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Links open the original SEC EDGAR filing. Covers tracked managers only.
Earnings Callsⓘ
Q2 2026August 12, 2026
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Quarterly results beat expectations, with digital subscriptions and advertising as dual engines showing strong growth. Total revenue rose 11%, and AOP grew 16%.
Digital subscription revenue rose 16.4% to $408 million, digital advertising rose 20.7% to $114 million, with 280,000 net new subscribers added, bringing the total to 13.4 million.
Business progress: Video is the strategic focus, with thousands of original videos produced each quarter and a Shows tab launched on the flagship app; The Athletic's World Cup coverage set record audience numbers; digital bundle price increases are taking effect, with ARPU up 3.1%.
Guidance: Q3 digital subscription revenue is expected to grow 12%–15%, digital advertising to see mid-to-high double-digit growth, and the full-year healthy growth outlook is maintained.
Risk: Referral traffic from major platforms continues to decline, but the company builds resilience through four key strengths.