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what it is
News Corp sells financial news, newspapers, books, and realtor.com ads to consumers, professionals, and home shoppers.
how it gets paid
Last year Nwsa made $8.5B in revenue. Dow Jones was the main engine at $2.38B, or 28% of sales.
why it's growing
Revenue grew 2.4% last year. Annual revenue still only grew 2.4%, even with gains at digital real estate and Dow Jones.
what just happened
Latest quarter revenue hit $4.5B, but EPS missed consensus at $0.40 versus $0.45 expected.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
20/100 earnings predictability — expect surprises
31.6x trailing p/e — you're paying up for this one
0.9% dividend yield — cash in your pocket every quarter
6.5% return on capital — nothing to write home about
xvary composite: 59/100 — below average
What they do
News Corp sells financial news, newspapers, books, and realtor.com ads to consumers, professionals, and home shoppers.
This company wins because your habits are sticky. If you read The Wall Street Journal, use Factiva, or search homes on realtor.com, switching is annoying and sometimes career-risky. Dow Jones is 28% of revenue, and Move grew 9% in the September period, so you get a slow core business plus one clearly faster lane.
How they make money
$8.5B
annual revenue · their business grew +2.4% last year
Dow Jones
$2.38B
up
News Media
$2.21B
flat
Book Publishing
$2.13B
flat
Digital Real Estate Services
$1.79B
+9%
The products that matter
financial news and professional information
Dow Jones
+6% recent growth
Dow Jones grew 6% on digital circulation and strength in risk & compliance. That's the kind of revenue stream investors usually trust more than advertising.
quality growth
digital real estate listings and leads
Move / Realtor.com
+9% recent growth
Move advanced 9% in the September period. That's a good reminder that NWSA is not just newspapers with a website.
faster lane
book publishing and news media
HarperCollins + News Media
mixed
News Media improved profit through pricing and cost savings. Book publishing was weaker because consumer spending softened and order timing hurt results. One portfolio, two very different stories.
the swing factor
Key numbers
31.6x
trailing p/e
P/E → price divided by earnings → so what: you are paying a premium multiple for a company with 2.0% projected sales growth.
$8.5B
annual revenue
This is a real scale business, but scale alone does not create upside when revenue only grew 2.4% vs. prior year.
17.0%
operating margin
Operating margin → money left after running the business → so what: the company is profitable, but not enough to hide slow growth.
6.5%
return on capital
Return on capital → profit earned on money put into the business → so what: 6.5% is okay, but it does not scream premium valuation.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 3 — safer than 50% of stocks
- price stability 75 / 100
- long-term debt $1.9B (11% of capital)
- net profit margin 7.8% — keeps 8 cents of every dollar in revenue
- return on equity 8% — $0.08 profit for every $1 investors have put in
B++ — functional but not a standout on the balance sheet.
Total return vs. market
You invested $10,000 in NWSA 3 years ago → it's now worth $14,080.
The index would have given you $14,770.
source: institutional data · total return
What just happened
missed estimates
Latest quarter revenue hit $4.5B, but EPS missed consensus at $0.40 versus $0.45 expected.
Annual revenue still only grew 2.4%, even with gains at digital real estate and Dow Jones. The quiet part is that a 91% quarterly revenue jump looks loud, while the full-year business still behaves like a slow grower.
$4.5B
revenue
$0.40
eps
17.0%
operating margin
the number that mattered
The number that matters is the 11.11% EPS miss, because expensive stocks with slow revenue growth usually do not get many free passes.
-
still, revenues increased 2% vs. prior year, driven by gains at the company’s digital real estate services and dow jones segments.
-
to wit, move, which operates realtor.com, registered a 9% revenue advance during the september period.
-
plus, higher professional information business revenues, owing to rising digital circulation revenues and strength from risk & compliance, enabled the top line at dow jones to grow 6%.
-
separately, the company’s news media arm recorded healthy profit improvement thanks to higher subscription pricing lifting circulation revenues and cost-savings measures.news corp. also registered weaker results at its book publishing business, due to softer consumer spending, as well as timing of certain customer orders.
-
the company will probably make modest progress this year.
source: company earnings report, 2026
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What could go wrong
The risk is not "media is hard." That's too vague to help you. The real risk is that NWSA's better businesses keep improving while the slower ones absorb the benefit.
med
mix shift stalls
Dow Jones grew 6% and Move grew 9%, but those assets still sit inside a broader portfolio with slower and weaker pieces.
If the faster segments stop gaining weight in the earnings mix, the 31.6x trailing multiple looks expensive rather than early.
med
consumer softness hits the publishing side
Management already pointed to softer consumer spending and order timing hurting book publishing.
That matters because a 5.9% net margin leaves less room for weak segments to underperform without dragging on the whole company.
med
the data picture stays messy
This page shows $4.5B annual revenue, a -46.7% change, and a $9B revenue estimate for fy2026. Those numbers do not form one tidy story.
If reported figures keep looking inconsistent, investors discount the narrative and wait for cleaner proof. Stocks rarely rerate on vibes alone.
The bull case is a business mix upgrade. The bear case is that the upgrade never gets clean enough for the market to pay up.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
Dow Jones growth rate
If the 6% growth pace holds or improves, the highest-quality part of the portfolio keeps making its case.
trend
Move / Realtor.com momentum
The recent 9% advance matters because digital real estate is one of the few visibly faster lanes in the company.
risk
publishing softness
If weaker consumer spending keeps hitting books, the slower units will keep muting progress elsewhere.
calendar
next earnings for cleaner segment proof
You want the next quarter to confirm the same pattern: subscriptions and professional information carrying more of the result.
Analyst rankings
short-term outlook
average
Momentum score 3. In human-speak, analysts think the stock is moving like the market, not making a statement of its own.
risk profile
average
Stability score 3 — not especially defensive, not unusually fragile. You still need the operating story to do the work.
chart momentum
bottom 5%
Technical score 5 is the weakest reading on the page. The market has not been rewarding this story lately.
earnings predictability
20 / 100
Low predictability means the quarter-to-quarter picture can swing more than you would like for a 31.6x trailing multiple.
source: institutional data
Institutional activity
institutions have been net buying for 3 consecutive quarters — 292 buyers vs. 242 sellers in 3q2025. total institutional holdings: 0.4B shares. net buying for 3 quarters.
source: institutional data
Price targets
3-5 year target range
$23
$42
$27
current price
$33
target midpoint · +24% from current · 3-5yr high: $55 (+105% · 20% ann'l return)
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