, and sports, further solidifying its position as a subscription-first media group.
- Traffic Boost: Heightened global tensions and shifts in U.S. policies have led to increased news consumption, driving traffic to the company's digital platforms and demonstrating strong user engagement in a rapidly evolving environment.
See More
New York Times Sued for Discrimination
- Lawsuit Background: The U.S. Equal Employment Opportunity Commission filed a lawsuit against the New York Times on Tuesday, accusing the newspaper of overlooking a white male candidate for a senior editorship in favor of a less-qualified individual to meet diversity goals.
- Allegations Details: The lawsuit claims that the New York Times' decision to promote a less qualified candidate was driven by a desire to fulfill diversity requirements, potentially resulting in unfair treatment of other qualified candidates.
- Legal Consequences: This case may lead to increased scrutiny of the New York Times, impacting its reputation and future hiring and promotion policies, particularly regarding its efforts in diversity and inclusion.
- Industry Impact: The lawsuit could spark widespread discussion within the media industry, prompting other companies to reassess their diversity policies and compliance, potentially leading to stricter hiring standards and procedures.
See More
New York Times Q1 Earnings Announcement Scheduled
- Earnings Release Date: The New York Times is set to announce its Q1 earnings on May 6 before market open, with a consensus EPS estimate of $0.47, reflecting a 14.6% year-over-year growth, indicating the company's ongoing potential for profitability improvement.
- Revenue Expectations: The anticipated revenue for Q1 is $700.25 million, representing a 10.1% year-over-year increase, which highlights the company's positive progress in digital transformation and advertising revenue, potentially enhancing its competitive position in the market.
- Historical Performance: Over the past two years, the New York Times has beaten EPS estimates 100% of the time and revenue estimates 63% of the time, providing investor confidence through consistent performance, which may drive stock price appreciation.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen two upward revisions and two downward revisions, while revenue estimates have had one upward revision with no downward adjustments, indicating market divergence regarding the company's future performance, which could influence investor decisions.
See More
Buffett Warns Investors to Be Cautious in Current Market
- Market Performance Analysis: The S&P 500 has surged 78% over the past three years, indicating a strong bull market; however, Buffett's consistent net selling of stocks for over a dozen quarters suggests a cautious stance, implying investors should avoid rushing into high valuations.
- Increased Cash Reserves: Berkshire Hathaway has built up a record pile of cash and short-term investments, allowing the company to remain flexible amid rising market uncertainties, reflecting Buffett's careful selection of future investment opportunities.
- Valuation Warning: Buffett highlighted that current market valuations are near historical highs, particularly with the S&P 500 Shiller CAPE ratio, indicating that many stocks may be overpriced, posing risks for long-term investors.
- Selective Investment Opportunities: Although Buffett hasn't heavily invested in stocks, he remains active in specific opportunities, such as increasing his stakes in The New York Times and Domino's Pizza in the fourth quarter, suggesting that reasonable investment choices still exist in the current market environment.
See More
