News Corporation

Q2 FY26Media

News Corporation Q2 FY26 Results — Earnings Call Analysis

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹27

Market cap₹14.5K Cr

P/E33.2

Published29 May 2026

What the Q2 FY26 call signalled

1 of 3 strong

RevenueRank 3

MarginRank 3

CapexYes

Not discussed on this call: fundraise, order book.

The short version

- Total revenue rose 9% to $2.2 billion in Q3 FY26, with ongoing strong momentum expected into Q4. - News Corp expects continued strong fourth-quarter results, building on positive trends from the first half and third quarter of fiscal 2026.

From News Corporation's Q2 FY26 earnings-call transcript · updated 29 May 2026.

Revenue & Sales Performance

Rank 3

Total revenue rose 9% to $2.2 billion in Q3 FY26, with ongoing strong momentum expected into Q4.
Dow Jones expects continued strong revenue performance, targeting $1 billion in annual segment EBITDA within 5 years.
Digital Real Estate Services grew 17% reported (8% adjusted); Realtor.com revenues increased 10%, with expectations to capitalize on housing market recovery.
Book Publishing revenues grew 8%, driven by strong frontlist programs and digital formats.
News Media segment revenue rose 5% but faces some ongoing investment costs (California Post launch) with content licensing revenue benefits expected in Q4.
AI partnerships and licensing agreements with major platforms (e.g., Meta, OpenAI) anticipated to contribute meaningful revenue growth over next years.
Growth adjacencies (e.g., new homes, rentals in real estate) continue to perform well, supporting expansion.
Overall, segments Dow Jones, Digital Real Estate Services, and Book Publishing projected to drive further double-digit profitability growth.

Profitability & Margins

News Corp expects continued strong fourth-quarter results, building on positive trends from the first half and third quarter of fiscal 2026.
Total segment EBITDA grew 18% in Q3, with margins expanding from 14.4% to 15.7%, indicating ongoing margin improvement.
Earnings per share (EPS) and adjusted EPS increased notably in Q3, with net income from continuing operations rising 13%.
The company anticipates strong free cash flow growth for the fiscal year, despite moderately higher capital expenditures.
Dow Jones is on track to reach $1 billion in annual segment EBITDA within the next five years.
Digital Real Estate Services and Book Publishing continue to drive double-digit profit growth and positive momentum.
Incremental costs are expected for News Media due to the California Post launch but offset by content licensing revenues.
Overall, News Corp remains confident in expanding revenue, profits, and profit margins over time.

See what News Corporation said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

News Corp expects moderately higher capital expenditures for fiscal year 2026, as previously communicated.
The News Media segment will incur incremental costs related to the rollout of the California Post.
Investments continue in Digital Real Estate Services, including innovations like the realtor.com app in ChatGPT and expansion of realtor.com plus.
Dow Jones balances investment and returns carefully, with ongoing development in Risk and Compliance and Dow Jones Energy businesses.
No specific quantitative capex figures disclosed, but investment is focused on strategic growth areas such as AI integration, content licensing, and product innovation.
The company emphasizes disciplined investment, particularly in the California Post, aiming for profitability growth while controlling costs.

Fundraising & Capital Structure

There is no mention of any current or planned new fundraising through debt or equity in the provided document.
The company emphasizes strong free cash flow and a robust cash position, which provide financial flexibility and optionality.
News Corp is actively executing an accelerated share buyback program, repurchasing $193 million in shares in Q3 and $459 million year-to-date, reflecting confidence in the company's intrinsic value rather than raising new equity.
There is no indication of any new debt issuance or equity offerings planned or underway in the discussed period.

See what News Corporation said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided pages (1-9) of the News Corp Q3 2026 Earnings Call transcript do not mention current or expected orderbook or pending orders figures. The discussion primarily focuses on: - Revenue and EBITDA growth across segments (News Media, Dow Jones, Digital Real Estate, Book Publishing). - Strategic investments and partnerships, especially around AI (e.g., Meta, OpenAI). - Strong performance and future outlook of segments without specific details on order backlog. - Cost efficiencies, licensing revenues, and market conditions. No explicit information or quantitative data regarding current or expected orderbook or pending orders is disclosed in the transcript.

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Rev 3Mar 3

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Frequently Asked Questions

What were News Corporation Q2 FY26 results?

What is News Corporation share price analysis?

News Corporation currently shows a below-average growth signal. The stock trades at a P/E of 33.2 with a market cap of $14,518. Investors should review the full earnings analysis for detailed insights.

Is News Corporation planning capital expenditure?

- News Corp expects moderately higher capital expenditures for fiscal year 2026, as previously communicated.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.