News Corporation · NWS · FY2025 Q3 · Calendar Q2 2025

News Corp refocuses after Foxtel sale as digital growth supports fiscal Q3

The supplied analysis supports a constructive operating thesis: digital subscriptions, higher ARPU, professional-information demand, and lower capital intensity were presented as growth and margin supports. The thesis remains conditional because reported and consensus figures were unavailable and key risks include Factiva, advertising, and churn exposure.

Reported Before market openNASDAQCommunication Services $17.52B market cap
70quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.22
EPS surprise — Reported versus consensus
Reported revenue — Consensus $2.00B
Revenue surprise — Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -0.5% Event window
SPY move +0.7% Same window
Abnormal move -1.2% Stock minus SPY
Volume 1.2× Versus trailing sessions
Subsequent drift -2.0% Up to 20 sessions
NWSSPY benchmark

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Transcript, numbers and history already loaded
What drove NWS's -0.5% move after FY2025 Q3 earnings?What changed in NWS's guidance and outlook in FY2025 Q3?Give me the bull and bear case for NWS after FY2025 Q3 earnings.

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Transcript intelligence

What changed

News Corp completed the Foxtel sale, reducing debt and adding a DAZN equity stake, while management described a sharper focus on Dow Jones, Digital Real Estate Services, and Book Publishing. The analysis also highlighted OpenAI and other commercial partnerships, continued product expansion, and a $1 billion buyback.

Guidance delta

No formal guidance change was provided in the supplied analysis.

Key takeaways

  • Management highlighted digital subscription growth, higher ARPU, and demand for professional information.
  • The Foxtel sale sharpened focus on Dow Jones, Digital Real Estate Services, and Book Publishing.
  • Management emphasized product expansion, AI partnerships, cost discipline, and shareholder returns.

Management priorities

  • Expand Dow Jones risk-and-compliance and energy analytics products.
  • Support Realtor.com growth with a planned Q4 advertising campaign.
  • Maintain modest capital spending while investing in product development and partnerships.

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Earnings History

Estimate Beat Miss Match
NWS EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q3 '24 estimate $0.11 Q3 '24 actual $0.11, match Q4 '24 estimate $0.16 Q4 '24 actual $0.17, beat Q1 '25 actual $0.21, None Q4 '25 estimate $0.20 Q4 '25 actual $0.19, match Q1 '26 estimate $0.19 Q1 '26 actual $0.22, beat Q2 '26 estimate $0.25 Q2 '26 actual $0.40, beat Q3 '26 estimate $0.19 Q3 '26 actual $0.21, beat Q4 '26 estimate $0.23 Q4 '26 actual $0.35, beat Q1 '27 estimate $0.26 Q2 '27 estimate $0.44 Q3 '27 estimate $0.25
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Analyst Consensus ?

ConsensusBuy33 ratings
Bullish2163.6%
Neutral927.3%
Bearish39.1%

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
JP Morgan Overweight OverweightMaintainAug 20, 2023
Guggenheim Buy BuyMaintainAug 13, 2023
Loop Capital Buy HoldUpgradeJan 24, 2023
Macquarie Neutral OutperformDowngradeJul 27, 2022
UBS Buy NeutralUpgradeJul 25, 2021
Credit Suisse Outperform NeutralUpgradeAug 11, 2019
Goldman Sachs Buy NeutralUpgradeOct 8, 2018
Morgan Stanley Underweight Equal WeightDowngradeAug 19, 2018
Citigroup Buy NeutralUpgradeJul 26, 2017
Rosenblatt Buy BuyMaintainJul 14, 2017
CLSA Outperform BuyMaintainNov 7, 2016
Bank of America Underperform NeutralDowngradeOct 27, 2016
B of A Securities Underperform NeutralDowngradeOct 27, 2016
Wells Fargo Perform OutperformDowngradeNov 9, 2015
Jefferies Buy BuyMaintainNov 6, 2014
S&P Capital IQ Hold BuyDowngradeDec 16, 2013
FBR Capital Perform Market PerformMaintainNov 5, 2013
Evercore Partners Equal Weight Equal WeightMaintainOct 1, 2013
Deutsche Bank Buy BuyMaintainJul 8, 2013
Lazard Neutral NeutralMaintainJul 1, 2013
BTIG Research Neutral BuyDowngradeJun 19, 2013
BTIG Neutral BuyDowngradeJun 18, 2013
CIMB Neutral NeutralMaintainJun 13, 2013
Wunderlich Buy BuyMaintainMay 9, 2013
Wunderlich Securities Buy BuyMaintainMay 8, 2013
Nomura Buy BuyMaintainFeb 6, 2013
Bernstein Outperform Market PerformUpgradeJan 9, 2013
Canaccord Genuity Buy BuyMaintainDec 18, 2012
Shaw Stockbroking Buy HoldUpgradeNov 12, 2012
Barclays Overweight OverweightMaintainOct 1, 2012
Wedbush Outperform OutperformMaintainAug 8, 2012
Miller Tabak Buy BuyMaintainJun 27, 2012
Needham Buy HoldUpgradeJun 26, 2012
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Company context

Snapshot as of publication

News Corporation stands as a leading global enterprise in media and information services, dedicated to creating and distributing compelling, authoritative content, alongside a variety of products and services, for consumers and businesses worldwide. Its extensive operations are segmented into six core areas: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The company disseminates a rich array of content and data products, including renowned titles like The Wall Street Journal, Barron's, MarketWatch, and Factiva, through diverse mediums such as print newspapers, websites, mobile applications, proprietary databases, video, and podcasts.…

Historical context

All NWS earnings
+1.5%FY2026 Q3 · Calendar Q2 2026-6.4%FY2026 Q2 · Calendar Q1 2026+6.4%FY2026 Q1 · Calendar Q4 2025

Latest beats and misses

Who reports next

Beat on EPS

Missed on EPS

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-04-26T21:28:16.157406+00:00
  3. Polygon adjusted daily market bars · 2026-10-10T02:40:41.453400+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-10. For educational purposes only; not investment advice.