News Corp (NWSA) bounced back after an extended post-earnings selloff. The company reported better-than-expected Q4 results with revenue up 5.5% year-over-year to $2.36 billion and non-GAAP earnings per share of $0.40, which exceeded consensus estimates by 6.9%. Q2 earnings also surpassed estimates with revenues rising 6% year-over-year, driven by strength in Dow Jones, Digital Real Estate, and Book Publishing. The company has secured significant AI content licensing deals with Anthropic, OpenAI, and Bloomberg. Analysts maintained mixed ratings: Guggenheim adjusted its price target to $41 from $43 while maintaining a Buy rating, Morgan Stanley kept an Overweight rating with a $32.40 target, and Citigroup set a $39.00 price target. Zacks downgraded the stock to Strong Sell. News Corp declared a $0.10 dividend.
Read full analysisNews Corp (NWSA) bounced back after an extended post-earnings selloff. The company reported better-than-expected Q4 results with revenue up 5.5% year-over-year to $2.36 billion and non-GAAP earnings per share of $0.40, which exceeded consensus estimates by 6.9%. Q2 earnings also surpassed estimates with revenues rising 6% year-over-year, driven by strength in Dow Jones, Digital Real Estate, and Book Publishing. The company has secured significant AI content licensing deals with Anthropic, OpenAI, and Bloomberg. Analysts maintained mixed ratings: Guggenheim adjusted its price target to $41 from $43 while maintaining a Buy rating, Morgan Stanley kept an Overweight rating with a $32.40 target, and Citigroup set a $39.00 price target. Zacks downgraded the stock to Strong Sell. News Corp declared a $0.10 dividend.
News Corporation (NWSA) is a publicly traded company in the Communication Services sector.