NWSA · News Corporation

News Corporation's fiscal 2026 third quarter results demonstrated robust growth across key segments, with total revenues reaching $2.19 billion, a 9% increase from $2.01 billion in the prior year, including a 5% positive foreign currency impact. Adjusted revenues grew 4%. Net income from continuing operations rose 13% to $121 million, driven by higher Total Segment EBITDA of $343 million, up 18% or 13% adjusted, primarily from strong performances in Digital Real Estate Services and Dow Jones, alongside lower employee costs in Other. GAAP EPS improved to $0.16 from $0.14, while adjusted EPS reached $0.21 from $0.17. Dow Jones revenues grew 8% to $619 million, fueled by 19% growth in Risk & Compliance to $100 million and 12% in Dow Jones Energy to $77 million, with digital revenues at 84% of total. Digital Real Estate Services surged 17% to $473 million, with REA Group up 20% to $325 million on Australian residential strength and FX tailwinds, and Move up 10% to $148 million via premium offerings. Book Publishing increased 8% to $555 million, led by Rachel Reid’s Game Changers series. News Media grew 5% but EBITDA fell 55% due to News UK weakness and new costs. CEO Robert Thomson highlighted transformation via core growth engines, AI input deals with Meta and OpenAI, ongoing discussions, and pursuit of content scrapers, while accelerating share buybacks as shares undervalue prospects. Nine-month free cash flow was $535 million, with expectations of strong full-year growth despite higher capex. A Dow Jones investor briefing outlined a path to $1 billion annual Segment EBITDA in five years.