News (NWSA)


Market Price (8/20/2026): $29.465 | Market Cap: $16.1 BilInvestor Relations Sector: Communication Services | Industry: Publishing

News (NWSA)


Market Price (8/20/2026): $29.465
Market Cap: $16.1 Bil
Sector: Communication Services
Industry: Publishing

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%

Attractive yield
FCF Yield is 5.0%

Low stock price volatility
Vol 12M is 27%

Megatrend and thematic drivers
Megatrends include Digital Content & Streaming, E-commerce & Digital Retail, and Digital Advertising. Themes include Video Streaming, Show more.

Trading close to highs
Dist 52W High is -4.7%, Dist 3Y High is -4.7%

Weak multi-year price returns
2Y Excs Rtn is -32%, 3Y Excs Rtn is -32%

Key risks
NWSA key risks include [1] a copyright lawsuit from Brave Software over its AI-driven search summaries and [2] declining revenue from its Realtor.com segment due to a challenging real estate market.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%
1 Attractive yield
FCF Yield is 5.0%
2 Low stock price volatility
Vol 12M is 27%
3 Megatrend and thematic drivers
Megatrends include Digital Content & Streaming, E-commerce & Digital Retail, and Digital Advertising. Themes include Video Streaming, Show more.
4 Trading close to highs
Dist 52W High is -4.7%, Dist 3Y High is -4.7%
5 Weak multi-year price returns
2Y Excs Rtn is -32%, 3Y Excs Rtn is -32%
6 Key risks
NWSA key risks include [1] a copyright lawsuit from Brave Software over its AI-driven search summaries and [2] declining revenue from its Realtor.com segment due to a challenging real estate market.

NWSA in ETFs

Weight = NWSA's share of each fund

SPY0.02%
VOO0.01%
IVV0.02%
VTI0.02%
ITOT0.01%
IWB0.01%
RSP0.15%
VB0.12%
+21 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/5/2026

News (NWSA) stock has gained about 10% since 4/30/2026 because of the following key factors:

1. News Corp reported stronger-than-expected financial results for both fiscal Q3 2026 and fiscal Q4 2026.

In fiscal Q3 2026, adjusted EPS of $0.21 surpassed analyst estimates of $0.16, with revenues reaching $2.19 billion, a 9% year-over-year increase. The momentum continued into fiscal Q4 2026, with adjusted EPS of $0.35 significantly beating the consensus estimate of $0.21, and revenues growing 11% year-over-year to $2.34 billion, exceeding analyst forecasts of $2.22 billion.

2. The company demonstrated robust growth across its core digital segments.

Key drivers included Digital Real Estate Services, Dow Jones, and Book Publishing. For fiscal Q4 2026, Digital Real Estate Services revenue rose 19% to $553 million, with EBITDA expanding 46% to $222 million. Dow Jones revenues increased 7% to $644 million, driven by content licensing, digital circulation, and a 10% rise in digital advertising revenues, leading to a 20% growth in EBITDA to $181 million. Book Publishing revenues also grew 15% to $566 million. Digital revenues constituted 61% of News Corp's total revenues for fiscal 2026.

Show more
Updated on 8/5/2026

News (NWSA) stock has gained about 10% since 4/30/2026 because of the following key factors:

1. News Corp reported stronger-than-expected financial results for both fiscal Q3 2026 and fiscal Q4 2026.

In fiscal Q3 2026, adjusted EPS of $0.21 surpassed analyst estimates of $0.16, with revenues reaching $2.19 billion, a 9% year-over-year increase. The momentum continued into fiscal Q4 2026, with adjusted EPS of $0.35 significantly beating the consensus estimate of $0.21, and revenues growing 11% year-over-year to $2.34 billion, exceeding analyst forecasts of $2.22 billion.

2. The company demonstrated robust growth across its core digital segments.

Key drivers included Digital Real Estate Services, Dow Jones, and Book Publishing. For fiscal Q4 2026, Digital Real Estate Services revenue rose 19% to $553 million, with EBITDA expanding 46% to $222 million. Dow Jones revenues increased 7% to $644 million, driven by content licensing, digital circulation, and a 10% rise in digital advertising revenues, leading to a 20% growth in EBITDA to $181 million. Book Publishing revenues also grew 15% to $566 million. Digital revenues constituted 61% of News Corp's total revenues for fiscal 2026.

3. News Corp’s aggressive share repurchase program underscored management's confidence and commitment to shareholder value.

The company engaged in a $1 billion share repurchase program, buying back $643 million in shares for fiscal year 2026, which was over four times the rate of the prior year. This included a single-day purchase of more than $256 million on July 30, 2026.

4. Analyst sentiment remained highly positive, with multiple upgrades and optimistic price targets.

News Corp maintained a consensus "Buy" rating from several brokerages, with an average 12-month price target around $37.14, indicating a substantial upside from the stock's trading levels in late July and early August 2026. Notably, Zacks, Wall Street Zen, and Weiss Ratings upgraded their ratings for the stock during this period.

5. Strategic AI licensing deals and intellectual property protection initiatives contributed to growth prospects.

News Corp pursued AI licensing agreements with major technology companies like Meta and OpenAI, and actively challenged firms engaged in content scraping, aiming to establish new revenue streams and safeguard its intellectual property. The company also anticipated receiving a share of the $1.5 billion Anthropic settlement.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 11.9% change in NWSA stock from 4/30/2026 to 8/19/2026 was primarily driven by a 119.1% change in the company's P/E Multiple.
(LTM values as of)43020268192026Change
Stock Price ($)26.3229.4511.9%
Change Contribution By: 
Total Revenues ($ Mil)8,6249,0284.7%
Net Income Margin (%)13.3%6.3%-52.4%
P/E Multiple12.828.1119.1%
Shares Outstanding (Mil)5615472.6%
Cumulative Contribution11.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/19/2026
ReturnCorrelation
NWSA11.9% 
Market (SPY)7.0%-14.3%
Sector (XLC)-4.5%47.1%

Fundamental Drivers

The 9.4% change in NWSA stock from 1/31/2026 to 8/19/2026 was primarily driven by a 116.7% change in the company's P/E Multiple.
(LTM values as of)13120268192026Change
Stock Price ($)26.9229.459.4%
Change Contribution By: 
Total Revenues ($ Mil)8,5009,0286.2%
Net Income Margin (%)13.8%6.3%-54.0%
P/E Multiple13.028.1116.7%
Shares Outstanding (Mil)5655473.3%
Cumulative Contribution9.4%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/19/2026
ReturnCorrelation
NWSA9.4% 
Market (SPY)11.4%3.0%
Sector (XLC)-7.0%46.8%

Fundamental Drivers

The 1.2% change in NWSA stock from 7/31/2025 to 8/19/2026 was primarily driven by a 9.9% change in the company's Net Income Margin (%).
(LTM values as of)73120258192026Change
Stock Price ($)29.1029.451.2%
Change Contribution By: 
Total Revenues ($ Mil)8,4359,0287.0%
Net Income Margin (%)5.8%6.3%9.9%
P/E Multiple33.928.1-17.1%
Shares Outstanding (Mil)5675473.8%
Cumulative Contribution1.2%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/19/2026
ReturnCorrelation
NWSA1.2% 
Market (SPY)22.7%15.4%
Sector (XLC)4.7%48.7%

Fundamental Drivers

The 52.1% change in NWSA stock from 7/31/2023 to 8/19/2026 was primarily driven by a 140.6% change in the company's Net Income Margin (%).
(LTM values as of)73120238192026Change
Stock Price ($)19.3629.4552.1%
Change Contribution By: 
Total Revenues ($ Mil)10,1209,028-10.8%
Net Income Margin (%)2.6%6.3%140.6%
P/E Multiple41.728.1-32.7%
Shares Outstanding (Mil)5755475.3%
Cumulative Contribution52.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/19/2026
ReturnCorrelation
NWSA52.1% 
Market (SPY)73.9%46.4%
Sector (XLC)67.0%56.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NWSA Return25%-18%36%13%-4%13%72%
Peers Return0%-21%35%18%12%-27%4%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
NWSA Win Rate58%33%83%67%58%62% 
Peers Win Rate53%40%57%45%52%42% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
NWSA Max Drawdown-24%-36%-27%-11%-21%-17% 
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, NYT, TRI, ZG, CSGP. See NWSA Returns vs. Peers.
[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 8/19/2026 (YTD)

How Low Can It Go

EventNWSAS&P 500
2025 US Tariff Shock
  % Loss-21.1%-18.8%
  % Gain to Breakeven26.7%23.1%
  Time to Breakeven136 days79 days
2023 SVB Regional Banking Crisis
  % Loss-17.3%-6.7%
  % Gain to Breakeven21.0%7.1%
  Time to Breakeven63 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.7%-24.5%
  % Gain to Breakeven50.7%32.4%
  Time to Breakeven426 days427 days
2020 COVID-19 Crash
  % Loss-43.5%-33.7%
  % Gain to Breakeven76.8%50.9%
  Time to Breakeven129 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-18.8%-19.2%
  % Gain to Breakeven23.1%23.8%
  Time to Breakeven177 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-18.3%-3.7%
  % Gain to Breakeven22.3%3.9%
  Time to Breakeven201 days6 days

Compare to FOXA, NYT, TRI, ZG, CSGP

In The Past

News's stock fell -21.1% during the 2025 US Tariff Shock. Such a loss loss requires a 26.7% 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.

EventNWSAS&P 500
2025 US Tariff Shock
  % Loss-21.1%-18.8%
  % Gain to Breakeven26.7%23.1%
  Time to Breakeven136 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.7%-24.5%
  % Gain to Breakeven50.7%32.4%
  Time to Breakeven426 days427 days
2020 COVID-19 Crash
  % Loss-43.5%-33.7%
  % Gain to Breakeven76.8%50.9%
  Time to Breakeven129 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-31.3%-12.2%
  % Gain to Breakeven45.5%13.9%
  Time to Breakeven638 days62 days
2014-2016 Oil Price Collapse
  % Loss-40.5%-6.8%
  % Gain to Breakeven68.2%7.3%
  Time to Breakeven700 days15 days

Compare to FOXA, NYT, TRI, ZG, CSGP

In The Past

News's stock fell -21.1% during the 2025 US Tariff Shock. Such a loss loss requires a 26.7% 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 (NWSA)

```html

News Corporation (NWSA) is a global media and information services company focused on creating and distributing a broad range of content for both consumers and businesses. Its fundamental purpose is to deliver valuable information, news, and entertainment across various platforms to a worldwide audience. The company’s operations are diversified across several key segments, reflecting its extensive reach in the media landscape.

The company's main products and services are extensive. In its News Media and Dow Jones segments, NWSA publishes prominent financial publications like The Wall Street Journal, Barron's, and MarketWatch, alongside general news outlets such as The Times, New York Post, and various Australian newspapers. It also provides critical data and analytics services, including Factiva and Dow Jones Risk & Compliance. Beyond traditional news, NWSA engages in Book Publishing, offering general fiction, non-fiction, children's, and religious titles. Furthermore, its Subscription Video Services segment delivers video content across sports, entertainment, and news to pay-TV subscribers and other licensees, while its Digital Real Estate Services offer online property advertising, related services, and professional software solutions.

NWSA's primary customers and markets are global and highly varied. Financial news and data services cater to businesses, investors, and professionals worldwide, while its general newspapers and book publishing serve the broader consumer market. Its subscription video offerings target pay-TV subscribers and commercial partners seeking licensed content. The digital real estate segment serves individuals involved in property transactions, real estate professionals, and related businesses. Through this diverse portfolio, News Corporation reaches millions of consumers and businesses across various continents, providing essential information, entertainment, and professional tools.

```

AI Analysis | Feedback

Here are 1-3 brief analogies for News (NWSA):

  • Think of it as a global news and information services company, similar to Thomson Reuters for its business data but also with leading consumer news outlets like The New York Times.

  • Imagine a company like Penguin Random House (for books) that also operates a global network of online real estate classifieds akin to Zillow.

AI Analysis | Feedback

  • Digital Real Estate Services: Provides online platforms for property advertising, services, and related professional software.
  • Subscription Video Services: Offers pay-TV video content for sports, entertainment, and news, including broadcast rights to live events.
  • Business Information Products: Distributes premium financial news, data, and risk compliance services through brands like The Wall Street Journal, Factiva, and Dow Jones Newswires.
  • Book Publishing: Publishes a wide range of books across genres including general fiction, nonfiction, children's, and religious titles.
  • News Media: Produces and distributes news content through numerous newspapers (e.g., The Times, New York Post) and their associated digital platforms.

AI Analysis | Feedback

Major Customers of News Corporation (NWSA)

News Corporation (NWSA) sells primarily to other companies. Its major customer categories include:

  • Financial and Professional Services Firms: These include banks, investment firms, law firms, and consulting firms that subscribe to high-value enterprise data and compliance services such as Factiva, Dow Jones Risk & Compliance, and Dow Jones Newswires. They also subscribe to institutional versions of The Wall Street Journal and Barron's for their employees and research.

  • Advertisers: Businesses across a wide array of industries (e.g., real estate agencies, consumer brands, automotive, local businesses) that purchase advertising space in News Corporation's extensive portfolio of newspapers (e.g., The Wall Street Journal, The Times, New York Post), digital mastheads, websites, and digital real estate platforms.

  • Real Estate Industry Professionals: This category includes real estate agents, brokers, property developers, and related businesses that utilize News Corporation's digital real estate services for property listings, advertising, and professional software products.

AI Analysis | Feedback

null

AI Analysis | Feedback

Robert Thomson, Chief Executive Officer

Robert Thomson was appointed Chief Executive Officer of News Corp in January 2013. An Australian-born media executive and former journalist, he began his career as a copyboy at The Herald in Melbourne in 1979. His journalistic career included roles as China correspondent for Fairfax Media and the Financial Times, and Tokyo correspondent for the Financial Times. In 2002, he became editor of The Times in London, being the first Australian to hold this position, where he introduced a tabloid format. From 2008, he served as Editor-in-Chief of Dow Jones & Company and Managing Editor of The Wall Street Journal. Under his leadership at News Corp, he has focused on digital adaptation, transitioning the company into a digital and subscription-led business.

Lavanya Chandrashekar, Chief Financial Officer

Lavanya Chandrashekar became the Chief Financial Officer of News Corp, effective January 1, 2025. She brings nearly 30 years of experience in international finance and investor relations. Prior to joining News Corp, Ms. Chandrashekar was the CFO of Diageo from 2021 to September 2024. Her career also includes senior finance positions at prominent consumer-facing companies such as Procter & Gamble and Mondelēz International. At Diageo, she was instrumental in leading the company through a period of profitable growth and spearheading a global digital transformation program.

Lachlan Murdoch, Chair

Lachlan Murdoch serves as the Chair of News Corp. He is the son of Rupert Murdoch and succeeded his father as Chair in September 2023. Mr. Murdoch also holds the position of CEO of Fox Corporation. He plays a key role in overseeing the strategic direction and operations of News Corp.

David Pitofsky, General Counsel

David Pitofsky is the General Counsel of News Corp. He also serves as the Chief Compliance Officer for the company. Mr. Pitofsky is a member of News Corp's executive leadership team.

Julian Delany, Chief Technology Officer

Julian Delany was appointed Executive Vice President and Chief Technology Officer of News Corp in June 2025.

AI Analysis | Feedback

The key risks to News Corporation (NWSA) primarily revolve around the evolving media landscape, the sensitivity of its digital real estate segment to market conditions, and emerging legal challenges related to content and artificial intelligence.

1. Declining Advertising Revenue and Fierce Competition in News Media

News Corporation operates within a highly competitive media environment, facing challenges from both traditional publishers and a growing number of digital media platforms and streaming services. The News Media segment, which includes its global newspaper mastheads, continues to grapple with structural challenges, notably a decline in print advertising revenue. Advertising revenue, a significant portion of the company's income, has shown a downward trend, reflecting a broader industry shift where consumers increasingly opt for digital sources, leading to an erosion of print-based audience and advertising revenue. To maintain market position and audience engagement, News Corp must continually innovate and adapt to evolving consumer preferences and technological advancements.

2. Sensitivity of Digital Real Estate Services to Market Fluctuations

News Corporation's Digital Real Estate Services segment, particularly through Realtor.com, is susceptible to the dynamic real estate market. Fluctuations in mortgage rates have a direct impact on Realtor.com's website traffic and revenue. When mortgage rates rise, prospective homebuyers often delay their purchasing decisions, resulting in decreased website engagement and transaction volume. This sensitivity to interest rates and general market sentiment in the real estate sector can negatively affect the company's earnings.

3. Legal and Reputational Risks from AI and Digital Content Usage

News Corporation faces potential legal and reputational risks, particularly concerning copyright challenges related to the use of its content by artificial intelligence (AI) and other digital platforms. For instance, the company is involved in a legal dispute with Brave Software regarding the use of its content in AI-driven search summaries. Navigating these legal battles and protecting its copyright interests while fostering constructive relationships with technology companies is crucial. Furthermore, technological disruption from AI could lower barriers to entry in the professional information services market, adding another layer of competitive pressure.

AI Analysis | Feedback

  • The accelerated shift of consumers from traditional pay-TV bundles to direct-to-consumer (D2C) streaming services (e.g., Netflix, Disney+, Max, Peacock). This directly threatens News Corp's Subscription Video Services segment, which primarily operates by providing video services to "pay-TV subscribers" through "cable, satellite, and internet distribution," rather than primarily operating as a direct-to-consumer streaming provider.
  • The rapid advancement and adoption of generative artificial intelligence (AI) for content creation. This poses a threat to News Corp's News Media, Dow Jones, and Book Publishing segments by potentially commoditizing human-authored journalism and books, increasing competition from AI-generated content, impacting subscription models and advertising revenue for news, and disrupting the traditional author-publisher relationship in book publishing.

AI Analysis | Feedback

News Corporation (NWSA) operates across several segments, each tapping into substantial addressable markets globally.

Digital Real Estate Services

The global real estate market was valued at approximately USD 4,443.46 billion in 2025 and is projected to grow to USD 4,744.35 billion in 2026. Another estimate placed the global real estate market size at USD 7,517.4 billion in 2025, with a projected increase to USD 8,760.4 billion by 2034. The Asia Pacific region held the largest market share in 2025 (53.4%), followed by North America (21.0%). The global real estate brokerage market, a component of this, was estimated at US$ 792 billion in 2023 and is expected to reach US$ 1,365.7 billion by 2033.

More specifically for digital offerings, the global PropTech (Property Technology) market was valued at USD 25,145.1 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 15.8% by 2030. The global IT in Real Estate market was valued at USD 10.52 billion in 2024 and is expected to reach USD 23.16 billion by 2032. Another source estimated the global IT Real Estate Market size at USD 11,568.17 million in 2024, projected to grow to USD 12,767.34 million by 2025 and exceed USD 15,565.81 million by 2033. The global real estate software market was valued at USD 10,285.7 million in 2023 and is projected to reach USD 21,766.9 million by 2030.

Subscription Video Services

The global pay TV market was estimated at USD 235,293.4 million in 2021 and is projected to reach USD 265,436.1 million by 2028. Another report indicated a global pay TV market size of USD 233.06 billion in 2024, expected to reach USD 266.72 billion by 2033. North America was the largest revenue-generating market for pay TV in 2021, and is forecasted to command the regional market. The Asia Pacific market for pay TV is anticipated to hold a revenue share of USD 54 billion, growing at a CAGR of 2.83%.

The global Subscription Video On Demand (SVOD) market was valued at USD 130.2 billion in 2024, with expectations to expand to USD 237.4 billion by 2030. The broader video streaming market was estimated at USD 129.26 billion in 2024 and is projected to reach USD 416.8 billion by 2030. North America held the largest revenue share in the global video streaming industry in 2024 (31.3%).

Dow Jones (Financial Information Services)

The global financial information services market size was projected to reach USD 44.8 billion by 2032 from an estimated USD 25.9 billion in 2023. Similarly, the global financial data services market was valued at USD 28.1 billion in 2025 and is projected to reach USD 59 billion by the end of 2035. North America is the largest region in the financial data services market, with a 44.3% share in 2024.

Book Publishing

The global book publishing market size was valued at $126.9 billion in 2025. Another assessment valued the global book publishing market at US$ 137.36 billion in 2024, with a forecast to reach US$ 224.14 billion by 2034. The global consumer book publishing market specifically reached USD 70.0 billion in 2024 and is expected to reach USD 76.0 billion by 2033. In 2025, the global Book Publishing Market was valued at USD 104,279.26 million and is expected to reach USD 150,705.51 million by 2034. Asia-Pacific dominates production in the book publishing market.

News Media

The collective global news media revenue for daily and weekly news publications was estimated at $125.7 billion in 2025. The global newspaper publishing market was valued at approximately USD 80.5 billion in 2025. Other reports estimate the global newspaper publishing market at USD 92 billion in 2025, with potential to exceed USD 129.5 billion by 2032, or US$ 88.05 billion in 2024, projected to increase to US$ 146.85 billion by 2034. North America is expected to hold the majority share of the global newspaper publishing market during the forecast period.

AI Analysis | Feedback

News Corporation (NWSA) is expected to drive future revenue growth over the next 2-3 years through several key initiatives across its diverse segments:

  1. Growth in Dow Jones's Professional Information Services: News Corp is focused on accelerating its Dow Jones segment, particularly its Risk & Energy businesses and high-margin enterprise news offerings. The company has outlined a strategic pathway to achieve $1 billion in annual Dow Jones segment EBITDA within five years, representing a 70% increase from fiscal 2025 levels.
  2. Continued Expansion in Digital Real Estate Services: This segment remains a core growth pillar for News Corp, alongside Dow Jones and Book Publishing. Analysts project a 5.9% year-over-year increase in revenue for Digital Real Estate Services in the upcoming quarter.
  3. Increase in Digital-Only Subscriptions and Digital Advertising: News Corp is transitioning into a majority digital enterprise, shifting from advertising dependence to a model centered on recurring digital revenues. Digital circulation revenues constitute a significant portion of overall circulation, with digital-only subscriptions continuing to grow, driven by enterprise customers. Digital advertising, particularly in areas like financial services, is also showing strength.
  4. Acceleration of Direct-to-Consumer Offerings: Within Dow Jones, the company plans to accelerate direct-to-consumer offerings through the introduction of new products and optimized pricing strategies. This initiative aims to enhance revenue by expanding and improving direct consumer engagement.
  5. Monetization Opportunities from AI Models: News Corp anticipates that its revenues and profitability will be enhanced by new monetization opportunities arising from large AI models and various new AI products. This highlights a strategic focus on leveraging its authoritative content in the evolving artificial intelligence landscape.

AI Analysis | Feedback

Capital Allocation Decisions (NWSA)

Share Repurchases

  • News Corporation authorized a new $1 billion stock repurchase program on July 15, 2025.
  • This new authorization supplements an existing $1 billion program approved in September 2021, which had $303 million remaining as of July 15, 2025.
  • As of January 21, 2026, approximately $997.5 million worth of shares had been purchased under the 2021 Repurchase Program. As of March 12, 2026, approximately $108.5 million worth of Class A and Class B shares had been purchased under the 2025 Repurchase Program.

Share Issuance

  • No specific dollar amount of shares issued over the last 3-5 years was found in the provided information.

Inbound Investments

  • News Corp announced a landmark multi-year global partnership with OpenAI in fiscal year 2024.
  • The company also entered into a multiyear artificial intelligence content licensing agreement with Meta Platforms, which could be worth up to $50 million annually for access to News Corp's content from the U.S. and the U.K..
  • No specific large investments made in the company by third-parties (e.g., equity investments) were found in the provided information.

Outbound Investments

  • News Corp completed the sale of its 65% interest in Foxtel to DAZN in April 2025, generating significant cash and securing a minority equity stake in DAZN.
  • The Dow Jones segment's B2B business was bolstered by the acquisitions of Oxford Analytica and Dragonfly Intelligence, contributing to a 15% rise in Dow Jones Risk and Compliance revenue to $337 million.

Capital Expenditures

  • Specific dollar values for capital expenditures for the last 3-5 years were not explicitly provided in the available information. Capital expenditures are mentioned in the definition of free cash flow in financial reports.

Better Bets vs. News (NWSA)

Peer Outperformance in Publishing

NWSA has outperformed 75% of its 4 Publishing peers over 5Y. Publishing ranks 1st of 9 industries in Communication Services by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Publishing constituents that NWSA has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
0%
of 4 industry peers · -0.6% return
3Y
75%
of 4 industry peers · 45.3% return
5Y
75%
of 4 industry peers · 39.4% return
No Publishing peer with a comparable growth profile has beaten NWSA by more than 20pp over 5Y.
Median price return by industry across the Communication Services sector, ranked by 5Y. Publishing is NWSA's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Publishing ← 5 24.9%1.6%34.9% NYT 40% · NWSA 39% · SCHL 35%
Wireless Telecommunication Services 3 -2.2%40.1%34.5% ECHO 266% · TMUS 34% · SHEN -59%
Integrated Telecommunication Services 22 -10.0%9.4%-14.2% IQST 1524% · GSAT 347% · AD 145%
Movies & Entertainment 23 13.5%91.9%-17.4% IMAX 284% · CNK 163% · MSGS 162%
Alternative Carriers 4 49.4%21.3%-38.7% IRDM 30% · UNIT -35% · LUMN -42%
Advertising 18 -5.3%-9.0%-55.1% APP 344% · EVC 73% · OMC 46%
Broadcasting 15 -6.4%-9.9%-67.6% FOXA 97% · NXST 55% · WBD 2%
Interactive Media & Services 31 -26.9%-33.2%-68.2% GOOGL 153% · AREN 100% · META 53%
Interactive Home Entertainment 8 -36.7%-35.7%-88.9% TTWO 47% · RBLX -53% · PINS -57%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

NWSAFOXANYTTRIZGCSGPMedian
NameNews Fox New York.Thomson .Zillow CoStar  
Mkt Price29.4567.9665.96104.9537.4433.7351.70
Mkt Cap16.128.510.746.08.513.614.9
Rev LTM9,02817,1262,9787,8322,8103,5565,694
Op Inc LTM1,1423,4964912,1705077816
FCF LTM8111,4686232,232220227717
FCF 3Y Avg6411,9854752,02018718558
CFO LTM1,2371,9706582,885388497948
CFO 3Y Avg1,0372,3785072,637389427772

Growth & Margins

NWSAFOXANYTTRIZGCSGPMedian
NameNews Fox New York.Thomson .Zillow CoStar  
Rev Chg LTM6.8%5.1%10.8%7.0%17.7%22.0%8.9%
Rev Chg 3Y Avg4.2%5.1%8.0%5.2%14.1%15.4%6.6%
Rev Chg Q10.8%28.1%11.2%9.5%17.9%18.4%14.5%
QoQ Delta Rev Chg LTM2.6%5.7%2.6%2.2%4.3%4.2%3.4%
Op Inc Chg LTM19.5%8.3%20.9%12.0%137.6%1,383.3%20.2%
Op Inc Chg 3Y Avg19.2%9.4%23.7%4.8%60.0%398.2%21.5%
Op Mgn LTM12.6%20.4%16.5%27.7%1.8%2.2%14.6%
Op Mgn 3Y Avg11.1%19.3%14.9%25.5%-4.8%1.6%13.0%
QoQ Delta Op Mgn LTM0.7%0.4%-0.0%1.0%1.3%2.9%0.9%
CFO/Rev LTM13.7%11.5%22.1%36.8%13.8%14.0%13.9%
CFO/Rev 3Y Avg11.9%15.0%18.4%35.6%16.1%14.2%15.6%
FCF/Rev LTM9.0%8.6%20.9%28.5%7.8%6.4%8.8%
FCF/Rev 3Y Avg7.3%12.5%17.3%27.3%7.6%-0.1%10.1%

Valuation

NWSAFOXANYTTRIZGCSGPMedian
NameNews Fox New York.Thomson .Zillow CoStar  
Mkt Cap16.128.510.746.08.513.614.9
P/S1.81.73.65.93.03.83.3
P/Op Inc14.18.121.821.2170.6177.021.5
P/EBIT14.110.621.619.4109.4177.020.5
P/E28.116.927.227.7155.1185.227.9
P/CFO13.014.516.216.022.027.416.1
Total Yield4.8%6.9%4.9%5.9%0.6%0.5%4.8%
Dividend Yield1.3%1.0%1.2%2.3%0.0%0.0%1.1%
FCF Yield 3Y Avg4.3%9.3%4.9%3.6%1.9%0.5%3.9%
D/E0.20.30.00.10.10.10.1
Net D/E0.10.1-0.10.0-0.0-0.00.0

Returns

NWSAFOXANYTTRIZGCSGPMedian
NameNews Fox New York.Thomson .Zillow CoStar  
1M Rtn4.1%18.2%-12.4%10.7%14.0%13.6%12.2%
3M Rtn14.3%6.0%-11.0%23.8%1.4%-0.8%3.7%
6M Rtn26.7%19.5%-12.1%24.2%-16.7%-31.1%3.7%
12M Rtn-0.6%18.0%11.8%-38.5%-53.2%-62.1%-19.5%
3Y Rtn45.3%111.0%58.5%-12.6%-24.3%-56.9%16.3%
1M Excs Rtn4.3%15.4%-14.3%13.8%15.1%15.7%14.5%
3M Excs Rtn7.4%0.5%-16.9%17.0%-2.0%-5.0%-0.8%
6M Excs Rtn14.6%7.4%-24.1%12.2%-28.7%-43.1%-8.3%
12M Excs Rtn-19.0%-0.3%-6.9%-57.0%-73.2%-81.3%-38.0%
3Y Excs Rtn-32.2%36.9%-16.6%-88.2%-103.6%-130.2%-60.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Dow Jones2,3312,2312,1532,0041,702
News Media2,1702,2702,3412,4232,205
Book Publishing2,1492,0931,9792,1911,985
Digital Real Estate Services1,8021,6581,5391,7411,393
Other00001
Subscription Video Services   2,0262,072
Total8,4528,2528,01210,3859,358


Operating Income by Segment
$ Mil20252024202320222021
Digital Real Estate Services601508457574514
Dow Jones588542494433332
Book Publishing296269167306303
News Media15313317321752
Other-223-211-202-221-287
Depreciation and amortization-459-440-415-688-680
Subscription Video Services   360359
Total956801674981593


Assets by Segment
$ Mil20252024202320222021
Dow Jones4,1344,1394,3054,3682,798
Digital Real Estate Services3,2023,0202,9422,9893,146
Book Publishing2,7672,6472,6292,6512,713
Other2,2831,8581,7831,5282,039
News Media2,1022,0182,0232,1152,209
Investments1,016429427488351
Assets from discontinued operations 2,573   
Subscription Video Services  2,8123,0823,515
Total15,50416,68416,92117,22116,771


Price Behavior

Price Behavior
Market Price$29.45 
Market Cap ($ Bil)16.3 
First Trading Date06/19/2013 
Distance from 52W High-4.7% 
   50 Days200 Days
DMA Price$27.28$25.89
DMA Trendindeterminateup
Distance from DMA8.0%13.7%
 3M1YR
Volatility29.4%26.7%
Downside Capture-94.3132.97
Upside Capture-16.6024.89
Correlation (SPY)-19.2%14.2%
NWSA Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta-0.47-0.52-0.400.040.320.72
Up Beta-2.75-1.53-1.08-0.53-0.090.71
Down Beta1.260.120.230.570.540.75
Up Capture44%-27%-24%9%22%42%
Bmk +ve Days11223567138427
Stock +ve Days11212863125385
Down Capture-126%-69%-68%5%54%90%
Bmk -ve Days11212859114326
Stock -ve Days10213462125359

[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 NWSA
NWSA0.5%26.7%-0.01-
Sector ETF (XLC)1.5%15.1%-0.1148.3%
Equity (SPY)20.7%12.8%1.1914.2%
Gold (GLD)35.0%28.8%1.04-5.5%
Commodities (DBC)41.4%20.2%1.60-14.9%
Real Estate (VNQ)15.3%13.9%0.7828.7%
Bitcoin (BTCUSD)-44.7%42.7%-1.276.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NWSA
NWSA5.0%27.5%0.18-
Sector ETF (XLC)7.1%20.9%0.2560.8%
Equity (SPY)13.1%17.2%0.5956.3%
Gold (GLD)20.4%18.6%0.893.5%
Commodities (DBC)9.8%19.6%0.398.1%
Real Estate (VNQ)2.4%18.9%0.0348.5%
Bitcoin (BTCUSD)7.2%52.6%0.3224.3%

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 NWSA
NWSA9.5%29.4%0.36-
Sector ETF (XLC)9.2%22.2%0.4658.5%
Equity (SPY)15.2%17.9%0.7258.7%
Gold (GLD)12.5%16.2%0.631.4%
Commodities (DBC)7.9%18.1%0.3518.2%
Real Estate (VNQ)4.9%20.7%0.2049.0%
Bitcoin (BTCUSD)60.0%66.0%1.0016.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity12.0 Mil
Short Interest: % Change Since 7152026-3.1%
Average Daily Volume3.3 Mil
Days-to-Cover Short Interest3.7 days
Basic Shares Quantity546.6 Mil
Short % of Basic Shares2.2%

Earnings Returns History

Updated 8/18/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/20262.1%-1.3% 
5/7/2026-0.1%-2.9%0.1%
2/5/2026-7.1%-7.5%1.4%
11/6/20256.5%4.7%3.5%
8/5/20250.5%-1.6%0.0%
5/8/2025-1.5%-1.2%-2.5%
2/5/2025-1.0%2.0%-2.8%
11/7/20241.2%-0.2%0.8%
...
SUMMARY STATS   
# Positive161514
# Negative91010
Median Positive4.6%6.2%4.9%
Median Negative-1.7%-2.3%-4.9%
Max Positive8.5%17.1%32.1%
Max Negative-13.3%-11.9%-24.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/20262.1%-1.3% 
5/7/2026-0.1%-2.9%0.1%
2/5/2026-7.1%-7.5%1.4%
11/6/20256.5%4.7%3.5%
8/5/20250.5%-1.6%0.0%
5/8/2025-1.5%-1.2%-2.5%
2/5/2025-1.0%2.0%-2.8%
11/7/20241.2%-0.2%0.8%
8/8/20243.6%3.0%-0.7%
5/8/20242.7%7.7%12.6%
2/7/20246.5%7.2%8.5%
11/9/2023-1.7%-1.0%3.7%
8/10/20234.6%2.3%3.6%
5/11/20238.5%12.1%13.5%
2/9/2023-9.4%-9.2%-24.2%
11/8/2022-5.4%6.2%6.2%
8/8/20225.2%6.4%-3.2%
5/5/2022-13.3%-11.9%-11.9%
2/3/20220.2%3.3%-9.7%
11/4/20213.8%0.6%-6.7%
8/5/2021-0.5%-3.5%-9.2%
5/6/20215.5%1.0%-0.6%
2/4/20214.5%13.5%19.4%
11/5/20208.3%17.1%32.1%
8/6/20206.1%13.2%10.7%
SUMMARY STATS   
# Positive161514
# Negative91010
Median Positive4.6%6.2%4.9%
Median Negative-1.7%-2.3%-4.9%
Max Positive8.5%17.1%32.1%
Max Negative-13.3%-11.9%-24.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/07/202610-K
03/31/202605/08/202610-Q
12/31/202502/06/202610-Q
09/30/202511/07/202510-Q
06/30/202508/06/202510-K
03/31/202505/09/202510-Q
12/31/202402/06/202510-Q
09/30/202411/08/202410-Q
06/30/202408/13/202410-K
03/31/202405/09/202410-Q
12/31/202302/08/202410-Q
09/30/202311/09/202310-Q
06/30/202308/15/202310-K
03/31/202305/12/202310-Q
12/31/202202/10/202310-Q
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/07/202610-K
03/31/202605/08/202610-Q
12/31/202502/06/202610-Q
09/30/202511/07/202510-Q
06/30/202508/06/202510-K
03/31/202505/09/202510-Q
12/31/202402/06/202510-Q
09/30/202411/08/202410-Q
06/30/202408/13/202410-K
03/31/202405/09/202410-Q
12/31/202302/08/202410-Q
09/30/202311/09/202310-Q
06/30/202308/15/202310-K
03/31/202305/12/202310-Q
12/31/202202/10/202310-Q
09/30/202211/09/202210-Q
06/30/202208/12/202210-K
03/31/202205/06/202210-Q
12/31/202102/04/202210-Q
09/30/202111/05/202110-Q
06/30/202108/10/202110-K
03/31/202105/07/202110-Q
12/31/202002/05/202110-Q
09/30/202011/06/202010-Q
06/30/202008/11/202010-K
03/31/202005/08/202010-Q
12/31/201902/07/202010-Q
09/30/201911/08/201910-Q

Insider Activity

Updated 8/18/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Delany, JulianChief Technology OfficerDirectSell818202628.721,747  Form
2Allen, RuthChief Human Resources OfficerDirectSell818202628.9921,521  Form
3Pitofsky, David BGeneral CounselDirectSell818202628.7651,4231,478,9252,395,449Form
4Chandrashekar, LavanyaChief Financial OfficerDirectSell818202628.6617,785  Form
5Degrazio, MarygraceChief Accounting OfficerDirectSell818202628.7618,303526,394747,904Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Delany, JulianChief Technology OfficerDirectSell818202628.721,747  Form
2Allen, RuthChief Human Resources OfficerDirectSell818202628.9921,521  Form
3Pitofsky, David BGeneral CounselDirectSell818202628.7651,4231,478,9252,395,449Form
4Chandrashekar, LavanyaChief Financial OfficerDirectSell818202628.6617,785  Form
5Degrazio, MarygraceChief Accounting OfficerDirectSell818202628.7618,303526,394747,904Form
6Lgc, Holdco, Llc DirectBuy91220250.007,125  Form
7Lgc, Holdco, Llc DirectBuy91220250.0024,256,641  Form
8Mft, Sh Family Trust DirectSell910202533.997,125  Form
9Mft, Sh Family Trust DirectSell910202533.2538,327,934  Form
10Degrazio, MarygraceChief Accounting OfficerDirectSell819202529.9410,582316,825650,357Form
11Allen, RuthChief Human Resources OfficerDirectSell819202529.4419,968  Form
12Pitofsky, David BGeneral CounselDirectSell819202529.7343,6351,297,1422,476,000Form

Investor Activity (13F)

Updated Aug 20, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Northern Right Capital Management, L.P.$38.9 Mil13.8%25ADD +15.2%13F
59 North Capital Management, LP$354.0 Mil10.6%17TRIM -7.4%13F
Metropolis Capital Ltd$249.8 Mil8.4%16ADD +25.5%13F
Independent Franchise Partners LLP$1.0 Bil7.2%26Hold13F
L1 Capital Pty Ltd$120.7 Mil4.7%22Hold13F
Starboard Value LP$213.6 Mil4.7%23TRIM -20.7%13F
Deltroit Asset Management (UK) LLP$11.6 Mil2.0%39TRIM -7.6%13F
Irenic Capital Management LP$16.9 Mil1.5%42Hold13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Metropolis Capital Ltd$249.8 Mil8.4%16ADD +25.5%13F
Northern Right Capital Management, L.P.$38.9 Mil13.8%25ADD +15.2%13F
Active ManagerValue% of PortfolioTotal PositionsQoQAs OfFiling
Rivermont Capital Management LP$20.2 Mil4.8%22ExitedDec 31, 202513F
Starboard Value LP$213.6 Mil4.7%23TRIM -20.7%Mar 31, 202613F
Deltroit Asset Management (UK) LLP$11.6 Mil2.0%39TRIM -7.6%Mar 31, 202613F
59 North Capital Management, LP$354.0 Mil10.6%17TRIM -7.4%Mar 31, 202613F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Independent Franchise Partners LLP$1.0 Bil7.2%26Hold13F
59 North Capital Management, LP$354.0 Mil10.6%17TRIM -7.4%13F
Metropolis Capital Ltd$249.8 Mil8.4%16ADD +25.5%13F
Starboard Value LP$213.6 Mil4.7%23TRIM -20.7%13F
L1 Capital Pty Ltd$120.7 Mil4.7%22Hold13F
Northern Right Capital Management, L.P.$38.9 Mil13.8%25ADD +15.2%13F
Irenic Capital Management LP$16.9 Mil1.5%42Hold13F
Deltroit Asset Management (UK) LLP$11.6 Mil2.0%39TRIM -7.6%13F
Core Cache Last Updated: 8/19/2026