News Corp's Q2 revenue up 6%, beats estimates

News Corp

05/02/2026 21:24

Overview

Media and information services firm's fiscal Q2 revenue grew 6%, beating analysts' expectations

Adjusted EPS beat analysts' expectations

Company highlighted strong performance in Dow Jones and Digital Real Estate Services segments

Outlook

News Corp sees favorable signs for second half of fiscal year

Result Drivers

DOW JONES GROWTH - Dow Jones segment revenues increased 8%, driven by higher circulation, subscription, and advertising revenues

DIGITAL REAL ESTATE SERVICES - Revenues increased 8%, supported by higher contributions from REA Group and Move

BOOK PUBLISHING - Revenues grew 6% due to recent acquisitions and strong sales in Christian Publishing and frontlist titles

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$2.36 bln
$2.29 bln (5 Analysts)
Q2 Adjusted EPS
Beat
$0.40
$0.34 (5 Analysts)
Q2 Total Segment EBITDA
$521 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the consumer publishing peer group is "buy"

Wall Street's median 12-month price target for News Corp is $38.00, about 53.9% above its February 4 closing price of $24.69

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nBwYXZKKa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)