News Corporation Reports 6% Revenue Growth to $2.362 Billion in Q2 Fiscal 2026

News Corporation reported its financial results for the second quarter of fiscal 2026, revealing a total revenue of $2.362 billion for the three months ended December 31, 2025, a 6% increase from $2.238 billion in the same period last year. For the six months, revenues rose to $4.506 billion, up 4% from $4.334 billion. The growth was primarily driven by higher circulation and subscription revenues in the Dow Jones segment, which saw an increase of $36 million, or 8%, to $497 million, and a 6% rise in the Digital Real Estate Services segment, which generated $511 million.

Despite the revenue growth, News Corp's net income from continuing operations decreased to $242 million for the three months ended December 31, 2025, down from $306 million in the prior year, reflecting a 21% decline. For the six-month period, net income also fell to $392 million from $455 million, a 14% decrease. The decline in profitability was attributed to increased operating expenses, which rose by 5% to $1.008 billion for the quarter, driven by higher costs in the Book Publishing segment and a one-time write-off related to inventory.

Strategically, News Corp has been active in acquisitions, with the Book Publishing segment benefiting from a $15 million revenue boost from recent acquisitions. The company also reported a significant increase in its stock repurchase activities, having repurchased 6.3 million shares for $172 million during the quarter. The total remaining authorized amount under its stock repurchase programs is approximately $1.044 billion.

Operationally, the company reported a slight increase in customer engagement, with total consumer subscriptions rising to 6.508 million, a 10% increase year-over-year. The Dow Jones segment's digital-only subscriptions grew by 13%, reflecting a shift towards digital consumption. Additionally, the Digital Real Estate Services segment reported a 10% increase in revenues at Move, driven by higher sales of premium offerings.

Looking ahead, News Corp anticipates continued revenue growth driven by its diversified media and information services. The company remains focused on leveraging its digital platforms and expanding its market presence, particularly in the real estate and publishing sectors. However, management acknowledged potential challenges, including fluctuating market conditions and increased operational costs, which may impact future profitability.