NWSA · Full Picture

NEWS CORP — the full picture

Trailing window · 2026-05-11 to 2026-08-09

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

1. Revenue Performance and Mix · Revenue growth & mixPriority 68
   +51.7% revenue (realized); 2 sources (news, press_release); quote_verified
   Fiscal 2026 News Media total segment revenues: $2,227, FX impact $81, Fiscal 2026 constant currency: $2,146, % Change - reported: 3%, % Change - constant currency: (1)%
2. Free Cash Flow and Liquidity · UnclassifiedPriority 66
   +21.4% cash (realized); quote_verified
   Operating cash flow for fiscal 2026 increased by 26% to $1.24 billion
3. Operating Income and Margins · Operating income & profitabilityPriority 66
   +16.4% operating_income (realized); quote_verified
   Fourth quarter Total Segment EBITDA was $423 million, a 31% increase compared to $322 million in the prior year
4. Capital Return Program · Buybacks & dividendsPriority 64
   3 forward row(s); quote_verified
   The buyback accelerated to well over four times the prior year’s rate at $643 million
5. Book Publishing Demand Trends · Demand, orders & backlogPriority 62
   +9.0% revenue (realized); 2 sources (news, press_release); 1 forward row(s); quote_verified
   Fiscal 2026 Book Publishing total segment revenues: $2,288, FX impact $28, Fiscal 2026 constant currency: $2,260, % Change - reported: 6%, % Change - constant currency: 5%
6. Digital Real Estate Demand · Demand, orders & backlogPriority 58
   +9.2% revenue (realized); quote_verified
   Fiscal 2026 Digital Real Estate Services total segment revenues: $2,016, FX impact $63, Fiscal 2026 constant currency: $1,953, % Change - reported: 12%, % Change - constant currency: 8%
7. Real Estate Platform Positioning · UnclassifiedPriority 54
   +6.9% revenue (realized); quote_verified
   Fiscal 2026 Digital Real Estate Services Real estate revenue: $1,571, FX impact $49, Fiscal 2026 constant currency: $1,522, % Change - reported: 11%, % Change - constant currency: 8%
8. Subscription Demand Trends · UnclassifiedPriority 54
   +8.3% revenue (realized); quote_verified
   Fiscal 2026 Consolidated Circulation and subscription revenue: $3,203, FX impact $60, Fiscal 2026 constant currency: $3,143, % Change - reported: 6%, % Change - constant currency: 4%
9. Geographic Revenue Shift · Geographic mixPriority 46
   +4.0% revenue (realized); quote_verified
   REA Group’s full year revenues increased $156 million, or 12%, to $1.41 billion including a $63 million, or 5%, positive impact from foreign currency fluctuations
10. Operating Expense Trends · Operating expenses (SG&A)Priority 42
    qualitative only
11. Outstanding Indebtedness · Debt, leverage & refinancingPriority 42
    qualitative only
12. FX / Currency Impact · Currency / FXPriority 41
    quote_verified
    REA Group results included a $38 million, or 12%, positive impact from foreign currency fluctuations in the quarter

Threads by pillar

Revenue & Demand Priority 75 · 6 threads

• Revenue Performance and MixPriority 68 · News, Release
• Book Publishing Demand TrendsPriority 62 · News, Release
• Digital Real Estate DemandPriority 58 · Release
• Geographic Revenue ShiftPriority 46 · Release
• Geographic Market CommentaryPriority 33 · Release
• Product Launch and TransitionPriority 29 · Release

Costs & Margins Priority 70 · 3 threads

• Operating Income and MarginsPriority 66 · Release
• Operating Expense TrendsPriority 42 · Release
• Restructuring ChargesPriority 35 · Release

Capital & Balance Sheet Priority 70 · 4 threads

• Capital Return ProgramPriority 64 · Release
• Quarterly Dividend DeclarationPriority 35 · News
• Outstanding IndebtednessPriority 42 · Release
• Income Tax Rate ChangesPriority 33 · Release

Strategy & Portfolio Priority 42 · 3 threads

• Acquisition / Partnership / DivestiturePriority 35 · Release
• Housing.com DivestiturePriority 33 · Release
• AI Data Licensing StrategyPriority 24 · Release

Macro & Market Conditions Priority 43 · 2 threads

• FX / Currency ImpactPriority 41 · Release
• Macroeconomic Consumer PressurePriority 20 · Release

Unclassified Priority 72 · 3 threads

• Free Cash Flow and LiquidityPriority 66 · Release
• Real Estate Platform PositioningPriority 54 · Release
• Subscription Demand TrendsPriority 54 · Release

Expected impact by metric