The former wife of media titan Rupert Murdoch and mother of their children James, Elisabeth and Lachlan, has died aged 81.Anne de Peyster, formerly Anna Murdoch, died in Palm Beach, Florida, following a long illness, according to reports in the Murdoch-owned New York Post.In its coverage of her death, the paper said “many worlds loved Anna”.“Devoted mother, handsome lady, sharp wit, love of writing and lifetime commitment to helping children in need.” The Murdochs met in Sydney in the 1960s. (AP PHOTO)Ms De ...

以上内容基于公开资料整理，不构成投资建议。 经济观察网 根据Google财经2026年02月17日的报道，新闻集团Class A（NWSA）近期已发布截至2025 年12月31日的第二财季（Q2 2026）财务数据。该季度收入为23.62亿美元，同比增长5.54%；净收入为 1.93亿美元，同比下降10.23%；每股收益为0.40美元，同比增长21.21%。当前参考资料中未提及新闻集 团有即将发生的特定事件，如财报发布或投资者会议。投资者可关注公司官方公告或财务日历以获取最 新动态。 ...

Core Insights - Generative AI is viewed as a transformative technology by Amazon's CEO Andy Jassy, indicating its potential to significantly enhance customer experiences across the company [1] - Elon Musk predicts that humanoid robots could create a market worth $250 trillion by 2040, representing a major shift in the global economy driven by AI innovation [2] - Major firms like PwC and McKinsey acknowledge the multi-trillion-dollar potential of AI, suggesting a broad consensus on its economic impact [3] Company and Industry Analysis - A breakthrough in AI technology is believed to be redefining work, learning, and creativity, attracting significant interest from hedge funds and top investors [4] - There is speculation about an under-owned company that may play a crucial role in the AI revolution, with its technology posing a threat to competitors [4] - Prominent figures in technology and investment, including Bill Gates and Warren Buffett, recognize AI as a major technological advancement with the potential for substantial social benefits [8] Market Trends - The AI ecosystem is expected to reshape how businesses, governments, and consumers operate globally, indicating a shift in market dynamics [2] - The investment landscape is becoming increasingly competitive, with various tech giants like Tesla, Nvidia, and Microsoft being highlighted, while a smaller company is suggested to have significant growth potential [6]

Market Overview - Richard Bernstein, CEO of Richard Bernstein Advisors, discussed the equity markets on CNBC, noting a significant broadening of the market since late October 2025 [1] - The unexpected strength of the overall economy has contributed to this shift, with nominal GDP exceeding 8% last quarter, a level not seen since 2006, excluding the post-pandemic period [2] Investment Strategy - Bernstein emphasized a macro-focused investment strategy, avoiding individual stock picks, and questioned the rationale behind paying high valuations for well-known tech stocks when similar growth can be found at lower valuations globally [3] Promising Low-Cost Stocks - A list of 11 promising low-cost stocks was compiled, focusing on those priced between $10 and $30 and favored by elite hedge funds [6] - The strategy of imitating top hedge fund stock picks has historically outperformed the market, with a reported return of 427.7% since May 2014 [7] Company Highlights Roivant Sciences Ltd. (NASDAQ:ROIV) - Roivant Sciences is highlighted as a promising low-cost stock, with a price target raised by Citi to $35 from $26 due to positive Phase 2 data for brepocitinib [8][9] - H.C. Wainwright also increased its price target for Roivant to $33, citing impressive Phase 2 data [9] - Bank of America raised its price target to $26 from $22, noting that FQ3 2026 results were in line with expectations [10] News Corporation (NASDAQ:NWSA) - News Corporation is also listed as a promising low-cost stock, with a recent price target adjustment by Citi to $39 from $40 while maintaining a Buy rating [12] - The company reported a 6% revenue increase to $2.4 billion and a 9% expansion in total segment EBITDA to $521 million for FQ2 2026 [13] - Despite a 21% decline in net income from continuing operations, adjusted EPS rose to $0.40, and profitability margins improved to 22.1% [13] - Performance was driven by the Dow Jones and Digital Real Estate segments, while the News Media segment faced challenges [14]

Core Viewpoint - Morgan Stanley has lowered the price target for News Corp. (NWSA) to $32.40 from $38 while maintaining an Overweight rating on the shares, indicating a positive outlook despite the adjustment in price target [1] Group 1: Price Target Adjustment - The price target for News Corp. has been reduced from $38 to $32.40 [1] - The adjustment follows the release of the first half of FY26 results [1] Group 2: Rating and Thesis - Morgan Stanley retains an Overweight rating on News Corp. shares [1] - There is no change to the firm's "fundamental positive thesis" regarding News Corp. [1]

Core Insights - News Corporation (NWSA) reported second-quarter fiscal 2026 earnings of 40 cents per share, exceeding the Zacks Consensus Estimate by 21.21% and increasing 21% year over year [2][8] - Revenues reached $2.36 billion, a 6% year-over-year increase, surpassing the consensus mark by 2.26% [2][8] - The growth was driven by the Dow Jones, Digital Real Estate Services, and Book Publishing segments, which collectively accounted for 95% of profitability [3][8] Financial Performance - Adjusted revenues increased 3% year over year, with total segment EBITDA rising 9% to $521 million, marking the 11th consecutive quarter of year-over-year growth [3] - Net income from continuing operations was $242 million, down 21% from $306 million in the prior year [22] - Free cash flow for the six months ended Dec. 31, 2025, was $136 million, an increase from $121 million in the prior year [23] Segment Performance Digital Real Estate Services - Revenues increased 8% year over year to $511 million, driven by growth at REA Group and Move [4] - Move's revenues rose 10% year over year to $143 million, with a 13% increase in lead volume [5] - REA Group revenues grew 7% year over year to $368 million, despite a decrease in REA India revenues [6] Dow Jones - Revenues increased 8% year over year to $648 million, with digital revenues accounting for 83% of total revenues [7] - Segment EBITDA increased 10% to $191 million, marking a fourth consecutive quarter of double-digit growth [9] - Professional information business revenues grew 12% year over year [9] Book Publishing - Revenues reached a quarterly record of $633 million, a 6% increase year over year [14] - Segment EBITDA declined 2% to $99 million, impacted by a one-time write-off [14] - Digital sales increased 2% year over year, with e-book sales up 7% [15] News Media - Revenues were flat year over year at $570 million, with circulation and subscription revenues rising 4% [16] - Advertising revenues increased 10% to $133 million, driven by digital advertising growth [10] - Segment EBITDA declined 5% year over year to $70 million [19] Shareholder Returns - The company accelerated its share buyback program, repurchasing $172 million in shares during the quarter [24] - A semi-annual cash dividend of 10 cents per share was declared, payable on April 8, 2026 [25]

Company Overview - News Corporation (NWSA) has a market capitalization of $13.6 billion and operates across five segments: Digital Real Estate Services, Dow Jones, Book Publishing, News Media, and Other, providing content and data products globally [1] Stock Performance - Over the past 52 weeks, NWSA shares have decreased by 17.3%, underperforming the S&P 500 Index, which has increased by 13.1% during the same period [2] - Year-to-date, NWSA shares are down 9.8%, contrasting with a slight rise in the S&P 500 Index [2] - Compared to the State Street Communication Services Select Sector SPDR ETF (XLC), which gained 12.6% over the past year, NWSA has lagged behind [3] Financial Results - Following the Q2 2026 results, NWSA shares fell by 3.8% due to a 21% year-over-year decline in net income from continuing operations, amounting to $242 million [6] - The decline in earnings was attributed to the absence of a previous year's one-time gain of $87 million from the sale of PropertyGuru and a $16 million one-time inventory write-off at HarperCollins' international operations [6] - Reported earnings per share (EPS) decreased to $0.34 [6] Future Earnings Expectations - For the fiscal year ending in June 2026, analysts project NWSA's adjusted EPS to grow by 11.2% year-over-year to $0.99 [7] - The company's earnings surprise history is mixed, with three out of the last four quarters either beating or meeting consensus estimates [7] - Among nine analysts covering the stock, the consensus rating is a "Moderate Buy," consisting of seven "Strong Buy" ratings, one "Hold," and one "Strong Sell" [7] Analyst Ratings and Price Targets - On November 25, 2025, JPMorgan lowered its price target for News Corp to $38 while maintaining an "Overweight" rating [8] - The mean price target of $37.63 indicates a potential upside of 61.3% from current levels, while the highest price target of $43 suggests an upside of 84.3% [8]

Revenue Growth - Total revenues increased by $124 million, or 6%, for the three months ended December 31, 2025, and by $172 million, or 4%, for the six months ended December 31, 2025, compared to the same periods in fiscal 2025[119]. - The revenue increase for the three months was primarily driven by higher circulation and subscription revenues at the Dow Jones segment, which contributed to a $47 million increase in circulation and subscription revenue[120]. - The Digital Real Estate Services segment contributed to revenue growth, driven by higher revenues at REA Group and Move[121]. - The Book Publishing segment saw a $15 million revenue impact from recent acquisitions and higher physical book sales for the three months ended December 31, 2025[120]. - Revenues for the Dow Jones segment increased by $48 million, or 8%, for the three months ended December 31, 2025, compared to the corresponding period in fiscal 2025[148]. - Revenues at the Digital Real Estate Services segment increased by $38 million, or 8%, for the three months ended December 31, 2025, driven by higher Australian residential revenues[163]. - Revenues at the Book Publishing segment increased by $38 million, or 6%, for the three months ended December 31, 2025, driven by higher physical book sales and recent acquisitions[166]. - News Media segment revenues were flat at $570 million for the three months ended December 31, 2025, with circulation and subscription revenues increasing by $11 million, or 4%[172]. Operating Expenses - Operating expenses rose by $45 million, or 5%, for the three months ended December 31, 2025, and by $34 million, or 2%, for the six months ended December 31, 2025, compared to the same periods in fiscal 2025[123]. - The increase in operating expenses for the three months was mainly due to higher costs in the Book Publishing segment, including a $16 million one-time write-off related to inventory at HarperCollins' international operations[124]. - Selling, general and administrative expenses increased by $36 million, or 5%, for the three months ended December 31, 2025, compared to the same period in fiscal 2025[126]. - Depreciation and amortization expense rose by $5 million, or 4%, for the three months ended December 31, 2025, compared to the corresponding period in fiscal 2025[129]. - The Company recorded impairment and restructuring charges of $30 million for the three months ended December 31, 2025[129]. Net Income - Net income from continuing operations decreased by $64 million, or 21%, to $242 million for the three months ended December 31, 2025, compared to $306 million in the same period of fiscal 2025[119]. - The Company reported a net income attributable to News Corporation stockholders of $193 million for the three months ended December 31, 2025, down from $215 million in the same period of fiscal 2025[119]. - Net income from continuing operations decreased by $64 million, or 21%, for the three months ended December 31, 2025, compared to the same period in fiscal 2025[141]. Cash Flow and Financial Position - As of December 31, 2025, the Company had cash and cash equivalents of $2.1 billion, with $321 million not readily accessible due to being held by REA Group[177][178]. - Net cash provided by operating activities increased by $38 million to $316 million for the six months ended December 31, 2025, primarily due to higher Total Segment EBITDA[184]. - Net cash used in financing activities increased to $419 million for the six months ended December 31, 2025, compared to $342 million in the prior year[186]. - Free cash flow for the six months ended December 31, 2025, was $136 million, an increase from $121 million in the same period of 2024, primarily due to higher cash from operating activities[191]. - As of December 31, 2025, News Corporation had total borrowings of $1,951 million, with $750 million of undrawn commitments available under the Revolving Facility[192]. - REA Group had A$200 million of undrawn commitments available under the 2024 REA Credit Facility as of December 31, 2025, after amending the facility to reduce the total amount available[193]. - HarperCollins entered into a finance leasing arrangement for up to $120 million for equipment, expected to enhance efficiencies, with lease payments commencing after June 30, 2028[194]. - The Company has total operating lease commitments of $1,519 million as of December 31, 2025, with $103 million due in less than one year[197]. Legal and Market Risks - The Company is involved in various legal proceedings, which may adversely affect its financial condition, with accrued liabilities established for probable losses[198][199]. - There has been no material change in the Company's assessment of its sensitivity to market risk since the last presentation in the 2025 Form 10-K[200]. Segment Performance - Total Segment EBITDA for the three months ended December 31, 2025, was $521 million, an increase from $478 million in the same period of fiscal 2025[147]. - Digital revenues represented 82% of total revenues at the Dow Jones segment for the three months ended December 31, 2025[148]. - Digital revenues accounted for 83% of total revenues at the Dow Jones segment for the six months ended December 31, 2025, up from 81% in the prior year[149]. - Circulation and subscription revenues rose by $36 million, or 8%, during the three months ended December 31, 2025, driven by increased digital circulation revenues[151]. - Professional information business revenues increased by $48 million, or 11%, for the six months ended December 31, 2025, mainly due to increases in Risk & Compliance and Dow Jones Energy revenues[152]. - Average daily digital-only subscriptions for The Wall Street Journal increased by 502, or 13%, to 4,289 during the three months ended December 31, 2025[154]. - Advertising revenues increased by $12 million, or 10%, during the three months ended December 31, 2025, with digital advertising revenues representing 65% of total advertising revenue[158]. - Segment EBITDA at the Dow Jones segment increased by $30 million, or 10%, for the six months ended December 31, 2025, primarily due to revenue growth[161]. - Segment EBITDA at the Digital Real Estate Services segment increased by $39 million, or 12%, for the six months ended December 31, 2025, due to higher revenues and the absence of prior year costs related to a withdrawn acquisition offer[164]. - Book Publishing segment revenues increased by $26 million, or 2%, to $1.3 billion for the six months ended December 31, 2025, driven by $22 million from acquisitions and higher physical book sales[168]. - Digital sales decreased by 4% compared to the prior year, representing approximately 22% of consumer revenues[168]. - Segment EBITDA for Book Publishing decreased by $25 million, or 14%, primarily due to a $16 million one-time write-off related to inventory[169]. - Segment EBITDA for News Media decreased by $4 million, or 5%, for the three months ended December 31, 2025, due to lower contributions from News Corp Australia[173]. - Total revenues for News Media increased by $4 million, or 1%, for the six months ended December 31, 2025, with circulation and subscription revenues up by $18 million, or 3%[174]. - Segment EBITDA for News Media increased by $8 million, or 9%, for the six months ended December 31, 2025, driven by cost savings initiatives[175].

Core Viewpoint - News Corporation is actively building defenses against the threat posed by artificial intelligence to its media assets, emphasizing the importance of proprietary content and legal strategies to protect intellectual property [1][5][7]. Financial Performance - News Corp reported a 6% increase in second quarter revenue to $US2.4 billion ($A3.4 billion), aligning with analysts' forecasts, driven by its Dow Jones information services and digital real estate services [8]. - Quarterly underlying earnings before interest, tax, depreciation, and amortization reached $US521 million, a 9% increase compared to the previous year [9]. - For the half-year period ending December 31, revenue rose 7% to $US1.2 billion ($A1.7 billion), with underlying earnings also increasing by 7% to $US861 million ($A1.2 billion) [9]. Digital Strategy and Subscriber Growth - The company is experiencing growth in digital subscriber numbers, with 1.2 million digital subscribers in Australia and nearly one million news masthead subscribers by the end of December [14]. - Circulation and subscription revenue have increased due to higher pricing in the UK and Australia, contributing positively to earnings results [14]. Legal and Competitive Landscape - News Corp's CEO highlighted a recent $US1.5 billion lawsuit settlement against AI company Anthropic for copyright infringements, which will benefit the company and its authors [5][6]. - The company has established a partnership with OpenAI to enhance its editorial products, positioning itself as a creator of premium content in contrast to AI-generated material [7]. Market Challenges - While Dow Jones remains a strong asset, other media properties in the UK and Australia have faced challenges, with flat quarterly revenue and a 4% decline in underlying earnings due to a tough print advertising market [10].

Core Insights - News Corp reported a revenue increase of 5.5% to $2.36 billion in the second quarter of its fiscal year, driven by growth in its Dow Jones and digital real estate divisions [1][4] - EBITDA for the quarter rose by 9% to $521 million, slightly exceeding analysts' expectations [1][2] Revenue Breakdown - Revenue from Dow Jones, which includes The Wall Street Journal and MarketWatch, increased by 8% year-over-year to $648 million [4] - Revenue from News Corp's digital real estate services division also rose by 8% to $511 million [4] CEO Statements - CEO Robert Thomson expressed satisfaction with the second quarter results, highlighting accelerating revenue and profitability growth compared to the previous quarter, and optimistic signs for the second half of the fiscal year [2] - Thomson emphasized the importance of AI firms compensating for the content they utilize, reiterating this message in light of ongoing discussions about AI's impact on the industry [5][6] Industry Context - The results come amid challenges faced by news organizations and publishers regarding the integration of artificial intelligence [5] - Thomson noted that companies are beginning to recognize the value of premium content, suggesting that there will be a willingness to pay a premium for quality content [7]