News Corporation reported second quarter fiscal 2026 results with revenues increasing 6 percent to $2.4 billion, driven by strength in Dow Jones, Digital Real Estate, and Book Publishing segments. The company beat earnings estimates. However, net income declined 21 percent during the period. Following the earnings announcement, Morgan Stanley lowered its price target to $32.40 from $38 while maintaining an Overweight rating, stating there was no change to its fundamental positive thesis. UBS reiterated a Buy rating with a price target of A$64.40. News Corp declared a US$0.10 interim dividend per Class B share and announced a US$1 billion share repurchase program targeting Nasdaq-listed shares. The stock experienced a post-earnings selloff followed by a modest bounce as analysts maintained bullish ratings despite the net income decline.
Read full analysisNews Corporation reported second quarter fiscal 2026 results with revenues increasing 6 percent to $2.4 billion, driven by strength in Dow Jones, Digital Real Estate, and Book Publishing segments. The company beat earnings estimates. However, net income declined 21 percent during the period. Following the earnings announcement, Morgan Stanley lowered its price target to $32.40 from $38 while maintaining an Overweight rating, stating there was no change to its fundamental positive thesis. UBS reiterated a Buy rating with a price target of A$64.40. News Corp declared a US$0.10 interim dividend per Class B share and announced a US$1 billion share repurchase program targeting Nasdaq-listed shares. The stock experienced a post-earnings selloff followed by a modest bounce as analysts maintained bullish ratings despite the net income decline.
News Corporation Class B Common Stock (NWS) is a publicly traded company in the Communication Services sector.