News Corporation · NASDAQ:NWS
News — Investor Presentation (November 2025)
11 slides from News's investor presentation, November 2025
Slide 1: Investor Update
Investor Update November 2025
Slide 2: Forward-Looking Statements, Non-GAAP Measures and Basis of Presentation
Forward-Looking Statements, Non-GAAP Measures and Basis of Presentation These slides may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding tre
Slide 3: News Corp has transformed into a more balanced, diversified company
News Corp has transformed from a collection of largely legacy media assets reliant on advertising to a more balanced and diversified company with recurring revenues and substantially reduced advertising exposure. Fiscal 2014 Revenue (1) Fiscal 2025 Revenue Real Estate Consumer Consumer 16% 24% Real
Slide 4: News Corp has evolved into a digital-first company with over 60% digital revenues
News Corp has evolved into a digital-first company with over 60% of revenues now digital, underpinning its growth Fiscal 2018 % Digital Revenue vs Fiscal 2025 % Digital Revenue FY18 33% Total FY25 62% FY18 16% News Media FY25 38% FY18 18% Book Publishing FY25 24% FY18 60% Dow Jones FY25 82% FY18 100
Slide 5: Our core growth pillars now account for a larger share of profitability
Our core growth pillars — Dow Jones, Digital Real Estate Services, and Book Publishing — now account for a significantly larger percentage of profitability than in 2018 Fiscal 2018 Segment EBITDA (1) Fiscal 2025 Segment EBITDA (1) Book Publishing Book Publishing 20% 18% Digital Real Digital Real Est
Slide 6: Growth in our core pillars has also driven robust margin expansion
Total Segment EBITDA Margin (1,2) 20% +4.8% 16.7% 16% Growth in our core pillars has also 12% 11.9% driven robust margin expansion 8% 4% 0% FY18 FY25 4 Note: USD in millions. (1) FY18 EBITDA Margin includes Foxtel for the 4th quarter reflecting the consolidation of Foxtel. (2) Total Segment EBITDA
Slide 7: 10 Consecutive Quarters of Year-Over-Year Total Segment EBITDA growth
10 Consecutive Quarters of Year-Over-Year Total Segment EBITDA growth driving double digit annual growth Quarterly Total Segment EBITDA +14% +14% Y/Y Y/Y (1) 1,415 $ millions (1) 1,241 (1) 1,089 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY23 FY24 FY25 Q1 Q2 Q3 Q4 5 Note:
Slide 8: Dow Jones Segment EBITDA has tripled since FY18
Dow Jones Segment EBITDA has tripled since FY18, driven by growth in the Professional Information Business Segment Revenue Segment EBITDA $2,331 CAGR CAGR +17.3% +6.5% $588 $903 $1,500 $410 $193 $1,428 $1,090 FY 2018 FY 2025 FY 2018 FY 2025 Segment PIB Consumer EBITDA 12.9% 25.2% Margin 6 Notes: US
Slide 9: Key Transactions Since FY20
Key Transactions Since FY20 Disciplined portfolio management has increased exposure to faster growing & more profitable segments Acquisitions Dispositions Harper Collins acquires HMH Dow Jones acquires IBD REA moved to controlling REA acquired Dow Jones Dow Jones Dow Jones acquired stake in Elara Mo
Slide 10: Appendix
IE WALLSTREET JOURNAL DOW JONES @ REA Grou E WALL STREET JOURNAL 1 DOW JONES @ re Neurs Corp Appendix THE WALL STREET JOURNAL DOW JONES Br THE WALL STREET JOURNAL DOW JONES a
Slide 11: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Total Segment EBITDA and Total Segment EBITDA Margin Reconciliation (1) FY 2018 (2) FY 2023 FY 2024 FY 2025 Net income from continuing Net income (loss) (1,444) operations 228 379 648 Income tax expense from Income tax expense 355 continuing operations 152