What share repurchase program did News Corporation (NWS) describe in this filing?

News Corporation describes its 2025 Repurchase Program authorizing buybacks of up to US$1 billion of Nasdaq-listed Class A and Class B common stock. The program was authorized as of 15 July 2025 and allows repurchases in the open market or otherwise, subject to market and legal factors.

What price range has News Corporation (NWS) paid per share in its 2025 buybacks?

For one class, reported buyback prices range from US$22.20 (on 9 February 2026) to US$28.975 (on 17 July 2026). For the other class, prices range from US$25.49 (on 13 February 2026) to US$32.89 (on 17 July 2026) during the same program.

Who is the broker for News Corporation’s (NWS) on-market share buybacks?

News Corporation identifies Goldman Sachs & Co. LLC as the broker that will offer to buy back securities on its behalf. This broker is named for both Appendix 3C notifications covering the on-market components of the 2025 Repurchase Program for its Nasdaq-listed shares.

News Corporation (Nasdaq: NWS) outlines US$1B share repurchase activity

Q: How many shares has News Corporation (NWS) repurchased under the 2025 program as of 22 July 2026?

As of 22 July 2026 , News Corporation reports repurchasing 9,697,532 securities in one class and 4,589,785 in another. On that previous day alone, the company bought back 66,163 and 28,800 securities, respectively, under the on-market buy-back arrangements.

Q: What total cash consideration has News Corporation (NWS) paid for these buybacks?

For the reported period, News Corporation states it paid US$245,634,450.04 to repurchase 9,697,532 securities in one class and US$132,105,616.10 for 4,589,785 securities in the other class. These figures reflect cumulative cash consideration up to the end of 22 July 2026 .

Q: Are ASX-listed CDIs included in News Corporation’s (NWS) 2025 Repurchase Program?

No. The company explicitly states that no ASX-listed CDIs will be repurchased under the 2025 Repurchase Program. The buybacks instead target Nasdaq-listed Class A and Class B common stock, while complying with Australian Securities Exchange disclosure requirements via Appendix 3C notifications.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

News Corporation describes ongoing share repurchases under its 2025 Repurchase Program, which authorizes buybacks of up to US$1 billion of Nasdaq-listed Class A and Class B common stock. The repurchases are conducted in the open market or otherwise, with Goldman Sachs & Co. LLC acting as broker, and exclude any ASX-listed CDIs.

ASX Appendix 3C notifications show one class with 360,481,225 securities on issue and another with 142,705,333. As of 22 July 2026, the company reports buybacks totaling 9,697,532 securities in one class for US$245,634,450.04 and 4,589,785 in the other for US$132,105,616.10, including daily purchases of 66,163 and 28,800 securities on that date. Reported buyback prices for these classes have ranged from US$22.20 to US$28.975 and from US$25.49 to US$32.89 in 2026. The company characterizes its repurchase intentions as forward-looking and subject to market, legal and other factors.

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8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Repurchase authorization: US$1 billion Securities on issue – class 1: 360,481,225 Securities on issue – class 2: 142,705,333 +5 more

8 metrics

Repurchase authorization US$1 billion Maximum aggregate value of Class A and Class B stock under the 2025 Repurchase Program

Securities on issue – class 1 360,481,225 Total number of securities on issue in one repurchased class

Securities on issue – class 2 142,705,333 Total number of securities on issue in the other repurchased class

Cumulative buybacks – class 1 9,697,532 Total securities bought back before 22/07/2026 for one class

Cumulative buybacks – class 2 4,589,785 Total securities bought back before 22/07/2026 for the other class

Consideration for class 1 buybacks US$245,634,450.04 Total cash consideration for 9,697,532 repurchased securities in one class

Consideration for class 2 buybacks US$132,105,616.10 Total cash consideration for 4,589,785 repurchased securities in the other class

Highest buyback price – class 2 US$32.89 Highest on-market buyback price for the second class as of 17/07/2026

Key Terms

Repurchase Program, on-market buy-back, forward-looking statements, ASX-listed CDIs, +1 more

5 terms

Repurchase Program financial

"under News Corporation's stock repurchase program (the "Repurchase Program")"

A repurchase program is when a company buys back its own shares from the open market. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's future. For investors, it often suggests that the company believes its stock is undervalued and can be a sign of financial strength.

on-market buy-back financial

"Answer these questions if your response to Q 2.1 is "On-market buy-back""

forward-looking statements regulatory

"Such information contains "forward-looking statements" within the meaning of the Act"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

ASX-listed CDIs regulatory

"No ASX-listed CDIs will be repurchased in these programs."

Appendix 3C regulatory

"Appendix 3C Notification of buy-back Information or documents not available"

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Available on EDGAR 07/23/2026 - 09:02 AM Accepted by SEC EDGAR 07/22/2026 - 07:12 PM

FAQ

How many shares has News Corporation (NWS) repurchased under the 2025 program as of 22 July 2026?

As of 22 July 2026, News Corporation reports repurchasing 9,697,532 securities in one class and 4,589,785 in another. On that previous day alone, the company bought back 66,163 and 28,800 securities, respectively, under the on-market buy-back arrangements.

What total cash consideration has News Corporation (NWS) paid for these buybacks?

For the reported period, News Corporation states it paid US$245,634,450.04 to repurchase 9,697,532 securities in one class and US$132,105,616.10 for 4,589,785 securities in the other class. These figures reflect cumulative cash consideration up to the end of 22 July 2026.

Are ASX-listed CDIs included in News Corporation’s (NWS) 2025 Repurchase Program?

No. The company explicitly states that no ASX-listed CDIs will be repurchased under the 2025 Repurchase Program. The buybacks instead target Nasdaq-listed Class A and Class B common stock, while complying with Australian Securities Exchange disclosure requirements via Appendix 3C notifications.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 22, 2026

NEWS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

001-35769

46-2950970

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

1211 Avenue of the Americas, New York, New York 10036

(Address of principal executive offices, including zip code)

(212) 416-3400

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, par value $0.01 per share

NWSA

The Nasdaq Global Select Market

Class B Common Stock, par value $0.01 per share

NWS

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

As previously reported, under News Corporation's (the "Company's") stock repurchase program (the "Repurchase Program"), the Company is authorized to acquire from time to time up to $1 billion in the aggregate of the Company's outstanding shares of Class A common stock and Class B common stock. Under the rules of the Australian Securities Exchange (the "ASX"), the Company is required to provide to the ASX, on a daily basis, disclosure of transactions pursuant to the Repurchase Program, if any. The Company also discloses information concerning the Repurchase Program in the Company's quarterly and annual reports.

Attached as Exhibit 99.1 and Exhibit 99.2 are copies of the information provided to the ASX on the respective dates noted therein. Such information contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the Company's intent to repurchase, from time to time, the Company's Class A common stock and Class B common stock. These statements are based on management's current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by such statements due to, among other factors, changes in the market price of the Company's stock, general market conditions, applicable securities laws and alternative investment opportunities, as well as the risks, uncertainties and other factors described in the Company's filings with the Securities and Exchange Commission. The "forward-looking statements" included in such information are made only as of the date of this report. We do not have and do not undertake any obligation to publicly update any "forward-looking statements" to reflect subsequent events or circumstances, and we expressly disclaim any such obligation, except as required by law or regulation.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.						Description
99.1						Information provided to the Australian Securities Exchange on the date noted on Exhibit 99.1.
99.2						Information provided to the Australian Securities Exchange on the date noted on Exhibit 99.2.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



			NEWS CORPORATION (REGISTRANT)


			By:						/s/ Michael L. Bunder
									Michael L. Bunder
									Senior Vice President, Deputy General Counsel and Corporate Secretary

Dated: July 23, 2026


+Rule 3.8A

Appendix 3C

Notification of buy-back

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

*Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.

Part 1 – Entity and announcement details


Question no	Question	Answer
1.1	*Name of entity We (the entity named above) provide the following information about our buy-back	NEWS CORPORATION
1.2	*Registration type and number Please supply your ABN, ARSN, ARBN, ACN or another registration type and number (if you supply another registration type, please specify both the type of registration and the registration number).	ARBN 163882933
1.3	*ASX issuer code	NWS
1.4	*The announcement is Select whichever is applicable.	☐ New announcement ☐ Update/amendment to previous announcement ☐ Cancellation of previous announcement ☒ Daily buy-back notification Not applicable for selective buy-backs (complete Part 4) ☐ Final buy-back notification (complete Part 5)
1.4b	*Reason for update Answer this question if your response to Q 1.4 is “Update/amendment to previous announcement”.
1.4c	*Date of initial notification of buy-back Answer this question if your response to Q 1.4 is “Update/amendment to previous announcement” or “Cancellation of previous announcement”.
1.4d	*Date of previous announcement to this update Answer this question if your response to Q 1.4 is “Update/amendment to previous announcement”.
1.5	*Date of this announcement	23/07/2026
1.6	*Class of +securities the subject of the buy-back: Note: only one type of buy-back for one class of security can be advised in this notification. If a buy-back extends to more than one class of security, a separate notification is required for each class.	ASX Security Code: NWSAA Security Description: COMMON STOCK CLASS A


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5 June 2021 Page 1


Appendix 3C Notification of buy-back

Part 2 –Type of buy-back


Question No.	Question	Answer
2.1	*The type of buy-back is Note this form is not required for minimum holding buy-backs (i.e. buy-backs of unmarketable parcels). The only notification required to ASX for a minimum holding buy-back is the lodgement of an Appendix 3H within 5 business days of the completion of the minimum holding buy-back notifying ASX of the cancellation of the securities bought back in accordance with listing rule 3.8A.	☐ Employee share scheme buy-back ☐ On-market buy-back ☐ Equal access scheme buy-back ☐ Selective buy-back ☒ Other buy-back Select one item. Note: “Other buy-back” does not include a minimum holding buy-back. The section “Other buy-back” will generally only be applicable to an entity established outside Australia.
2.2	Please describe the type of buy-back Answer this question if your response to Q 2.1 is “Other buy-back”.	Repurchase program for up to an aggregate of US$1 billion of the Company’s Nasdaq-listed Class A common stock and Class B common stock authorized as of July 15, 2025 (the “2025 Repurchase Program”). Subject to market conditions and the market price of the Company’s stock, as well as other factors, the Company intends to repurchase, from time to time, in the open market or otherwise, a combination of the Company’s Class A common stock and Class B common stock. No ASX-listed CDIs will be repurchased in these programs.

Part 3 –Buy-back details

Part 3A – Details of +securities, price and reason


3A.1	*Total number of +securities on issue in the class of +securities to be bought back	360,481,225
3A.2	*Total number of +securities proposed to be bought back Answer this question if your response to Q 2.1 is “Employee share scheme buy-back, “Selective buy-back” or “Other buy-back”.	The Company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock under the 2025 Repurchase Program.
3A.4	*Does the entity intend to buy back a minimum number of +securities Answer this question if your response to Q 2.1 is “On-market buy-back”.	No
3A.5	*Does the entity intend to buy back a maximum number of securities? Answer this question if your response to Q 2.1 is “On-market buy-back”	Yes


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Appendix 3C Notification of buy-back


3A.5a	*Maximum number of +securities proposed to be bought back Answer this question if your response to Q 2.1 is “On-market buy-back” and your response to Q 3A.5 is “Yes”.	The Company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock under the 2025 Repurchase Program.
3A.6	*Name of broker or brokers who will offer to buy back +securities on the entity’s behalf Answer this question if your response to Q 2.1 is “On-market buy-back”.	Goldman Sachs & Co. LLC
3A.9	*Are the +securities being bought back for a cash consideration? Note: if the securities are being bought back for nil cash consideration, answer this question “No”.	Yes
3A.9a	*Is the price to be paid for +securities bought back known? Answer this question if your response to Q 3A.9 is “Yes”.	No
3A.9a(i)	*In what currency will the buy-back consideration be paid? Answer this question if your response to Q 3A.9 is “Yes”. Note: all prices below are to be expressed in this currency.	USD – US Dollar
3A.12	*Reason for buy-back Answer this question if your response to Q 2.1 is “Other buy-back”.	To enhance shareholder value

Part 3B – Buy-back restrictions and conditions


3B.1	*Does the buy-back require security holder approval? Disregard any security holder approval that has already been obtained.	No
3B.2	*Are there any restrictions on foreign participation in the buy-back Answer this question if your response to Q 2.1 is “Equal access scheme buy-back”, “Selective buy-back” or “Other buy-back”.	No
3B.3	*Are there any other conditions that need to be satisfied before the buy-back offer becomes unconditional Answer this question if your response to Q 2.1 is “Employee share scheme buy-back, “Equal access scheme buy-back”, “Selective buy-back” or “Other buy-back”	No

Part 3C - Key dates


Employee Share Scheme, Selective and Other Buy-Backs Answer the questions in this part if your response to Q 2.1 is “Employee share scheme buy-back”, “Selective buy-back” or “Other buy-back”
3C.1	*Anticipated date buy-back will occur	22/9/2021

Part 3D – Other information


3D.1			Any other information the entity wishes to notify to ASX about the buy-back


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Appendix 3C Notification of buy-back

Part 4 – Daily buy-back notification

Answer the questions in this part if your response to Q 2.1 is “Employee share scheme buy-back”, “On-market buy-back”, “Equal access share scheme buy-back” or “Other buy-back”) and you are giving a daily buy-back notification under listing rule 3.8A.

A daily buy-back notification must be submitted for these types of buy-backs at least half an hour before the commencement of trading on the business day after any day on which securities are bought back (per listing rule 3.8A).


4.1	*Date of this notification		23/07/2026
4.2	*Previous day on which +securities were bought back		22/07/2026
		Before previous day	On previous day
4.3	*Total number of +securities bought back, or in relation to which acceptances have been received	9,697,532	66,163
4.4	*Total consideration paid or payable for the +securities	US$245,634,450.04	US$1,816,458.85
4.5	*Highest price paid Answer these questions if your response to Q 2.1 is “On-market buy-back”.	US$28.975 *Date highest price was paid: 17/07/2026	US$27.79
4.6	*Lowest price paid Answer these questions if your response to Q 2.1 is “On-market buy-back”.	US$22.20 *Date lowest price was paid: 09/02/2026	US$27.295
4.8	*If the entity has disclosed an intention to buy back a maximum number of +securities, the remaining number of +securities to be bought back as at the end of the previous day Note: ASX has calculated this number for you based on previous notifications. If it is not correct, please amend it to the correct number and consider whether any updates need to be made to previous notifications.		The company is authorized to acquire up to an aggregate of US$1 billion of the Company’s Nasdaq-listed Class A common stock and Class B common stock under the 2025 Repurchase Program. To date, the company has purchased approximately US$380,451,157 worth of Class A and Class B shares (based on total consideration paid) under the 2025 Repurchase Program.

Introduced 05/06/21


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5 June 2021 Page 4


+Rule 3.8A