| Stage | NWSA | % of rev | NYT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.3B | 100.00% | $769M | 100.00% | NWSA ×2.97 |
| Gross profit | $2.3B | 100.00% | $395M | 51.41% | NWSA +48.6pp |
| Operating income | $257M | 11.27% | $122M | 15.87% | NYT +4.6pp |
| Pre-tax income | $296M | 12.98% | $130M | 16.90% | NYT +3.9pp |
| Net income | $215M | 9.43% | $97M | 12.67% | NYT +3.2pp |
| Stage | NWSA | NYT | Gap · A − B |
|---|---|---|---|
| Revenue | $2.3B100.00% | $769M100.00% | NWSA ×2.97 |
| Gross profit | 100.00%$2.3B | 51.41%$395M | NWSA +48.6pp |
| Operating income | 11.27%$257M | 15.87%$122M | NYT +4.6pp |
| Pre-tax income | 12.98%$296M | 16.90%$130M | NYT +3.9pp |
| Net income |
| 9.43%$215M |
| 12.67%$97M |
| NYT +3.2pp |
NWSA 10-KAug 7 '26
“HarperCollins derives its revenue from the sale and licensing of print and digital books to a customer base that includes global technology companies, traditional brick and mortar booksellers, wholesale clubs and discount stores, including Amazon, Apple, Barnes & Noble and Tesco, as well as from third-party distribution services.”
NYT 10-KFeb 27 '26
“For example, some of our subscribers choose to subscribe to our products through apps on operating systems run by Apple and Alphabet.”