News (NWSA) stock price is $30.43, down 0.72% on the day, as of Oct 21, 2026. It has a market cap of $16.96Bn and a P/E ratio of 29.60, and is classified in the Publishing industry (Communication Services sector).
Enterprise Value
Margins
P/FCF
Key Stats
Market Cap16.96 Bn
P/E29.60
P/S1.88
Div. Yield0.00
Total Debt (Qtr)1.99 Bn
Revenue Growth (1y) (Qtr)10.81
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About
News Corporation is a global diversified media and information services company. It creates and distributes authoritative and engaging content and other products and services to consumers and businesses worldwide. The company operates across media including information services and news digital real estate services and book publishing under well known brands such as The Wall Street Journal Barron’s Dow Jones The Australian Herald Sun The Sun The Times HarperCollins…
News Corporation is a global diversified media and information services company. It creates and distributes authoritative and engaging content and other products and services to consumers and businesses worldwide. The company operates across media including information services and news digital real estate services and book publishing under well known brands such as The Wall Street Journal Barron’s Dow Jones The Australian Herald Sun The Sun The Times HarperCollins Publishers realestate.com.au Realtor.com talkSPORT and many others.
News Corporation generates revenue through recurring subscriptions circulation sales advertising sales sales of real estate listing products licensing fees and other consumer product sales. Its diversified revenue base includes subscriptions to news and information services circulation of newspapers and magazines advertising on its platforms fees from real estate advertising and lead generation licensing of content and data and sales of print and digital books.
The company operates through the following segments Dow Jones Digital Real Estate Services Book Publishing News Media and Other.
Dow Jones is a global provider of news and business information that distributes content through owned and off platform media channels such as websites mobile apps newspapers newswires newsletters magazines proprietary databases live journalism video and podcasts. It serves individual consumers and enterprise customers with products including The Wall Street Journal Barron’s MarketWatch Investor’s Business Daily Dow Jones Risk & Compliance Dow Jones Energy Factiva and Dow Jones Newswires. Revenue comes from business to consumer and business to business subscriptions circulation advertising licensing fees and participation fees for live journalism events.
Digital Real Estate Services consists of News Corporation’s 61.4 percent interest in REA Group and its 80 percent interest in Move. REA Group is a market leading digital media business specializing in property advertising and services and financial services operating websites such as realestate.com.au realcommercial.com.au and Flatmates.com.au and providing PropTrack data services to the financial sector. Move operates Realtor.com a premier real estate information advertising and services platform in the United States offering property listings lead generation referral services media products and the Avail platform for landlords and tenants.
Book Publishing comprises HarperCollins the second largest consumer book publisher in the world by global revenue. HarperCollins publishes and distributes consumer books in print and digital formats owns more than 120 branded imprints and publishes works by well known authors and global brands. Revenue is derived from the sale and licensing of print and digital books to global technology companies traditional brick and mortar booksellers wholesale clubs discount stores and other retailers.
News Media includes News Corp Australia News UK and the New York Post as well as Wireless Group operator of talkSPORT Virgin Radio Australian News Channel which runs Sky News Australia and Storyful a social media content agency. The segment generates revenue principally from circulation and subscription sales of print and digital products sales of print and digital advertising and licensing fees.
The Other segment covers the company’s general corporate overhead expenses strategy costs and costs related to the U. K. Newspaper Matters.
News Corporation holds a strong position in the global media and information services industry supported by its portfolio of iconic brands and its diversified operations across news information real estate and book publishing. In the news and information space the Dow Jones segment competes with digital media outlets print publications and information service providers such as Reuters RELX Refinitiv S&P Global DTN and Argus Media. The digital real estate services business faces competition from other real estate focused technology companies in Australia the United States and India. HarperCollins contends with major publishers including Penguin Random House Simon & Schuster Hachette Livre and Macmillan for author titles and market share. The News Media segment competes with other newspaper radio and digital news providers in its principal markets of Australia the United Kingdom and the United States. Competitive advantages stem from the company’s powerful brand recognition its global audience scale its proprietary technology and data capabilities and its ability to monetize content through subscriptions advertising and licensing across multiple platforms.
News Corporation serves a varied customer base that includes individual consumers business clients advertising agencies real estate agents and property developers financial professionals investors and retailers. Specific customers named in the filing include Amazon Apple Barnes & Noble Tesco Bloomberg London Stock Exchange Group FactSet and the National Association of Realtors.
Sectors:Communication Services·TechnologySector rationaleThe company's primary business is the creation and distribution of news, media, and books through brands like The Wall Street Journal, The Sun, and HarperCollins, which falls under Publishing, Television, and Radio Broadcasting. A secondary sector of Technology is justified because the company operates substantial digital marketplaces and platforms for real estate advertising and lead generation via REA Group and Realtor.com.Industries:+1 morePublishingPublishingPrimaryNews Corporation's core business involves publishing news and information through brands like The Wall Street Journal, The Times, and The Australian. It generates significant revenue from subscriptions, circulation, and advertising for these print and digital publications.Real Estate SoftwareReal Estate SoftwareSecondaryThe company operates Digital Real Estate Services through REA Group and Move, which provide property listing and lead generation platforms like realestate.com.au and Realtor.com.Radio BroadcastingRadio BroadcastingSecondaryThe News Media segment includes the Wireless Group, which operates audio broadcast networks such as talkSPORT and Virgin Radio.Classified using BQ-MICSCIK: 0001564708
Bull & bear
Investment Thesis
▲ Bull case
News Corporation's strategic focus on high-growth segments such as Dow Jones, Digital Real Estate Services, and Book Publishing is driving impressive results. These segments reported double-digit increases in profit this quarter, indicating strong momentum. The company's ability to prosper in challenging economic conditions, including high interest rates and geopolitical uncertainty, underscores its resilience. The robust free cash flow and strong cash position provide significant optionality for maximizing long-term shareholder value. The accelerated share buyback program, with $193 million in shares repurchased in the third quarter, reflects management's confidence in the company's undervaluation relative to its net asset value. This strategic initiative is likely to enhance shareholder returns and highlight the market's underestimation of News Corporation's intrinsic value and growth prospects.
The company's positioning as an AI inputs company is a significant growth catalyst. Partnerships with Meta and OpenAI, along with negotiations with other AI leaders, highlight the increasing recognition of the value of News Corporation's content and data. The anticipated proceeds from the $1.5 billion settlement with Anthropic further reinforce the company's status as a key player in the AI ecosystem. The proliferation of vertical specialist AI companies focusing on specific segments presents a new generation of opportunities for News Corporation's mastheads, HarperCollins, and digital real estate divisions. These partnerships and deals are expected to have a positive impact on revenue and profitability, driving long-term growth and reinforcing the bullish thesis.
Realtor.com's strong performance, despite challenging housing market conditions, is a testament to the team's strategic initiatives. The platform's focus on higher premium homes and expansion into adjacencies such as seller, new homes, and rentals has driven successive quarters of double-digit revenue increases. The partnership with OpenAI to enhance the experience for sellers, buyers, and realtors further positions Realtor.com as a leader in the digital real estate space. The significant visit share and engagement metrics, as well as the holistic property experience, underscore the platform's competitive advantage. As the housing market recovers, Realtor.com is well-positioned to capitalize on the upturn, making it a key growth driver for News Corporation.
HarperCollins' strong quarterly performance, with EBITDA rising 14% and revenue increasing 8%, reflects the company's ability to capitalize on industry trends. The surge in digital sales, with eBooks up 17% and audiobooks increasing 7%, highlights the growing demand for digital content. The success of titles like Rachel Reid's Heated Rivalry and upcoming releases from notable authors positions HarperCollins for continued growth. The company's focus on higher-margin digital sales and its strong backlist contribution further enhance its profitability. These factors contribute to a bullish outlook for HarperCollins and, by extension, News Corporation.
The company's strategic investments in new projects, such as the launch of the California Post, demonstrate its commitment to growth and innovation. Despite the decline in EBITDA due to launch costs, the California Post has attracted attention from readers and advertisers, indicating its potential for future profitability. The successful launch of the California Post, coupled with the rebounding profitability of the New York Post, positions News Corporation for expanded revenue and profits over time. This strategic initiative underscores the company's ability to identify and capitalize on growth opportunities, reinforcing the bullish thesis.
News Corporation's strategic focus on high-growth segments such as Dow Jones, Digital Real Estate Services, and Book Publishing is driving impressive results. These segments reported double-digit increases in profit this quarter, indicating strong momentum. The company's ability to prosper in challenging economic conditions, including high interest rates and geopolitical uncertainty, underscores its resilience. The robust free cash flow and strong cash position provide significant optionality for maximizing long-term shareholder value. The accelerated share buyback program, with $193 million in shares repurchased in the third quarter, reflects management's confidence in the company's undervaluation relative to its net asset value. This strategic initiative is likely to enhance shareholder returns and highlight the market's underestimation of News Corporation's intrinsic value and growth prospects.
The company's positioning as an AI inputs company is a significant growth catalyst. Partnerships with Meta and OpenAI, along with negotiations with other AI leaders, highlight the increasing recognition of the value of News Corporation's content and data. The anticipated proceeds from the $1.5 billion settlement with Anthropic further reinforce the company's status as a key player in the AI ecosystem. The proliferation of vertical specialist AI companies focusing on specific segments presents a new generation of opportunities for News Corporation's mastheads, HarperCollins, and digital real estate divisions. These partnerships and deals are expected to have a positive impact on revenue and profitability, driving long-term growth and reinforcing the bullish thesis.
Realtor.com's strong performance, despite challenging housing market conditions, is a testament to the team's strategic initiatives. The platform's focus on higher premium homes and expansion into adjacencies such as seller, new homes, and rentals has driven successive quarters of double-digit revenue increases. The partnership with OpenAI to enhance the experience for sellers, buyers, and realtors further positions Realtor.com as a leader in the digital real estate space. The significant visit share and engagement metrics, as well as the holistic property experience, underscore the platform's competitive advantage. As the housing market recovers, Realtor.com is well-positioned to capitalize on the upturn, making it a key growth driver for News Corporation.
HarperCollins' strong quarterly performance, with EBITDA rising 14% and revenue increasing 8%, reflects the company's ability to capitalize on industry trends. The surge in digital sales, with eBooks up 17% and audiobooks increasing 7%, highlights the growing demand for digital content. The success of titles like Rachel Reid's Heated Rivalry and upcoming releases from notable authors positions HarperCollins for continued growth. The company's focus on higher-margin digital sales and its strong backlist contribution further enhance its profitability. These factors contribute to a bullish outlook for HarperCollins and, by extension, News Corporation.
The company's strategic investments in new projects, such as the launch of the California Post, demonstrate its commitment to growth and innovation. Despite the decline in EBITDA due to launch costs, the California Post has attracted attention from readers and advertisers, indicating its potential for future profitability. The successful launch of the California Post, coupled with the rebounding profitability of the New York Post, positions News Corporation for expanded revenue and profits over time. This strategic initiative underscores the company's ability to identify and capitalize on growth opportunities, reinforcing the bullish thesis.
The company's strategic investments in new energy benchmarks at Dow Jones Energy raise concerns about the balance between continued investment and return profiles. While the Professional Information Business accounts for a significant share of EBITDA, the long-term sustainability of these investments and their impact on profitability remain uncertain. The lack of specific quantification of investment requirements and the potential for increased capital expenditures pose risks to the company's financial performance. These factors highlight the need for careful monitoring of the balance between investment and returns, reinforcing the bearish thesis.
The potential for increased competition and the need for further product extensions in the Risk & Compliance and Energy offerings present challenges for Dow Jones. While the current volatility in macroeconomic circumstances and regulatory vigilance drive demand, the long-term sustainability of this demand and the company's ability to maintain its competitive edge are uncertain. The potential for new entrants or existing competitors to develop similar products or services poses a risk to Dow Jones' market position and profitability. These factors underscore the need for continuous innovation and investment, reinforcing the bearish thesis.
The company's reliance on partnerships with AI platforms for additional revenue presents risks. While the Meta agreement and OpenAI partnership are significant, the lack of specific numbers on additional revenue from these partnerships raises concerns about their impact on the company's financial performance. The potential for these partnerships to underdeliver on expectations or for the company to face challenges in negotiating favorable terms with other AI companies poses risks to revenue growth. These factors highlight the need for careful management of these partnerships and the potential for revenue shortfalls, reinforcing the bearish thesis.
The company's investments in AI for internal efficiencies and cost savings, while promising, are not yet quantifiable. The potential for these initiatives to underdeliver on expected cost savings or to require significant upfront investments poses risks to the company's financial performance. The lack of specific metrics or timelines for achieving these cost savings further underscores the uncertainty surrounding these initiatives. These factors highlight the need for careful management of these investments and the potential for unexpected costs, reinforcing the bearish thesis.
The company's strategic investments in new projects, such as the launch of the California Post, present risks to its financial performance. While the California Post has attracted attention, the long-term sustainability of its profitability and the potential for additional launch costs pose challenges. The company's ability to manage these investments and achieve the expected returns is uncertain, reinforcing the bearish thesis.
The company's strategic investments in new energy benchmarks at Dow Jones Energy raise concerns about the balance between continued investment and return profiles. While the Professional Information Business accounts for a significant share of EBITDA, the long-term sustainability of these investments and their impact on profitability remain uncertain. The lack of specific quantification of investment requirements and the potential for increased capital expenditures pose risks to the company's financial performance. These factors highlight the need for careful monitoring of the balance between investment and returns, reinforcing the bearish thesis.
The potential for increased competition and the need for further product extensions in the Risk & Compliance and Energy offerings present challenges for Dow Jones. While the current volatility in macroeconomic circumstances and regulatory vigilance drive demand, the long-term sustainability of this demand and the company's ability to maintain its competitive edge are uncertain. The potential for new entrants or existing competitors to develop similar products or services poses a risk to Dow Jones' market position and profitability. These factors underscore the need for continuous innovation and investment, reinforcing the bearish thesis.
The company's reliance on partnerships with AI platforms for additional revenue presents risks. While the Meta agreement and OpenAI partnership are significant, the lack of specific numbers on additional revenue from these partnerships raises concerns about their impact on the company's financial performance. The potential for these partnerships to underdeliver on expectations or for the company to face challenges in negotiating favorable terms with other AI companies poses risks to revenue growth. These factors highlight the need for careful management of these partnerships and the potential for revenue shortfalls, reinforcing the bearish thesis.
The company's investments in AI for internal efficiencies and cost savings, while promising, are not yet quantifiable. The potential for these initiatives to underdeliver on expected cost savings or to require significant upfront investments poses risks to the company's financial performance. The lack of specific metrics or timelines for achieving these cost savings further underscores the uncertainty surrounding these initiatives. These factors highlight the need for careful management of these investments and the potential for unexpected costs, reinforcing the bearish thesis.
The company's strategic investments in new projects, such as the launch of the California Post, present risks to its financial performance. While the California Post has attracted attention, the long-term sustainability of its profitability and the potential for additional launch costs pose challenges. The company's ability to manage these investments and achieve the expected returns is uncertain, reinforcing the bearish thesis.