# News Corporation (Class A) (NWSA) — Financial Analysis

**Exchange:** NASDAQ  
**Coverage as of:** 2026-Q2  
**Updated:** 2026-05-18  
**Tier:** Free primer (step 2 of 19)  
**Sibling pages:** /stocks/NWSA/thesis · /stocks/NWSA/memo

## 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 ($1.00) adds 8 dimensions not included here:

- Revenue Breakdown — segment revenue, geographic mix, product-line margins
- Financial Trends — QoQ momentum, leading indicators, inflection points
- Balance Sheet — debt structure, dilution risk, working capital dynamics
- Capital Allocation — ROIC, buyback cadence, reinvestment efficiency
- Earnings Analysis — beats/misses, guidance vs actuals, transcript highlights
- Competitive Positioning — market share, pricing power, peer benchmarks
- Industry Context — TAM, sector tailwinds/headwinds, regulatory backdrop

**API endpoint:** GET /api/v1/research/NWSA/fundamental

## Navigation

- Overview: /stocks/NWSA
- Financials (this page): /stocks/NWSA/financials
- Thesis: /stocks/NWSA/thesis
- Investment Memo: /stocks/NWSA/memo
- Coverage universe: /stocks