REA Group (ASX:REA), Telstra (ASX:TLS) and News Corp (ASX:NWS): Growth Prospects and Strategic Priorities

Sonal Goyal

22 October 2026 12:29 PM AEDT

REA Group (ASX:REA), Telstra (ASX:TLS) and News Corp (ASX:NWS): Growth Prospects and Strategic Priorities

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Key highlights

REA Group (ASX:REA) expects low double-digit Residential Buy yield growth in FY27 and national Buy listings flat to down low single digits.
Telstra (ASX:TLS) expects FY27 Underlying EBITDAaL of $8.5 to $8.8 billion.
News Corporation (ASX:NWS) reported record fiscal 2026 results and accelerated share buy-backs to US$643 million.

Property portals, telecommunications networks and media businesses compete for audiences and subscribers, and their outlook statements reflect those relationships. This article reviews the forward-looking statements of REA Group Ltd (ASX:REA), Telstra Group Limited (ASX:TLS) and News Corporation (ASX:NWS), based on their results for the year ended 30 June 2026.

The theme is how each company is positioning for the next phase: pricing and listings at REA, guidance and investment at Telstra and buy-backs and growth at News Corp.

REA Group Ltd (ASX:REA)

REA reported FY26 core net profit of $650 million, up 15%, revenue of $1,793 million, up 7%, and full-year dividends of $2.97 per share. Reported net profit was $552 million after a $111 million impairment of REA India. It executed a $200 million buy-back and announced the sale of Housing.com in India.

The company’s FY27 outlook said new national Buy listings are anticipated to be flat to down low single digits, after higher-than-expected Q4 FY26 listings. It anticipates low double-digit controllable Residential Buy yield growth, driven by an 8% Premiere+ price rise and growth in add-ons, and operating cost growth in the mid single digits excluding acquisitions. It planned an Investor Day for October 2026.

Telstra Group Limited (ASX:TLS)

Telstra reported FY26 EBITDAaL of $8.2 billion, up 3%, net profit after tax of $2.4 billion, up 2.7%, and a total dividend of 21 cents per share. Mobile users grew by more than 270,000.

For FY27, Telstra expects continued Underlying EBITDAaL growth with guidance between $8.5 billion and $8.8 billion, and business-as-usual capital expenditure of $3.35 to $3.65 billion. It said it remains focused on its Connected Future 30 targets for cash earnings growth, underlying ROIC and operating leverage, and that it will apply lessons from its July outage to network resilience investment.

News Corporation (ASX:NWS)

News Corp’s results for the fiscal year ended 30 June 2026, in US dollars, showed record revenue and profitability on a continuing basis, with growth of 7% and 15%, operating cash flow up 26% to US$1.24 billion and free cash flow up 42% to US$811 million. Share buy-backs accelerated to US$643 million.

In the fourth quarter, revenue rose 11% to US$2.34 billion and Total Segment EBITDA rose 31% to US$423 million, with REA Group revenue up 21%, Move revenue up 13% and Book Publishing revenue up 15%. The company’s forward position is therefore tied to digital real estate, subscriptions and publishing performance.

General risks to keep in mind

Property portals depend on listing volumes and housing market conditions, and price increases need to be accepted by customers. Telecommunications companies face competition, regulatory settings and the cost of network resilience and capital programs, including after outages. Media companies are exposed to advertising and subscription demand, and to currency translation for US dollar reporters. Guidance and outlook statements depend on assumptions about market conditions and execution.

What investors might be watching

REA’s listings volumes and the uptake of its Premiere+ price rise, plus its October 2026 Investor Day.
Telstra’s delivery against its EBITDAaL and capex ranges, and any update on network resilience.
News Corp’s buy-back pace and the performance of REA, Move and Book Publishing.
Interest rates and housing activity as they affect property portals.
Competitive developments in mobile and fixed telecommunications.

What lies in store for the three companies

REA, Telstra and News Corp each combine FY26 results with specific forward measures: yield and listings expectations, EBITDAaL and capex ranges, and buy-back momentum. Future results will show how those measures compare with outcomes.

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