# News Corporation (NWSA)

> Source: Nexqual · https://nexqual.com/NWSA · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, News Corporation (NWSA), nexqual.com/NWSA" · informational, not investment advice.

**Price:** USD 31.08 (+2.14% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 30.43 · day 30.57–31.09 · 52w 22.2–31.66 · market cap $16.7B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $9.03B, net income $573M (6.3% margin), free cash flow $811M (SEC filings).
- Valuation: P/E 29.2x (avg 32.7x at the last 3 fiscal year-ends), net cash $106M.
- 2 of 80 tracked superinvestors hold NWSA (13F, Q2 2026): 0 new, 2 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $3.2M; 5 not under a Rule 10b5-1 plan ($3.2M); 0 by opportunistic insiders, 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.78 on a 1–5 scale) (9 analysts), mean target USD 36.03 (range 30.3–43).
- Total return with dividends: 1Y +18.6% vs S&P 500 +14.9%; 5Y +34.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.26, revenue estimate $2.26B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $10.4B | $8.01B | $8.25B | $8.45B | $9.03B | $9.03B |
| Net income | $623M | $149M | $266M | $1.18B | $573M | $573M |
| EPS (diluted) | $1.05 | $0.26 | $0.46 | $2.07 | $1.03 | — |
| Free cash flow | $855M | $745M | $741M | $571M | $811M | $811M |
| Net margin | 6.0% | 1.9% | 3.2% | 14.0% | 6.3% | 6.3% |
| Revenue growth | +11.0% | -22.9% | +3.0% | +2.4% | +6.8% | — |
| Cash + short-term investments | $1.82B | $1.76B | $1.87B | $2.40B | $2.10B | — |
| Total debt | $3.07B | $2.97B | $2.10B | $1.96B | $1.99B | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 29.2x · P/S 1.9x · EV/Sales 1.8x · P/FCF 20.6x · P/B 2.0x · FCF yield 4.84% · Earnings yield 3.42% · Dividend yield (paid, TTM) 1.22% · Buyback yield (TTM) 3.83% · Net cash $106M · EV $16.6B
P/E at fiscal year-ends: Jun 2026 24.2x, Jun 2025 14.4x, Jun 2024 59.4x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold NWSA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Yacktman Asset Management |  | 2.32% | $188M | Added +2.3% |
| Dodge & Cox Funds | Dodge & Cox | 0.16% | $311M | Added +2.3% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-17 | Degrazio Marygrace | Chief Accounting Officer | 18,303 | $526K | 41.3% | No | Routine (sold in Aug each year 2023–2025) |
| 2026-08-17 | Delany Julian | Chief Technology Officer | 1,747 | $50K | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-17 | Allen Ruth | Chief Human Resources Officer | 21,521 | $624K | 100% | No | Too little history (no open-market trades in 2023) |
| 2026-08-17 | Pitofsky David B | General Counsel | 51,423 | $1.5M | 38.2% | No | Routine (sold in Aug each year 2023–2025) |
| 2026-08-17 | Chandrashekar Lavanya | Chief Financial Officer | 17,785 | $510K | 100% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 1.78 on a 1–5 scale), 9 analysts; mean target USD 36.03 (low 30.3, high 43).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Raymond James | Initiated | Outperform | $35 |
| 2026-08-21 | JP Morgan | Target raised | Overweight | $36 → $38 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +18.6% | +34.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +18.7% | +6.2% |
| Volatility (annualized) | 26.1% | 26.4% |
| Max drawdown | -17.1% (Jan 2026→Feb 2026) | -37.4% (Nov 2021→Sep 2022) |

## Peers (Entertainment)
WMG (Warner Music Group Corp.) USD 31.69 +0.80% · FWONK (Liberty Media Corporation - Ser) USD 91.15 -0.13% · ROKU (Roku, Inc.) USD 160.06 +1.45% · FOXA (Fox Corporation) USD 68.27 +3.69% · MSGS (Madison Square Garden Sports Co) USD 389.48 -5.55% · LLYVK (Liberty Live Holdings, Inc. - S) USD 101.23 +0.73%

## More
Full page: https://nexqual.com/NWSA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in NWSA's own 10-K filed 2026-08-07 (https://www.sec.gov/Archives/edgar/data/1564708/000156470826000175/nws-20260630.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Adobe (ADBE) | "(1)Includes visits via websites and mobile apps from individual consumers and enterprise customers based on Adobe Analytics for the 12 months ended June 30, 2026." |
| Customer | Amazon (AMZN) | "HarperCollins derives its revenue from the sale and licensing of print and digital books to a customer base that includes global technology companies, traditional brick and mortar booksellers, wholesale clubs and discoun…" |
| Customer | Apple (AAPL) | "HarperCollins derives its revenue from the sale and licensing of print and digital books to a customer base that includes global technology companies, traditional brick and mortar booksellers, wholesale clubs and discoun…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Dow Jones | $644.0M | 27.6% | +6.6% |
| News and Information Services | $574.0M | 24.6% | +5.3% |
| Book Publishing | $566.0M | 24.2% | +14.6% |
| Digital Real Estate Services | $553.0M | 23.7% | +18.7% |
| Total revenue | $2.34B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Circulation and subscription | $820.0M | 35.1% | +7.0% |
| Consumer | $538.0M | 23.0% | +16.5% |
| Real estate | $435.0M | 18.6% | +21.5% |
| Advertising | $363.0M | 15.5% | +2.8% |
| Other | $181.0M | 7.7% | +6.5% |
| Total revenue | $2.34B | 100% | — |

## Revenue by region (fiscal year ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States And Canada | $4.37B | 48.4% | +6.0% |
| Domestic Pension Benefits | $4.20B | 46.5% | +5.0% |
| Australasia And Other | $2.83B | 31.3% | +8.0% |
| Australia | $2.40B | 26.6% | +9.1% |
| Europe | $1.83B | 20.3% | +7.0% |
| U.K. | $1.30B | 14.4% | +8.3% |
| Total revenue | $9.03B | 100% | — |
The lines above cover 187.5% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.26 | $0.26 | +0.9% | $2.26B | 4 |
| Next quarter (ends 2026-12-31) | $0.47 | $0.47 | +0.7% | $2.47B | 4 |
| Current fiscal year (ends 2027-06-30) | $1.32 | $1.29 | +2.2% | $9.41B | 5 |
| Next fiscal year (ends 2028-06-30) | $1.51 | $1.46 | +3.7% | $9.73B | 5 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±8.2%; last 8 reports averaged ±2.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 35.3% | ±8.2% |
| 2027-01-15 | 84 | 29.4% | ±11.6% |