News (NWS)
Market Price (9/21/2026): $32.86 | Market Cap: $18.0 BilInvestor Relations Sector: Communication Services | Industry: Publishing
News (NWS)
Market Price (9/21/2026): $32.86Market Cap: $18.0 BilSector: Communication ServicesIndustry: Publishing
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Digital Content & Streaming, E-commerce & Digital Retail, and Digital Advertising. Themes include Video Streaming, Show more. | Key risksNWS key risks include [1] intense competition across its diversified media segments and [2] its substantial indebtedness. |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, E-commerce & Digital Retail, and Digital Advertising. Themes include Video Streaming, Show more. |
| Key risksNWS key risks include [1] intense competition across its diversified media segments and [2] its substantial indebtedness. |
Qualitative Assessment
AI Analysis | Feedback
News (NWS) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Exceptional Fiscal Q4 2026 Earnings Beat: News Corp (NWS) reported robust results for fiscal Q4 2026, which ended June 30, 2026, significantly exceeding analyst expectations. The company announced an adjusted earnings per share (EPS) of $0.35, surpassing the consensus estimate of $0.22 by 59.09%. Total revenues for the quarter increased by 11% year-over-year to $2.34 billion, contributing to a 167% surge in net income from continuing operations to $230 million. This strong financial performance for the quarter, announced on August 5, 2026, fueled investor confidence.
2. Sustained Growth in Core Digital Segments: The positive earnings were primarily driven by the strong performance of News Corp's core growth engines: Digital Real Estate Services, Dow Jones, and Book Publishing. Dow Jones revenues grew 7% in fiscal Q4 2026, achieving 20% Segment EBITDA growth, bolstered by increased content licensing, digital circulation, an 11% rise in Risk & Compliance revenues, and a 10% increase in digital advertising. The Digital Real Estate Services segment, including REA Group and Realtor.com®, saw revenues climb 21%, benefiting from strong Australian residential market performance and a 13% revenue growth from Realtor.com®. Book Publishing also contributed with a 15% revenue increase, supported by strong sales across its catalog and accelerated digital revenue growth.
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News (NWS) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Exceptional Fiscal Q4 2026 Earnings Beat: News Corp (NWS) reported robust results for fiscal Q4 2026, which ended June 30, 2026, significantly exceeding analyst expectations. The company announced an adjusted earnings per share (EPS) of $0.35, surpassing the consensus estimate of $0.22 by 59.09%. Total revenues for the quarter increased by 11% year-over-year to $2.34 billion, contributing to a 167% surge in net income from continuing operations to $230 million. This strong financial performance for the quarter, announced on August 5, 2026, fueled investor confidence.
2. Sustained Growth in Core Digital Segments: The positive earnings were primarily driven by the strong performance of News Corp's core growth engines: Digital Real Estate Services, Dow Jones, and Book Publishing. Dow Jones revenues grew 7% in fiscal Q4 2026, achieving 20% Segment EBITDA growth, bolstered by increased content licensing, digital circulation, an 11% rise in Risk & Compliance revenues, and a 10% increase in digital advertising. The Digital Real Estate Services segment, including REA Group and Realtor.com®, saw revenues climb 21%, benefiting from strong Australian residential market performance and a 13% revenue growth from Realtor.com®. Book Publishing also contributed with a 15% revenue increase, supported by strong sales across its catalog and accelerated digital revenue growth.
3. Active Share Repurchase Program: News Corp's ongoing $1 billion stock repurchase program has been actively executed, signaling management's confidence and commitment to shareholder value. As of September 21, 2026, the company had deployed approximately $485.97 million of the authorized amount to repurchase Class A and Class B shares. This includes a recent cancellation of 120,593 Class B shares via a buy-back completed on September 18, 2026, which incrementally enhances value for remaining shareholders.
4. Favorable Analyst Sentiment and Price Target Increases: Analyst ratings and price targets reflected a positive outlook for News Corp during the period. In the month leading up to September 10, 2026, NWS received predominantly "Buy" or "Strong Buy" ratings, with 6 Buy ratings and 3 Strong Buy ratings from a total of 9 analysts. The average analyst price target in the last month was $35.613, indicating an anticipated upside. Another consensus showed a "BUY" rating with a target price of $36.16, and a high target of $43.00. This positive analyst coverage likely contributed to the stock's upward trend.
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Stock Movement Drivers
Fundamental Drivers
The 9.9% change in NWS stock from 5/31/2026 to 9/20/2026 was primarily driven by a 115.2% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.73 | 32.68 | 9.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,800 | 9,028 | 2.6% |
| Net Income Margin (%) | 12.9% | 6.3% | -50.9% |
| P/E Multiple | 14.5 | 31.2 | 115.2% |
| Shares Outstanding (Mil) | 554 | 547 | 1.4% |
| Cumulative Contribution | 9.9% |
Market Drivers
5/31/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| NWS | 9.9% | |
| Market (SPY) | 0.9% | -13.1% |
| Sector (XLC) | -4.2% | 50.7% |
Fundamental Drivers
The 22.8% change in NWS stock from 2/28/2026 to 9/20/2026 was primarily driven by a 140.6% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.60 | 32.68 | 22.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,624 | 9,028 | 4.7% |
| Net Income Margin (%) | 13.3% | 6.3% | -52.4% |
| P/E Multiple | 13.0 | 31.2 | 140.6% |
| Shares Outstanding (Mil) | 561 | 547 | 2.6% |
| Cumulative Contribution | 22.8% |
Market Drivers
2/28/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| NWS | 22.8% | |
| Market (SPY) | 11.6% | 1.2% |
| Sector (XLC) | -5.8% | 46.5% |
Fundamental Drivers
The -2.6% change in NWS stock from 8/31/2025 to 9/20/2026 was primarily driven by a -54.5% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.54 | 32.68 | -2.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,452 | 9,028 | 6.8% |
| Net Income Margin (%) | 14.0% | 6.3% | -54.5% |
| P/E Multiple | 15.8 | 31.2 | 97.4% |
| Shares Outstanding (Mil) | 556 | 547 | 1.7% |
| Cumulative Contribution | -2.6% |
Market Drivers
8/31/2025 to 9/20/2026| Return | Correlation | |
|---|---|---|
| NWS | -2.6% | |
| Market (SPY) | 19.4% | 14.1% |
| Sector (XLC) | 0.5% | 47.4% |
Fundamental Drivers
The 52.3% change in NWS stock from 8/31/2023 to 9/20/2026 was primarily driven by a 241.3% change in the company's Net Income Margin (%).| (LTM values as of) | 8312023 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.46 | 32.68 | 52.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,012 | 9,028 | 12.7% |
| Net Income Margin (%) | 1.9% | 6.3% | 241.3% |
| P/E Multiple | 82.5 | 31.2 | -62.2% |
| Shares Outstanding (Mil) | 573 | 547 | 4.8% |
| Cumulative Contribution | 52.3% |
Market Drivers
8/31/2023 to 9/20/2026| Return | Correlation | |
|---|---|---|
| NWS | 52.3% | |
| Market (SPY) | 75.6% | 45.3% |
| Sector (XLC) | 68.8% | 55.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NWS Return | |||||||
| Peers Return | 0% | -21% | 35% | 18% | 12% | -29% | 2% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| NWS Win Rate | |||||||
| Peers Win Rate | 53% | 40% | 57% | 45% | 52% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| NWS Max Drawdown | |||||||
| Peers Max Drawdown | -31% | -38% | -22% | -20% | -28% | -44% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FOXA, TRI, NYT, ZG, CSGP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
| Event | NWS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.3% | -18.8% |
| % Gain to Breakeven | 27.1% | 23.1% |
| Time to Breakeven | 137 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -17.2% | -6.7% |
| % Gain to Breakeven | 20.7% | 7.1% |
| Time to Breakeven | 78 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -32.6% | -24.5% |
| % Gain to Breakeven | 48.3% | 32.4% |
| Time to Breakeven | 384 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.4% | -33.7% |
| % Gain to Breakeven | 83.1% | 50.9% |
| Time to Breakeven | 140 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.4% | -19.2% |
| % Gain to Breakeven | 24.1% | 23.8% |
| Time to Breakeven | 177 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -17.3% | -3.7% |
| % Gain to Breakeven | 20.9% | 3.9% |
| Time to Breakeven | 171 days | 6 days |
In The Past
News's stock fell -21.3% during the 2025 US Tariff Shock. Such a loss loss requires a 27.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | NWS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.3% | -18.8% |
| % Gain to Breakeven | 27.1% | 23.1% |
| Time to Breakeven | 137 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -32.6% | -24.5% |
| % Gain to Breakeven | 48.3% | 32.4% |
| Time to Breakeven | 384 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.4% | -33.7% |
| % Gain to Breakeven | 83.1% | 50.9% |
| Time to Breakeven | 140 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -27.1% | -12.2% |
| % Gain to Breakeven | 37.2% | 13.9% |
| Time to Breakeven | 235 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -36.4% | -6.8% |
| % Gain to Breakeven | 57.3% | 7.3% |
| Time to Breakeven | 662 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -52.7% | -0.2% |
| % Gain to Breakeven | 111.3% | 0.2% |
| Time to Breakeven | 3881 days | 1 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -27.5% | -15.4% |
| % Gain to Breakeven | 38.0% | 18.2% |
| Time to Breakeven | 231 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -74.1% | -53.4% |
| % Gain to Breakeven | 286.2% | 114.4% |
| Time to Breakeven | 1205 days | 1085 days |
In The Past
News's stock fell -21.3% during the 2025 US Tariff Shock. Such a loss loss requires a 27.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About News (NWS)
News Corporation (NWS) is a global media and information services company focused on creating and distributing a wide array of content for both consumers and businesses worldwide. Its operations are highly diversified, encompassing six main segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.
The company's core offerings include prominent financial news and data products such as The Wall Street Journal, Dow Jones Newswires, Barron's, and MarketWatch, which primarily serve business professionals and investors. It also publishes numerous major newspapers globally, including The Australian, The Sun, The Times, and the New York Post, targeting general news readers. Beyond traditional news, News Corporation is a significant player in book publishing through HarperCollins, provides video sports and entertainment services to pay-TV subscribers, and operates online real estate advertising and service platforms.
In essence, News Corporation leverages its extensive content portfolio and multi-platform distribution channels to cater to diverse customer segments. These range from financial and corporate clients requiring critical market data and news, to individual consumers seeking daily news, entertainment, books, and property-related services, all delivered through newspapers, websites, mobile applications, and subscription television services.
AI Analysis | Feedback
Here are 1-3 brief analogies for News (NWS):
- Imagine a company that combines the financial data and news services of Bloomberg with the broad newspaper and digital journalism reach of The New York Times.
- Think of it as a diversified content and information provider, with segments ranging from the book publishing might of Penguin Random House to digital real estate services similar to Zillow.
AI Analysis | Feedback
- News & Information Publications: Distributes a wide array of newspapers, newswires, magazines, and digital publications including The Wall Street Journal, The Times, and the New York Post.
- Digital Real Estate Services: Provides online platforms and services for property advertising and real estate transactions.
- Subscription Video Services: Offers sports, entertainment, and news content via pay-TV, cable, satellite, and internet distribution, including broadcasting live sporting events.
- Book Publishing: Publishes general fiction, nonfiction, children's, and religious books.
- Business Information & Data Services: Delivers specialized business and financial information products and data services such as Factiva and Dow Jones Risk & Compliance.
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Major Customers of News Corporation (NWS)
News Corporation serves a diverse range of customers, primarily individuals and various types of businesses. Reflecting its broad market reach, the company's major customer categories include:
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Individual Consumers and Subscribers: This category encompasses millions of people who purchase subscriptions to News Corp's various news publications (e.g., The Wall Street Journal, The Times, New York Post), digital mastheads, and pay-TV services. It also includes individuals who purchase books published by HarperCollins.
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Businesses for Professional Information and Risk Solutions: Corporations, financial institutions, and government entities that subscribe to News Corp's specialized business-to-business offerings. These include services such as Factiva, Dow Jones Risk & Compliance, and Dow Jones Newswires, which provide critical business intelligence, market data, and compliance solutions.
-
Advertisers: A wide array of businesses, from small local enterprises to large multinational corporations, that utilize News Corp's extensive media platforms to reach their target audiences. This includes advertising across its numerous newspapers, websites, digital real estate platforms, and other content channels. Real estate professionals also fall into this category, leveraging News Corp's property-related advertising services.
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Robert Thomson, Chief Executive
Robert Thomson has served as the Chief Executive of News Corp since January 2013, with his contract extended to June 2030. An Australian journalist and business executive, Thomson began his career as a cadet journalist at The Herald in Melbourne in 1979. He worked as a China correspondent for Fairfax Media and the Financial Times, and later became the editor of The Times in London in 2002, where he was the first Australian to hold the position. From May 2008, he served as the editor-in-chief of Dow Jones & Company and managing editor of The Wall Street Journal, overseeing global news operations with a staff of over 2,000 journalists. During his tenure as CEO of News Corp, Thomson has been instrumental in the company’s digital transformation, shifting its focus from paper to digital, leading to a significant increase in digital revenues. He has also been a prominent advocate for the compensation of news publishers for their content used by technology platforms and generative AI.
Lavanya Chandrashekar, Chief Financial Officer
Lavanya Chandrashekar assumed the role of Chief Financial Officer of News Corp on January 1, 2025, succeeding Susan Panuccio. She brings nearly 30 years of experience in international finance and investor relations, primarily with major consumer-facing companies. Prior to joining News Corp, Ms. Chandrashekar was the Chief Financial Officer of the beverage company Diageo for over three years, where she was credited with leading the company through a period of profitable growth and spearheading a global digital transformation program. She has also held senior positions at Procter & Gamble.
David Pitofsky, General Counsel
David Pitofsky serves as the General Counsel and Chief Compliance Officer for News Corp.
Julian Delany, Chief Technology Officer
Julian Delany was appointed Executive Vice President and Chief Technology Officer of News Corp, effective June 30, 2025. He joined News Corp Australia in 2012, where he most recently served as Chief Technology Officer and a member of the Executive Team. In this role, he focused on aligning technical, process, and data across multiple brands. Mr. Delany began his career with News Corp Australia as the General Manager of news.com.au, where he pioneered digital-first newsroom operations and data-led insights. He later became the Managing Director of News Corp Australia's digital news, food, and lifestyle network, expanding his role to manage all digital networks before his appointment as CTO in 2020. Before joining News Corp Australia, he worked in live broadcast operations at Foxtel.
Anoushka Healy, Chief Strategy Officer
Anoushka Healy holds the position of Chief Strategy Officer at News Corp.
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Key Risks to News Corporation (NWS):
- Accelerating decline in traditional media consumption and advertising revenue across print and linear video platforms.
- Intense competition and increasing content acquisition costs in evolving digital content, advertising, and real estate markets.
AI Analysis | Feedback
The accelerating global shift of consumers from traditional linear pay-TV subscriptions to Over-The-Top (OTT) streaming services for video content. This trend directly threatens News Corporation's Subscription Video Services segment, which primarily serves "pay-TV subscribers" through "cable, satellite, and internet distribution," as consumers increasingly opt for direct streaming platforms that offer alternative content delivery and pricing models.
AI Analysis | Feedback
For News Corporation (symbol: NWS), the addressable markets for its main products and services are as follows:
Digital Real Estate Services
- The Australia Real Estate Digital Portals Market is valued at approximately USD 2.5 billion.
- The overall Real Estate Services market in Australia is sized at USD 31.5 billion in 2026.
- The broader Australia real estate market was valued at USD 215.34 billion in 2025.
- The India real estate market was valued at USD 532.61 billion in 2025 and is projected to reach USD 580 billion (USD 0.58 trillion) in 2026.
Subscription Video Services
- The global Subscription Video On Demand (SVOD) market size was valued at USD 198.3 billion in 2025.
- The Pay TV and Internet Protocol TV Services market in Australia was approximately USD 8.0 billion in 2025.
Dow Jones (Financial News and Business Information)
- Market size for specific financial news and business information products and services (e.g., Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires) is not distinctly available and is often integrated within broader news publishing or business information service market analyses. Therefore, this market size is currently null.
Book Publishing
- The global book publishing market size was valued at US$ 177.81 billion in 2025.
- The Book Publishing market in the U.S. is projected to be USD 49.1 billion in 2026.
News Media
- The global news media market (daily and weekly news publications) had an estimated combined revenue of USD 125.7 billion in 2025. Another source estimates the global newspaper publishing market at approximately USD 92 billion in 2025.
- The Newspaper Publishing market in the U.S. is estimated at USD 29.4 billion in 2026.
- The Newspaper Publishing market in the UK is valued at £3.0 billion in 2025.
- The Newspaper Publishing market in Australia is estimated at USD 3.1 billion in 2025.
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Expected Drivers of Future Revenue Growth for News Corporation (NWS)
News Corporation (NWS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives across its diverse segments:
- Growth in Digital Subscriptions and Professional Information Business at Dow Jones: News Corp anticipates significant revenue growth from its Dow Jones segment, particularly through expanding digital-only subscriptions for flagship publications like The Wall Street Journal and Barron's. The company is also focusing on accelerating its professional information businesses, including risk, compliance, and energy solutions, with a stated goal for Dow Jones to achieve $1 billion in annual segment EBITDA within five years. Price optimization for digital subscriptions is also expected to contribute to revenue growth.
- Expansion of Digital Real Estate Services: The Digital Real Estate Services segment, primarily through REA Group and Realtor.com, is a major driver of News Corp's profitability and revenue growth. Growth is expected from strong Australian residential listings, successful international expansion (notably in India), and the introduction of premium offerings and growth adjacencies in platforms like Realtor.com, such as new homes, rentals, and seller services.
- Monetization of Content through AI Licensing and Data: News Corp has established new and lucrative revenue streams by entering into multi-year global partnerships with major artificial intelligence companies like OpenAI and Meta to license its extensive content archives for AI model training and real-time news retrieval. The company considers itself an "AI Input company" and expects further AI-related licensing deals and proceeds from settlements to positively impact future revenue and profitability.
- Growth in Digital Formats and Strategic Initiatives within Book Publishing: The HarperCollins book publishing segment is anticipated to continue its growth trajectory, particularly through increased sales of audiobooks and e-books, driven by active exploration of new digital formats. Strategic acquisitions and a focus on direct-to-consumer data capture and backlist monetization are also expected to contribute to revenue expansion.
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Share Repurchases
- News Corporation authorized a $1 billion share repurchase program in July 2025.
- As of June 11, 2026, approximately $301.6 million of Class A and Class B shares have been purchased under this program.
- The company reduced its outstanding shares from 590 million at the end of fiscal year 2021 to 571 million by the end of fiscal year 2024 through an active buyback program.
Outbound Investments
- News Corp completed the sale of its 65% interest in Foxtel to DAZN in April 2025 for an enterprise value of A$3.4 billion, generating cash and securing a minority equity stake in DAZN.
- The Dow Jones Risk and Compliance segment's revenue increased, bolstered by acquisitions such as Oxford Analytica and Dragonfly Intelligence.
Capital Expenditures
- Capital expenditures totaled -$437.00 million in the last 12 months.
- Capital expenditures have been maintained at a manageable level, allowing for consistent free cash flow generation between $741 million and $855 million annually over the past four years (FY2021-FY2024).
- Expected capital expenditures for the upcoming fiscal year are approximately $418.2 million, with an average forecast of $394.4 million over the next five fiscal years.
Peer Outperformance in Publishing
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Wireless Telecommunication Services | 3 | -15.1% | 26.4% | 41.6% | ECHO 262% · TMUS 42% · SHEN -60% |
| Publishing ← | 6 | 9.8% | 36.5% | 29.3% | NWS 57% · NYT 49% · NWSA 40% |
| Integrated Telecommunication Services | 21 | -16.1% | 3.2% | -25.7% | IQST 1481% · GSAT 229% · AD 154% |
| Movies & Entertainment | 24 | -1.1% | 72.3% | -34.3% | IMAX 221% · MSGS 128% · BATRA 116% |
| Alternative Carriers | 4 | 29.6% | 15.9% | -42.7% | IRDM 14% · UNIT -41% · LUMN -45% |
| Advertising | 19 | -18.5% | -10.1% | -61.8% | APP 316% · EVC 50% · OMC 29% |
| Broadcasting | 15 | -13.8% | -21.2% | -68.8% | FOXA 85% · NXST 26% · WBD 11% |
| Interactive Media & Services | 30 | -38.1% | -35.1% | -71.0% | GOOGL 154% · META 88% · EVER 13% |
| Interactive Home Entertainment | 8 | -51.8% | -55.1% | -87.6% | TTWO 41% · RBLX -39% · PINS -65% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 64.45 |
| Mkt Cap | 11.8 |
| Rev LTM | 3,556 |
| Op Inc LTM | 491 |
| FCF LTM | 623 |
| FCF 3Y Avg | 475 |
| CFO LTM | 658 |
| CFO 3Y Avg | 507 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.8% |
| Rev Chg 3Y Avg | 8.0% |
| Rev Chg Q | 17.9% |
| QoQ Delta Rev Chg LTM | 4.2% |
| Op Inc Chg LTM | 20.9% |
| Op Inc Chg 3Y Avg | 23.7% |
| Op Mgn LTM | 16.5% |
| Op Mgn 3Y Avg | 14.9% |
| QoQ Delta Op Mgn LTM | 1.0% |
| CFO/Rev LTM | 14.0% |
| CFO/Rev 3Y Avg | 16.1% |
| FCF/Rev LTM | 8.6% |
| FCF/Rev 3Y Avg | 12.5% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dow Jones | 2,331 | 2,231 | 2,153 | 2,004 | 1,702 |
| News Media | 2,170 | 2,270 | 2,341 | 2,423 | 2,205 |
| Book Publishing | 2,149 | 2,093 | 1,979 | 2,191 | 1,985 |
| Digital Real Estate Services | 1,802 | 1,658 | 1,539 | 1,741 | 1,393 |
| Other | 0 | 0 | 0 | 0 | 1 |
| Subscription Video Services | 2,026 | 2,072 | |||
| Total | 8,452 | 8,252 | 8,012 | 10,385 | 9,358 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Digital Real Estate Services | 601 | 508 | 457 | 574 | 514 |
| Dow Jones | 588 | 542 | 494 | 433 | 332 |
| Book Publishing | 296 | 269 | 167 | 306 | 303 |
| News Media | 153 | 133 | 173 | 217 | 52 |
| Other | -223 | -211 | -202 | -221 | -287 |
| Depreciation and amortization | -459 | -440 | -415 | -688 | -680 |
| Subscription Video Services | 360 | 359 | |||
| Total | 956 | 801 | 674 | 981 | 593 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dow Jones | 4,134 | 4,139 | 4,305 | 4,368 | 2,798 |
| Digital Real Estate Services | 3,202 | 3,020 | 2,942 | 2,989 | 3,146 |
| Book Publishing | 2,767 | 2,647 | 2,629 | 2,651 | 2,713 |
| Other | 2,283 | 1,858 | 1,783 | 1,528 | 2,039 |
| News Media | 2,102 | 2,018 | 2,023 | 2,115 | 2,209 |
| Investments | 1,016 | 429 | 427 | 488 | 351 |
| Assets from discontinued operations | 2,573 | ||||
| Subscription Video Services | 2,812 | 3,082 | 3,515 | ||
| Total | 15,504 | 16,684 | 16,921 | 17,221 | 16,771 |
Price Behavior
| Market Price | $32.68 | |
| Market Cap ($ Bil) | 17.9 | |
| First Trading Date | 06/19/2013 | |
| Distance from 52W High | -7.2% | |
| 50 Days | 200 Days | |
| DMA Price | $32.82 | $29.93 |
| DMA Trend | up | up |
| Distance from DMA | -0.4% | 9.2% |
| 3M | 1YR | |
| Volatility | 29.1% | 27.4% |
| Downside Capture | -51.72 | 44.04 |
| Upside Capture | 23.40 | 32.76 |
| Correlation (SPY) | -9.5% | 14.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.39 | -0.16 | -0.38 | -0.01 | 0.30 | 0.72 |
| Up Beta | 1.42 | -0.41 | -0.75 | 0.10 | -0.04 | 0.73 |
| Down Beta | -0.74 | 0.14 | 0.01 | 0.06 | 0.51 | 0.73 |
| Up Capture | 65% | 49% | -5% | 17% | 23% | 43% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 17 | 27 | 37 | 71 | 137 | 397 |
| Down Capture | -151% | -108% | -93% | -54% | 46% | 88% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 4 | 15 | 27 | 55 | 111 | 344 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NWS | |
|---|---|---|---|---|
| NWS | -0.8% | 27.3% | -0.05 | - |
| Sector ETF (XLC) | -5.8% | 15.4% | -0.59 | 48.4% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 14.2% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | -1.9% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | -12.7% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | 23.2% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | 12.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NWS | |
|---|---|---|---|---|
| NWS | 9.8% | 28.1% | 0.34 | - |
| Sector ETF (XLC) | 6.7% | 21.0% | 0.23 | 59.2% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 54.8% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 4.5% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 7.7% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 46.8% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | 24.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NWS | |
|---|---|---|---|---|
| NWS | 10.0% | 29.8% | 0.37 | - |
| Sector ETF (XLC) | 9.1% | 22.1% | 0.46 | 58.1% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 58.4% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 3.1% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 18.7% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 48.7% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 17.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 7/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 6.4% | 4.2% | 3.4% |
| 8/5/2025 | 1.1% | -0.8% | -1.1% |
| 5/8/2025 | 0.2% | 0.9% | -2.1% |
| 2/5/2025 | -0.8% | 2.4% | -4.3% |
| 11/7/2024 | 2.9% | 1.6% | 3.4% |
| 8/8/2024 | 3.6% | 2.7% | -0.4% |
| 5/8/2024 | 2.8% | 7.5% | 11.5% |
| 2/7/2024 | 6.8% | 7.5% | 8.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 17 | 12 |
| # Negative | 6 | 5 | 10 |
| Median Positive | 5.1% | 4.7% | 7.1% |
| Median Negative | -3.3% | -2.5% | -5.1% |
| Max Positive | 8.9% | 19.4% | 32.9% |
| Max Negative | -13.7% | -10.2% | -24.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 6.4% | 4.2% | 3.4% |
| 8/5/2025 | 1.1% | -0.8% | -1.1% |
| 5/8/2025 | 0.2% | 0.9% | -2.1% |
| 2/5/2025 | -0.8% | 2.4% | -4.3% |
| 11/7/2024 | 2.9% | 1.6% | 3.4% |
| 8/8/2024 | 3.6% | 2.7% | -0.4% |
| 5/8/2024 | 2.8% | 7.5% | 11.5% |
| 2/7/2024 | 6.8% | 7.5% | 8.1% |
| 11/9/2023 | -1.5% | -0.7% | 4.4% |
| 8/10/2023 | 4.7% | 2.3% | 4.6% |
| 5/11/2023 | 8.7% | 12.1% | 14.1% |
| 2/9/2023 | -9.8% | -9.6% | -24.4% |
| 11/8/2022 | -5.1% | 6.2% | 6.1% |
| 8/8/2022 | 5.5% | 6.7% | -2.7% |
| 5/5/2022 | -13.7% | -10.2% | -9.7% |
| 2/3/2022 | 0.8% | 4.7% | -9.0% |
| 11/4/2021 | 3.7% | 0.8% | -5.9% |
| 8/5/2021 | -0.1% | -2.5% | -7.0% |
| 5/6/2021 | 6.0% | 1.7% | 1.8% |
| 2/4/2021 | 6.1% | 17.1% | 18.4% |
| 11/5/2020 | 8.9% | 19.4% | 32.9% |
| 8/6/2020 | 6.1% | 14.3% | 10.6% |
| SUMMARY STATS | |||
| # Positive | 16 | 17 | 12 |
| # Negative | 6 | 5 | 10 |
| Median Positive | 5.1% | 4.7% | 7.1% |
| Median Negative | -3.3% | -2.5% | -5.1% |
| Max Positive | 8.9% | 19.4% | 32.9% |
| Max Negative | -13.7% | -10.2% | -24.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-K |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/06/2026 | 10-Q |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-K |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-K |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/15/2023 | 10-K |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 02/10/2023 | 10-Q |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-K |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/06/2026 | 10-Q |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-K |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-K |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/15/2023 | 10-K |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 02/10/2023 | 10-Q |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-K |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/04/2022 | 10-Q |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/10/2021 | 10-K |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/05/2021 | 10-Q |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/11/2020 | 10-K |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/07/2020 | 10-Q |
| 09/30/2019 | 11/08/2019 | 10-Q |
Industry Resources
| Communication Services Resources |
| Variety |
| The Hollywood Reporter |
| Adweek |
| Publishing Resources |
| Publishers Weekly |
| Editor & Publisher |
| The Bookseller |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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