News Corporation (NWS)

News Corp reported revenue of $9.03 billion for the fiscal year ended 30 June 2026, up 7 percent from the year before 1. Net income attributable to its stockholders was $573 million, against $1,180 million a year earlier 1.

The earlier year included $692 million of income from discontinued operations, the Foxtel business that the company sold in April 2025 1. Without it, net income from continuing operations rose 15 percent to $743 million 1.

Chief executive Robert Thomson said the fourth quarter brought an 11 percent rise in revenue to $2.34 billion and the highest profitability on record 2. Free cash flow, the cash left after spending on equipment, was $811 million for the year 1.

The company bought back $643 million of its own shares in the year 1. Its newest current report, dated 2 November 2026, shows the buyback still running under a program of up to $1 billion 3.

The open question is artificial intelligence 2. Thomson said the company has trusted content relationships with OpenAI and Meta and is in advanced discussions with several other companies 2.

News Corporation was organized on 11 December 2012 1. Its separation from Twenty-First Century Fox was completed on 28 June 2013 1.

The company describes itself as a global, diversified media and information services company 1. Its brands include The Wall Street Journal, Barron's, The Australian, The Sun, The Times and HarperCollins Publishers 1.

In the second quarter of fiscal 2025 it agreed to sell the Foxtel Group to DAZN Group Limited, and the sale closed on 2 April 2025 1. The 10-K reports Foxtel as discontinued operations, so the year-on-year comparison here covers the businesses it kept 1.

Fiscal 2025 also carried $12 million of costs for an offer to acquire Rightmove, a property website, which was later withdrawn 1.

Revenue grew from $8,452 million in fiscal 2025 to $9,028 million in fiscal 2026, an increase of 7 percent 1. The company credits higher revenue at REA Group and Move, Dow Jones and Book Publishing, and currency gains at News Media 1.

Currency moves alone added $189 million, or 2 percent, to revenue 1. Net income from continuing operations rose to $743 million from $648 million 1.

At Dow Jones, revenue rose $166 million, or 7 percent, mainly from subscriptions and advertising 1. Digital products were 84 percent of its revenue, up from 82 percent 1.

HarperCollins grew 6 percent, helped by Rachel Reid's Game Changers series, which includes Heated Rivalry, and by Christian publishing 1. Recent acquisitions added $31 million 1.

In News Media, advertising revenue fell $16 million, or 2 percent, mainly on lower print advertising 1. Circulation and subscription revenue rose $57 million, or 5 percent 1.

Dow Jones

Dow Jones is home to The Wall Street Journal, which the 10-K calls its flagship news product 1. It earned $2,497 million in revenue and $663 million in segment EBITDA, the company's own measure of segment profit 1.

Average news subscriptions in the fourth quarter were over 6.7 million, and The Wall Street Journal had 4.8 million of them 2. Dow Jones Risk & Compliance grew 11 percent to $102 million in the quarter 2.

Digital Real Estate Services

This segment holds a 62.0% interest in REA Group, a property media business, and an 80% interest in Move, which operates Realtor.com in the United States 1. Segment revenue was $2,016 million, up 12 percent, and segment EBITDA was $741 million 1.

Realtor.com gives consumers access to approximately 155 million properties across the U.S. 1. Comscore data put its share at 33 percent of visits to U.S. real estate portals in the fourth quarter 2.

Book Publishing

HarperCollins is the second largest consumer book publisher in the world by revenue, with operations in 15 countries 1. Segment revenue was $2,288 million, and segment EBITDA slipped to $287 million from $296 million 1.

Its rivals include Penguin Random House, Simon & Schuster, Hachette Livre and Macmillan 1. Backlist titles, older books still selling, were about 62 percent of consumer revenue 1.

News Media

News Media covers News Corp Australia, News UK and the New York Post, plus talkSPORT radio in the U.K. 1. Revenue was $2,227 million and segment EBITDA was $139 million, down from $153 million 1.

The California Post made its debut on 26 January 2026 as a tabloid, reported Deseret News 5. The 10-K lists costs of the newly launched California Post among the reasons News Media costs rose 1.

People, rivals and problems

The company had approximately 21,700 employees, of whom approximately 7,900 were in the U.S., 3,900 in the U.K. and 5,600 in Australia 1. Robert Thomson is chief executive 2.

TheWrap reported that Sean Giancola is stepping down as publisher and chief executive of the New York Post Media Group 4.

The 10-K names artificial intelligence as a threat: unauthorized use of its content, including by AI developers, presents a threat to revenues 1. Thomson said the company is taking aggressive action against those who copy its work 2.

The umbrella, in words

The main brands are The Wall Street Journal, Barron's, Dow Jones, The Australian, Herald Sun, The Sun, The Times, HarperCollins Publishers, realestate.com.au, Realtor.com and talkSPORT 1. The company owns 62.0% of REA Group and 80% of Move, and REA Group holds the other 20% of Move 1.

Control sits with the Murdoch family through LGC Holdco, which beneficially owns approximately 34.52% of the Class B stock and less than one percent of the Class A stock 1. Holders of Class A stock vote only in limited circumstances, while Class B holders get one vote a share 1.

Lachlan Murdoch appoints the manager who decides how LGC Holdco votes, though he disclaims owning those shares 1. The Washington Post reported that the family settled its trust dispute, with Lachlan keeping control and the trust running until 2050 6.

The company's 2025 buyback program has no time limit 1. About $667 million of it remained to be used as of 30 June 2026 1.

Thomson said the company is in advanced discussions with several other companies on trusted content relationships 2. He also said it will pursue those who use its work without payment 2.

Giancola will remain with the company through early next year, and the company said its search for the Post's next chief executive is underway 4.

The 10-K says the buyback has raised, and could further raise, the share of Class B stock held by LGC Holdco, the Murdoch family holding company 1. Under a stockholders agreement, the family parties agreed not to take actions that would take them past 44% of the Class B voting power 1.

Its annual report lists artificial intelligence developments among the legal and regulatory changes that may affect how Dow Jones protects its content 1.