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]