News Corp (NWS) Q3 2026 earnings summary

Executive summary

• Achieved 12th consecutive quarter of profitability growth from continuing operations, with total revenue up 9% to $2.2 billion and segment EBITDA up 18% to $343 million year-over-year.

• Net income from continuing operations rose 13% to $121 million, with both EPS and adjusted EPS notably higher compared to the prior year.

• Robust free cash flow and strong cash position enabled accelerated share buybacks, with $193 million repurchased in Q3 and $459 million year-to-date.

• Strategic focus on Dow Jones, Digital Real Estate Services, and Book Publishing, all delivering double-digit profit growth.

• Ongoing transformation to a digital-first, diversified business model with recurring high-margin content licensing revenues.

Financial highlights

• Total revenue increased 9% year-over-year to $2.2 billion; adjusted revenue up 4%.

• Total segment EBITDA rose 18% to $343 million; adjusted segment EBITDA up 13%.

• Margins expanded by 130 basis points to 15.7%.

• Earnings from continuing operations were $0.16 per share (vs. $0.14 prior year); adjusted EPS $0.21 (vs. $0.17 prior year).

• Positive FX impact of $88 million on revenues.

Outlook and guidance

• Expect continued strong revenue and margin performance at Dow Jones.

• Digital Real Estate Services in Australia to benefit from higher new buy listings and lower operating cost growth.

• Realtor.com anticipates further revenue improvement, though housing recovery may be tempered by mortgage rates.

• Book Publishing trends remain favorable, with a strong frontlist program expected.

• Management expects record profitability for the fiscal year, citing strong Q4 performance to date.