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News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses. It operates through five segments: Digital Real Estate Services, Dow Jones, Book Publishing, News Media, and Other. The company distributes content and data products through various media channels, such as newspapers, newswires, websites, mobile apps, newsletters, magazines, proprietary databases, live journalism, video, and podcasts under the MarketWatch, The Wall Street Journal, Barron's, Investor's Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, and Dow Jones Energy brands. It also owns and operates Monday to Friday, Saturday and Sunday, weekly, and bi-weekly newspapers comprising The Australian, The Weekend Australian, The Daily Telegraph, The Sunday Telegraph, Herald Sun, Sunday Herald Sun, The Courier Mail, The Sunday Mail, The Advertiser, Sunday Mail, The Sun, The Sun on Sunday, The Times, The Sunday Times, and New York Post, as well as digital mastheads and other websites. In addition, the company publishes general fiction, nonfiction, children's, and religious books; and operates Storyful, a social media content agency, as well as sports radio network and news channels. Further, it offers property and property-related advertising and services on its websites and mobile applications; digital real estate services; and financial services. The company has operations in the United States, Canada, Europe, Australasia, and internationally. News Corporation was incorporated in 2012 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $8.5B | $1.4B | $1.2B | $571M | 13.4% | 2.4% | 343.6% |
| 2024 | $8.3B | $1.2B | $266M | $540M | 3.3% | 3.0% | 78.5% |
| 2023 | $8.0B | $1.1B | $149M | $430M | 1.8% | -22.9% | -76.1% |
| 2022 | $10.4B | $1.6B | $623M | $855M | 7.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 10,385 | 8,012 | 8,252 | 8,452 |
| Operating Expense | - | 9,404 | 7,338 | 7,451 | 7,496 |
| Operating Income | - | 981 | 674 | 801 | 956 |
| EBITDA | - | 1,599 | 1,089 | 1,241 | 1,415 |
| EBIT | - | 911 | 674 | 801 | 956 |
| Pretax Income | - | 812 | 380 | 585 | 923 |
| Tax Provision | - | 52 | 152 | 206 | 275 |
| Net Income | - | 623 | 149 | 266 | 1,180 |
| Net Income Common Stockholders | - | 623 | 149 | 266 | 1,180 |
| Total Expenses | - | 9,404 | 7,338 | 7,451 | 7,496 |
| Interest Expense | 53 | 99 | 100 | 85 | - |
| Selling General And Administration | - | 3,592 | 3,012 | 3,197 | 3,301 |
| Normalized EBITDA | - | 1,631 | 1,219 | 1,387 | 1,439 |
| Normalized Income | - | 653.08 | 268 | 385.90 | 504.85 |
| Market Cap | 16,577.05 | 16,577.05 | 16,577.05 | 16,577.05 | 16,577.05 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| News Corporationthis co. | NWS | $17.2B | 14.05↑ premium | 1.89 | 13.4% | 12.09 |
| Comcast Corporation | CMCSA | $99.2B | 4.92 | 1.02 | 20.6% | 4.05 |
| Warner Bros. Discovery, Inc. | WBD | $67.8B | 93.34 | 1.89 | 2.0% | 4.51 |
| Electronic Arts Inc. | EA | $53.1B | 45.24 | 7.94 | 17.6% | 25.03 |
| Fox Corporation | FOXA | $29.0B | 11.81 |
| - |
| - |
| - |
| - |
| - |
| 2.24 |
| 18.9% |
| 7.50 |
| Fox Corporation | FOX | $25.9B | 10.56 | 2.00 | 18.9% | 6.76 |
| Charter Communications, Inc. | CHTR | $24.3B | 5.10 | 1.58 | 31.1% | 5.76 |
| News Corporation | NWSA | $14.9B | 12.17 | 1.64 | 13.4% | 10.53 |
| The Trade Desk, Inc. | TTD | $11.7B | 25.74 | 4.59 | 17.8% | 15.87 |
| Peer Median | - | 11.99 | 1.94 | 18.4% | 7.13 | |