News Corp (ASX:NWS) Growth Outlook: Key Takeaways From the Latest Annual Report

Sonal Goyal

20 October 2026 03:22 PM AEDT

News Corp (ASX:NWS) Growth Outlook: Key Takeaways From the Latest Annual Report

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Key highlights

News Corp reported fiscal 2026 Revenue up 7% to US$9.03 billion and total segment EBITDA up 15% to US$1.63 billion on 5 August 2026.
Net income from continuing operations rose 15% to US$743 million, and free Cash Flow was US$811 million.
Fourth-quarter revenue rose 11% to US$2.34 billion.

News Corporation (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) reported its fourth quarter and full year results for fiscal 2026 on 5 August 2026 through an ASX announcement. The release covered revenue, Earnings and cash flow across its media and information services segments. Figures are in US dollars.

About News Corp

News Corp is a global media and information services company headquartered in New York. Its businesses include Dow Jones, digital real estate services, book publishing and news and information services, operating mainly in the United States, Australia and the United Kingdom.

Full-year results

Fiscal 2026 revenues rose 7% to $9.03 billion. Net Income from continuing operations increased 15% to $743 million, and total segment EBITDA was up 15% to $1.63 billion. Operating Cash Flow increased 26% to $1.24 billion, and free cash flow of $811 million was 42% higher than the prior year, helped by fourth-quarter results and Working Capital improvements.

Fourth-quarter results

Fourth-quarter revenues were $2.34 billion, up 11% from $2.11 billion, driven by growth in Digital Real Estate Services, Book Publishing and Dow Jones. Net income from continuing operations was $230 million, up from $86 million. Total segment EBITDA was $423 million, up 31%. Reported EPS from continuing operations was $0.33 against $0.09, and adjusted EPS was $0.35 against $0.19.

Dow Jones

Dow Jones revenues rose 7% in the quarter, with segment EBITDA up 20%, benefiting from higher content licensing and digital circulation revenues, an 11% increase in Dow Jones Risk and Compliance revenues and a 10% increase in digital Advertising revenues.

Risks to consider

Media businesses are exposed to advertising markets, subscription trends and the Economics of digital distribution. Content licensing revenue can be lumpy and depends on agreements that may change.

Digital real estate and book publishing results depend on housing and consumer markets, and the company operates across three main economies. The fourth quarter was described as unusually high, so quarterly growth rates may not persist.

Catalysts to watch

Items to watch include Dow Jones content licensing and digital circulation trends, digital real estate performance, book publishing, free cash flow, and the first-quarter fiscal 2027 result.

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