Thomson said News Corp’s digital mix rose to 62% in fiscal 2025 from 22% in 2014, and that excluding HarperCollins, the business was 72% digital. He also said segment EBITDA margin improved to nearly 17% last fiscal year from 11% in 2014.Chief Executive Robert Thomson said News Corp has transformed over the past decade through portfolio reshaping, becoming a “majority digital company” with higher recurring revenue and expanding margins. He cited record profitability last year on a continuing operations basi ...

Mar 18, 2026 12:30 PM Eastern Daylight Time Dow Jones Special Committee Elects Melanie Kirkpatrick Share NEW YORK--(BUSINESS WIRE)--The Dow Jones Special Committee, established as part of the acquisition of Dow Jones & Co. by News Corp in late 2007, has elected Melanie Kirkpatrick to succeed Tom Bray. Kirkpatrick, an author and retired journalist who spent most of her career at The Wall Street Journal, will serve out Bray's term ending Dec. 31, 2029, at which time she would be eligible for reelection to a f ...

News Corp (NasdaqGS:NWS) Update / briefing March 16, 2026 04:00 PM ET Company ParticipantsAlmar Latour - CEODavid Karnovsky - Managing DirectorEmma Tucker - Editor-in-ChiefJared DiPalma - Deputy CFOJoel Lange - EVP and General Manager of Dow Jones RiskLachlan Murdoch - ChairmanLisa Fitzpatrick - General Manager of IndustriesMichael Florin - SVP and Head of Investor RelationsRobert Thomson - Chief ExecutiveSarah Cottle - EVP and General Manager of Dow Jones EnergyScott Havens - Chief Growth Officer and Globa ...

This presentation contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements and information that are not historical fact are forward-looking statements. The words "expect," "estimate," "anticipate," "predict," "outlook," "believe," "will," "should" and similar expressions and variations thereof are intended to identify forward-looking statements. These statements appear in a number of places in this presentation and include state ...

Core Insights - Meta Platforms, Inc. has signed a licensing deal with News Corp worth up to $50 million annually, highlighting the increasing investment by Big Tech in journalism to enhance AI tools [1][2] Group 1: Deal Details - The agreement is set for a minimum of three years, granting Meta access to News Corp's content from the US and UK, enabling the use of fresh reporting for AI products and training systems on additional material, including archives [2] - News Corp has previously entered a separate AI deal with OpenAI, potentially valued at over $250 million over five years, indicating a competitive landscape for content licensing among tech companies [3] Group 2: Market Reactions - Meta's stock experienced a slight increase of 0.23% during regular trading but fell by 0.14% in after-hours trading, closing at $654.15 [3] - News Corp's Class A shares decreased by 0.67% during the regular session but rose by 1.64% in after-hours trading, while Class B shares fell by 0.72% and increased by 1.65% in extended trading [4]

Group 1 - Andrew McLeod is the Head of TMT Research at Morgan Stanley's Australian research team [2] - Sean Diffley has recently assumed the role of Head of Media and Entertainment research for the U.S. [2] - The discussion at the Morgan Stanley TMT Conference focuses on the News Corp business [2]

Summary of News Corp Conference Call Company Overview - **Company**: News Corp (NasdaqGS:NWS) - **Event**: Morgan Stanley TMT Conference - **Date**: March 02, 2026 Key Points Portfolio and Business Performance - News Corp has undergone significant changes since the split from Fox, focusing on refining its portfolio and enhancing digital growth, particularly in Dow Jones, digital real estate, and HarperCollins publishing [8][11] - The company has achieved 11 consecutive quarters of year-on-year EBITDA growth, with a record fiscal year profit of $1.4 billion, reflecting a 14% increase [8][11] - The outlook for the second half of the fiscal year is positive, with expectations for continued growth [9][11] AI Opportunities and Risks - The company views AI as presenting more opportunities than risks, positioning itself as an input provider rather than an output company [15][16] - News Corp has established significant partnerships with major AI companies like OpenAI and Bloomberg, focusing on acquiring content to enhance their operations [16][17] - The company emphasizes the importance of reliable data and news as critical inputs for AI applications, which are increasingly recognized as valuable [15][17][25] Digital Real Estate and REA Group - REA Group is highlighted as a strong asset, with a focus on creating a holistic real estate experience [44][45] - The average unique user engagement on Realtor.com is higher than competitors, indicating a strong position in the market [46] - The company is optimistic about the potential for growth in the real estate market as interest rates decline, which could lead to increased turnover and revenue [52][53] Dow Jones and Wall Street Journal - Dow Jones has seen a 20% year-on-year increase in risk and compliance revenue, bolstered by recent acquisitions [57] - Digital advertising revenue at Dow Jones reached a record high, up 12% year-on-year [58] - The Wall Street Journal's average revenue per user (ARPU) has slightly decreased due to more enterprise deals, but the long-term strategy focuses on dynamic pricing and individualizing the subscriber experience [61][62] Capital Allocation and Buyback Strategy - News Corp has increased its share buyback program by an additional $1 billion, indicating confidence in the company's undervalued stock [84][86] - The company is cautious about acquisitions, ensuring they do not overpay for assets while seeking intelligent adjacencies in various sectors [85][86] Miscellaneous - The California Post app has seen double the expected downloads, indicating strong interest and engagement [87] Conclusion News Corp is strategically refining its portfolio with a strong focus on digital growth and AI opportunities. The company is well-positioned in the digital real estate market and is optimistic about its future performance, particularly in its Dow Jones and publishing segments. The increased buyback program reflects confidence in the company's valuation and commitment to shareholder returns.

Company Overview - News Corporation (NWS) is a media and information services company based in New York, with a market capitalization of $14.5 billion. The company operates through various segments including Digital Real Estate Services, Dow Jones, Book Publishing, News Media, and Other segments [1]. Stock Performance - Over the past 52 weeks, NWS shares have declined by 19.4%, while the S&P 500 Index has increased by 12.6%. Year-to-date, NWS stock is down 10.4%, contrasting with a slight gain in the S&P 500 [2]. - NWS stock has also underperformed compared to the State Street Communication Services Select Sector SPDR ETF (XLC), which rose by 11.7% over the same period [3]. Financial Results - Following the Q2 2026 results released on February 5, NWS shares fell by 6.4%. The net income from continuing operations decreased by 21% to $242 million, and reported EPS dropped from $0.40 to $0.34. This decline was attributed to the absence of an $87 million gain from the sale of PropertyGuru and a $16 million one-time inventory write-off at HarperCollins' international operations [6]. Earnings Forecast - For the fiscal year ending in December 2026, analysts project NWS' EPS to grow by 9% year-over-year to $0.97. The company's earnings surprise history is mixed, having surpassed consensus estimates in three of the last four quarters [7]. Analyst Ratings - Citigroup analyst Jason Bazinet maintained a "Buy" rating on NWS and adjusted the price target from $40 to $39, indicating a 48.9% premium to the current price levels. The highest target of $40 suggests a potential upside of 52.7% [8].

Core Viewpoint - News Corporation will match the U.S. government's one-time $1,000 contribution to the Section 530A accounts, aimed at supporting children's financial futures in the U.S. [1] Group 1 - The initiative is designed to "jumpstart the American Dream" for children across the country [1] - Starting in July, eligible U.S. employees will have the opportunity to participate in this pilot program [1] - Each child will receive a seed contribution of $1,000 from the U.S. Treasury into a specified account [1]

Group 1 - Morgan Stanley lowered its price target on News Corporation (NWS) to $32.40 from $38 while maintaining an Overweight rating, indicating no change to its fundamental positive thesis [1] - Citi also reduced its price target on News Corporation to $39 from $40, keeping a Buy rating on the shares [1] Group 2 - News Corporation reported second-quarter revenue of $2.36 billion, exceeding the $2.3 billion consensus estimate, with revenue up 6% and profitability rising 9% year over year [2] - CEO Robert Thomson highlighted sustained growth at Dow Jones and Digital Real Estate Services, both achieving double-digit profit growth, along with record digital advertising revenue and Segment EBITDA margins nearing 30% [2] - The company is executing its buyback program at a pace more than four times the prior rate [2]