Analyst Consensus ?
ConsensusBuy33 ratings
Bullish2163.6%
Neutral927.3%
Bearish39.1%
News Corporation · NWS · FY2026 Q2 · Calendar Q1 2026
News Corp: Dow Jones and digital real estate lead Q2 growth
The call provides evidence for the view that resilient demand and earnings growth could support News Corp over the next year: management described growth in Dow Jones and digital real estate, robust cash generation and expanding AI licensing. The case remains conditional because housing, advertising, content-rights disputes and capital allocation could weaken results.
Reported After market closeNASDAQCommunication Services
$17.09B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.40
Consensus $0.25
EPS surprise
+60.0%
Reported versus consensus
Reported revenue
$2.36B
Consensus $2.31B
Revenue surprise
+2.4%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-6.4%
Event window
SPY move
+1.9%
Same window
Abnormal move
-8.3%
Stock minus SPY
Volume
2.7×
Versus trailing sessions
Subsequent drift
+8.0%
Up to 20 sessions
NWSSPY benchmark
Ask FN2 about NWS FY2026 Q2
Transcript, numbers and history already loaded
Why did NWS fall 6.4% after beating EPS estimates in FY2026 Q2?What changed in NWS's guidance and outlook in FY2026 Q2?Give me the bull and bear case for NWS after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management highlighted new AI licensing deals with OpenAI and an expanded Bloomberg agreement, the California Post launch and realtor.com plus. The company also reported stronger Q2 growth led by Dow Jones and digital real estate, while continuing its buyback and maintaining guidance sentiment.
Guidance delta
Maintained; management tone was confident.
Key takeaways
- Management said revenue and EBITDA growth were led by Dow Jones and digital real estate services.
- AI content licensing emerged as a significant new revenue stream, with deals involving OpenAI and Bloomberg.
- Strong cash generation supported an accelerated share buyback and greater financial flexibility.
- Housing softness, advertising cyclicality and competitive pressure remain key offsets.
Management priorities
- Expand Dow Jones B2B risk and compliance services
- Develop AI partnerships and rights deals for content licensing
- Launch realtor.com plus with the National Association of Realtors
- Continue share repurchases and consider acceleration in the second half of FY2026
- Develop premium content offerings and protect intellectual property
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Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | Aug 20, 2023 |
| Guggenheim | Buy | Buy | Maintain | Aug 13, 2023 |
| Loop Capital | Buy | Hold | Upgrade | Jan 24, 2023 |
| Macquarie | Neutral | Outperform | Downgrade | Jul 27, 2022 |
| UBS | Buy | Neutral | Upgrade | Jul 25, 2021 |
| Credit Suisse | Outperform | Neutral | Upgrade | Aug 11, 2019 |
| Goldman Sachs | Buy | Neutral | Upgrade | Oct 8, 2018 |
| Morgan Stanley | Underweight | Equal Weight | Downgrade | Aug 19, 2018 |
| Citigroup | Buy | Neutral | Upgrade | Jul 26, 2017 |
| Rosenblatt | Buy | Buy | Maintain | Jul 14, 2017 |
| CLSA | Outperform | Buy | Maintain | Nov 7, 2016 |
| Bank of America | Underperform | Neutral | Downgrade | Oct 27, 2016 |
| B of A Securities | Underperform | Neutral | Downgrade | Oct 27, 2016 |
| Wells Fargo | Perform | Outperform | Downgrade | Nov 9, 2015 |
| Jefferies | Buy | Buy | Maintain | Nov 6, 2014 |
| S&P Capital IQ | Hold | Buy | Downgrade | Dec 16, 2013 |
| FBR Capital | Perform | Market Perform | Maintain | Nov 5, 2013 |
| Evercore Partners | Equal Weight | Equal Weight | Maintain | Oct 1, 2013 |
| Deutsche Bank | Buy | Buy | Maintain | Jul 8, 2013 |
| Lazard | Neutral | Neutral | Maintain | Jul 1, 2013 |
| BTIG Research | Neutral | Buy | Downgrade | Jun 19, 2013 |
| BTIG | Neutral | Buy | Downgrade | Jun 18, 2013 |
| CIMB | Neutral | Neutral | Maintain | Jun 13, 2013 |
| Wunderlich | Buy | Buy | Maintain | May 9, 2013 |
| Wunderlich Securities | Buy | Buy | Maintain | May 8, 2013 |
| Nomura | Buy | Buy | Maintain | Feb 6, 2013 |
| Bernstein | Outperform | Market Perform | Upgrade | Jan 9, 2013 |
| Canaccord Genuity | Buy | Buy | Maintain | Dec 18, 2012 |
| Shaw Stockbroking | Buy | Hold | Upgrade | Nov 12, 2012 |
| Barclays | Overweight | Overweight | Maintain | Oct 1, 2012 |
| Wedbush | Outperform | Outperform | Maintain | Aug 8, 2012 |
| Miller Tabak | Buy | Buy | Maintain | Jun 27, 2012 |
| Needham | Buy | Hold | Upgrade | Jun 26, 2012 |
Track every rating change on NWS the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationNews 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 earningsLatest beats and misses
Who reports nextBeat on EPS
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
Get the NWS recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T23:40:52.370199+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 2026-09-24. For educational purposes only; not investment advice.