News Corporation Reports 9% Revenue Growth to $2.185 Billion in Q3 2026

News Corporation reported its financial results for the third quarter and nine months ended March 31, 2026, revealing a total revenue of $2.185 billion for the quarter, a 9% increase from $2.009 billion in the same period last year. For the nine months, revenues rose to $6.691 billion, up 5% from $6.343 billion. The company’s net income for the quarter was $121 million, a decrease from $137 million in the prior year, while net income for the nine months was $513 million, down from $564 million. The earnings per share for the quarter were $0.16, compared to $0.18 in the previous year.

The increase in revenue was primarily driven by growth in the Digital Real Estate Services segment, which saw a 17% rise in revenues, and the Dow Jones segment, which benefited from higher circulation and subscription revenues. The Book Publishing segment also contributed positively with an 8% increase in revenues. However, the News Media segment's performance was mixed, with circulation revenues increasing but advertising revenues declining. The impact of foreign currency fluctuations added approximately $88 million to revenues for the quarter.

Operating expenses increased by 5% to $952 million for the quarter, attributed to higher costs in the News Media and Book Publishing segments, as well as increased employee costs in the Dow Jones segment. Selling, general, and administrative expenses also rose by 9% to $890 million, reflecting higher marketing and employee costs across various segments. The company recorded impairment and restructuring charges of $18 million for the quarter, compared to $13 million in the prior year.

In terms of strategic developments, News Corporation completed its stock repurchase program, having repurchased 7.5 million shares for $193 million during the quarter. The company also announced a new stock repurchase program authorizing up to $1 billion in share buybacks. As of March 31, 2026, the company had cash and cash equivalents of $2.171 billion, with total borrowings amounting to $1.988 billion. The company expects to maintain adequate liquidity to meet its operational and financial obligations in the coming year.

Looking ahead, News Corporation anticipates continued growth in free cash flow despite higher capital expenditures. The company remains focused on evaluating potential acquisitions and strategic investments to enhance its market position across its diverse media and information services portfolio.