News Corp

Company facts

Industry

Newspapers: Publishing or Publishing & Printing

Headquarters

New York, New York

Most recent report

8-K, filed Sep 9, 2026

Incorporated

Delaware

Filings on record

1,004+ filings

On EDGAR

CIK 1564708

Fiscal year ends

June

Filer status

Large accelerated filer

What to read: FY2026 10-K

SECSift found 4 of 27 sections worth reading, with 3 positive, 9 notable, and 7 negative flags.

• Business (Item 1)

  Contains segment revenues, EBITDA, subscription and user metrics for FY2026.
  Notable

  • REA Group ownership increased to 62.0% and announced agreement to sell REA India in July 2026.
  Negative

  • Realtor.com average monthly unique users fell to 68M in Q4 FY2026 from 72M a year ago.
  • News Corp Australia digital subscribers slipped to ~981K from ~993K as of June 30, 2025.

• Risk Factors (Item 1A)

  Material changes: ownership structure, real estate industry risks, newsprint costs, updated debt figures.
  Notable

  • Move's Realtor.com® agreement with NAR is perpetual but terminable; if terminated, Move must transfer software and advertiser agreements to NAR.
  • Ownership restructured: LGC Holdco (controlled by Lachlan Murdoch) now holds ~34.52% of Class B, replacing the Murdoch Family Trust's ~40.6% in FY2025.
  • Share buybacks could increase LGC Holdco's voting power; cap at 44% voting power of Class B stock.
  Negative

  • Real estate industry changes: NAR rule changes and shift to private listing networks may reduce Move's listing data and agent leads.
  • Several newsprint mill closures during fiscal 2026 increased newsprint prices, raising publishing costs.

• Management's Discussion (Item 7)

  Long MD&A with segment results, liquidity details, new credit facility and buyback.
  Positive

  • Total revenue up 7% to $9,028M in FY2026, driven by all segments.
  • Net income from continuing ops up 15% to $743M in FY2026.
  • Digital Real Estate Services Segment EBITDA up 23% to $741M in FY2026.
  Notable

  • New $1.5B credit facility signed March 2026: $1B revolver + $500M term loan, extended to 2031.
  • New disclosure on Iran conflict: no material impact to date but monitoring energy supply disruptions.
  • Foreign currency fluctuations added $189M (2%) to revenue in FY2026.
  • Accumulated pension pre-tax loss decreased from $456M to $429M at June 30, 2026.
  Negative

  • Book Publishing Segment EBITDA down 3% to $287M in FY2026 due to $29M in write-offs.
  • HarperCollins recorded a $16M inventory write-off and a $13M customer receivable write-off.
  • News Media Segment EBITDA down 9% to $139M in FY2026 driven by California Post launch and World Cup costs.

• Financial Statements (Item 8)

  Full financial statements with real results, footnotes, and risk details.
  Notable

  • New stockholders agreement limits Murdoch family voting power to 44% of Class B shares.

What changed: FY2026 vs. FY2025

About 6% of NWS's FY2026 10-K is new information. 46 paragraphs were added, 432 changed, and 149 removed. Below are the most important lines SECSift identified.

• Financial Statements (Item 8) 148
• Management's Discussion (Item 7) 100
• Business (Item 1) 60
• Risk Factors (Item 1A) 43
• Form 10-K Summary (Item 16) 8
• Market Risk (Item 7A) 7
• Market for the Stock (Item 5) 6
• Cybersecurity (Item 1C) 5
• Properties (Item 2) 3