News CorporationNasdaq: NWSA
Communication Services · Publishing
$25.64
-2.36%
Vol: 601K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 20News Corp accelerates Class A share buyback under $1B program; Citi trims target to $38.Mixed▶
News Corp launched a daily Nasdaq-focused Class A share buyback on May 15, 2026, under its previously authorized $1 billion repurchase program, with Goldman Sachs acting as broker. The company reported it had spent approximately $245.5 million on repurchases, including $156.9 million in Class A shares on May 13. Q3 FY2026 results showed revenue of $2.2 billion (+9%) with Segment EBITDA up 18% and margin expansion to 15.7%. FYTD buybacks reached $459 million. Citi lowered its price target to $38 from $39 on May 13, while Morgan Stanley and Jarden maintained Buy ratings.
May 19News Corp accelerates $1B buyback to $459M YTD as Citi cuts PT to $38 and Macquarie upgrades to OutperformPositive▶
News Corp disclosed continued daily Nasdaq Class A share repurchases under its $1B authorization, with Goldman Sachs as broker, executing $193M in Q3 buybacks (up from $172M in Q2) for $459M fiscal year-to-date. Q3 FY2026 revenue rose 9% to $2.2B and Segment EBITDA grew 18% with margin expanding to 15.7%. Citi lowered its price target to $38 from $39 (Buy) on May 13, while Macquarie upgraded the stock to Outperform on May 11 and Morgan Stanley reiterated Overweight at $34 on May 10. Management continues to highlight digital subscription growth at WSJ and the planned separation of Dow Jones' OPIS energy data business. Consensus rating sits at Moderate Buy with an average $37.14 PT.
May 18News Corp executes daily Nasdaq Class A share buyback under $1B program, repurchasing 6.34M shares for $156.9M on May 13 as part of broader $245.5M deployed to datePositive▶
News Corp disclosed to the ASX on May 15, 2026 that it is executing buybacks under its existing repurchase authorization permitting up to $1B of Class A and B shares. On May 13, the company repurchased 6,339,031 shares for ~$156.9M, with cumulative buybacks reaching ~$245.5M. Goldman Sachs is acting as broker, and ASX CDIs are excluded. The buyback program follows strong Q3 FY2026 earnings of $2.2B revenue (up 9%) and accelerating margins. Citi recently lowered its price target to $38 from $39, while Macquarie upgraded the shares to Outperform. Technical analysts note a bull flag pattern forming with 9/10 technical quality.
May 15News Corp Q3 FY26 revenue rose 9% to $2.2B with $193M of buybacks executed; Macquarie upgraded to Outperform May 11, Morgan Stanley reiterated Buy May 12.Positive▶
News Corp reported Q3 FY2026 results May 7 with total revenue up ~9% to $2.2 billion and non-GAAP profit of $0.21 per share (5.5% above consensus), driven by double-digit profit growth across Dow Jones, Digital Real Estate Services, and Book Publishing. The company executed $193 million in share repurchases in the quarter, citing belief the stock is "materially undervalued" relative to NAV. CEO Robert Thomson highlighted AI licensing partnerships with Meta and OpenAI and an anticipated $1.5 billion Anthropic settlement. Macquarie upgraded to Outperform May 11; Morgan Stanley reiterated Buy May 12; Citi lowered target to $38 from $39 on May 13. Risk: cyclical and structural pressures across the portfolio.
May 14News Corp posts strong Q1 CY2026 beat with 9% revenue growth and 18% EBITDA growth; Macquarie upgrades to Buy on May 10Positive▶
News Corp reported Q1 CY2026 (fiscal Q3) earnings on May 7, 2026, with EPS of $0.21 beating the $0.16 consensus and revenue of $2.19B beating the $2.11B estimate. Total revenue rose 9% to $2.2B and total segment EBITDA jumped 18% to $343M, expanding margin from 14.4% to 15.7%. Dow Jones, Digital Real Estate Services, and Book Publishing all generated double-digit profit increases. The company executed $193M in share buybacks during the quarter as part of its $1B repurchase authorization, with management calling shares "materially undervalued." Strategic AI content licensing partnerships with Meta, OpenAI, and anticipated Anthropic proceeds were highlighted as future catalysts. On May 10, 2026, Macquarie upgraded News Corp Class B to Buy. Risks: print advertising decline, IP litigation outcomes.
May 13News Corp delivered twelfth straight quarter of profit growth with Q3 revenue up 9% to $2.2B, ramped up buybacks to $193M, and won upgrade from MacquariePositive▶
News Corp reported its Q3 FY2026 results showing the twelfth straight quarter of profitability growth on a continuing operations basis. Total revenue rose 9% to $2.2 billion while total segment EBITDA increased 18% to $343 million, with margin expanding from 14.4% to 15.7%. Dow Jones, Digital Real Estate Services, and Book Publishing each delivered double-digit profit growth and margin expansion. The company repurchased $193 million of shares in Q3 (up from $172 million in Q2), bringing fiscal year-to-date repurchases to $459 million under the $1 billion authorization, with management believing the stock remains materially undervalued. News Corp executed fresh on-market purchases as recently as May 7 at $22.20-$31.40 per share. On May 10, Macquarie upgraded NWS Class B shares to Buy, while UBS reiterated Buy on May 1 and JPMorgan maintained Buy on April 21.
May 12Mitsubishi UFJ AM raised its NWSA stake 14.2% to 823,989 shares, adding 102,259 shares as buyback program continues.Positive▶
Disclosures dated May 10, 2026 show Mitsubishi UFJ Asset Management increased its News Corp Class A position by 14.2% to 823,989 shares (adding 102,259), while QRG Capital Management trimmed its stake. The accumulation comes alongside an active $1B share repurchase program, with FY-to-date buybacks totaling $459M including $193M in Q3, supported by ~$380M Foxtel shareholder loan repayments. Bear case: institutional accumulation is modest and the stock remains range-bound near $24-$26 50-day MA despite 12 straight quarters of profit growth.
May 11News Corp posted 12th consecutive quarter of profit growth with Q3 FY2026 revenue up 9% to $2.2B, fueled by AI licensing deals with Meta, OpenAI, and pending $1.5B Anthropic settlement.Positive▶
On May 7, 2026, News Corp reported Q3 FY2026 results with revenue up 9% YoY to $2.2B and total segment EBITDA up 18% to $343M, marking the 12th straight quarter of continuing operations profit growth. EPS of $0.21 beat the $0.16 consensus. Margin expanded from 14.4% to 15.7%, with Dow Jones, Digital Real Estate Services, and Book Publishing all posting double-digit profit gains. CEO Robert Thomson highlighted AI licensing partnerships with Meta and OpenAI plus an anticipated $1.5B settlement with Anthropic. News Corp repurchased $193M in shares during Q3, bringing fiscal year-to-date repurchases to $459M. The company is also pursuing legal action against Perplexity AI.
May 8Q3 FY26 revenue +9% to $2.2B; segment EBITDA +18% to $343M on Dow Jones, real estate, publishingPositive▶
News Corporation reported Q3 FY2026 revenue of $2.2B (up 9%) and total segment EBITDA of $343M (up 18%), with margin expanding from 14.4% to 15.7%. Dow Jones revenue grew 8% to $619M with 11% EBITDA growth. Digital real estate services revenue grew 17% to $473M. HarperCollins revenue rose 8% to $555M. Company achieved 12 consecutive quarters of profitability growth. Share repurchases totaled $193M in Q3, with fiscal YTD repurchases of $459M. Management highlighted IP partnerships (Meta, OpenAI, anticipated Anthropic proceeds) as catalysts.
May 7News Corp Q1 beat EPS expectations by 14.2% and closes $50M-per-year AI content licensing deal with MetaPositive▶
News Corporation reported Q1 2026 EPS of $0.40, beating estimates by 14.2%, with revenue of $2.36B (+0.94% beat). Company authorized $1B stock repurchase program for Class A and B shares. News Corp and Meta signed AI content licensing deal worth up to $50M annually. Company scheduled to release Q4 2026 earnings on May 7. Analysts expect long-term positive outlook amid digital services shift despite near-term EPS pressure.
May 6News Corp earnings report expected May 8; stock up 4.5% past month; $1B share repurchase authorizedNeutral▶
News Corporation is scheduled to report Q3 2026 earnings on Thursday, May 8 after market close. The stock is up 4.5% during the last month and trading at $25.57 with analyst average price target of $33.93 (32.6% upside). The company authorized a $1B repurchase program for Class A and Class B common stock. News Corp announced a Meta AI content licensing deal in March 2026 worth up to $50M annually. Revenue was $2.36B (up 5.5% YoY) in the last quarter, with market expecting 5.2% growth this quarter. The company faces near-term EPS headwinds but maintains positive long-term outlook with 40% analyst target upside. James Murdoch is in talks to acquire Vox Media's NY Magazine and podcast division.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NWSNEWS | $29.21 | -2.89% | -0.5% | 23.5x | 0.90 | $16.4B |
| NWSANEWS | $25.64 | -2.36% | -0.0% | 20.6x | 0.90 | $14.3B |
| GOOGLALPHABET | $370.44 | -4.44% | -2.3% | 26.8x | 1.27 | $4.70T |
| GOOGALPHABET | $369.24 | -3.71% | -2.5% | 26.5x | 1.27 | $4.65T |
| METAMETA | $592.73 | -2.41% | -0.6% | 16.9x | 1.24 | $1.54T |
| NFLXNETFLIX | $81.03 | -9.27% | -0.4% | 23.2x | 1.55 | $376.0B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.