News Corporation delivered robust third-quarter results for fiscal 2026, with total segment EBITDA climbing 18 percent to $343 million and revenues rising 9 percent to $2.19 billion. Net income from continuing operations increased 13 percent to $121 million, while both reported and adjusted earnings per share exceeded prior-year comparisons, with reported EPS reaching $0.16 compared to $0.14 in the prior year and adjusted EPS climbing to $0.21 from $0.17. The results underscore CEO Robert Thomson’s assertion that the company remains “on track for another year of record profitability” as it heads into the fourth quarter.
Growth was broadly distributed across News Corp’s portfolio, reflecting the diversification strategy management has pursued over recent years. Digital Real Estate Services proved particularly robust, with REA Group revenues jumping 20 percent to $325 million, buoyed by favorable foreign exchange movements and continued strength in Australian residential markets. Dow Jones segment revenues grew 8 percent to $619 million, driven by 19 percent growth in Risk and Compliance services, 12 percent expansion in Dow Jones Energy, and 13 percent increases in digital advertising. Move, the operator of Realtor.com, contributed $148 million in revenues, up 10 percent from the prior year, as premium offerings and expansion into adjacent growth areas gained traction. Book Publishing revenues rose 8 percent to $555 million, supported by strong sales of Rachel Reid’s Game Changers series, which benefited from a corresponding streaming release.
The earnings strength comes against a backdrop of continued capital returns to shareholders. Management has maintained an accelerated buyback program throughout the quarter, reflecting confidence that the current share price significantly undervalues the company’s intrinsic worth and future prospects. The acceleration of share repurchases signals management’s conviction in the sustainability of these earnings improvements and the longer-term value creation opportunity for remaining shareholders.
News Corp’s positioning around artificial intelligence also features prominently in management commentary. Thomson characterized the company as “an AI inputs company,” suggesting management views the emerging technology landscape not as a competitive threat but as a fundamental tailwind. With valuable content and data assets across journalism, real estate listings, and publishing operations, the company appears well-positioned to benefit from AI applications that require high-quality training data and curated information sources.
For investors, the results point to a diversified business model successfully monetizing both legacy news and information assets alongside high-growth digital real estate and data services. The 18 percent EBITDA growth substantially outpaced the 9 percent revenue growth, indicating meaningful operational leverage and margin expansion across the group. Watch for the fourth-quarter results and full-year guidance, expected later in 2026, to confirm whether the momentum observed through Q3 extends through the end of the fiscal year. The company’s stated confidence in achieving record annual profitability will be tested by these forward-looking metrics. This announcement is classified as price sensitive and has been flagged as material by the ASX.
View the full ASX announcement (PDF)
About News Corporation Limited (ASX: NWS)
News Corporation Limited is a global media and information services company that creates and distributes content and data products through newspapers, digital platforms, broadcast services, and online channels operating in the United States, United Kingdom, Australia, and other international markets. The company operates through five main segments: Digital Real Estate Services (including its 61%-owned interest in REA Group), Dow Jones, Book Publishing (HarperCollins), News Media (operating mastheads including The Wall Street Journal, The Times, The Australian), and other businesses including Storyful and sports media. It generates revenues from news publishing, financial information services, property listings, book publishing, and digital media subscriptions.
If you would like to discuss this announcement or how it might affect your portfolio, request a callback or call us on 1300 889 603.
