News Corp fiscal 2026 stock analysis: real estate and Dow Jones lead

Key takeaways

• This stock analysis reviews News Corp’s fiscal 2026 results, released August 5, 2026 and filed with the SEC.
• Full-year revenue rose 7% to $9.03 billion, and total segment EBITDA rose 15% to $1.63 billion.
• Fourth-quarter revenue grew 11% to $2.34 billion, with segment EBITDA up 31% to $423 million.
• Digital Real Estate Services posted the fastest profit growth, with fourth-quarter segment EBITDA up 46%.
• Share buybacks reached $643 million, more than four times the prior-year pace.

Stock analysis: a stronger finish to the year

News Corp, whose businesses span Dow Jones, digital real estate, HarperCollins book publishing and news media, ended its fiscal year with a strong fourth quarter. Fourth-quarter revenue rose 11% to $2.34 billion. Income from continuing operations was $230 million, up 167%, and earnings per share from continuing operations were $0.33 versus $0.09 a year earlier. Adjusted EPS rose to $0.35 from $0.19.

For the full year, revenue increased 7% to $9.03 billion, income from continuing operations rose 15% to $743 million, and diluted EPS was $1.03 versus $0.84. Adjusted diluted EPS was $1.18 compared with $0.89. Operating cash flow rose 26% to $1.24 billion, and free cash flow increased 42% to $811 million.

Segment results

Segment (FY2026)	Revenue	Segment EBITDA	EBITDA change
Dow Jones	$2.497B	$663M	+13%
Digital Real Estate Services	$2.016B	$741M	+23%
Book Publishing	$2.288B	$287M	-3%
News Media	$2.227B	$139M	-9%

Digital Real Estate Services was the largest profit contributor for the year. In the fourth quarter its revenue rose 19% to $553 million and segment EBITDA rose 46% to $222 million. REA Group’s quarterly revenue climbed 21% to $386 million, helped by an 11% increase in Australian residential listings, and Move, which operates Realtor.com, grew revenue 13% to $167 million with 68 million monthly unique users.

Dow Jones grew steadily. Fourth-quarter revenue rose 7% to $644 million and segment EBITDA rose 20% to $181 million. Its Risk & Compliance business grew 11% in the quarter and 16% for the year. Total subscriptions reached 6.7 million, up 7%, including 4.8 million for The Wall Street Journal.

Book Publishing had a strong fourth quarter, with revenue up 15% to $566 million, but full-year segment EBITDA slipped 3%. Backlist titles made up 62% of annual revenue. News Media remained the weakest unit: fourth-quarter segment EBITDA fell 14% to $24 million, even though digital accounted for 41% of the segment’s quarterly revenue. The Times and Sunday Times reached 681,000 digital subscribers, up from 640,000.

Capital return and AI

The company repurchased $643 million of stock during the year, and REA Group bought back $141 million of its own shares. The board declared a semi-annual dividend of $0.10 per share. With free cash flow of $811 million for the year, the buyback alone absorbed most of the cash the business generated, a sign that management sees repurchases as a priority use of capital. Management also highlighted content licensing agreements with OpenAI and Meta and described content creators as a critical participant as AI expands.

What to watch

One useful way to read the year is by mix. Digital Real Estate Services and Dow Jones together produced about $1.40 billion of the $1.63 billion in total segment EBITDA, while Book Publishing and News Media, which together generated about half of revenue, contributed a much smaller share of profit.

The results show a company whose profit growth is increasingly driven by digital real estate and professional information rather than traditional publishing. The items to follow are whether Australian listing growth holds, whether Dow Jones keeps adding subscribers at a mid-single-digit pace, and whether News Media can stabilize its profit. This review is based on the filing and does not include a valuation view or recommendation.