10-Q · February 6, 2025
News Corporation reported Q2 revenues of $2,238 million, up from $2,135 million a year earlier, and net income attributable to News Corp stockholders of $215 million (diluted EPS $0.38) vs. $156 million (diluted EPS…
Earnings analysis · 10-Q
NWS earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
News Corporation reported strong Q3 results with revenues of $2.185 billion, up 9% from the prior year, and EPS of $0.21, exceeding estimates. The company also raised its Q4 guidance, anticipating revenues between $2.4…
Read full summary
News Corporation reported strong Q3 results with revenues of $2.185 billion, up 9% from the prior year, and EPS of $0.21, exceeding estimates. The company also raised its Q4 guidance, anticipating revenues between $2.4 billion and $2.6 billion, alongside an EPS expected to be between $0.22 and $0.26, reflecting robust performance particularly in Digital Real Estate Services and Dow Jones segments.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.21
- Segment
- Dow Jones
- Segment
- Digital Real Estate Services
- Segment
- Book Publishing
- Segment
- News Media
What stood out
-
Revenue Growth of 9% YoY
Revenue increased to $2.185 billion from $2.009 billion in Q3 2025.
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EPS Beat Estimates
Reported EPS was $0.21, surpassing estimates of $0.19, a surprise of 10.5%.
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Strong Q4 Guidance Provided
Management expects Q4 revenue between $2.4B-$2.6B and EPS of $0.22-$0.26.
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Digital Real Estate Growth
Digital Real Estate Services grew by 17% year-over-year, showing increased demand.
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Dow Jones Segment Revenue Rise
Dow Jones revenues grew by 8% to $619 million, led by circulation and subscription increases.
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Free Cash Flow Remains Strong
Free cash flow for the nine months ended March 31, 2026 was $535 million, down slightly from $539 million.
What to watch
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Declining Net Income from Continuing Ops
Net income decreased 12% YoY to $121 million from $137 million, indicating pressure on profitability.
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Lower Segment EBITDA in News Media
News Media segment EBITDA dropped 55% in Q3 2026, attributed to high costs and lower contributions.
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Geopolitical Tension Monitoring
Ongoing geopolitical tensions are being closely watched as they could impact future performance.
Management's outlook
Management anticipates robust growth driven by key segments.
Earlier filings 2
10-Q · May 9, 2024
News Corp reported Q3 revenue of $2,423.0M, down $24.0M (-1.0%) year-over-year, while net income attributable to stockholders fell to $30M ($0.05 per share) from $50M ($0.09) a year ago. Operating profitability…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.