A global media and information company spanning newspapers, book publishing, and property websites. Its brands include The Wall Street Journal, Barron's, The Sun, The Times, HarperCollins (the world's second-largest consumer book publisher), and real-estate sites Realtor.com and realestate.com.au. It grew out of an Adelaide newspaper Rupert Murdoch inherited from his father in 1952, and took its name from that news-publishing origin. In 2013 it split from its entertainment arm, 21st Century Fox, to focus on publishing.
10-K · Fiscal year ended Jun 30, 2026 · SEC filing ↗
News Corp FY2026 revenue rose 7% to $9.0B, but net income fell 51% as the prior year's $692M Foxtel sale gain did not recur.
The sale reshaped the numbers, but the continuing business grew. rose 7% to $9.0 billion and increased 13% to $1.05 billion, driven by Digital Real Estate Services and Dow Jones, while rose to $811 million. The company is now a leaner, cash-generating operation, but faces a housing market that has not yet stabilized.
Key takeaways
rose 7% to $9.0 billion, led by a 12% increase in Digital Real Estate Services and a 7% increase at Dow Jones.
increased 13% to $1.05 billion, with the widening 0.7 points to 11.6%.
fell 51% to $573 million, as the prior year included a $692 million gain from the sale of , which was reclassified to .
rose to $811 million from $571 million, supported by higher and the cessation of on the discontinued business.
Section summaries
Business
News Corp is a global diversified media and information services company operating in five segments: Dow Jones, Digital Real Estate Services, Book Publishing, News Media, and Other.
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The provides news, data, and business information through brands like The Wall Street Journal and Barron's, targeting both consumers and enterprise customers with products like Risk & Compliance and Factiva.
Dow Jones grew 10%, fueled by a 16% increase in Risk & Compliance and 8% growth in .
Book Publishing grew 6%, but fell 3% due to a $16 million and a $13 million customer receivable write-off.
What changed
The prior year flagged the U.S. housing downturn as a key watch item. 's lead volumes were not disclosed this year, but Digital Real Estate Services still rose 12%, suggesting 's Australian growth offset continued U.S. weakness.
The sustainability of News Media after the News UK printing joint venture savings was questioned. News Media Segment EBITDA fell 55% in Q3 and remained under pressure for the year, confirming the prior gains were not recurring.
The trajectory of was a focus after reaching $571 million in FY2025. It rose to $811 million, exceeding expectations as on the discontinued ceased.
The impact of NAR cooperative compensation rule changes on was flagged as a material threat. The risk factor was reiterated this year, and the lack of a disclosed recovery in Move's lead volumes suggests the threat has not abated.
Book Publishing's one-off charges were flagged in Q1 and Q2. The $16 million and $13 million bad debt charge proved to be the primary drag on full-year , which fell 3%.
What to watch
lead and transaction volumes next quarter to see if the U.S. housing market stabilizes after years of decline and the impact of NAR rule changes.
Book Publishing recovery to confirm whether the $16 million and $13 million receivable write-offs were truly one-off events.
growth as AI platform licensing deals, flagged as a new opportunity, begin to materialize.
deployment after rising to $811 million, with $643 million already used for stock repurchases during the year.
The includes a 62% stake in , which operates leading Australian property sites like realestate.com.au, and an 80% stake in , which operates in the U.S.
The , , is the world's second-largest consumer book publisher, generating 23% of its global consumer from digital formats like e-books and audiobooks.
The owns major news mastheads in Australia, the U.K., and the U.S., including The Australian, The Sun, The Times, and the New York Post, and generates primarily from circulation, subscriptions, and advertising.
The company is actively pursuing licensing and partnership arrangements with large technology and AI-focused platforms to monetize its content and is leveraging AI across segments for product innovation, such as personalized search in real estate and automated compliance reports.
News Corp faces intense competition from digital media, AI platforms, and other information services, and its operations are subject to evolving data privacy and security regulations across the U.S., Europe, and Australia.
Intensifying competition from AI-driven platforms, macroeconomic headwinds, and evolving industry dynamics pose material risks to revenue and operations.
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AI-powered platforms and tools are reducing referral traffic, commoditizing content, and enabling low-cost competition, directly threatening digital subscriptions and advertising .
Macroeconomic pressures, including elevated interest rates and low consumer confidence, continue to depress the U.S. real estate market and book publishing sales.
Changes to NAR rules and the shift of listings to private networks threaten the quality and quantity of 's listing data and agent lead purchases.
Unauthorized AI scraping and '' legal uncertainty undermine the value of the Company's intellectual property and licensing .
Dependence on a few key suppliers for cloud services, AI models, and data creates vulnerability to price hikes, service interruptions, or termination.
Evolving privacy laws and platform restrictions on tracking technologies are increasing compliance costs and reducing digital advertising effectiveness.
Total revenues grew 7% to $9.0B in FY2026, driven by Digital Real Estate Services and Dow Jones, while net income fell 45% to $743M due to the prior-year gain on discontinued operations.
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Consolidated revenues rose 7% to $9.0B, with Digital Real Estate Services up 12% on higher and revenues, and Dow Jones up 7% on circulation and subscription growth.
Dow Jones circulation and subscription increased 7%, led by a 16% jump in and 8% growth in , while digital-only subscriptions at The Wall Street Journal grew 8%.
Book Publishing grew 6% on higher physical book sales and acquisitions, but fell 3% due to a $16M and a $13M customer receivable write-off.
Total increased 15% to $1.6B, and rose to $811M from $571M, supported by higher .
The Company amended its credit agreement, increasing the revolving facility to $1B and extending maturities to 2031, and repurchased $643M of common stock during the year.
Quantitative and Qualitative Disclosures About Market Risk
Primary market risks are foreign-currency translation and interest-rate exposure, managed via natural offsets and interest-rate swaps.
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The company does not hedge on its Australian and U.K. net assets, as international cash flows are typically reinvested locally.
A one-cent move in USD/AUD and USD/GBP would annually impact by ~$37M and ~$11M, and by ~$12M and ~$2M.
Interest-rate risk arises from $500M in variable-rate bank facilities; the company uses a $450M notional interest-rate swap to fix floating-rate exposure on a portion of its .
A 10% adverse change in interest rates would have no material sensitivity impact on the fair value of the interest-rate derivatives as of June 30, 2026.
Credit risk is minimal: cash is held with reputable institutions, and are diversified across customers, markets, and geographies.