News (NWS) Operating Expenses (2012 - 2026)

News' (NWS) quarterly Operating Expenses came in at $952.0 million in Q1 2026, up 5.31% year-on-year from $904.0 million in Q1 2025, and down 5.56% quarter-over-quarter from $1.0 billion in Q4 2025.

News (NWS) Operating Expenses (2012 - 2026) Analysis & Trends

News' Operating Expenses history runs 15 years deep, the most recent figure standing at $952.0 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 5.31% year-over-year to $952.0 million in Q1 2026; TTM through Mar 2026 was $3.8 billion, a 1.89% increase from a year earlier, with the FY2025 full-year figure at $3.7 billion, down 2.05% from the prior year.
  • Operating Expenses slipped to $952.0 million in Q1 2026 per NWS's latest filing, 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.
  • Across the five-year window, Operating Expenses slumped 95.72% in 2023 and soared 1500.0% in 2024, its largest moves.
  • Year by year, Operating Expenses 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.
  • Per Business Quant, the three latest NWS Operating Expenses figures stand at $952.0 million (Q1 2026), $1.0 billion (Q4 2025), and $941.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Netflix 286.85 Bn 277.73 Bn 6.52 Bn 1.32 Bn
2 Walt Disney 176.45 Bn 177.38 Bn 10.75 Bn 21.38 Bn
3 Warner Bros. Discovery 71.03 Bn 68.89 Bn 4.25 Bn 11.36 Bn
4 Live Nation Entertainment 40.94 Bn 32.48 Bn 1.31 Bn 1.52 Bn
5 Liberty Media 29.72 Bn 29.06 Bn 298.00 Mn 647.00 Mn
6 Roku 20.90 Bn 18.52 Bn 564.94 Mn 513.16 Mn
7 TKO Group Holdings 20.86 Bn 19.17 Bn 862.52 Mn 1.26 Bn
8 Fox 20.85 Bn 17.36 Bn - 2.49 Bn
9 News 16.48 Bn 15.01 Bn - 952.00 Mn
10 Sirius Xm Holdings 10.04 Bn 9.96 Bn 2.09 Bn 1.64 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