News Corporation (NWSA) Stock Price & How to Invest

News Corporation is a diversified media and information company built out of the 2013 separation from Twenty-First Century Fox, and it now runs four reporting segments. Dow Jones is the largest profit engine, with fiscal 2026 revenue of ~$2.50 billion and segment EBITDA of ~$663 million, 84% of it digital, spanning The Wall Street Journal, Barron's, Dow Jones Risk & Compliance (~$392 million, up ~16%) and Dow Jones Energy including OPIS (~$301 million, up ~8%). Digital Real Estate Services holds a 62.0% interest in ASX-listed REA Group (realestate.com.au) and an 80% interest in Move, which operates Realtor.com, together producing ~$2.02 billion of revenue and ~$741 million of segment EBITDA. Book Publishing is HarperCollins at ~$2.29 billion of revenue, and News Media covers News Corp Australia, The Times and Sunday Times, The Sun, the New York Post, the newly launched California Post and News Broadcasting, at ~$2.23 billion of revenue but only ~$139 million of EBITDA. Foxtel left the group in the DAZN sale that closed in fiscal 2025 and sits in discontinued operations, so prior-year comparisons look odd unless you separate continuing operations.

Fiscal 2026, which ended June 30, 2026, was the strongest year News Corp has reported on a continuing-operations basis: revenue of ~$9.03 billion (up ~7%), net income from continuing operations of ~$743 million (up ~15%), Total Segment EBITDA of ~$1.63 billion (up ~15%), operating cash flow of ~$1.24 billion and free cash flow of ~$811 million (up ~42%). Diluted EPS from continuing operations attributable to News Corp stockholders came in at ~$1.03 versus ~$0.84, with adjusted EPS at ~$1.18. Reported net income attributable to stockholders fell to ~$573 million from ~$1,180 million, but the decline is entirely the absence of the prior year's ~$692 million Foxtel gain, not deterioration in the operating business. At ~$28.70 per share in mid-August 2026 the company carries a market value near ~$15.5 billion across ~540 million Class A and Class B shares combined, which works out to roughly ~28x trailing GAAP EPS from continuing operations, ~24x adjusted EPS and about ~9.5x Total Segment EBITDA. Two structural facts sit underneath any read of that number: News Corp's 62.0% of REA Group alone is worth around A$14.4 billion (roughly ~US$9.4 billion at ~0.65 US dollars per Australian dollar), close to 60% of the entire market capitalization, and the Class B shares that decide the company's fate are held disproportionately by Murdoch family entities.

News Media is the obvious drag: revenue rose ~3% in fiscal 2026 only because of a ~$81 million currency tailwind, adjusted revenue actually fell ~1%, and segment EBITDA declined ~9% to ~$139 million against ~$2.23 billion of revenue, a margin that leaves no room for further print decline or for the cost of new bets such as the California Post. Currency itself is a real swing factor rather than a footnote, since News Corp reports in US dollars while earning heavily in Australian dollars and British pounds, and ~$189 million of the ~$576 million revenue increase was foreign-exchange translation. Concentration in REA Group cuts both ways, because REA shares are down roughly 29% over the past year, Australian housing listings are cyclical, and ~$255 million of the group's cash is trapped at REA until REA declares a dividend. Move faces a US housing market with weak transaction volumes plus post-settlement changes to how buyer-broker commissions work and a shift of listing inventory toward private networks. Governance is the structural risk most specific to NWSA holders: Class A has effectively no vote, LGC Holdco (the Murdoch family entities that replaced the Murdoch Family Trust under a September 2025 stockholders agreement) held ~34.52% of Class B as of June 30, 2026 with the agreement permitting up to 44% of Class B voting power, and the charter's supermajority and written-consent provisions mean outside holders have little practical route to force a break-up or a change of control. Legacy U.K. Newspaper Matters claims over voicemail interception continue, though the accrual is small at ~$8 million and FOX Corporation indemnifies most of the cost.

8 analysts publish price targets on NWSA, averaging $35.54 against a $28.70 price as of August 2026, or +23.8%. The published targets run from $30.30 to $43.00, a moderate spread, and the ratings split 7 buy, 1 hold, 0 sell. Over the last six months there has been 1 raise and 1 cut among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full NWSA forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on News Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Dow Jones as a professional-information business, not a newspaper. Roughly 84% of Dow Jones revenue is now digital, and the fastest-growing pieces are subscription data products sold to institutions rather than consumers. The most optimistic published target, $43.00, assumes this works close to its best case.

The case against. News Media is the obvious drag: revenue rose ~3% in fiscal 2026 only because of a ~$81 million currency tailwind, adjusted revenue actually fell ~1%, and segment EBITDA declined ~9% to ~$139 million against ~$2.23 billion of revenue, a margin that leaves no room for further print decline or for the cost of new bets such as the California Post. The most pessimistic target, $30.30, is roughly what NWSA is worth if this bites instead.

Read the full bull and bear case on NWSA, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see News Corporation's investor relations page or your broker.

• Revenue (TTM): ~$9.03 billion for fiscal 2026 (year ended June 30, 2026), up ~7% from ~$8.45 billion; Q4 revenue ~$2.34 billion, up ~11%
• Earnings: Net income from continuing operations ~$743 million (up ~15%); diluted EPS from continuing operations attributable to stockholders ~$1.03 versus ~$0.84, adjusted EPS ~$1.18
• Segment profitability: Total Segment EBITDA ~$1.63 billion (up ~15%): Dow Jones ~$663 million, Digital Real Estate ~$741 million, Book Publishing ~$287 million, News Media ~$139 million, Other ~-$203 million
• Cash generation: Operating cash flow ~$1.24 billion (up ~26%), capital expenditure ~$426 million, free cash flow ~$811 million (up ~42%), a free-cash-flow yield near ~5.2% on the current market value
• Balance sheet: ~$2.10 billion cash against ~$1.99 billion of borrowings and ~$8.53 billion of equity, on ~$15.54 billion of total assets; ~$255 million of that cash is held at REA Group and not directly accessible
• Market pricing: ~$28.70 per NWSA share for a market value near ~$15.5 billion across ~360.5 million Class A and ~180.5 million Class B shares; ~28x trailing GAAP EPS, ~24x adjusted EPS, ~23x forward estimates, ~1.7x sales, ~9.5x Total Segment EBITDA; 52-week range ~$22.20 to ~$31.61

Figures are approximate, tied to August 2026 and drawn from the fiscal 2026 10-K and Q4 earnings release, so check live data before acting on any of them. The multiple looks full at first glance and cheaper on a parts basis: 62.0% of REA Group's ~A$23.2 billion market value is roughly ~A$14.4 billion, or about ~US$9.4 billion at ~0.65 US dollars per Australian dollar, which implies the market is assigning something under ~$6.5 billion to Dow Jones, HarperCollins, 80% of Move and the entire newspaper estate combined. Two caveats keep that arithmetic honest: ~$170 million of fiscal 2026 net income belonged to noncontrolling interests (mostly REA minorities and therefore not News Corp's to spend), and the Class A share class has no mechanism to force the discount closed.

Other names that sit close to NWSA: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get NWSA exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so NWSA sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where NWSA fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

News Corp in 2026 is three compounding businesses (professional information, digital real estate and book publishing) carrying a shrinking newspaper estate, priced at a visible conglomerate discount that the dual-class structure makes structurally hard to close.

Whether NWSA is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is NWSA a buy or a sell?, and where the stock could go from here in the NWSA stock forecast.

For income investors, whether NWSA pays a dividend and how the payout looks is covered in does NWSA pay a dividend? And to weigh NWSA against a peer, read the full side-by-side comparisons: NWSA vs NYT and NWSA vs MCO.