Company Overview

News Corporation is a diversified media and information services company that operates across multiple segments including digital real estate services, news media, book publishing, and subscription video services. The company was formed on June 28, 2013, as a spin-off of the first News Corporation, whose legal successor was 21st Century Fox, and is headquartered in New York City.

Business Segments and Operations

News and Information Services

Key mastheads include The Wall Street Journal, Barron's, New York Post, The Times, The Sun, The Australian, Herald Sun, and The Daily Telegraph. The company maintains a strong global presence in authoritative journalism, delivering trusted news across print and digital platforms.

Digital Real Estate Services

News Corp's Digital Real Estate Services segment consists of the Company's interest in REA Group and Move. REA Group is a digital media business specializing in property and property-related services on its Websites and mobile apps. Its 61%-owned REA Group is the dominant property listings business in Australia, while Move operates Realtor.com in the United States.

Book Publishing

In addition, it owns Harper Collins, one of the largest book publishers in the world, serving readers across various genres and formats globally.

Financial Performance

Market Capitalization

As of Jul 29, 2025, the market capitalization of News Corp (NWSA) is $16.55B. In the year 2024, News Corp's market capitalization increased from $14.06B in January to $15.67B in December, reflecting a 11.41% change.

Key Financial Metrics and Performance

- Q1 FY2025 (ended September 30, 2024):

- Revenue rose 3 percent year-over-year to $2.58 billion, while net income jumped 148 percent to $144 million.

- Total Segment EBITDA surged 14 percent to $415 million, and EPS were 21 cents compared to 5 cents in the same quarter last year.

- This quarterly report represents an earnings surprise of 31.25%.

- Q3 FY2024 (ended March 31, 2024):

- News Corp. delivered earnings and revenue surprises of 10% and 2.30%, respectively, for the quarter ended March 2024.

- News Corp's revenue for the quarter stood at $2.42 billion, marking a 1% decrease from $2.45 billion in the prior year.

- News Corp. came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.10 per share.

- Q3 FY2025 (ended March 31, 2025):

- For the quarter ended March 2025, News Corp. reported revenue of $2.01 billion, down 17.1% over the same period last year.

- EPS came in at $0.17, compared to $0.11 in the year-ago quarter.

Cash Flow Performance

The company reported a healthy cash flow, with net cash provided by operating activities reaching $844 million for the nine months ended March 31, 2024, an increase from $670 million in the prior year.

Digital Subscriber Growth

The company has shown strong digital transformation metrics:

- News Corp Australia:

- Closing digital subscribers as of September 30, 2024 were 1,127,000 (979,000 for news mastheads).

- Compared to 1,049,000 (937,000 for news mastheads) in the prior year.

- The Times and Sunday Times:

- Closing digital subscribers, including the Times Literary Supplement, as of September 30, 2024 were 600,000.

- Compared to 572,000 in the prior year.

Strategic Focus and Outlook

Digital Transformation

Chief Executive Robert Thomson highlighted the company's efforts to adapt to the digital revolution and the strategic importance of promoting quality journalism in the age of Generative AI. The company continues to invest in digital platforms and subscriber growth initiatives.

Operational Efficiency

News Corp is actively engaging in strategic reviews and restructuring to enhance flexibility and efficiency across its operations. This includes a headcount reduction initiative aimed at reducing costs.

Recent Corporate Changes

The 65% interest in Foxtel, the Australian pay-TV and streaming provider, was sold in April 2025, marking a strategic shift in the company's portfolio focus.

Investment Considerations

News Corporation's strong financial position and solid free cash generation separate the company from its peers. The company operates in challenging market conditions but has demonstrated resilience through diversified revenue streams and strategic digital initiatives. The achievement of record first-quarter results in macro-conditions which are far from auspicious is compelling evidence of the successful transformation of News Corp over the past decade.

News Corporation continues to navigate the evolving media landscape while maintaining its commitment to quality journalism and expanding its digital footprint across multiple markets and platforms.

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