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News Corporation

NWS Communication Services Entertainment

News Corporation’s revenue for fiscal 2026 (year ended June 2026) was $9.0 billion, up 6.81% from fiscal 2025.

Revenue
+6.39%
EPS
+45.0%
Free cash flow
+160.0%
Total debt
+2.86%

Quarter to September 2026, against a year earlier

29.15 4.24 −12.70%
Market cap
$14.8B
P/E
26.0×
Fwd P/E
—
Dividend yield
0.69%
F-score
6/9
Altman Z
2.41
Beneish M
−2.53
Dividend safety
86/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2026

  • Circulation and subscription
  • Consumer
  • Real estate
  • Advertising
  • Other

Every year since 2012 →

Insider Decisions last twelve months

Sold, $m 3.19
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 5 — — —
Insider Ownership 80.25%

Capital & Financial Ratios $m

Size
Market Cap 14,770.00
Revenue ttm 9,165.00
Net income ttm 808.00
Free cash flow ttm 1,165.00
Net debt Q 235.00
Valuation
P/E 26.03
Forward P/E —
Price / sales 1.72
Forward P/S Powerpack
Price / FCF 21.34
Price / book 1.71
Financial health
Current ratio Q 1.62 (at or above 1.5: strong)
Debt / equity Q 0.22 (at or below 0.5: strong)
Interest coverage Q (101.00)
Growth
Revenue growth Q +6.39% (above 0%: growing)
Operating income growth Q +46.04% (above 0%: growing)
EPS, this year +14.10%
EPS, next year A +15.69% (at or above 15%: strong)
Revenue, next year A —
EPS, past 5 yrs +12.96%
EPS, next 5 yrs A +14.97%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.7×, against a ten-year median of 1.1×; over the ten years it ranged from 0.5× in 2020 to 2.5× in 2024.
P/E against its own 10 years 31.25%
10-year low 10-year high
P/S against its own 10 years 73.67%
10-year low 10-year high
P/B against its own 10 years 79.06%
10-year low 10-year high
EV/Sales against its own 10 years 73.19%
10-year low 10-year high
EV/FCF against its own 10 years 62.49%
10-year low 10-year high

Dividends

Yield
0.69%
Annual rate
0.20
Payout ratio
17.9%
Growth, 2018–26
0.00%/yr
  1. 0.20 ’18
  2. 0.20 ’19 +0
  3. 0.20 ’20 +0
  4. 0.20 ’21 +0
  5. 0.20 ’22 +0
  6. 0.20 ’23 +0
  7. 0.20 ’24 +0
  8. 0.20 ’25 +0
  9. 0.20 ’26 +0
paid change on the year, %

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1,872 2,403 2,095 1,777
Receivables 1,420 1,562 1,757 1,863
Inventory 266 327 302 332
Other 814 519 328 321
4,372 4,811 4,482 4,293
2024 2025 2026 Q'26
Payables 254 335 412 434
ST’ Debt 9 25 — 3
Other 1,323 714 726 722
3,055 2,608 2,761 2,646

Compound Annual Growth %

10y 5y 3y
Sales 0.85% (0.72%) 4.06%
Cash Flow 3.49% 0.00% 16.77%
Earnings 12.47% 11.67% 56.67%
Book Value (2.42%) 0.20% 1.07%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 0.27 Actual 0.28

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 0.25 0.40 Beat by 0.15
Q3 FY26 0.14 0.21 Beat by 0.07
Q4 FY26 0.15 0.35 Beat by 0.20
Q1 FY27 0.27 0.28 Beat by 0.01
Q2 FY27 0.45 — Reports 4 February 2027

EPS $

Sep Dec Mar Jun Year
’26 0.29 — — — —
’26 0.20 0.34 0.16 0.33 1.03
’25 0.21 0.38 0.18 1.31 2.07
’24 0.05 0.27 0.05 0.09 0.46
’23 0.07 0.12 0.09 (0.01) 0.26
’22 0.33 0.40 0.14 0.19 1.05
’21 0.06 0.39 0.13 (0.02) 0.56
Fiscal quarters ending in the months shown.

Revenue $m

Sep Dec Mar Jun Year
’26 2,281 — — — —
’26 2,144 2,362 2,185 2,337 9,028
’25 2,096 2,238 2,009 2,109 8,452
’24 2,499 2,135 1,994 1,624 8,252
’23 2,478 2,521 2,447 566 8,012
’22 2,502 2,717 2,492 2,674 10,385
’21 2,117 2,414 2,335 2,492 9,358
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 13 — — — —
’26 85 231 499 422 1,237
’25 26 252 511 189 978
’24 (55) 306 470 176 897
’23 (31) 192 509 107 777
’22 68 362 600 324 1,354
’21 155 328 577 177 1,237
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 13 — — — —
’26 5 132 399 275 811
’25 (49) 170 418 32 571
’24 (179) 276 378 65 540
’23 (131) 83 419 96 467
’22 (35) 255 493 148 861
’21 64 249 518 40 871
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 1.0% a year for ten years. It grew 1.8% a year over the last ten.

Implied
1.0%
10 years, reported
1.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 8,139 9,024 10,074 9,008 9,358 10,385 8,012 8,252 8,452 9,028 9,165 +1.2% — — — —
Gross margin, % 44.35 45.66 44.02 44.49 48.38 50.66 51.19 53.78 55.80 56.89 57.02 +12.5 pt
EBT (615) (1,089) 354 (1,524) 450 812 380 585 923 1,046 1,130 n/m
EBT margin, % (7.56) (12.07) 3.51 (16.92) 4.81 7.82 4.74 7.09 10.92 11.59 12.33 +19.2 pt
Net income (643) (1,444) 228 (1,545) 389 760 187 354 1,340 743 808 n/m
Per share, $
Per share, $ Revenue 14.00 15.49 17.23 15.32 15.85 17.62 13.90 14.45 14.89 16.22 16.94 +1.7%
Earnings (1.27) (2.60) 0.27 (2.16) 0.56 1.06 0.26 0.47 2.08 1.03 1.12 n/m
Cash flow 0.85 1.30 1.59 1.33 2.10 2.30 1.35 1.57 1.72 2.22 2.15 +11.3%
Capex 0.03 (0.39) (0.80) (0.68) (0.62) (0.84) (0.54) (0.62) (0.72) (0.77) 0.00 n/m
Free cash flow 0.88 0.91 0.79 0.64 1.48 1.46 0.81 0.95 1.01 1.46 2.15 +5.8%
Book value 19.08 17.98 17.63 14.27 15.49 15.51 15.52 15.78 16.54 16.60 17.04 (1.5%)
Shares, m 581 583 585 588 590 590 576 571 568 557 553 (0.5%)
Valuation, ×
Valuation, × P/E 0.00 0.00 53.81 0.00 43.48 14.99 73.04 61.20 16.50 27.24 26.03 29.0
P/S 1.01 1.00 0.81 0.78 1.54 0.90 1.42 1.95 2.30 1.73 1.72 1.3
P/B 0.74 0.86 0.79 0.84 1.57 1.02 1.27 1.78 2.07 1.69 1.71 1.3
EV/Sales 0.81 0.99 0.79 0.75 1.54 1.02 1.56 1.98 2.25 1.72 1.75 1.3
EV/FCF 12.95 16.80 17.41 17.90 16.59 12.33 26.77 30.20 33.34 19.15 21.66 20.3
Cash, $m
Cash, $m Operating cash flow 494 757 928 780 1,237 1,354 777 897 978 1,237 1,165 +10.7%
Capex 15 (226) (469) (402) (366) (493) (310) (357) (407) (426) (426) n/m
Free cash flow 509 531 459 378 871 861 467 540 571 811 1,165 +5.3%
Balance, $m
Balance, $m Working capital 1,363 1,099 710 779 1,222 574 888 1,317 2,203 1,721 1,647 +2.6%
Net debt (1,637) (82) (190) (258) 77 1,247 1,134 230 (441) (106) 235 (26.2%)
Shareholders’ equity 11,093 10,477 10,311 8,389 9,146 9,143 8,945 9,011 9,389 9,236 9,217 (2.0%)
Returns, %
Returns, % ROA (4.93) (9.81) 0.97 (8.47) 2.13 3.67 0.87 1.58 7.33 3.69 4.03 +8.6 pt
ROIC 2.86 3.60 3.61 2.84 4.02 5.90 4.18 5.42 6.68 7.82 0.00 +5.0 pt
ROE (6.48) (14.07) 1.49 (13.57) 3.76 6.81 1.65 2.96 12.83 6.15 6.69 +12.6 pt
People
People Employees 26,000 28,000 28,000 23,500 24,000 25,500 25,000 23,900 22,300 21,700 — (2.0%)
Revenue/emp, $m 0.31 0.32 0.36 0.38 0.39 0.41 0.32 0.35 0.38 0.42 — +3.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jun 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

News Corporation is a media and information services company that sells news, business data, property advertising and books to consumers and businesses. Founded in 2013, it is headquartered in New York. Robert James Thomson is its chief executive.

Its Dow Jones business includes The Wall Street Journal, Barron’s and MarketWatch, as well as services that help businesses research companies, monitor risks and follow energy markets. Customers can read news on websites and apps or in print; professional customers also use databases, newswires and software tools.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by products and services, and margins
Circulation and subscription 3,203 35.48%
Consumer 2,185 24.20%
Real estate 1,571 17.40%
Advertising 1,391 15.41%
Other 678 7.51%
Gross margin 56.89%
Operating margin 12.65%
Pre-tax margin 11.59%

Revenue by segment since 2012

News Corporation vs peers in Entertainment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FWONA Liberty Media Corporation - Liberty Formula One Series A $27.0B 95.8× — +24.06% (above 0%: growing) −98.69% (below 0%: shrinking) +35.16% (above 0%: growing) 20.97% 0.00% Compare
FOX Fox Corporation $26.9B 12.6× 10.6× +22.28% (above 0%: growing) +72.21% (above 0%: growing) +314.96% (above 0%: growing) 48.30% 33.32% Compare
FOXA Fox Corporation $26.8B 14.2× 10.6× +22.28% (above 0%: growing) +72.21% (above 0%: growing) +314.96% (above 0%: growing) 48.30% 33.32% Compare
FWONK Liberty Media Corporation - Liberty Formula One Series C $26.5B 102× 89.9× +24.06% (above 0%: growing) −98.69% (below 0%: shrinking) +35.16% (above 0%: growing) 20.97% 0.00% Compare
ROKU Roku, Inc. $23.9B 46.4× 52.9× +24.07% (above 0%: growing) +625.53% (above 0%: growing) +72.39% (above 0%: growing) 43.18% 10.92% Compare
WMG Warner Music Group Corp. $16.7B 24.9× 21.4× +10.36% (above 0%: growing) n/m +1,528.57% (above 0%: growing) 45.82% 16.36% Compare
NWS News Corporation $14.8B 26.0× — +6.39% (above 0%: growing) +45.00% (above 0%: growing) +160.00% (above 0%: growing) 56.69% 0.00%
NWSA News Corporation $14.8B 23.9× 22.7× +6.39% (above 0%: growing) +45.00% (above 0%: growing) +160.00% (above 0%: growing) 56.69% 0.00% Compare
SIRI Sirius XM Holdings Inc. $11.2B 12.4× 9.7× −0.28% (below 0%: shrinking) +6.82% (above 0%: growing) +14.12% (above 0%: growing) 52.30% 22.25% Compare
Median of peers $25.2B 24.4× 21.4× +22.28% +45.00% +116.20% 47.06% 13.64%

All 48 Entertainment stocks →

From the latest earnings call

Updated

  • CFO Lavanya Chandrashekar said higher pricing and product upgrades helped REA’s Australian residential business, while Realtor.com grew revenue despite difficult housing conditions.
  • CEO Robert Thomson said News Corp is negotiating with AI platforms over content use, while Chandrashekar described AI-related efficiencies across the company.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 85.92%
Held by the ten largest 46.45%
Holder Shares Stake Change
Vanguard 59.87m 11.07% +501.07k
Independent Franchise Partners LLP 41.10m 7.60% +1.06m
State Street 38.86m 7.18% −11.65m
BlackRock 38.66m 7.14% +1.27m
Geode Capital Management 14.69m 2.72% +127.18k
59 North Capital Management, LP 14.38m 2.66% +401.91k
Dodge & Cox 12.54m 2.32% +281.94k
T. Rowe Price 11.09m 2.05% −2.54m
Metropolis Capital Ltd 10.36m 1.92% +494.42k
SOF Ltd 9.78m 1.81% 0.00
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 23 September 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 19.75m 20.71m —
2025 20.62m 24.42m —
2024 20.33m 32.16m —
2023 19.30m 25.63m —
2022 19.69m 4.56m —

Ownership

Directors and executive officers, together 34.80%
LGC Holdco, LLC(e) c/o Maupin, Cox & Legoy 34.80%
Lachlan K. Murdoch(g) 34.80%
SOF Ltd(f) P.O. Box 5.40%
Independent Franchise Partners(d) Level 5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

News Corporation (NWS) Latest News

5 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · Zacks
Impact 3 · · GuruFocus.com

4 Nov

Impact 3 · · MarketBeat
Impact 3 · · Proactive Investors
Impact 3 · · Business Wire

27 Oct

Impact 3 · · Barchart
Impact 3 · · Barchart
Impact 3 · · PR Newswire

25 Oct

Impact 3 · · 24/7 Wall St.

19 Oct

Impact 4 · · 24/7 Wall St.

7 Oct

Impact 3 · · PR Newswire

6 Oct

Impact 4 · · Business Wire
Impact 4 · · PR Newswire
Impact 3 · · StockStory

30 Sep

Impact 3 · · PR Newswire

24 Sep

Impact 3 · · Simply Wall St.

23 Sep

Impact 3 ·

22 Sep

Impact 4 · · Barchart
Impact 4 · · Barchart

17 Sep

Impact 3 ·

5 Sep

Impact 4 ·
Impact 3 ·

28 Aug

Impact 4 ·

25 Aug

Impact 4 ·

11 Aug

Impact 3 ·

6 Aug

Impact 4 ·
Impact 3 ·

5 Aug

Impact 3 · · MarketBeat transcript
Impact 3 ·

NWS metrics, ten years each

stockrow.com/NWS · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com