Company file · NWS

News Corp (Class B)

Digital Real Estate Services was News Corp (Class B)'s fastest-growing segment in FY2026, up 11.9%

Revenue rose 6.8% to $9.0B in FY2026, from $8.5B in FY2025. Net income fell 51.4% to $573M. Dow Jones was the largest segment, at 28% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2026 (filed Aug 7, 2026) · Latest quarter: 10-Q for the quarter ended Sep 30, 2026 (filed Nov 5, 2026) · Data pulled Nov 11, 2026

Key facts

News Corp (Class B) (Nasdaq: NWS) closed fiscal 2026 on Jun 30, 2026 with revenue of $9.0B, up 6.8% from a year before; net income came to $573M, down 51.4%. Its newest quarterly report covers the three months to Sep 30, 2026: revenue of $2.3B, up 6.4% on the same stretch of the prior year, and net income of $159M. Broken down by segment, Dow Jones led with 28% of fiscal 2026 revenue. Sources: 10-K for fiscal 2026 (filed Aug 7, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Nov 5, 2026).

Revenue$9.0BFY2026 · +6.8% vs FY2025

Net income$573MFY2026 · −51.4% vs FY2025

Cash & equivalents$1.8Bat Sep 30, 2026 · −15.2% vs FY2026 end

Total debt$2.0Bat Sep 30, 2026 · +1.2% vs FY2026 end

Diluted shares558MFY2026 avg · −2.0% vs FY2025

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2026, filed Aug 7, 2026

Quarterly revenue: fiscal 2027 vs a year earlierFiscal Q1, $bn (each quarter from that quarter's 10-Q)

FY2026FY2027

Source: 10-Q filed Nov 5, 2026

How it makes money

By segment, FY2026

LineAmountSharevs FY2025
Dow Jones$2.5B28%+7.1%
Book Publishing$2.3B25%+6.5%
News and Information Services$2.2B25%+2.6%
Digital Real Estate Services$2.0B22%+11.9%

Source: 10-K FY2026, XBRL breakdown

By segment in FY2026: Dow Jones (28%), Book Publishing (25%), News and Information Services (25%) and Digital Real Estate Services (22%), as shares of total revenue. Total revenue was $9.0B.

By segment: three-year mixShare of the total each fiscal year

FY2024

27%25%28%20%

FY2025

28%25%26%21%

FY2026

28%25%25%22%

Dow JonesBook PublishingNews and Information ServicesDigital Real Estate Services

Source: 10-K FY2026

By product or service, FY2026

Circulation and Subscription$3.2B35%+6.4%

Consumer$2.2B24%+6.7%

Real Estate$1.6B17%+11.4%

Advertising$1.4B15%+1.8%

Other Product or Service$678M8%+9.5%

Share is of the FY2026 total; the last column is the change from FY2025.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q1 FY2027 (Jul to Sep 2026) compared with Q1 FY2026 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q1 FY2027Q1 FY2026

Company

Revenue

$2.3B Q1 FY2027

$2.1B Q1 FY2026

6.4% increase

Net income

$159M Q1 FY2027

$112M Q1 FY2026

42.0% increase

Source: News Corp (Class B) 10-Q for the quarter ended Sep 30, 2026, filed Nov 5, 2026

By segment

Dow Jones

$630M Q1 FY2027

$586M Q1 FY2026

7.5% increase

Book Publishing

$582M Q1 FY2027

$534M Q1 FY2026

9.0% increase

News and Information Services

$540M Q1 FY2027

$545M Q1 FY2026

0.9% decrease

Digital Real Estate Services

$529M Q1 FY2027

$479M Q1 FY2026

10.4% increase

Source: News Corp (Class B) 10-Q for the quarter ended Sep 30, 2026, filed Nov 5, 2026

Cash & equivalents $1.8B at Sep 30, 2026, vs $2.1B at FY2026 end.
Total debt $2.0B at Sep 30, 2026, vs $2.0B at FY2026 end.

The bull case and the bear case

The bull case

Revenue rose 6.8% in FY2026 to $9.0B, from $8.5B a year earlier. 10-K, FY2026
Diluted shares fell 2.0% in FY2026, so each share represents a larger slice of profit. 10-K, FY2026
Revenue in the quarter ended Sep 30, 2026 was $2.3B, up 6.4% on a year earlier. 10-Q, quarter ended Sep 30, 2026
Net income in the quarter ended Sep 30, 2026 was $159M, up 42.0% on a year earlier. 10-Q, quarter ended Sep 30, 2026

The bear case

Net income fell 51.4% in FY2026 to $573M, from $1.2B. 10-K, FY2026
The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include competition; advertising and consumer spending; content and rights costs. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

News Corp (Class B) is in the publishing industry, part of the communication services sector. The SEC files it under Newspapers: Publishing Or Publishing & Printing.

News Corp (Class B) reports 4 segments: Dow Jones, Book Publishing, News and Information Services and Digital Real Estate Services.

Its fiscal year ends in June; the latest, FY2026, ended Jun 30, 2026.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the publishing industry. They are not a summary of News Corp (Class B)’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

CompetitionRivals and new platforms compete for audiences, advertisers and subscribers.
Advertising and consumer spendingAd budgets and subscriptions follow the economy.
Content and rights costsProgramming, rights and network costs can rise faster than revenue.
RegulationMedia, privacy and competition rules can limit what it can do.
Technology changeShifts in how people watch, listen and connect can make products less relevant.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2024	FY2025	FY2026
Revenue	$8.3B	$8.5B	$9.0B
Net income	$266M	$1.2B	$573M
Cash & equivalents (year end)	$1.9B	$2.4B	$2.1B
Total debt (year end)	$2.1B	$2.0B	$2.0B
Diluted shares	574M	570M	558M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: The current part of long-term debt plus long-term debt, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

News Corp (Class B) names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended Jun 30, 2026.

What we left out

Operating cash flow: the company's filing data doesn't carry it for all the years shown, so it isn't shown.

Recent filings

Form	Filed	Period
10-Q	Nov 5, 2026	Sep 30, 2026
DEF 14A	Sep 23, 2026	Nov 5, 2026
10-K	Aug 7, 2026	Jun 30, 2026

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about News Corp (Class B)

How does News Corp (Class B) make money?

Fiscal 2026 revenue: $9.0B. By segment in FY2026: Dow Jones (28%), Book Publishing (25%), News and Information Services (25%) and Digital Real Estate Services (22%), as shares of total revenue. Total revenue was $9.0B. Source: 10-K for fiscal 2026, filed Aug 7, 2026.

What was News Corp (Class B)'s revenue in fiscal 2026?

$9.0B, up 6.8% from fiscal 2025 ($8.5B). The year ended Jun 30, 2026; for fiscal 2024 the figure was $8.3B. Source: 10-K for fiscal 2026, filed Aug 7, 2026.

Is News Corp (Class B) profitable?

Net income was $573M in fiscal 2026 (down 51.4%; fiscal 2025 was $1.2B). That counts as a GAAP profit. The latest quarter, ended Sep 30, 2026: net income was $159M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Aug 7, 2026.

What did News Corp (Class B) report in its latest quarterly filing?

For the three months to Sep 30, 2026: revenue $2.3B (up 6.4% from $2.1B) and net income $159M (up 42.0% from $112M). Source: 10-Q for the quarter ended Sep 30, 2026, filed Nov 5, 2026.

How much cash and debt does News Corp (Class B) have?

As of Sep 30, 2026: $1.8B of cash and cash equivalents, $2.0B of total debt. Total debt here is the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Nov 5, 2026.

What are the main risks News Corp (Class B) faces?

News Corp (Class B)'s own risk factors are in Item 1A of its 10-K for fiscal 2026, filed Aug 7, 2026. Risks that are common among companies in the publishing industry include Competition; advertising and consumer spending; content and rights costs; regulation; technology change. The first: Rivals and new platforms compete for audiences, advertisers and subscribers. Source: 10-K, Item 1A Risk Factors.

Where do these News Corp (Class B) numbers come from?

The 10-K filed Aug 7, 2026 (fiscal 2026) and the 10-Q filed Nov 5, 2026 (quarter ended Sep 30, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning News Corp (Class B)

Point72 Asset Management Class A: 7,623,404 shares, reported value $189.3M at Jun 30, 2026 (−32.0% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Millennium Management: 3,121,922 shares, reported value $77.5M at Jun 30, 2026 (+1,306.4% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Starboard Value Class B: 2,431,081 shares, reported value $68.2M at Jun 30, 2026 (−6.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Starboard Value Class A: 2,040,100 shares, reported value $50.7M at Jun 30, 2026 (−63.6% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Renaissance Technologies: 1,120,200 shares, reported value $27.8M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 13, 2026.
Citadel Advisors Class A: 932,698 shares, reported value $23.2M at Jun 30, 2026 (−54.3% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Millennium Management: 669,683 shares, reported value $18.8M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
Point72 Asset Management Class B: 303,874 shares, reported value $8.5M at Jun 30, 2026 (+3,069.3% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Citadel Advisors Class B: 186,046 shares, reported value $5.2M at Jun 30, 2026 (+448.8% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Two Sigma Investments: 112,453 shares, reported value $2.8M at Jun 30, 2026 (+39.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in NWS: The editor holds no position in News Corp (Class B) (NWS). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell NWS from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 10, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold NWS, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
News Corp (Class B)NWS	FY2026	$9.0B	+6.8%	$573M
Meta	FY2025	$201.0B	+22.2%	$60.5B
NetflixNFLX	FY2025	$45.2B	+15.9%	$11.0B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.