News Corp profits spike nearly 30% in fourth quarter, revenue rises 1%
Net income from continuing operations for the fourth quarter was $86 million, compared to $67 million in the prior year period, the company said. Revenues rose to $2.11 billion, compared to $2.09 billion in the prior year period, and topped estimates of $2.1 billion, according to data compiled by LSEG.
The New York-based media giant's earnings were boosted by higher circulation and subscription revenues at its Dow Jones division, which includes The Wall Street Journal, Barron's, MarketWatch and Investor's Business Daily.
News Corp's earnings were boosted by higher circulation and subscription revenues at its Dow Jones division, which includes The Wall Street Journal, Barron's, MarketWatch and Investor's Business Daily.
REUTERS
For the 2025 fiscal year, which ended in July, profits skyrocketed 71%, to $648 million from $379 million the previous year. Revenues for the full year increased 2%, to $8.45 billion, compared to $8.25 billion in the prior year.
'These robust results have enhanced our financial position and thus our ability to return capital to shareholders,' News Corp CEO Robert Thomson said.
News Corp's board of directors last month authorized a new $1 billion stock repurchase program, in addition to the approximately $300 million remaining from the previous $1 billion program authorized four years ago.
'We expect to begin executing repurchases at an accelerated rate shortly after the release of these results,' Thomson said. 'This significantly larger total and significantly faster tempo emphasize our belief in the Company's financial strength.'
The strong earnings report comes a day after The Post announced plans to expand to the West Coast with the launch of The California Post in early 2026.
The strong earnings report comes a day after The Post announced plans to expand to the West Coast with the launch of The California Post in early 2026.
Thomson made a pointed call for the industry to 'cherish the value of intellectual property' amid the looming threat posed by artificial intelligence.
'Much is made of the competition with China, but America's advantage is ingenuity and creativity, not bits and bytes, not watts but wit. To undermine that comparative advantage by stripping away IP rights is to vandalize our virtuosity.' he said.
'Even the President of the United States is not immune to this blatant theft. The President's books are still reporting healthy sales, but are being consumed by AI engines which profit from his thoughts by cannibalizing his concepts, thus undermining future sales of his books. Suddenly, 'The Art of the Deal' has become 'The Art of the Steal.''
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