News Corporation Earnings Call Transcripts
Fiscal Year 2026
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Delivered strong Q3 results with 9% revenue and 18% EBITDA growth, driven by Dow Jones, Digital Real Estate, and Book Publishing. Accelerated share buybacks and major AI licensing deals support future growth, while robust free cash flow and digital transformation position the company for continued success.
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Dow Jones is targeting $1 billion in EBITDA within five years, driven by digital-first transformation, B2B growth in risk and energy, and AI-powered innovation. Premium pricing, high retention, and proprietary data underpin strong financial performance, while bolt-on M&A and international expansion offer further upside.
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Continued portfolio refinement and digital growth have driven record profits and strong investor returns. AI partnerships and content monetization are expanding, while real estate and news assets leverage proprietary data for competitive advantage.
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Revenue and EBITDA grew 6% and 9% year-over-year, led by Dow Jones and Digital Real Estate. Strong cash flow enabled accelerated buybacks, while digital and B2B segments drove margin expansion. Moody’s upgraded the outlook to positive.
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Revenue and profitability grew, led by Dow Jones and digital real estate, while book publishing faced headwinds but showed recent improvement. Share buybacks accelerated, digital revenues rose, and strong free cash flow is expected for the year.
Fiscal Year 2025
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The conference highlighted a strategic focus on digital real estate, Dow Jones, and HarperCollins, with AI seen as a key driver of efficiency and personalization. Strong segment performance, ongoing margin improvements, and accelerated capital returns position the business for continued growth, while quality content and creative integration remain central to future success.
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Fiscal 2025 delivered record profitability, with revenues up 2% and EBITDA up 14% year-over-year. Strong results in Dow Jones and Digital Real Estate drove margin expansion, while a new $1B buyback was authorized following the Foxtel sale.
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Net income rose 67% to $107M and revenues grew 1% to $2B, with strong EBITDA and margin expansion. Dow Jones, digital real estate, and book publishing drove growth, while the Foxtel sale improved the balance sheet and capital flexibility.
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The session highlighted a successful digital transformation, with record results and a focus on core assets like Dow Jones, digital real estate, and books. Strategic deals, AI partnerships, and ongoing simplification are driving growth and positioning for future value creation.
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Revenue from continuing operations rose 5% to $2.24 billion, with net income up 58% and segment EBITDA up 20% year-over-year. The Foxtel sale to DAZN will strengthen the balance sheet, while core segments—Dow Jones, digital real estate, and book publishing—drove robust growth.
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Record first quarter revenue and profitability were driven by strong digital real estate, Dow Jones B2B growth, and robust book publishing, while cost discipline and digital transformation reduced reliance on advertising. Outlook remains positive, with continued focus on digital, B2B, and operational efficiencies.
Fiscal Year 2024
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The U.S. book market is experiencing strong growth, with fiction and deluxe print editions leading demand. Audiobooks now outpace e-books, driven by competition and new platforms like Spotify, while AI and international expansion offer future growth opportunities.
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The company is prioritizing core buy and sell businesses, launching new products, and modernizing technology to capture market share as the U.S. real estate market recovers. Strategic partnerships and a customer-centric approach are central to growth plans.
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Fourth quarter revenue grew 6% to $2.6B and segment EBITDA rose 11% to $380M, with strong gains in digital real estate, Dow Jones, and book publishing. Strategic review continues, including third-party interest in Foxtel and a major OpenAI content deal.