News Corporation (Class A)

NWSA
Financial Analysis · Updated May 18, 2026 · Coverage 2026-Q2
Latest Q Revenue
$2.2B
Q3 FY2026 · +8.8% YoY
TTM ROIC
6.6%
FY2025 · Net Income (continuing ops) / Invested Capital (Equity + Net Debt) · WACC ~8.5% · Moat spread +-1.9pp

Financial Snapshot

ticker: NWSA step: 04 generated: 2026-05-13 source: quick-research

News Corporation Class A (NWSA) — Financial Snapshot

Note on Share Classes

NWSA (Class A) and NWS (Class B) represent the same company. Financials are identical; the only distinction is voting rights. See /Users/guy/Desktop/Stocks/NWS/Step_04_Financial_Snapshot.md for the full financial snapshot.

Summary (same as NWS)

Metric FY2022 FY2023 FY2024 YoY
Revenue ~$10.4B $9.90B $8.90B -10.1%
Total Segment EBITDA $1.67B ~$1.55B ~$1.60B ~+3%
Adj. EPS $1.20 ~$1.10 ~$0.90 n/m

FY2025: Record profits; 11 consecutive quarters of EBITDA growth; FY2026E adj. EPS ~$0.97 (+9%)

Key Ratios

  • P/E: ~27x (FY2025 adj.) | EV/EBITDA: ~10x
  • Digital revenue: 62% of total (FY2025) vs. 32% (FY2018)
  • Dow Jones digital subs: 5.9M (+10% YoY); total 6.4M (+8%)
  • AI licensing: OpenAI ~$250M/5yr + Meta ~$50M/yr
  • Analyst avg. price target: ~$35.57 (Strong Buy, 9 analysts; ~48% upside from ~$24)

Deeper Financial Analysis

The fundamental tier adds 9 additional research dimensions for $NWSA.

Revenue Breakdown
Segment revenue, geographic mix, product-line contribution margins, and cohort dynamics.
Financial Trends
Quarter-over-quarter momentum, leading indicators, and inflection point analysis.
Balance Sheet
Debt structure, liquidity runway, dilution risk, and working capital dynamics.
Capital Allocation
Buyback cadence, M&A appetite, dividend policy, and reinvestment priorities.
Returns on Capital (ROIC)
Multi-year ROIC vs. WACC, marginal returns on reinvestment, sales-to-invested-capital efficiency, and moat spread.
GET /api/v1/research/NWSA/fundamental$1.00 · Bearer token required
Markdown: /stocks/nwsa/financials/md · → thesis · → memo