News Corporation · NASDAQ:NWS
News — Q4 FY2026 Earnings Presentation
17 slides from News's earnings presentation, August 2026
Slide 1: News Corp Investor Update
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix News Corp Investor Update August 2026 1
Slide 2: Forward-Looking Statements, Non-GAAP Measures and Basis of Presentation
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix 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.
Slide 3: News Corp caps off another set of record financial results
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix News Corp caps off another set of record financial results1… Growth driven by performance of core …Leading to robust free cash engines at Dow Jones, Digital Real Estate and accelerated capital returns Services
Slide 4: …with accelerated growth in Q4
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix …with accelerated growth in Q4 Q4 Revenue Q4 Total Segment EBITDA Q4 Net Income Q4 Adjusted EPS $2.3B $423M $230M $0.35 +11% vs. +31% vs. +167% vs. vs. $0.19 in prior year prior year prior year prior year ● Re
Slide 5: Q4 FY26 Financial Summary
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix Q4 FY26 Financial Summary $ in millions Q4 Q4 Δ YoY Q4 Δ YoY Adj. Δ YoY Consolidated Results Segment Revenue FY26 Better/(Worse) Better/(Worse) FY26 FY25 Better/(Worse) 24% 27% Dow Jones $644 7% 6% Circulation
Slide 6: FY26 marked three consecutive years of double-digit Total Segment EBITDA growth with margin expansion
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix FY26 marked three consecutive years of double-digit Total Segment EBITDA growth with margin expansion… +15% +14% $1.6B 18.0% Margin +14% $1.4B Record 16.7% Margin profitability $1.2B in Fiscal 15.0% Margin 2026
Slide 7: …converting to strong EPS growth and free cash flow generation
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix …converting to strong EPS growth and free cash flow generation EPS Free Cash Flow X% 58% X% 24%CAGR over last 5 years CAGR over CAGR over CAGR over last35 years last years last 3 years $1.03 $811M $0.84 $571M
Slide 8: News Corp's transformation continues at pace, increasing recurring revenue
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix News Corp’s transformation continues at pace, increasing recurring revenue and reducing advertising exposure… 24% 16% 17% 5% 48% 2 Advertising 15% 8% 31% 36% FY141 FY26 1 Revenues do not include Digital Educat
Slide 9: …with focus on digital revenue growth
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix …with focus on digital revenue growth. FY141 FY26 22% 61% Digital Revenue2 Nearly tripled digital mix Advertising Revenue3 Reduced advertising reliance 48% 15% Total Segment EBITDA Margin Expanded profitabilit
Slide 10: Our core growth engines account for the majority of profitability
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix Our core growth engines account for the majority of profitability… 69% 92% FY18 FY26 1 Other Segment EBITDA has been excluded from Total Segment EBITDA in calculating the percentages. Note: Total Segment EBITD
Slide 11: …with Dow Jones on a path to $1B Segment EBITDA by fiscal 2030
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix …with Dow Jones on a path to $1B Segment EBITDA by fiscal 2030 $1B Drivers to $1B Generating outsized growth in Risk and Energy, expected to drive margin expansion Acceleration in direct-to-consumer with new $
Slide 12: Appendix
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix Appendix 12
Slide 13: Reconciliation of GAAP to Non-GAAP Measures
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix Reconciliation of GAAP to Non-GAAP Measures Total Segment EBITDA and Total Segment EBITDA Margin ($ in millions) FY141 FY18 FY23 FY24 FY25 FY26 Q4 FY26 Q4 FY25 Net income (loss) from continuing operations 436
Slide 14: Reconciliation of GAAP to Non-GAAP Measures
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix Reconciliation of GAAP to Non-GAAP Measures Adjusted Revenues, Adjusted Segment EBITDA and Adjusted Total Segment EBITDA ($ in millions) Net Impact of Impact of Impact of Impact of FX U.K. Newspaper As Better/
Slide 15: Reconciliation of GAAP to Non-GAAP Measures
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix Reconciliation of GAAP to Non-GAAP Measures Adjusted Revenues, Adjusted Segment EBITDA and Adjusted Total Segment EBITDA ($ in millions) Net Impact of Impact of Impact of Impact of FX U.K. Newspaper As Q4 FY25
Slide 16: Reconciliation of GAAP to Non-GAAP Measures
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix Reconciliation of GAAP to Non-GAAP Measures Free Cash Flow ($ in millions) FY23 FY24 FY25 FY26 Net cash provided by operating activities from continuing operations 777 897 978 1,237 Less: capital expenditures
Slide 17: Reconciliation of GAAP to Non-GAAP Measures
Investor Update Overview Dow Jones Digital Real Estate Book Publishing News Media Appendix Reconciliation of GAAP to Non-GAAP Measures Adjusted EPS ($ in millions, except per share data) Q4 FY26 Q4 FY25 Net income Net income attributable to attributable to stockholders EPS stockholders EPS Net incom