Welcome to our dedicated page for News news (Ticker: NWSA), a resource for investors and traders seeking the latest updates and insights on News stock.
News Corp (NWSA) delivers authoritative journalism and digital innovation across news media, book publishing, and real estate platforms. This hub provides investors and professionals with essential updates from one of the world's most diversified media enterprises.
Access official press releases and curated news covering financial results, strategic partnerships, leadership changes, and operational developments. Our collection spans NWSA's core segments including digital property services through Realtor.com, HarperCollins publishing insights, and updates from global news brands.
Bookmark this page to monitor NWSA's evolving position in media technology and content distribution. Discover how traditional journalism expertise merges with digital transformation initiatives across multiple continents and business verticals.
Realtor.com®'s 2022 Housing Forecast predicts a competitive market for home buyers as demand from first-time buyers exceeds inventory recovery. Home sales are expected to rise by 6.6% year-over-year, reaching 6.0 million, marking the highest level in 16 years. Listing prices and rents will increase, with rents projected to grow by 7.1% and home prices by 2.9%. While affordability challenges persist, a recovering economy and increased flexibility in work arrangements may help buyers. The homeownership rate is expected to rise to 65.8% by year-end 2022.
News Corp announced that Chief Financial Officer Susan Panuccio will participate in the UBS Global TMT Virtual Conference on Tuesday, December 7, 2021, at 5:00pm EST. Interested parties can listen to the live webcast on the News Corp website, with a replay available afterward. News Corp, listed on Nasdaq under NWS and NWSA, is a diversified media and information services company, engaged in various sectors including digital real estate, subscription video services, and book publishing, primarily in the U.S., Australia, and the UK.
Realtor.com has launched new collaborative features to assist homebuyers in organizing their searches more efficiently. With 70% of first-time buyers shopping as couples, the platform enhances the experience by allowing users to create shared shopping carts and wish lists. The update facilitates easy coordination between partners and invites friends and family for input, ensuring all opinions are centralized for decision-making. A recent survey reveals that 79% of users shop together, with 85% valuing second opinions. The new features are available across various platforms.
In October 2021, U.S. home sales surged to record levels, continuing a trend of rapid sales despite seasonal slowdowns. Buyers are facing a tight inventory, with active listings down 21.9% year-over-year and a median listing price of $380,000, reflecting an 8.6% increase from last year. Homes sold faster, averaging 45 days on the market. However, new listings decreased by 2.3%, exacerbating the demand-supply mismatch, particularly in key metros like Raleigh. Chief Economist Danielle Hale attributes the robust demand to rising mortgage rates and increased rental prices.
News Corporation reported fiscal 2022 first quarter revenues of $2.50 billion, an 18% increase year-over-year, driven by strong performances in various segments. Net income rose to $267 million from $47 million, resulting in reported EPS of $0.33 compared to $0.06 in the prior year. Digital Real Estate Services segment saw a 47% revenue growth, while Dow Jones achieved record profitability. A $1 billion stock repurchase program was announced, reflecting confidence in sustained growth.
Rental prices in major U.S. tech cities surged, with September 2021 rents exceeding March 2020 levels by an average of 6.3%, according to Realtor.com®. Nationally, rents increased by 13.6% year-over-year for the second consecutive month. Cities like Austin saw remarkable increases, with rents up 22.3%. The national median rent reached a record $1,654. Despite the upward trend, experts suggest a potential cooling in rent growth during winter, as competition grows and seasonality returns.
News Corp will announce its first quarter Fiscal 2022 results on November 4, 2021, at 5:00 p.m. EDT. The company's CEO, Robert Thomson, and CFO, Susan Panuccio, will lead a call to discuss these results, with a live audio webcast available. Participants can join via phone or online, and a replay will be offered shortly after the call. News Corp is a diversified media and information services company, operating mainly in the U.S., Australia, and the U.K., providing digital real estate, subscription video services, news, and publishing.
HarperCollins Publishers has committed to becoming carbon neutral for its operational emissions by 2022. Partnering with Brite Green, the company aims to target Scope 1 and 2 emissions, focusing on on-site energy usage. As part of the News Corp Global Environmental Initiative, it plans to achieve net zero carbon emissions across its operations by 2050. Over the last five years, HarperCollins has reduced its energy consumption by nearly 30% and aims for a 60% reduction in operations and 20% in its supply chain by 2030.
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