The New York Times Company (NYSE: NYT) reported fourth-quarter earnings and revenue that exceeded analyst expectations, but weaker-than-anticipated first-quarter guidance weighed on investor sentiment, sending shares down more than 7% in premarket trading.

The company posted adjusted earnings per share of $0.89, topping the consensus estimate of $0.86. Revenue rose 10.4% year over year to $802.3 million, surpassing analyst expectations of $785.68 million.

Digital subscription revenue increased 13.9% to $381.5 million, driven by the addition of approximately 450,000 net digital-only subscribers during the quarter. Total subscribers reached 12.78 million. Digital advertising revenue surged 24.9% to $147.2 million, supported by strong marketer demand and expanded ad inventory.

Operating profit rose 10.2% to $161.6 million, while adjusted operating profit increased 12.8% to $192.3 million. Adjusted operating margin expanded to 24.0%, up roughly 50 basis points from a year earlier.

Looking ahead, the company forecast first-quarter 2026 digital-only subscription revenue growth of 14% to 17% and total subscription revenue growth of 9% to 11%. Digital advertising revenue is expected to grow in the high-teens to low-twenties percentage range.