Growth Metrics

News (NWS) Operating Expenses (2012 - 2026)

News posted quarterly Operating Expenses of $952.0 million for Q1 2026, up 5.31% year-on-year from $904.0 million in Q1 2025, and down 5.56% on a QoQ basis from $1.0 billion in Q4 2025.

News (NWS) has 15 years of Operating Expenses data on file, last reported at $952.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 5.31% year-over-year to $952.0 million; the trailing twelve-month figure through Mar 2026 stood at $3.8 billion (up 1.89% YoY), and the FY2025 full-year result was $3.7 billion, down 2.05% from the prior year.
  • Operating Expenses for Q1 2026 stood at $952.0 million, down from $1.0 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.4 billion in Q2 2022 and bottomed at $58.0 million in Q2 2023.
  • The 5-year median for Operating Expenses is $963.0 million (2024), against an average of $1.0 billion.
  • The widest annual swing landed in 2023, when Operating Expenses plunged 95.72%; it then jumped 1500.0% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $1.3 billion in 2022, then decreased by 25.04% to $970.0 million in 2023, then slipped by 0.72% to $963.0 million in 2024, then gained by 4.67% to $1.0 billion in 2025, then declined by 5.56% to $952.0 million in 2026.
  • The last three Operating Expenses figures came in at $952.0 million (Q1 2026), $1.0 billion (Q4 2025), and $941.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Netflix 362.63 Bn 350.34 Bn 11.41 Bn 1.56 Bn
2 Walt Disney 181.67 Bn 188.27 Bn 23.68 Bn 21.38 Bn
3 Warner Bros. Discovery 67.91 Bn 65.77 Bn 4.25 Bn 11.36 Bn
4 Live Nation Entertainment 39.56 Bn 31.10 Bn 1.31 Bn 1.06 Bn
5 Fox 26.01 Bn 22.51 Bn - 2.49 Bn
6 Liberty Media 21.20 Bn 21.87 Bn 298.00 Mn 647.00 Mn
7 Roku 19.03 Bn 16.65 Bn 564.94 Mn 513.16 Mn
8 News 16.98 Bn 15.50 Bn - 952.00 Mn
9 TKO Group Holdings 16.11 Bn 14.42 Bn 862.52 Mn 1.26 Bn
10 Paramount Skydance 12.11 Bn 10.03 Bn - -

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 952.00 Mn
Dec 31, 2025 1.01 Bn
Sep 30, 2025 941.00 Mn
Jun 30, 2025 917.00 Mn
Mar 31, 2025 904.00 Mn
Dec 31, 2024 963.00 Mn
Sep 30, 2024 952.00 Mn
Jun 30, 2024 928.00 Mn
Mar 31, 2024 938.00 Mn
Dec 31, 2023 970.00 Mn
Sep 30, 2023 1.27 Bn
Jun 30, 2023 58.00 Mn
Mar 31, 2023 1.29 Bn
Dec 31, 2022 1.29 Bn
Sep 30, 2022 1.27 Bn
Jun 30, 2022 1.36 Bn
Mar 31, 2022 1.25 Bn
Dec 31, 2021 1.28 Bn
Sep 30, 2021 1.24 Bn
Jun 30, 2021 1.28 Bn
Mar 31, 2021 1.19 Bn
Dec 31, 2020 1.20 Bn
Sep 30, 2020 1.16 Bn
Jun 30, 2020 1.03 Bn
Mar 31, 2020 1.28 Bn
Dec 31, 2019 1.35 Bn
Sep 30, 2019 1.34 Bn
Jun 30, 2019 1.42 Bn
Mar 31, 2019 1.40 Bn
Dec 31, 2018 1.48 Bn
Sep 30, 2018 1.34 Bn
Jun 30, 2018 1.47 Bn
Mar 31, 2018 1.15 Bn
Dec 31, 2017 1.14 Bn
Sep 30, 2017 1.15 Bn
Jun 30, 2017 1.15 Bn
Mar 31, 2017 1.10 Bn
Dec 31, 2016 1.13 Bn
Sep 30, 2016 1.16 Bn
Jun 30, 2016 1.25 Bn
Mar 31, 2016 1.08 Bn
Dec 31, 2015 1.19 Bn
Sep 30, 2015 1.20 Bn
Jun 30, 2015 1.22 Bn
Mar 31, 2015 1.20 Bn
Dec 31, 2014 1.25 Bn
Sep 30, 2014 1.28 Bn
Jun 30, 2014 1.25 Bn
Mar 31, 2014 1.26 Bn
Dec 31, 2013 1.27 Bn
Sep 30, 2013 1.30 Bn
Jun 30, 2013 1.38 Bn
Mar 31, 2013 1.35 Bn
Dec 31, 2012 1.35 Bn
Sep 30, 2012 1.33 Bn