Analyst Consensus ?
ConsensusBuy33 ratings
Bullish2163.6%
Neutral927.3%
Bearish39.1%
News Corporation · NWS · FY2026 Q3 · Calendar Q2 2026
News Corp Q3 FY2026: Revenue Up 9%, EBITDA Up 18% as AI Partnerships Accelerate
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.
Reported After market closeNASDAQCommunication Services
$17.41B market cap
100quality score
Company 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.…
Earnings scorecard
Reported versus consensus
Reported EPS
$0.21
Consensus $0
EPS surprise
+11.5%
Reported versus consensus
Reported revenue
$2.19B
Consensus $2.12B
Revenue surprise
+3.2%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
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 freeMarket reaction
event-close to next-session close
Stock move
+1.5%
Event window
SPY move
+0.8%
Same window
Abnormal move
+0.7%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-0.9%
Up to 20 sessions
NWSSPY benchmark
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What changed
Compared to the prior quarter (FY2026 Q2), revenue growth accelerated from 6% to 9% and segment EBITDA growth accelerated from 9% to 18%. New AI partnerships with Meta and OpenAI were announced this quarter, building on prior deals with OpenAI and Bloomberg. The Anthropic $1.5 billion settlement, first mentioned in Q2, remains pending. Acquisitions of Dragonfly and Oxford Analytica were completed to bolster risk and compliance offerings, while the PropTiger divestiture continued. The California Post launch, introduced in Q2, remained a focus area with costs under scrutiny. Geographic focus expanded to include the Middle East alongside the US, Australia, UK, and India. Management tone remained confident and guidance was maintained in both quarters.
Guidance delta
Management maintained its guidance posture from the prior quarter, expressing confidence in a robust Q4 despite macro headwinds. No formal guidance revision was indicated. The capex outlook was noted as increasing, consistent with the prior quarter's direction, reflecting investments in AI capabilities, the California Post launch, and risk and compliance products.
Key takeaways
- Revenue and EBITDA grew double-digit, driven by Dow Jones, digital real estate, and HarperCollins—marking the 12th straight quarter of profitability growth.
- AI has become a core strategic lever, with new partnerships with Meta and OpenAI and internal product enhancements including a realtor.com app in ChatGPT.
- Share buybacks accelerated with $193 million repurchased in Q3, continuing the accelerated program from the prior quarter.
- Realtor.com gained market share and launched new AI-enhanced features including RealPRO Select, despite elevated mortgage rates.
- The company remains confident about Q4 despite higher mortgage rates and geopolitical uncertainty from the Middle East.
Management priorities
- Expand AI collaborations with Meta, OpenAI, and other horizontal AI firms to generate new licensing revenue.
- Roll out realtor.com app integration with ChatGPT and further premium real-estate offerings.
- Launch additional front-list titles and exploit TV adaptations at HarperCollins, including the Heated Rivalry series.
- Continue the accelerated share-repurchase program.
- Invest in cost efficiencies for News Media, including the California Post and the DMG print partnership.
- Develop risk and compliance and energy data services through acquisitions like Dragonfly and Oxford Analytica.
Related earnings events
Communication ServicesSources
- 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 · 2026-07-31T07:22:36.733856+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 . For educational purposes only; not investment advice.