Upside case
Bull case
$17-33.0%
The bull case prices NWSA at 16x on FY1 earnings, assuming continued execution and no meaningful deceleration in the core business.
Analysis OverviewBuyUpdated Jun 18, 2026
News Corporation (NWSA) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
28
analysts
22 bullish · 1 bearish · 28 covering NWSA
Strong Buy
0
Buy
22
Hold
5
Sell
1
Strong Sell
0
Consensus Target
$32
+25.4% vs today
Scenario Range
$8 – $17
Model bear to bull value window
Coverage
28
Published analyst ratings
Valuation Context
23.9x
Forward P/E · Market cap $14.2B
NWSA price targets
Three scenarios for where NWSA stock could go
Current
~$25
Confidence
48 / 100
Updated
Jun 18, 2026
Where we are now
Current · $25
Bear
$8
Base
$13
Bull
$17
Market caseClosest to today
Base case
$13-49.2%
At 12x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$8-68.0%
If investor confidence fades or macro conditions deteriorate, a 16x multiple contraction could push NWSA down roughly 68% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
News Corporation
NWSA · NASDAQCommunication ServicesEntertainmentJune year-end
News Corporation is a global media and information services company that creates and distributes authoritative content across newspapers, digital platforms, books, and video services. It generates revenue primarily through digital real estate services (~30% of revenue), subscription video services (~25%), Dow Jones business information (~15%), book publishing (~15%), and news media advertising and subscriptions. The company's competitive advantage lies in its portfolio of iconic media brands—including The Wall Street Journal, The Times, and HarperCollins—which create a diversified content ecosystem with strong subscriber loyalty.
Market Cap
$14.2B
Revenue TTM
$9.0B
Net Income TTM
$1.1B
Net Margin
11.8%
NWSA Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
83%Exceptional
12 quarters tracked
Revenue Beat Rate
50%Exceptional
vs consensus estimates
Avg EPS Surprise
+22.5%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$0.19/$0.19
Revenue
$2.1B/$2.1B
Q4 2025
EPS
$0.22/$0.18
Revenue
$2.1B/$2.3B
Q1 2026
EPS
$0.40/$0.33
Revenue
$2.4B/$2.3B
Q2 2026
EPS
$0.21/$0.16
Revenue
$2.2B/$2.1B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.19/$0.19 | +0.0% | $2.1B/$2.1B | -0.6% |
| Q4 2025 | $0.22/$0.18 | +22.2% | $2.1B/$2.3B | -6.4% |
| Q1 2026 | $0.40/$0.33 | +21.2% | $2.4B/$2.3B | +2.6% |
| Q2 2026 | $0.21/$0.16 | +31.3% | $2.2B/$2.1B | +3.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$8.9B
-1.2% YoY
FY2
$9.0B
+1.3% YoY
EPS Outlook
FY1
$1.28
-32.6% YoY
FY2
$1.04
-18.9% YoY
Trailing FCF (TTM)$566M
FCF Margin: 6.3%
Next Earnings
August 4, 2026
Expected EPS
$0.21
Expected Revenue
$2.2B
NWSA beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
NWSA Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $8.5B
Product Mix
Latest annual revenue by segment or product family
Dow Jones Segment
27.6%
+4.5% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
United States And Canada
48.8%
+2.8% YoY
Tap, hover, or focus a slice to inspect segment detail.
Dow Jones Segment is the largest disclosed segment at 27.6% of FY 2025 revenue, up 4.5% YoY.
United States And Canada is the largest reported region at 48.8%, up 2.8% YoY.
NWSA Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Cheap versus peers
Fair value est. $43 — implies +69.7% from today's price.
Upside to Fair Value
69.7%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
NWSA
12.2x
vs
S&P 500
24.4x
50% discount
vs Communication Services Trailing P/E
NWSA
12.2x
vs
Communication Services
15.3x
20% discount
vs NWSA 5Y Avg P/E
Today
12.2x
vs
5Y Average
42.0x
71% discount
Forward PE
23.9x
S&P 500
18.8x
+27%
Communication Services
11.3x
+111%
5Y Avg
—
—
Trailing PE
12.2x
S&P 500
24.4x
-50%
Communication Services
15.3x
-20%
5Y Avg
42.0x
-71%
PEG Ratio
—
S&P 500
1.66x
—
Communication Services
0.64x
—
5Y Avg
—
—
EV/EBITDA
10.4x
S&P 500
15.2x
-32%
Communication Services
9.6x
+8%
5Y Avg
11.9x
-12%
Price/FCF
19.5x
S&P 500
20.7x
-6%
Communication Services
11.4x
+71%
5Y Avg
19.5x
+0%
Price/Sales
1.7x
S&P 500
3.1x
-46%
Communication Services
1.0x
+65%
5Y Avg
1.6x
+7%
Dividend Yield
1.28%
S&P 500
1.91%
-33%
Communication Services
3.43%
-63%
5Y Avg
1.34%
-4%
| Metric | NWSA | S&P 500 | Communication Services | 5Y Avg NWSA |
|---|---|---|---|---|
| Forward PE | 23.9x | 18.8x+27% | 11.3x+111% | — |
| Trailing PE | 12.2x | 24.4x-50% | 15.3x-20% | 42.0x-71% |
| PEG Ratio | — | 1.66x | 0.64x | — |
| EV/EBITDA | 10.4x | 15.2x-32% | 9.6x | 11.9x-12% |
| Price/FCF | 19.5x | 20.7x | 11.4x+71% | 19.5x |
| Price/Sales | 1.7x | 3.1x-46% | 1.0x+65% | 1.6x |
| Dividend Yield | 1.28% | 1.91% | 3.43% | 1.34% |
NWSA trades above S&P 500 benchmarks on 1 of 5 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolNWSA Financial Health
Verdict
Strong
NWSA returns 2.3% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$9.0B
Revenue Growth
TTM vs prior year
+1.2%
Gross Margin
Gross profit as a share of revenue
73.9%
Operating Margin
Operating income divided by revenue
12.4%
Net Margin
Net income divided by revenue
11.8%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$1.90
Free Cash Flow (TTM)
Cash generation after capex
$566M
FCF Margin
FCF as share of revenue — the primary cash quality signal
6.3%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
6.8%
ROA
Return on assets, trailing twelve months
6.9%
Cash & Equivalents
Liquid assets on the balance sheet
$2.4B
Net Debt
Total debt minus cash
$537M
Debt Serviceability
Net debt as a multiple of annual free cash flow
0.9× FCF
~0.9 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
11.4%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
2.3%
Dividend
1.3%
Buyback
1.1%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$150M
Dividend / Share
Annualized trailing dividend per share
$0.32
Payout Ratio
Share of earnings distributed as dividends
15.7%
Shares Outstanding
Declining as buybacks retire shares
561M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageNWSA Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Economic Recession Impact
A bear case scenario involves a recession hitting advertising and real estate, potentially causing revenue to decline by 1-2%.
Medium
Digital Transformation Risk
NWSA's long-term growth depends on its ability to successfully complete its digital transformation, which remains uncertain.
Medium
Earnings Volatility
NWSA's earnings surprise history is mixed, with beats and misses in recent quarters, indicating potential volatility.
Lower
Advertising Market Sensitivity
The company's revenue is sensitive to advertising market fluctuations, which could be impacted by economic conditions.
Lower
Real Estate Exposure
NWSA has exposure to the real estate market, which could face downturns affecting its overall revenue.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why NWSA Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Strong economic rebound
A bull case involves a strong economic rebound boosting advertising sales, which could push revenue growth to 3-4%.
Hot housing market
A favorable housing market could drive revenue growth for News Corporation, particularly in its real estate segments.
Digital transformation potential
Over the long term, NWSA's growth will be determined by its ability to successfully complete its digital transformation.
Comprehensive news coverage
News Corporation's extensive and up-to-date news coverage from global sources positions it well in the competitive media landscape.
Smart money sentiment
Positive smart-money sentiment and analyst positioning indicate confidence in NWSA's financial health and future performance.
Valuation upside
Analyst price target predictions and detailed revenue estimates suggest potential upside for NWSA stock.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
NWSA Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$25.28
52W Range Position
33%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$22.20
+13.9% from the low
52-Week High
$31.61
-20.0% from the high
1 Month
-3.77%
3 Month
+4.90%
YTD
-3.5%
1 Year
-9.9%
3Y CAGR
+9.8%
5Y CAGR
+0.1%
10Y CAGR
+8.3%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
NWSA vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
23.9x
vs 25.5x median
-6% below peer median
Revenue Growth
-1.2%
vs +2.6% median
-145% below peer median
Net Margin
11.8%
vs -3.0% median
+490% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
NWS NWSA News Corporation | $14.2B | 23.9x | -1.2% | 11.8% | Buy | +25.4% |
NYT NYT The New York Times Company | $11.8B | 25.5x | +6.1% | 13.2% | Hold | +11.1% |
GCI GCI Gannett Co., Inc. | $877M | 51.0x | +1.6% | 4.1% | Hold | -6.9% |
THS THS TreeHouse Foods, Inc. | $1.5B | 12.8x | +2.6% | -7.2% | Hold | +26.1% |
LEE LEE Lee Enterprises, Incorporated | $57M | — | -9.9% | -3.0% | — | — |
WBD WBD Warner Bros. Discovery, Inc. | $65.7B | — | +5.6% | -5.8% | Hold | +17.6% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
NWSA Dividend and Capital Return
NWSA returns 2.3% total yield, led by a 1.28% dividend. Buybacks add another 1.1%.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
2.3%
Dividend + buyback return per year
Buyback Yield
1.1%
Dividend Yield
1.28%
Payout Ratio
15.7%
How NWSA Splits Its Return
Div 1.28%
Buyback 1.1%
Dividend 1.28%Buybacks 1.1%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.32
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
0.0%
5Y Div CAGR
0.0%
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
2 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$150M
Estimated Shares Retired
6M
Approx. Share Reduction
1.1%
Shares Outstanding
Current diluted share count from the screening snapshot
561M
At 1.1%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.10 | — | — | — |
| 2025 | $0.20 | 0.0% | 0.9% | 2.0% |
| 2024 | $0.20 | 0.0% | 0.7% | 1.8% |
| 2023 | $0.20 | 0.0% | 2.2% | 3.7% |
| 2022 | $0.20 | 0.0% | 1.9% | 3.8% |
FAQ
7 questionsNWSA Investor Questions
Common questions answered from live analyst data and company financials.
01Is News Corporation (NWSA) stock a buy or sell in 2026?
News Corporation (NWSA) is rated Buy by Wall Street analysts as of 2026. Of 28 analysts covering the stock, 22 rate it Buy or Strong Buy, 5 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $32, implying +25.4% from the current price of $25. The bear case scenario is $8 and the bull case is $17.
02What is the NWSA stock price target for 2026?
The Wall Street consensus price target for NWSA is $32 based on 28 analyst estimates. The high-end target is $34 (+34.5% from today), and the low-end target is $29 (+16.3%). The base case model target is $13.
03Is News Corporation (NWSA) stock overvalued in 2026?
NWSA trades at 23.9x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals cheap versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for News Corporation (NWSA) stock in 2026?
The primary risks for NWSA in 2026 are: (1) Economic Recession Impact — A bear case scenario involves a recession hitting advertising and real estate, potentially causing revenue to decline by 1-2%. (2) Digital Transformation Risk — NWSA's long-term growth depends on its ability to successfully complete its digital transformation, which remains uncertain. (3) Earnings Volatility — NWSA's earnings surprise history is mixed, with beats and misses in recent quarters, indicating potential volatility. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is News Corporation's revenue and earnings forecast?
Analyst consensus estimates NWSA will report consensus revenue of $8.9B (-1.2% year-over-year) and EPS of $1.28 (-32.6% year-over-year) for the upcoming fiscal year. The following year, analysts project $9.0B in revenue.
06When does News Corporation (NWSA) report its next earnings?
News Corporation is expected to report its next earnings on approximately 2026-08-04. Consensus expects EPS of $0.21 and revenue of $2.2B. Over recent quarters, NWSA has beaten EPS estimates 83% of the time.
07How much free cash flow does News Corporation generate?
News Corporation (NWSA) generated $566M in free cash flow over the trailing twelve months — a free cash flow margin of 6.3%. NWSA returns capital to shareholders through dividends (1.3% yield) and share repurchases ($150M TTM).