News Corporation (NWSA) Earnings
News Corporation is expected to report next earnings on November 5, 2026 (in NaN days), with a consensus EPS estimate of $0.27. NWSA has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +35.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | $0.21 | $0.35 | +66.7% | $2.3B | +4.1% |
| May 7, 2026 | $0.16 | $0.21 | +31.2% | $2.2B | +3.4% |
| Feb 5, 2026 | $0.33 | $0.40 | +21.2% | $2.6B | +23.0% |
| Nov 6, 2025 | $0.18 | $0.22 | +22.2% | $2.1B | -6.4% |
| May 8, 2025 | $0.19 | $0.17 | -10.5% | $2.0B | -4.1% |
| Feb 5, 2025 | $0.29 | $0.33 | +13.8% | $2.2B | -15.9% |
| Nov 7, 2024 | $0.16 | $0.21 | +31.2% | $2.6B | +0.7% |
| Feb 7, 2024 | $0.19 | $0.26 | +36.8% | $2.6B | +1.2% |
| Nov 9, 2023 | $0.11 | $0.16 | +45.5% | $2.5B | +1.3% |
| Aug 10, 2023 | $0.09 | $0.14 | +55.6% | $2.4B | -2.0% |
| May 11, 2023 | $0.05 | $0.09 | +80.0% | $2.4B | +3.2% |
| Feb 9, 2023 | $0.19 | $0.14 | -26.3% | $2.5B | -1.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• News Corp had 12th straight quarter of profitability growth. Total revenue rose 9% to $2.2 billion, total segment EBITDA up 18% to $343 million, margin expanded. • Focus on Dow Jones, Digital Real Estate Services and Book Publishing with double-digit profit increases. • Partnerships with Meta and OpenAI, negotiating further deals with AI companies. • Tracking digital firms scraping content and intending to pursue them. • Dow Jones has 13 consecutive quarters of EBITDA growth, focus on reaching $1 billion in annual segment EBITDA in 5 years. • Realtor.com retooling business, partnered with OpenAI, saw strong visit share. • HarperCollins had strong quarter with EBITDA up 14%, revenue up 8%, upcoming releases. • News Media saw revenue increase but profit decline due to new project investments.
Guidance
• Closely monitoring Middle East events. • Expect strong results in fourth quarter. • Dow Jones expected to have strong revenue and improved margins. • Digital Real Estate Services: Australian residential new buy listings for April rose 19%. • Realtor hopes for continued revenue improvement, though housing recovery may be impacted by mortgage rates. • Book Publishing expects to benefit from stronger frontlist program. • News Media expects incremental costs from California Post rollout but also new content licensing revenue benefits. • Expect strong free cash flow growth for fiscal year despite moderately higher capital expenditures.
Segment performance
For Dow Jones: Revenues rose 8% to $619 million, segment EBITDA expanded by 11% to $147 million, margin expanded to 23.7%. Risk and Compliance revenues surged 19%, energy business revenues rose 12%. Digital direct subscription ARPU improved, digital-only subscriptions grew 9%, digital advertising revenue rose 13%. For Digital Real Estate Services: Revenues rose, EBITDA surged 25%, margin widened. Realtor.com in US revenues rose 10%, REA revenue grew 20%. For Book Publishing: Revenues grew 8% to $555 million, segment EBITDA up 14%, margin expanded. For News Media: Revenue increased 5% to $538 million, but profits declined due to investments like California Post launch. News U.K. had subscriber growth, digital advertising rebounded.
Risks & headwinds
• Interest rates remain high. • Conflict in Middle East exacerbates uncertainty. • Digital firms scraping illicitly the company's content and selling it, companies buying stolen content are culpable.
Analyst Q&A
Q: On Dow Jones Energy and investment balance,
A: Discussed balance between investment and returns, Professional Information business's role.
Q: On realtor growth and potential uplift,
A: Realtor's growth despite high mortgage rates, team's work and adjacency expansion.
Q: On risk and compliance and energy offerings,
A: Constantly reevaluating portfolio, opportunities for growth organically and inorganically.
Q: On AI opportunities,
A: Partnerships with Meta and OpenAI, negotiations with other companies, importance of IP.
Q: On benefits from AI internally,
A: Benefits in product improvement, revenue streams, efficiencies in coding and work processes.
Q: On losses in other division,
A: Reduced expenses related to stock compensation calculations, other segment expected to be similar to prior year or slightly lower.
Q: On News Media segment earnings profile,
A: Revenue up 5%, EBITDA decline due to launch costs and tougher trading conditions, context of broader company performance