NYT — what changed in the latest 10-Q
A section-by-section comparison of NYT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-04 vs the prior 10-Q · 2026-08-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +18 | −18 | ~40 | 60 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | +1 | 0 | ~2 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-04
•Total revenues increased 9.7% to $768.5 million in the third quarter of 2026 from $700.8 million in the third quarter of 2025.
•Total subscription revenues increased 10.7% to $547.5 million in the third quarter of 2026 from $494.6 million in the third quarter of 2025. Digital-only subscription revenues increased 14.6% to $421.3 million in the third quarter of 2026 from $367.4 million in the third quarter of 2025. The Compan…
•Total advertising revenues increased 7.8% to $142.6 million in the third quarter of 2026 from $132.3 million in the third quarter of 2025, due to an increase in digital advertising revenues of 12.0% to $109.9 million.
•Affiliate, licensing and other revenues increased 6.2% to $78.4 million in the third quarter of 2026 from $73.9 million in the third quarter of 2025, as a result of higher licensing and Wirecutter affiliate referral revenues.
•Operating costs increased 8.5% to $646.6 million in the third quarter of 2026 from $596.0 million in the third quarter of 2025. Adjusted operating costs, defined as operating costs before depreciation, amortization, severance, multiemployer pension plan withdrawal costs and special items (a non-GAA…
Text removed vs the prior filing · source: 10-Q · 2026-08-05
In the third quarter of 2025, the Company updated its internal reporting to reflect how the Company’s President and Chief Executive Officer (who is the Company’s Chief Operating Decision Maker) manages the business, and, as a result, the Company has determined it has one reportable segment and one r…
•Total revenues increased 11.2% to $762.5 million in the second quarter of 2026 from $685.9 million in the second quarter of 2025.
•Total subscription revenues increased 11.7% to $537.9 million in the second quarter of 2026 from $481.4 million in the second quarter of 2025. Digital-only subscription revenues increased 16.4% to $407.9 million in the second quarter of 2026 from $350.4 million in the second quarter of 2025. The Co…
•Total advertising revenues increased 11.3% to $149.1 million in the second quarter of 2026 from $134.0 million in the second quarter of 2025, due to an increase in digital advertising revenues of 20.7% to $114.0 million.
•Affiliate, licensing and other revenues increased 7.1% to $75.5 million in the second quarter of 2026 from $70.5 million in the second quarter of 2025, as a result of higher Wirecutter affiliate referral revenues.
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-11-04
On November 2, 2026, we filed a lawsuit against Brave Software, Inc. (“Brave”) in the SDNY, alleging copyright infringement, violations of the Digital Millennium Copyright Act, and unjust enrichment related to Brave's unlawful and unauthorized copying and use of our journalism and other content. We …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice