News Corporation Reports Strong Q3 Results for Fiscal 2026

News Corporation ("News Corp") (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) has announced impressive financial results for the third quarter of fiscal 2026, showcasing significant growth across its various segments. The report reflects a robust transformation within the company, setting it on course for another year of record profitability.

For the three months ending March 31, 2026, News Corp reported total revenue of $2.19 billion, representing a 9% increase from $2.01 billion in the same period last year. Net income from continuing operations rose by 13% to $121 million, compared to $107 million the previous year. Total Segment EBITDA saw substantial growth, increasing 18% to $343 million.

Earnings per share (EPS) for the quarter was $0.16, up from $0.14 in the prior year. Adjusted EPS, which reflects the company's ongoing performance excluding certain items, increased to $0.21 from $0.17.

The Dow Jones segment recorded revenues of $619 million, an 8% increase year-over-year. This growth was propelled by an uptick in digital advertising and the professional information business. Digital revenues accounted for 84% of total revenues, highlighting the segment's successful transition to digital platforms.

Revenues from Digital Real Estate Services rose 17% to $473 million, primarily driven by higher sales at REA Group and Move. Segment EBITDA surged 25% to $155 million, reflecting strong contributions and improved operational efficiencies.

Book Publishing also enjoyed positive momentum, with revenues climbing 8% to $555 million. The success was attributed to strong sales of notable titles, along with a solid performance in digital formats, which grew by 11%.

The News Media segment reported revenues of $538 million, a 5% increase compared to the previous year. However, Segment EBITDA faced challenges, decreasing 55% to $15 million, driven by lower contributions from News UK and the launch costs of the new California Post.

CEO Robert Thomson expressed confidence in the company’s direction and the intrinsic value that remains unrecognized in the current share price. News Corp is actively executing an enhanced share buyback program at an accelerated rate, reflecting its commitment to returning value to shareholders.

Thomson also highlighted the company’s role in the evolving landscape influenced by artificial intelligence (AI). The recent partnership with Meta and ongoing discussions with other companies signal a strategic focus on AI inputs, which are expected to enhance revenue streams.

News Corp reported a net cash flow from operating activities of $815 million for the nine months ending March 31, 2026, a $26 million increase from the prior year. Free cash flow stood at $535 million, demonstrating the company's robust liquidity position.

As the company looks towards the remainder of the fiscal year, it remains optimistic about sustaining growth and achieving strong profitability, particularly with anticipated contributions from its core growth engines.

News Corporation's third-quarter results reflect a solid performance across its operations, underscoring the company’s adaptability and strategic positioning in a rapidly changing media landscape. With continued investments in technology and digital transformation, News Corp is poised for further growth and profitability as it navigates the complexities of the global market.