News Corp (NC0) Q4 2026 Earnings Report
DE:NC0 Q4 2026 EPS Results
- Actual EPS
- EUR 0.31
- Consensus EPS
- EUR 0.21
- Beat/Miss
- Beat by +EUR 0.11
- One Year Ago EPS
- EUR 0.17
DE:NC0 Q4 2026 Revenue Results
- Actual Revenue
- EUR 2.09B
- Expected Revenue
- EUR 2.01B
- Beat/Miss
- Beat by +EUR 81.63M
- YoY Revenue Growth
- +10.81%
Earnings Announcement Details
- Quarter
- Q4 2026
- Date
- 08/05/2026
- Time
- After Close
- Conference Call
- Wednesday, August 5, 2026
News Corp's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
Q4 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2026 Earnings Call Summary
The call was strongly positive, led by record quarterly and full-year profitability, double-digit EBITDA growth in key segments, substantial free-cash-flow growth, margin expansion, strong digital and subscription performance, and accelerated shareholder returns. The company also reported several challenges, including pressure in housing markets, a decline in print advertising, lower News Media EBITDA, weaker Australian listings in July, Middle East-related weakness in Dow Jones Energy, and ongoing AI litigation. These issues were outweighed by the breadth and magnitude of the reported growth and management's constructive fiscal 2027 outlook.
News Corp said it is “encouraged by the prospect of further margin expansion in the current fiscal year” and expects the strength of its business to carry over to this fiscal year, with “early signs” positive for the first quarter; Dow Jones expects “continued strong revenue performance,” anticipates B2B revenues, “notably at Dow Jones Energy,” to improve in the first quarter, expects improved growth at Dow Jones Energy in the first quarter, and expects continued margin expansion, while its goal remains $1 billion in segment EBITDA by fiscal 2030 and customer retention is “approximately 90%”; Australian residential new buy listings for July declined 2%, Realtor “hope[s] to see continued revenue improvements,” although the overall housing recovery could be impacted in the shorter term by rising mortgage rates; Book Publishing expects to benefit from “a strong frontlist program and an easier comparison versus the prior year”; News Media expects incremental costs compared to the prior year from the continued rollout of the California Post, alongside “some benefit from new content licensing revenues,” and faces “a particularly difficult prior year comparison in the first quarter”; free cash flow improvement remains “a key focus” for fiscal 2027 and is expected to be “a source of value expansion,” while free cash flow generation tends to be second-half weighted due to seasonality.
- Record Quarterly Revenue and ProfitabilityFourth-quarter revenue increased 11% to over $2.3 billion, total segment EBITDA rose 31% to $423 million, and net income from continuing operations surged 167% to $230 million. Reported EPS increased to $0.33 from $0.09, while adjusted EPS rose to $0.35 from $0.19.
- Strong Full-Year Growth and Margin ExpansionFiscal-year revenue increased 7% to $9 billion, total segment EBITDA rose 15% to over $1.6 billion, and the full-year margin expanded from 16.7% to 18%. Reported EPS increased 23% to $1.03, and adjusted EPS increased 33% to $1.18.
- Free Cash Flow Growth and Capital ReturnsFree cash flow increased 42% to $811 million, supported by higher EBITDA and working-capital improvements. News Corp repurchased $643 million of shares during fiscal 2026, more than four times fiscal 2025's $150 million, including $184 million repurchased in the fourth quarter.
- Continued Consistent GrowthThe company reported 12 consecutive quarters of year-over-year revenue growth and 13 consecutive quarters of year-over-year total segment EBITDA growth on a continuing-operations basis.
- Digital-First TransformationNews Corp said 61% of fiscal 2026 revenue was digital, reflecting its repositioning as a digital-first company. The company also reported three consecutive years of mid-teens profit growth on a continuing-operations basis.
- AI Licensing Partnerships and Content StrategyNews Corp said it has trusted content relationships with OpenAI and Meta, that the Meta agreement is now part of the business at both Dow Jones and News Media, and that significant additional deals are in the pipeline across horizontal and sector-specific AI businesses.
- Dow Jones Delivers Record QuarterDow Jones fourth-quarter revenue increased 7% to $644 million, while EBITDA grew 20% to $191 million according to the CEO's remarks; the CFO reported segment EBITDA of $181 million and a 28.1% margin, up 310 basis points. Digital revenue represented 84% of segment revenue, up from 83%.
- Dow Jones B2B and Professional Information GrowthB2B products and services accounted for more than 50% of Dow Jones segment profitability on a full-year basis and 50% of segment EBITDA in the fourth quarter. Risk & Compliance revenue grew 11% to $102 million, supported by customer growth, product expansion, and improved pricing. Customer retention remained approximately 90%.
- Dow Jones Subscription and Advertising MomentumDigital-only subscriptions grew 9% year-over-year to nearly 6.3 million, with approximately 194,000 sequential net adds, the highest sequential additions in over two years. Circulation revenue grew 3%, digital circulation rose 6%, and digital advertising increased 10%, more than offsetting a 6% decline in print advertising.
- Dow Jones EBITDA Target MaintainedManagement said Dow Jones remains on track to achieve $1 billion in segment EBITDA by fiscal 2030 and expects continued strong revenue performance, improved first-quarter B2B growth, disciplined reinvestment, and continued margin expansion.
- Digital Real Estate Services OutperformanceDigital Real Estate Services revenue increased 19% to $553 million, while segment EBITDA rose 46% to $222 million. On an adjusted basis, revenue increased 10% and EBITDA increased 33%, with strong contributions from both REA and Realtor.com.
- Realtor.com Sustains Double-Digit GrowthRealtor.com revenue increased 13% to $167 million, marking its seventh consecutive quarter of revenue growth and its third consecutive quarter of at least 10% growth. Growth was driven by core products including RealPro Select, higher yields, higher-priced listings, and expanding adjacencies.
- Realtor.com Engagement and Product InnovationRealtor.com reached 33% of total real estate portal visits in the fourth quarter, up from 31% in the third quarter. It averaged 297 million monthly visits and 5.5 visits per unique user, with management stating that this was nearly three times the engagement of Homes.com. New initiatives included conversational search powered by RealAssist, hyperlocal news and insights, agent tools, and the Realtor.com+ platform for MLSs.
- REA Growth and Strategic SimplificationREA revenue increased 21%, or 9% in constant currency, driven by Australian residential activity, price increases, add-on products, and listing growth. Residential listings increased 11%, with Sydney and Melbourne each up 8%. News Corp also announced the sale of REA's Indian operations for an increased ownership stake in Aurum.
- HarperCollins Strong Fourth QuarterHarperCollins revenue increased 15% to $566 million and EBITDA rose 14% to $57 million, the highest fourth-quarter segment EBITDA since fiscal 2018. Results were driven by strong new releases in general trade, the U.K., and children's publishing, along with higher backlist sales.
- HarperCollins Digital and Audiobook GrowthHarperCollins digital revenue increased 12%, including a 16% increase in audiobooks and an 11% increase in e-books. Audiobook growth was supported by strong performance at Spotify and Audible.
- News Media Revenue Growth and Audience ExpansionNews Media revenue increased 5% to $574 million, supported by favorable foreign-exchange movements and higher circulation and subscription revenue. U.K. news broadcasting streaming hours increased 40% to more than 9 million hours, while the New York Post benefited from the New York Knicks' success and the California audience expanded through the San Francisco edition.
- News24 Launch and Early Audience GainsNews Corp launched the News24 brand in Australia, replacing the Sky News moniker. Management said the new arrangement expands editorial reach beyond Australia's borders and has already produced a tangible increase in audience reach.
- Investment in Technology and Supply ChainCapital expenditure increased only approximately $19 million for the year and supported technology investments and upgrades to HarperCollins' supply-chain logistics. Management said free cash flow improvement remains a key focus for fiscal 2027.
- Positive Near-Term OutlookManagement described the start to fiscal 2027 as encouraging and said it expects Dow Jones revenue performance and B2B growth to remain strong, HarperCollins to benefit from a strong frontlist and an easier comparison, Realtor.com revenue to continue improving, and News Media to benefit from new content-licensing revenue.
DE:NC0 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Nov 04, 2026 | 2027 (Q1) | 0.23- | 0.2 | ― | ― |
| Aug 05, 2026 | 2026 (Q4) | 0.210.31 | 0.17 | 84.21% (+0.14) | |
| May 07, 2026 | 2026 (Q3) | 0.170.19 | 0.15 | 23.53% (+0.04) | |
| Feb 05, 2026 | 2026 (Q2) | 0.330.36 | 0.3 | 21.21% (+0.06) | |
| Nov 06, 2025 | 2026 (Q1) | 0.170.20 | 0.19 | 4.76% (+0.01) | |
| Aug 05, 2025 | 2025 (Q4) | 0.170.17 | 0.15 | 11.76% (+0.02) | |
| May 08, 2025 | 2025 (Q3) | 0.120.15 | 0.1 | 54.55% (+0.05) | |
| Feb 05, 2025 | 2025 (Q2) | 0.280.30 | 0.23 | 26.92% (+0.06) | |
| Nov 07, 2024 | 2025 (Q1) | 0.150.19 | 0.14 | 31.25% (+0.04) | |
| Aug 08, 2024 | 2024 (Q4) | 0.140.15 | 0.13 | 21.43% (+0.03) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
