Research Reports

Key takeaways

Company authorized to repurchase up to US$1 billion of Class A and Class B common stock under 2025 Repurchase Program.

On May 14, 2026, repurchased 6,409,035 Class A shares for US$158.75 million and 3,076,605 Class B shares for US$86.72 million.

Cumulative repurchases under program total approximately US$248.23 million based on consideration paid.

Broker: Goldman Sachs & Co. LLC; repurchases conducted in open market or otherwise to enhance shareholder value.

No repurchases of ASX-listed CDIs; targets Nasdaq-listed shares.

Full analysis

News Corporation continues executing its 2025 Repurchase Program, authorized for up to US$1 billion in Class A and Class B common stock repurchases on Nasdaq, excluding ASX CDIs. The May 15, 2026 ASX notifications (Exhibits 99.1 and 99.2) detail activity through May 14, 2026, stating cumulative spending of approximately US$248.23 million leaves substantial remaining authorization. Recent daily activity included modest volumes of 70,004 Class A shares at US$1.84 million and 30,471 Class B shares at US$0.92 million, with historical highs/lows indicating price range execution. Goldman Sachs facilitates transactions subject to market conditions, aimed at enhancing shareholder value amid forward-looking intent to continue repurchases.

NWSA · News Corporation

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