Strong beat across revenue, EBITDA, and EPS with accelerating growth in high-margin digital segments (Dow Jones professional info, REA Group). Accelerated buyback ($456M YTD vs $114M) signals management confidence. Watch for continued AI content deal momentum and Dow Jones' path to $1B EBITDA in 5 years. Q4 strength cited by management suggests full-year record profitability is on track.
Price Chart
Executive Summary
News Corp reported strong fiscal Q3 2026 results with total revenue of $2.19B (+9% YoY), net income of $121M (+13% YoY), and Total Segment EBITDA of $343M (+18% YoY). Growth was driven by Digital Real Estate Services (+17% revenue), Dow Jones (+8% revenue), and Book Publishing (+8% revenue), with management highlighting accelerated share buybacks and AI-related content deals.
Key Financial Metrics
Key Facts
- Q3 FY2026 revenue $2.19B, +9% YoY vs $2.01B
- Net income from continuing operations $121M, +13% YoY vs $107M
- Total Segment EBITDA $343M, +18% YoY vs $290M
- Reported EPS $0.16 vs $0.14 YoY; Adjusted EPS $0.21 vs $0.17 YoY
- Dow Jones revenue $619M (+8%), driven by 19% growth in Risk Compliance to $100M
- Digital Real Estate Services revenue $473M (+17%), REA Group +20% to $325M
- Book Publishing revenue $555M (+8%), led by Rachel Reid's Game Changers
- Free cash flow $535M for 9 months vs $539M prior year
- Share repurchases of $456M YTD vs $114M prior year, accelerated buyback program
- Management cited AI content deals with Meta and OpenAI as positive revenue/profitability drivers
Financial Impact
Revenue +$176M YoY, Net income +$14M YoY, Segment EBITDA +$53M YoY
Risk Factors
- News Media segment EBITDA declined 55% to $15M, dragged by News UK and California Post launch costs
- Free cash flow slightly down YTD ($535M vs $539M) due to higher capex ($280M vs $250M)
- Foreign currency fluctuations provided $88M revenue tailwind (5% of reported growth)
- Impairment and restructuring charges of $18M in the quarter, $67M YTD
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001564708-26-000101 |
| Document: 0001564708-26-000101-index-headers.html | 0001564708-26-000101 |
| Document: 0001564708-26-000101-index.html | 0001564708-26-000101 |
| Document: 0001564708-26-000101.txt | 0001564708-26-000101 |
| 8-K Data (Synthetic) | 0001564708-26-000101 |
Filters
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Jun 4, 2026 20w ago | 8-K | — | awaiting T+20 | — | — |
Jun 1, 2026 21w ago | 8-K | — | awaiting T+20 | — | — |
May 26, 2026 21w ago | 8-K | — | awaiting T+20 | — | — |
May 11, 2026 24w ago | 8-K | — | awaiting T+20 | — | — |
May 7, 2026 24w ago | 8-K | — | awaiting T+20 | — | — |
May 7, 2026 24w ago | 8-K | — | awaiting T+20 | — | — |
May 6, 2026 24w ago | 8-K | — | awaiting T+20 | — | — |
May 4, 2026 25w ago | 8-K | — | awaiting T+20 | — | — |
Apr 27, 2026 26w ago | 8-K | — | awaiting T+20 | — | — |
Apr 20, 2026 27w ago | 8-K | — | awaiting T+20 | — | — |
US Market Status
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