NWS
FY2026 Q3 · Calendar Q2 2026
News Corporation
News Corp delivered its 12th consecutive quarter of profitability growth, with revenue rising 9% to $2.19 billion and segment EBITDA up 18% to $343 million. The company beat consensus on both lines: EPS of $0.21 versus a $0.19 estimate (11.5% surprise) and revenue of $2.19 billion versus $2.12 billion estimated (3.2% surprise). All three strategic pillars—Dow Jones, Digital Real Estate Services, and Book Publishing—posted double-digit profit gains. AI has shifted from an emerging opportunity to a core strategic lever, with new partnerships with Meta and OpenAI, including a realtor.com app integrated into ChatGPT, alongside a pending $1.5 billion Anthropic IP settlement. The company repurchased $193 million of stock in the quarter and expressed confidence in a robust Q4 despite elevated mortgage rates and geopolitical uncertainty. Management tone was confident and guidance was maintained.
EPS surprise+11.5%
Market move+1.5%
