News Corporation News Media — Operating Costs and Expenses increased by 1.7% to $296.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.6%, from $275.00M to $296.00M. Over 2 years (FY 2023 to FY 2025), News Media — Operating Costs and Expenses shows a downward trend with a -6.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase relative to revenue suggests margin compression, while a decrease may indicate successful cost-rationalization efforts.
This metric captures the total costs incurred to produce, distribute, and support the news media segment's operations, i...
Similar to operating expense reporting for diversified media and newspaper publishing peers.
nws_segment_news_media_operating_costs_and_expenses| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $326.75M | $326.75M | $326.75M | $326.75M | $316.00M | $316.00M | $316.00M | $316.00M | $301.00M | $288.00M | $275.00M | $278.00M | $296.00M | $291.00M | $296.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -3.3% | +0.0% | +0.0% | +0.0% | -4.7% | -4.3% | -4.5% | +1.1% | +6.5% | -1.7% | +1.7% |
| YoY Change | — | — | — | — | -3.3% | -3.3% | -3.3% | -3.3% | -4.7% | -8.9% | -13.0% | -12.0% | -1.7% | +1.0% | +7.6% |