News (NWSA)
Market Price (12/20/2025): $25.96 | Market Cap: $14.7 BilSector: Communication Services | Industry: Publishing
News (NWSA)
Market Price (12/20/2025): $25.96Market Cap: $14.7 BilSector: Communication ServicesIndustry: Publishing
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.1% | Weak multi-year price returns2Y Excs Rtn is -32%, 3Y Excs Rtn is -28% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.6% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% | Key risksNWSA 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. | |
| Low stock price volatilityVol 12M is 24% | ||
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, E-commerce & Digital Retail, and Digital Advertising. Themes include Video Streaming, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.1% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Low stock price volatilityVol 12M is 24% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, E-commerce & Digital Retail, and Digital Advertising. Themes include Video Streaming, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -32%, 3Y Excs Rtn is -28% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.6% |
| Key risksNWSA 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. |
Valuation, Metrics & Events
NWSA Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
**1. News Corp's Underperformance Against Broader Market and Sector ETFs**
News Corp's stock notably underperformed the broader market and sector-specific exchange-traded funds during 2025. As of November 10, 2025, NWSA stock prices had declined 3% year-to-date and 8.4% over the preceding 52 weeks. This contrasted sharply with the S&P 500 Index's 14.4% gains in 2025 and 12.7% returns over the past year, and also lagged the Communication Services Select Sector SPDR ETF Fund's performance. This sustained underperformance relative to market benchmarks could have contributed to a negative investor outlook and downward pressure on the stock.
**2. Structural Headwinds in News Media and Book Publishing Segments**
The company continued to face "material structural headwinds" in its traditional News Media and Book Publishing segments. These segments experienced lower revenues, a trend attributed to consumers migrating from traditional print media to digital platforms, which in turn impacted advertising revenues. Despite growth in other areas, the ongoing challenges in these core publishing businesses likely weighed on investor sentiment.
**3. Analyst Downgrade in Early August 2025**
Shortly after the start of the specified period, on August 6, 2025, Macquarie downgraded News Corp's stock rating from "Buy" to "Hold," setting a price target of $33. While the overall consensus rating for NWSA remained a "Moderate Buy" among analysts, this specific downgrade could have contributed to initial negative sentiment and put downward pressure on the stock price.
**4. Concerns Regarding the Housing Market Impacting Digital Real Estate Services**
News Corp's Digital Real Estate Services segment, which includes businesses like Realtor.com® and REA Group, is a significant growth pillar for the company. Although REA Group showed resilience in Q4 Fiscal Year 2025, there were indications of "softening listings" in Australia. Furthermore, reports from Realtor.com® later in the period highlighted challenges in the U.S. housing market, such as the impact of rising mortgage rates on flipped homes and broader affordability concerns. Such trends in a key growth area could have fueled investor apprehension about future performance, contributing to a stock decline.
**5. Forecasted Decline in Future Earnings Growth**
Despite reporting solid Q1 Fiscal Year 2026 results which led to a single-session stock surge, analyst forecasts indicated a challenging outlook for News Corp's long-term earnings growth. Analysts projected NWSA's annual earnings growth rate for 2026-2028 to be -14.47%, which was not expected to surpass the average forecast earnings growth rates for either the U.S. Entertainment industry or the broader U.S. market. This negative long-term earnings growth forecast could have created underlying bearish sentiment, overriding some short-term positive news and contributing to a stock price decline over the period.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NWSA Return | 29% | 25% | -18% | 36% | 13% | -4% | 97% |
| Peers Return | 62% | 0% | -21% | 35% | 18% | 11% | 128% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| NWSA Win Rate | 50% | 58% | 33% | 83% | 67% | 58% | |
| Peers Win Rate | 65% | 53% | 40% | 57% | 45% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| NWSA Max Drawdown | -42% | 0% | -32% | -14% | -4% | -13% | |
| Peers Max Drawdown | -29% | -22% | -35% | -4% | -14% | -12% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[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] 2025 data is for the year up to 12/19/2025 (YTD)
How Low Can It Go
| Event | NWSA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -45.9% | -25.4% |
| % Gain to Breakeven | 84.9% | 34.1% |
| Time to Breakeven | 617 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -45.1% | -33.9% |
| % Gain to Breakeven | 82.3% | 51.3% |
| Time to Breakeven | 131 days | 148 days |
| 2018 Correction | ||
| % Loss | -36.9% | -19.8% |
| % Gain to Breakeven | 58.4% | 24.7% |
| Time to Breakeven | 693 days | 120 days |
Compare to DIS, NYT, IPG, AXR, TDAY
In The Past
News's stock fell -45.9% during the 2022 Inflation Shock from a high on 5/11/2021. A -45.9% loss requires a 84.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
Trade Ideas
Select past ideas related to NWSA. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.2% | -0.2% | -1.4% | |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -5.6% | -5.6% | -6.4% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -3.1% | -3.1% | -5.1% |
| 11072025 | IRDM | Iridium Communications | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.4% | 2.4% | -5.6% |
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -27.7% | -27.7% | -29.8% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.2% | -0.2% | -1.4% | |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -5.6% | -5.6% | -6.4% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -3.1% | -3.1% | -5.1% |
| 11072025 | IRDM | Iridium Communications | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.4% | 2.4% | -5.6% |
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -27.7% | -27.7% | -29.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for News
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 69.38 |
| Mkt Cap | 21.9 |
| Rev LTM | 5,216 |
| Op Inc LTM | 699 |
| FCF LTM | 558 |
| FCF 3Y Avg | 449 |
| CFO LTM | 783 |
| CFO 3Y Avg | 683 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.5% |
| Rev Chg 3Y Avg | 6.3% |
| Rev Chg Q | 7.2% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Mgn LTM | 13.5% |
| Op Mgn 3Y Avg | 11.8% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 17.6% |
| CFO/Rev 3Y Avg | 16.5% |
| FCF/Rev LTM | 11.5% |
| FCF/Rev 3Y Avg | 10.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 21.9 |
| P/S | 5.4 |
| P/EBIT | 12.2 |
| P/E | 24.7 |
| P/CFO | 22.1 |
| Total Yield | 4.2% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 3.1% |
| D/E | 0.0 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.1% |
| 3M Rtn | -16.7% |
| 6M Rtn | -2.8% |
| 12M Rtn | -5.0% |
| 3Y Rtn | 80.5% |
| 1M Excs Rtn | 0.2% |
| 3M Excs Rtn | -16.3% |
| 6M Excs Rtn | -17.7% |
| 12M Excs Rtn | -21.9% |
| 3Y Excs Rtn | -7.9% |
Comparison Analyses
Segment Financials
Assets by Segment
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dow Jones | 4,139 | 4,305 | 4,368 | 2,798 | 2,480 |
| Digital Real Estate Services | 3,020 | 2,942 | 2,989 | 3,146 | 2,322 |
| Book Publishing | 2,647 | 2,629 | 2,651 | 2,713 | 2,212 |
| Subscription Video Services | 2,587 | 2,812 | 3,082 | 3,515 | 3,459 |
| News Media | 2,003 | 2,023 | 2,115 | 2,209 | 1,994 |
| Other | 1,858 | 1,783 | 1,528 | 2,039 | 1,497 |
| Investments | 430 | 427 | 488 | 351 | 297 |
| Total | 16,684 | 16,921 | 17,221 | 16,771 | 14,261 |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 6.5% | 4.7% | 3.5% |
| 8/5/2025 | 0.5% | -1.6% | 0.4% |
| 5/8/2025 | -1.5% | -1.2% | -2.5% |
| 2/5/2025 | -1.0% | 2.0% | -2.8% |
| 11/7/2024 | 1.2% | -0.2% | 0.8% |
| 8/8/2024 | 3.6% | 3.0% | -0.7% |
| 5/8/2024 | 2.7% | 7.7% | 12.6% |
| 2/7/2024 | 6.5% | 7.2% | 8.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 16 | 13 |
| # Negative | 8 | 8 | 11 |
| Median Positive | 4.9% | 6.3% | 8.5% |
| Median Negative | -1.8% | -1.4% | -6.7% |
| Max Positive | 13.3% | 17.1% | 38.4% |
| Max Negative | -13.3% | -11.9% | -29.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11072025 | 10-Q 9/30/2025 |
| 6302025 | 8062025 | 10-K 6/30/2025 |
| 3312025 | 5092025 | 10-Q 3/31/2025 |
| 12312024 | 2062025 | 10-Q 12/31/2024 |
| 9302024 | 11082024 | 10-Q 9/30/2024 |
| 6302024 | 8132024 | 10-K 6/30/2024 |
| 3312024 | 5092024 | 10-Q 3/31/2024 |
| 12312023 | 2082024 | 10-Q 12/31/2023 |
| 9302023 | 11092023 | 10-Q 9/30/2023 |
| 6302023 | 8152023 | 10-K 6/30/2023 |
| 3312023 | 5122023 | 10-Q 3/31/2023 |
| 12312022 | 2102023 | 10-Q 12/31/2022 |
| 9302022 | 11092022 | 10-Q 9/30/2022 |
| 6302022 | 8122022 | 10-K 6/30/2022 |
| 3312022 | 5062022 | 10-Q 3/31/2022 |
| 12312021 | 2042022 | 10-Q 12/31/2021 |
External Quote Links
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| SeekingAlpha | ValueLine |
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| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |