Core Insights - News Corporation (NWSA) reported first-quarter fiscal 2026 earnings of 22 cents per share, exceeding the Zacks Consensus Estimate by 22.22%, and reflecting a 10% increase from the previous year's figure of 20 cents [1] - Revenues reached $2.14 billion, marking a 2% year-over-year increase and surpassing the consensus mark by 1.53%, driven by growth in the Digital Real Estate Services and Dow Jones segments [1] Financial Performance - Adjusted revenues increased by 2% year over year, while total segment EBITDA rose 5% to $340 million [2] - Net income from continuing operations was $150 million, slightly up from $149 million in the prior year, and free cash flow improved to $4 million from a negative $49 million [17] Segment Performance Digital Real Estate Services - Revenues in this segment grew 5% year over year to $479 million, with Move's revenues increasing by 9% to $152 million, the highest quarterly growth rate since Q2 fiscal 2022 [3][4] - REA Group revenues rose 3% year over year to $327 million, driven by residential yield increases and customer contract upgrades [5] Dow Jones - Revenues in the Dow Jones segment increased 6% year over year to $586 million, with digital revenues accounting for 84% of total revenues [6][8] - The professional information business saw a 10% revenue increase, with Risk & Compliance revenues growing 16% to $94 million [7] Book Publishing - The Book Publishing segment generated revenues of $534 million, down 2% year over year, with a significant decline in digital sales by 9% [11][12] News Media - Revenues in the News Media segment increased 1% year over year to $545 million, driven by higher circulation and subscription pricing [13] - Advertising revenues remained stable at $85 million, with digital advertising contributing 68% of total ad revenues [9] Strategic Developments - The company has accelerated its share buyback program, repurchasing shares at a rate of approximately $2.5 million per day, reflecting confidence in growth potential [18]

Core Viewpoint - The article discusses a dinner hosted by President Trump at the White House with Rupert Murdoch and key figures from his media empire, despite an ongoing defamation lawsuit involving Murdoch's Wall Street Journal reporting on Trump [1][4]. Group 1: Dinner Details - The dinner took place at the White House and included notable guests such as Murdoch's wife, Elena Zhukova, and various editors and executives from Murdoch's media outlets [2]. - The group reportedly enjoyed chicken and gravy during the dinner [3]. Group 2: Legal Context - The dinner occurred shortly before Trump's legal team filed a response to Murdoch's lawyers, who requested the dismissal of Trump's defamation lawsuit [4]. - The lawsuit is a significant deviation from the generally supportive relationship between Trump and Murdoch's media outlets, which have historically promoted Trump's policies [4]. Group 3: Background of the Dispute - The defamation lawsuit stems from a July 17 report by the Wall Street Journal, which claimed that Trump had sent a risqué birthday letter to Jeffrey Epstein, a former associate [5]. - At the time of the letter, Trump was friends with Epstein, but their relationship soured later on [5].