NWS
Updated: 23/09/2026, 07:14:30
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. Its portfolio encompasses numerous daily, Sunday, weekly, and bi-weekly newspapers, notably The Australian, The Times, and the New York Post, along with their digital counterparts. Furthermore, News Corp is active in book publishing, offering general fiction, non-fiction, children's, and religious titles. It also supplies sports, entertainment, and news programming to pay-TV and streaming subscribers, as well as commercial partners, often securing broadcasting rights for live athletic events. The company additionally provides property-related advertising and online real estate services via its digital platforms and mobile apps, alongside offering financial services. Established in 2012, News Corporation is headquartered in New York, New York.
No summaries found.
Reported and calculated KPIs plus operational exposure disclosed in the FY 2026 filing.
Revenue
$9.0B
FY 2026 · Reported
Net income
$0.6B
FY 2026 · Reported
Gross margin
N/A
FY — · Reported
Free cash flow
N/A
FY — · Reported
R&D intensity
N/A
FY — · Reported
Share repurchases
$0.6B
FY 2026 · Reported
Other offerings mentioned without separate sales
Area-level product sales are displayed only when the filing reports a product × geography breakdown. Regional totals are not allocated across products by estimation.
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Company overview
Global diversified media and information services company
“News Corporation (the “Company,” “News Corp,” “we,” “us,” or “our”) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services to consumers and businesses throughout the world.”
Company overview
News Corp is a global diversified media and information services company (information services and news, digital real estate services, book publishing)
“News Corporation ... is a global diversified media and information services company comprised of businesses across a range of media, including: information services and news, digital real estate services and book publishing.”
Five reportable segments
Dow Jones; Digital Real Estate Services; Book Publishing; News Media; Other
“The Company’s operations are organized into five reportable segments: (i) Dow Jones; (ii) Digital Real Estate Services; (iii) Book Publishing; (iv) News Media; and (v) Other, which includes the Company’s general corporate overhead expenses, strategy costs and costs related to the U.K. Newspaper Matters”
Dow Jones segment
Dow Jones: news brands (WSJ, Barron's, MarketWatch, IBD) plus professional information (Risk & Compliance, Energy, Factiva, Newswires) for consumer and enterprise customers
“Dow Jones's news products include premier brands such as The Wall Street Journal, Barron's, MarketWatch and Investor's Business Daily.”
Digital Real Estate Services segment ownership
62.0% REA Group (ASX: REA), 80% Move (Realtor.com); REA holds the other 20% of Move
“The Digital Real Estate Services segment consists of the Company's 62.0% interest in REA Group and 80% interest in Move. The remaining 20% interest in Move is held by REA Group.”
Book Publishing segment
HarperCollins: 2nd largest consumer book publisher globally, 15 countries, 120+ imprints, strengths in general fiction, nonfiction, children's and religious publishing
“HarperCollins, the second largest consumer book publisher in the world, with operations in 15 countries and particular strengths in general fiction, nonfiction, children's and religious publishing.”
News Media segment
News Media: News Corp Australia, News UK, New York Post, talkSPORT, News24; recently launched California Post
“This segment also includes News Broadcasting (formerly Wireless Group), operator of talkSPORT, the leading sports radio network in the U.K.”
Dow Jones customer mix
B2C and B2B subscriptions, advertising, licensing, live journalism fees
“The Dow Jones segment’s revenue is diversified across business-to-consumer and business-to-business subscriptions, circulation, advertising, including custom content and sponsorships, licensing fees and participation fees for its live journalism events.”
Dow Jones product portfolio
WSJ, Barron’s, MarketWatch, IBD, Dow Jones Risk & Compliance, Dow Jones Energy, Factiva, Dow Jones Newswires
“include The Wall Street Journal, Barron’s, MarketWatch, Investor’s Business Daily, Dow Jones Risk & Compliance, Dow Jones Energy, Factiva and Dow Jones Newswires.”
Segment revenues and EBITDA (FY2026, $ millions)
Dow Jones $2,497M rev / $663M EBITDA; Digital Real Estate Services $2,016M / $741M; Book Publishing $2,288M / $287M; News Media $2,227M / $139M; Other $0 / $(203)M
“Dow Jones$2,497 $663 Digital Real Estate Services2,016 741 Book Publishing2,288 287 News Media2,227 139 Other— (203)”
Dow Jones circulation and subscription revenues FY2026
Total circulation and subscription: $2,020M FY2026 vs $1,884M FY2025 (+7%); Risk & Compliance $392M (+16%), Energy $301M (+8%), Circulation and other $1,032M (+5%), Other information services $295M (+2%)
“Total circulation and subscription revenues$2,020 $1,884 $136 7 %”
Digital Real Estate Services segment FY2026
Revenues $2,016M (+12%); Segment EBITDA $741M (+23%); 22% of consolidated revenues; REA Group $1,406M (+12%), Move $610M (+11%), lead volumes +5%
“Total Revenues2,016 1,802 214 12 %”
News Media segment FY2026
Revenues $2,227M (+3%); EBITDA $139M (-9%) on California Post launch costs and News Broadcasting FIFA World Cup costs; FX added $81M (4%) to revenues
“Total Revenues2,227 2,170 57 3 %”
Book Publishing segment FY2026
Revenues $2,288M (+6%), Consumer $2,185M (+7%); EBITDA $287M (-3%); digital ~23% of consumer revenues; backlist ~62%; driven by Rachel Reid's Game Changers series and Christian Publishing
“Total Revenues2,288 2,149 139 6 %”
Primary geographic operations
Operates primarily in the U.S., Australia and the U.K.; distributed worldwide
“Headquartered in New York, the Company operates primarily in the United States (“U.S.”), Australia and the United Kingdom (“U.K.”), with its content and other products and services distributed and consumed worldwide.”
WSJ print plants
WSJ printed at owned and third-party plants around the U.S.
“WSJ’s print products are printed at plants located around the U.S., including both owned and third-party facilities.”
AWS cloud and Google workspace dependency
Relies on Amazon Web Services for cloud services, Google for workspace/enterprise services, and third-party AI platforms
“The Company relies on Amazon Web Services to supply cloud-based services used in many of the Company’s business activities and Google to provide workspace and other enterprise services.”
Softer US book publishing consumer spending
Softer U.S. consumer spending weighing on book publishing, may continue near term
“Economic uncertainty and lower consumer confidence have also contributed to softer consumer spending within the U.S. book publishing industry, which may continue in the near term.”
AI licensing and technology partnerships
Content licensing to technology and AI-focused platforms
“create opportunities for more effective monetization, including new licensing and partnership arrangements with large technology companies and AI-focused platforms and digital offerings that leverage the Company’s existing content”
AI licensing and digital initiatives
Strategic initiatives include AI/content licensing deals, streaming audio partnerships for books, digital bundles and AI-driven products and internal efficiencies
“These include additional licensing arrangements with large platform operators, AI companies and other partners for the use of its content, the continued expansion into different business models and adjacencies, streaming audio partnerships for its books, multi-product digital bundles and other innovative digital news products and experiences.”
Significant costs of technology and AI initiatives
Has incurred and expects to continue incurring significant costs for AI/technology initiatives and skilled talent
“The Company has incurred, and expects to continue to incur, significant costs in connection with these efforts, including costs relating to the initiatives referenced above, as well as other costs to acquire, develop, adopt, upgrade and exploit new and existing technologies and attract and retain employees”
Data privacy regulation (GDPR, UK GDPR, US state laws)
Subject to GDPR, UK GDPR and growing U.S. state privacy laws with significant penalties and costly compliance
“Examples include the E.U.’s GDPR and the UK GDPR, each of which regulates personal data processing throughout the E.U. and the U.K., respectively, and provides significant penalties for non-compliance”
Australian housing reform legislation
Recently enacted Australian housing reform legislation may impact listing volumes and the Company’s digital real estate services business in Australia
“Recently enacted Australian housing reform legislation may impact listing volumes and the Company’s digital real estate services business in Australia.”
AI-driven competition and content commoditization
AI platforms reduce traffic to, subscriber demand for, and engagement with Company digital products; AI lowers barriers to entry
“Increased adoption of these AI-powered tools, products and services, especially those offered by platforms with large embedded audiences, have, and may continue to, reduce traffic to, subscriber demand for, and engagement with, the Company’s digital products and services”
AI and unauthorized content use threat
AI-driven unauthorized use of content threatens IP-based revenues; AI platforms are emerging competitors
“Unauthorized use, including in the digital environment and as a result of developments in artificial intelligence ("AI"), presents a threat to revenues from products and services based on intellectual property.”
Macroeconomic exposure concentrated in US, Australia, UK
Business subject to macro risks particularly in the U.S., Australia and the U.K., including tariffs, inflation, elevated rates and FX volatility
“The Company’s business is subject to risks and uncertainties from events and circumstances outside its control that impact macroeconomic and market conditions or disrupt its business, particularly in the U.S., Australia and the U.K.”
Print decline headwind
Print circulation and advertising expected to continue declining due to alternative media formats and print-to-digital advertising shift
“print product sales face challenges from alternative media formats and shifting consumer preferences, which have adversely affected, and are expected to continue to adversely affect, both print circulation and advertising revenues.”
Cybersecurity threats increasing with AI
Rising AI-enhanced cyberattack risk; cyber insurance may be insufficient
“The risks associated with cyberattacks are increasing, particularly as AI use continues to grow and the Company’s digital businesses expand.”
AI platforms reduce referral traffic and subscriber demand; AI-generated content commoditizes information products
“have, and may continue to, reduce traffic to, subscriber demand for, and engagement with, the Company’s digital products and services and harm existing and potential revenue streams”
Recurring subscriptions are the core of the diversified revenue base; Dow Jones alone reports 6.3 million digital-only subscriptions in the June 2026 quarter.
“The Company’s diversified revenue base includes recurring subscriptions, circulation sales, advertising sales, sales of real estate listing products, licensing fees and other consumer product sales.”
Search engines, social media, AI platforms and digital marketplaces control discovery/placement of Company content, affecting monetization
“Changes these platforms make to algorithms, ranking methodologies, presentation, placement, user interfaces, access terms or pricing affect the Company’s ability to attract, retain and monetize consumers and compete effectively”
News Corp monetizes its content via licensing and partnership arrangements with large technology companies and AI-focused platforms, an explicitly cited monetization opportunity.
“including new licensing and partnership arrangements with large technology companies and AI-focused platforms and digital offerings that leverage the Company’s existing content”
AI platforms compete for circulation and advertising revenue and enable unauthorized content use threatening IP revenues.
“including from a variety of alternative news and information sources, programmatic advertising buying channels and AI platforms, products and services and other emerging technology platforms”
Cloud infrastructure for many business activities supplied by AWS; outage or termination would disrupt operations
“The Company relies on Amazon Web Services to supply cloud-based services used in many of the Company’s business activities”
Content distribution relies on websites, mobile apps, social media, e-book devices and streaming audio platforms, with off-platform distribution and AI applications noted for Dow Jones.
“The Company distributes its content and other products and services to consumers and customers across an array of digital platforms including websites, mobile apps, social media, e-book devices and streaming audio platforms, as well as traditional platforms such as print and radio.”
Digital Real Estate Services is the second-largest segment by revenue ($2,016M) and highest EBITDA ($741M), driven by real estate listing product sales.
“Digital Real Estate Services2,016 741”
Dow Jones professional information business (Risk & Compliance, Energy) growth driven by price increases, new customers and product expansion; digital circulation growth driven by enterprise customers.
“driven by price increases, new customers and product expansion”
Personal data processing subject to GDPR/UK GDPR with significant penalties; compliance costly and business-practice-restricting
“Examples include the E.U.’s GDPR and the UK GDPR, each of which regulates personal data processing throughout the E.U. and the U.K., respectively, and provides significant penalties for non-compliance”
Elevated interest rates depress housing transactions (Digital Real Estate) and raise borrowing costs
“Such downturns typically result in lower advertising expenditures, lower demand for the Company’s products and services, unfavorable changes in the mix of products and services purchased, pricing pressures, longer sales and payment cycles, higher borrowing costs”
Google provides workspace and other enterprise services
“and Google to provide workspace and other enterprise services”
USD weakness vs local currencies added $63M to REA Group and $81M to News Media revenues in FY2026; REA Group is separately listed on ASX.
“a $63 million, or 5%, positive impact from foreign currency fluctuations”
Australia is one of the Company's primary operating geographies, including REA Group/realestate.com.au and Australian newspapers.
“Headquartered in New York, the Company operates primarily in the United States (“U.S.”), Australia and the United Kingdom (“U.K.”), with its content and other products and services distributed and consumed worldwide.”
The U.K. is one of the Company's primary operating geographies, including The Sun, The Times and U.K. newspapers reporting unit.
“the Company operates primarily in the United States (“U.S.”), Australia and the United Kingdom (“U.K.”)”
Advertising revenue depends on general economic and business conditions; circulation depends on prices of competitors' products and news cycles.
“Advertising revenue is dependent on a number of factors, including demand for the Dow Jones segment's news products, general economic and business conditions”
The Other segment includes costs related to the U.K. Newspaper Matters (defined in Note 16—Commitments and Contingencies), a disclosed contingency cost burden.
“and (v) Other, which includes the Company’s general corporate overhead expenses, strategy costs and costs related to the U.K. Newspaper Matters”
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