News Corporation · NWS · FY2026 Q1 · Calendar Q4 2025

News Corp: Digital Growth Offsets Publishing Weakness

The quarter supports a mixed but constructive operating picture: digital subscriptions, Risk & Compliance and Digital Real Estate provided growth, while Book Publishing and macro-sensitive real estate remain important offsets. The evidence supports monitoring execution rather than assuming broad-based earnings strength.

Reported After market closeNASDAQCommunication Services $17.36B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.22 Consensus $0.19
EPS surprise +13.5% Reported versus consensus
Reported revenue $2.14B Consensus $2.11B
Revenue surprise +1.6% Reported versus consensus

Market reaction

event-close to next-session close
Stock move +6.4% Event window
SPY move +0.1% Same window
Abnormal move +6.3% Stock minus SPY
Volume 0.9× Versus trailing sessions
Subsequent drift -3.2% Up to 20 sessions
NWSSPY benchmark

Ask FN2 about NWS FY2026 Q1

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Why did NWS rise 6.4% after beating EPS estimates in FY2026 Q1?What changed in NWS's guidance and outlook in FY2026 Q1?Give me the bull and bear case for NWS after FY2026 Q1 earnings.

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Transcript intelligence

What changed

The current analysis adds a 2% revenue increase, 16% Risk & Compliance growth, 9% Digital Real Estate growth, the Eco-Movement acquisition, and an accelerated buyback pace. Book Publishing was still weak but showed early recovery after a write-off.

Guidance delta

Management guidance sentiment was maintained; no specific guidance figures were supplied.

Key takeaways

  • Revenue increased 2%, supported by Dow Jones, Digital Real Estate and digital subscriptions.
  • Risk & Compliance revenue grew 16% and Digital Real Estate revenue grew 9%.
  • Book Publishing remained weak, while management pointed to early recovery and strategic data and AI initiatives.

Management priorities

  • Expand Risk & Compliance, digital subscriptions and digital advertising.
  • Develop Factiva GenAI capabilities and pursue additional AI partnerships.
  • Grow Realtor.com offerings while investing in HarperCollins logistics and testing WSJ pricing.

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Earnings History

Estimate Beat Miss Match
NWS REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q2 '24 actual $3B, None Q3 '24 estimate $2B Q3 '24 actual $2B, miss Q4 '24 estimate $2B Q4 '24 actual $3B, beat Q1 '25 estimate $3B Q1 '25 actual $3B, match Q4 '25 estimate $2B Q4 '25 actual $2B, beat Q1 '26 estimate $2B Q1 '26 actual $2B, beat Q2 '26 estimate $2B Q2 '26 actual $2B, beat Q3 '26 estimate $2B Q3 '26 actual $2B, beat Q4 '26 estimate $2B Q4 '26 actual $2B, beat Q1 '27 estimate $2B Q2 '27 estimate $2B Q3 '27 estimate $2B
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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
Show 28 more rating actions

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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

Latest beats and misses

Who reports next

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
  3. Polygon adjusted daily market bars · 2026-10-01T18:26:07.566357+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 2026-10-01. For educational purposes only; not investment advice.