Revenue: As of FY2026 Q2, the actual value is USD 2.362 B, beating the estimate of USD 2.3 B.EPS: As of FY2026 Q2, the actual value is USD 0.34, missing the estimate of USD 0.344.EBIT: As of FY2026 Q2, the actual value is USD 358 M.<h4>Overall Financial Highlights (Fiscal 2026 Second Quarter vs Fiscal 2025 Second Quarter)</h4><ul><li>Total revenues were $2.36 billion, a 6% increase compared to $2.24 billion in the prior year.</li><li>Net income from continuing operations was $242 million, a 21% decrease compared to $306 million in the prior year, which benefited from an $87 million favorable gain on REA Group’s sale of PropertyGuru in the prior year.</li><li>Total Segment EBITDA increased 9% to $521 million compared to $478 million in the prior year. Results include a $16 million one-time write-off primarily related to inventory at HarperCollins’ international operations.</li></ul><h4>Dow Jones Segment (Fiscal 2026 Second Quarter vs Fiscal 2025 Second Quarter)</h4><ul><li>Revenues increased 8% to $648 million compared to $600 million in the prior year.</li><li>Segment EBITDA increased 10% to $191 million compared to $174 million in the prior year.</li><li>Risk &amp; Compliance revenues grew 20% to $96 million.</li><li>Dow Jones Energy revenues grew 10% to $75 million.</li><li>Advertising revenues increased 10% ($12 million), driven by a 12% increase in digital advertising revenues and a 7% increase in print advertising revenues.</li><li>Digital revenues represented 82% of total revenues, up from 81% in the prior year.</li><li>Digital circulation revenues accounted for 76% of circulation revenues, compared to 73% in the prior year.</li><li>Total average subscriptions to consumer products exceeded 6.5 million, a 10% increase year-over-year.</li><li>Digital-only subscriptions to consumer products grew 12% to over 6.0 million.</li><li>Total subscriptions to The Wall Street Journal grew 11% to almost 4.7 million.</li><li>Digital-only subscriptions to The Wall Street Journal grew 13% to nearly 4.3 million, representing 92% of total Wall Street Journal subscriptions.</li></ul><h4>Digital Real Estate Services Segment (Fiscal 2026 Second Quarter vs Fiscal 2025 Second Quarter)</h4><ul><li>Revenues increased 8% to $511 million compared to $473 million in the prior year.</li><li>Segment EBITDA increased 11% to $206 million compared to $185 million in the prior year.</li><li>REA Group revenues increased 7% to $368 million, driven by higher Australian residential revenues and financial services revenues.</li><li>Australian national residential buy listing volumes were down 3%, despite increases in Sydney (7%) and Melbourne (4%).</li><li>Move (operator of Realtor.com®) revenues increased 10% to $143 million.</li><li>Average monthly unique users of Realtor.com®’s web and mobile sites were 62 million, a 1% increase.</li><li>Lead volume was up 13% year-over-year.</li></ul><h4>Book Publishing Segment (Fiscal 2026 Second Quarter vs Fiscal 2025 Second Quarter)</h4><ul><li>Revenues grew 6% to a quarterly record of $633 million, compared to $595 million in the prior year, driven by recent acquisitions ($15 million impact), higher Christian Publishing, and strong frontlist titles.</li><li>Segment EBITDA decreased 2% to $99 million compared to $101 million in the prior year, due to higher costs from sales volume and a $16 million one-time inventory write-off, partly offset by higher revenues.</li><li>Digital sales increased 2% and represented 20% of Consumer revenues, compared to 21% in the prior year.</li><li>Backlist sales represented approximately 59% of Consumer revenues, compared to 61% in the prior year.</li></ul><h4>News Media Segment (Fiscal 2026 Second Quarter vs Fiscal 2025 Second Quarter)</h4><ul><li>Revenues were flat at $570 million compared to the prior year.</li><li>Circulation and subscription revenues increased 4% ($11 million), benefiting from increased cover prices, subscription pricing in the U.K. and Australia, and digital subscriber growth.</li><li>Advertising revenues decreased 6% (-$13 million), primarily due to lower print advertising revenues.</li><li>Segment EBITDA decreased 5% to $70 million compared to $74 million in the prior year.</li><li>Digital revenues represented 43% of News Media segment revenues, up from 39% in the prior year, and 41% of combined newspaper masthead revenues.</li><li>Closing digital subscribers at News Corp Australia were 1,168,000 (999,000 for news mastheads), compared to 1,126,000 (979,000 for news mastheads) in the prior year.</li><li>The Times and Sunday Times closing digital subscribers were 659,000, compared to 616,000 in the prior year.</li><li>The Sun’s digital offering reached 70 million global monthly unique users.</li><li>New York Post’s digital network reached 85 million unique users, compared to 90 million in the prior year.</li></ul><h4>Cash Flow (Six Months Ended December 31, 2025 vs 2024)</h4><ul><li>Net cash provided by operating activities from continuing operations was $316 million, an increase of $38 million from $278 million in the prior year.</li><li>Capital expenditures were $180 million, compared to $157 million in the prior year.</li><li>Free cash flow was $136 million, up from $121 million in the prior year.</li></ul><h4>Outlook / Guidance</h4>News Corporation anticipates favorable signs for the second half of its fiscal year, with revenue and profitability growth accelerating from the prior quarter. The company believes prospects for the third quarter are auspicious, driven by the current trajectory of its core drivers like Dow Jones and Digital Real Estate Services. News Corporation is also expanding its partnership with Bloomberg to include AI rights for its unique Dow Jones content and is progressing with other negotiations.

News | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 2.362 B