News Corp FY2026 share buybacks reach $643M
Fiscal 2026 revenue rose 7% to $9 billion, while free cash flow increased 42% to $811 million.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
News Corporation (NWS) reported that stockholders at its November 5, 2026 annual meeting elected all six director nominees, ratified Ernst & Young LLP as independent registered public accounting firm for fiscal 2027, and approved executive compensation on an advisory, nonbinding basis. On the advisory frequency vote, 99.3% selected an annual vote; the company said it will include that vote annually until the next required frequency vote.
Chief Executive Robert J. Thomson described fiscal 2026 results, including revenue of $9 billion, up 7%; Total Segment EBITDA of over $1.6 billion, up 15%; net income from continuing operations of $743 million, up 15%; and free cash flow of $811 million, up 42%. The company reported $643 million of share repurchases, at well over four times the prior year's rate. Digital Real Estate Services revenue rose 12% to $2 billion, and Segment EBITDA rose 23% to $741 million.
4 points · 0 major0 major · 0 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointFiscal 2026 revenue rose 7% to $9 billion.
- Moderate pointTotal Segment EBITDA increased 15% to over $1.6 billion.
- Moderate pointContinuing-operations net income increased 15% to $743 million.
- Moderate pointFree cash flow increased 42% to $811 million.
Negative
- None.
8-K Event Classification
3 items: 5.07, 7.01, 9.01
3 items
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Revenue: $9 billion
Total Segment EBITDA: Over $1.6 billion
Net income from continuing operations: $743 million
+4 more
7 metrics
Revenue
$9 billion
Fiscal 2026; up 7%
Total Segment EBITDA
Over $1.6 billion
Fiscal 2026; up 15%
Net income from continuing operations
$743 million
Fiscal 2026; up 15%
Free cash flow
$811 million
Fiscal 2026; up 42%
Share repurchases
$643 million
Fiscal 2026; at well over four times the prior year's rate
Digital Real Estate Services revenue
$2 billion
Fiscal 2026; up 12%
Digital Real Estate Services Segment EBITDA
$741 million
Fiscal 2026; up 23%
Key Terms
Total Segment EBITDA, free cash flow, ARPU
3 terms
Total Segment EBITDA financial
"Total Segment EBITDA increased 15% to over $1.6 billion"
Total segment EBITDA is the combined operating profit of a company’s individual business units measured before interest, taxes, depreciation and amortization; it adds up each segment’s EBITDA to show how much cash-generating profit the different parts of the business produce together. Investors use it like adding up the income from separate stores before shared costs and bank charges to see which areas drive performance, compare segment strength over time, and guide capital allocation decisions.
free cash flow financial
"free cash flow increased significantly, rising 42% to $811 million"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
ARPU financial
"digital direct subscription ARPU accelerated"
ARPU, or Average Revenue Per User, measures how much money a company earns, on average, from each of its customers over a set period. It helps investors understand how effectively a business is generating income from its customer base, similar to calculating how much each customer spends at a store. Higher ARPU often indicates stronger sales per customer and better revenue performance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were NWS's fiscal 2026 financial results?
News Corporation reported fiscal 2026 revenue of $9 billion, up 7%, and Total Segment EBITDA of over $1.6 billion, up 15%. Net income from continuing operations rose 15% to $743 million, while free cash flow rose 42% to $811 million.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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): November 5, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(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 | ||||||||||||
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 5.07 Submission of Matters to a Vote of Security Holders.
News Corporation (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”) on November 5, 2026. A brief description of the matters voted upon at the Annual Meeting and the voting results on such matters are set forth below. Each matter was decided by poll and all votes were submitted via valid proxies received before the Annual Meeting.
Proposal 1: The following individuals were each elected to serve as a Director of the Company:
Name | For | Against | Abstain | Broker Non-Votes | ||||||||||
| Lachlan K. Murdoch | 134,517,212 | 10,188,853 | 11,903 | 2,835,748 | ||||||||||
| 93.0% | 7.0% | |||||||||||||
| Robert J. Thomson | 144,152,401 | 556,892 | 8,675 | 2,835,748 | ||||||||||
| 99.6% | 0.4% | |||||||||||||
| José María Aznar | 118,304,666 | 26,402,736 | 10,566 | 2,835,748 | ||||||||||
| 81.8% | 18.2% | |||||||||||||
| Natalie Bancroft | 135,989,504 | 8,719,374 | 9,090 | 2,835,748 | ||||||||||
| 94.0% | 6.0% | |||||||||||||
| Ana Paula Pessoa | 140,573,702 | 4,134,125 | 10,141 | 2,835,748 | ||||||||||
| 97.1% | 2.9% | |||||||||||||
| Masroor Siddiqui | 135,856,150 | 8,852,036 | 9,782 | 2,835,748 | ||||||||||
| 93.9% | 6.1% | |||||||||||||
Proposal 2: A proposal to ratify the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2027 passed as follows:
For: | 145,814,371 | ||||
| 98.8% | |||||
Against: | 1,731,964 | ||||
| 1.2% | |||||
Abstain: | 7,381 | ||||
Broker Non-Votes: | 0 | ||||
Proposal 3: A proposal to approve, on an advisory, nonbinding basis, the Company’s executive compensation passed as follows:
For: | 138,558,006 | ||||
| 95.8% | |||||
Against: | 6,079,512 | ||||
| 4.2% | |||||
Abstain: | 80,450 | ||||
Broker Non-Votes: | 2,835,748 | ||||
Proposal 4: A proposal to vote, on an advisory, nonbinding basis, for the preference as to the frequency of future advisory votes to approve executive compensation was voted upon as follows:
1 Year: | 143,641,007 | ||||
| 99.3% | |||||
| 2 Years: | 6,116 | ||||
| 0.0% | |||||
3 Years: | 1,062,390 | ||||
| 0.7% | |||||
Abstain: | 8,455 | ||||
Broker Non-Votes: | 2,835,748 | ||||
The Company will include an advisory vote to approve executive compensation on an annual basis until the next required vote on the frequency of future advisory votes to approve executive compensation.
Item 7.01 Regulation FD Disclosure.
On November 5, 2026, Lachlan K. Murdoch, the Company’s Chair, and Robert J. Thomson, the Company’s Chief Executive, addressed stockholders at the Annual Meeting. A copy of Messrs. Murdoch’s and Thomson’s remarks prepared for the Annual Meeting is furnished as Exhibit 99.1 hereto.
The information under this caption Item 7.01, including information furnished in any related exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | Remarks of Messrs. Lachlan K. Murdoch and Robert J. Thomson prepared for the Company’s Annual Meeting of Stockholders on November 5, 2026. | |||||||
| 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: November 5, 2026
Exhibit 99.1
Remarks of the Chair and the Chief Executive
Prepared for the Annual Meeting of Stockholders
November 5, 2026
CHAIR:
Good morning. It is my pleasure to welcome you all to News Corp’s 2026 Annual Meeting of Stockholders. Fiscal 2026 marked another record year for the company, a testament to our essential journalism, expert analysis and high-quality data and information, which are irreplaceable commodities in the AI age. By expanding our digital expertise and developing our growth engines—Dow Jones, Digital Real Estate Services and Book Publishing—News Corp further proved that it is a crucial part of the new AI information ecosystem.
We are at an important intersection of extraordinary opportunity and responsibility. While we are proud to partner with principled companies that respect the value of our content, we remain equally dedicated to protecting the intellectual property that distinguishes our brands as trusted sources for audiences and customers around the world.
Our financial success in fiscal 2026 would not be possible without the enduring support of our shareholders and the consistent contributions of our employees. As the fortunes of many companies fluctuate in this environment, the creativity and curiosity that have always been foundational to News Corp only increase in value, and we have an imperative to ensure they prosper far into the future. We are dedicated to delivering value for our investors, and we will always be committed to fostering an open contest of ideas and championing the pursuit of truth. I want to thank our Chairman Emeritus, Rupert Murdoch, for his enduring example of leading with curiosity and integrity, as well as our Chief Executive, Robert Thomson, for his leadership of the company. As always, I am grateful to our employees for their hard work, and to our shareholders for their lasting support.
CHIEF EXECUTIVE:
To echo our Chair, fiscal 2026 was a record-breaking year for News Corp as we delivered record revenue and profitability on a continuing operations basis. Revenues rose 7% to $9 billion, Total Segment EBITDA increased 15% to over $1.6 billion and free cash flow increased significantly, rising 42% to $811 million. Our net income from continuing operations rose 15% to $743 million, and our enhanced cash position enabled us to aggressively return capital to shareholders, with the buyback accelerating to well over four times the prior year’s rate at $643 million.
Our sterling performance in fiscal 2026 was a product of sustained development of our core growth engines—Dow Jones, Digital Real Estate Services and Book Publishing. That positive trajectory, and the record profits, reflected our clear digital strategy and our focus on recurring revenues.
Fiscal 2026 was marked by a confluence of technological, economic and political turbulence. Much of the world is being reshaped by artificial intelligence, but it is only as useful as the integrity of its inputs. News Corp plays a crucial role in the emerging information ecosystem. Without our journalists, our authors, our data, our brands and our professional expertise, users would be drowning in a slimy sea of AI slop.
That is why we cultivate partnerships with principled companies who respect the importance of provenance. However, under our woo and sue approach, we are also taking aggressive action against those who pilfer and profit from stealing our content at scale.
Turning now to our segments, Dow Jones delivered impressive results, with revenues rising 7% to nearly $2.5 billion and Segment EBITDA growing 13% to $663 million. At an Investor Briefing in March, the team outlined a path to $1 billion in Segment EBITDA, and we are well on the way to reaching that milestone.
Dow Jones’ B-2-B continued to flourish, led by strength at Risk and Compliance and Dow Jones Energy, which benefitted from expanded product portfolios, and promise significant growth ahead in their respective markets.
Enterprise subscriptions continued to expand, and the Dow Jones news business finished the year with over 6.7 million total subscriptions, a 7% increase, while circulation revenues improved, digital direct subscription ARPU accelerated and digital advertising was buoyant in the fourth quarter.
In Digital Real Estate Services, both Realtor.com® and REA Group were resilient despite challenges in the U.S. and Australian housing markets. Together they posted an emphatic performance for the year, with revenues rising 12% to $2 billion, while Segment EBITDA burgeoned 23% to $741 million.
Realtor.com® closed fiscal 2026 with three straight quarters of double-digit growth and seven consecutive quarters of year-on-year expansion, even though U.S. mortgage rates remained elevated throughout the year. The focus on high-quality leads, AI product innovation and assiduous assistance for buyers, sellers and Realtors, has transformed the business’s fortunes. The team also continues to provide reliable real estate news and analysis, which has made Realtor.com® the largest site in America for residential property news.
In Australia, REA Group saw revenues increase 12% to $1.4 billion. Following the sale of REA India and the planned 35% investment in Distilled, the team remains focused on realizing the company’s potential and driving growth in lucrative adjacencies, including mortgage broking, and enhancing services for buyers, sellers and agents.
In Book Publishing, annual revenues reached $2.3 billion, exceeding the prior year by 6%. While full-year Segment EBITDA reflected two isolated write-offs, the fourth quarter finished with healthy year-on-year growth. We saw success across our list: from Rachel Reid’s Game Changers series and Senator John Kennedy’s How to Test Negative for Stupid and Ann Patchett’s Whistler. Digital demand across audiobooks and e-books was robust, and the Christian publishing business delivered sterling results.
Finally, in News Media, revenues gained 3% to reach $2.2 billion, thanks to favorable forex fluctuations, and higher circulation and subscription revenues. News UK benefitted from the World Cup, driving a 40% increase in streaming hours across News Broadcasting to over 9 million hours for the fourth quarter.
In an era of rapid evolution across the media landscape, the reach of our mastheads remained significant in fiscal 2026. We invested in new projects to strengthen that contemporary reach, including the successful launch of The California Post, while in Australia, the News24 brand has officially replaced Sky News.
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It was certainly a challenging year for many media companies, but News Corporation reported record revenues, record margins and record profits on a continuing operations basis. We cherish our principles and traditions, but, as is characteristic of our founding family, we will never be complacent, and we approach each day with energy and curiosity.
Our success is a testament to the astute leadership of our Chair Lachlan Murdoch and our Board of Directors, and the enduring resonance of our Chairman Emeritus, Rupert Murdoch. Our thanks also go to our teams around the world and to the shareholders who have been supportive on this auspicious journey.
Cautionary Statement Concerning Forward-Looking Statements
This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to the risks, uncertainties and other factors described in the Company’s filings with the Securities and Exchange Commission. More detailed information about factors that could affect future results is contained in our filings with the Securities and Exchange Commission. The “forward-looking statements” included in this document are made only as of the date of this document and 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.
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