Income StatementBalance SheetCash FlowSegments
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News Corporation Business Segments

Business, geographic, and product segment breakdowns

News Corporation generates $8.8B in annual revenue across 4 key segments: Book Publishing ($2.2B), Digital Real Estate Services ($1.9B), Dow Jones ($2.5B), and News Media ($2.2B). Based on the Q1 2026 filing.

Book Publishing (TTM)$2.2BDigital Real Estate Services (TTM)$1.9BDow Jones (TTM)$2.5BNews Media (TTM)$2.2B
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$14.5B
P/E Ratio12.73
ROE13.55%

Products & Services

Revenue

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Circulation and subscription$745.0M$755.0M$766.0M$782.0M$792.0M$809.0M
Consumer$572.0M$492.0M$462.0M$510.0M$607.0M$530.0M
Real estate$377.0M$318.0M$358.0M$370.0M$401.0M$365.0M
Advertising$385.0M$308.0M$353.0M$317.0M$389.0M$322.0M
Other$159.0M$136.0M$170.0M$165.0M$173.0M$159.0M

Geographic

Total long-lived assets

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Australasia And Other——$781.0M———
Europe——$924.0M———
United States And Canada——$1.4B———

Total Revenues

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Australia$550.0M$550.0M$550.0M———
Domestic Pension Benefits$1.0B$1.0B$1.0B———
UNITED KINGDOM$300.0M$300.0M$300.0M———

Business Segments

D&A

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Dow Jones$38.0M$40.0M$39.0M$40.0M$41.0M$41.0M
Digital Real Estate Services$36.0M$35.0M$39.0M$37.0M$38.0M$39.0M
News Media$25.0M$24.0M$27.0M$24.0M$24.0M$26.0M
Book Publishing$13.0M$14.0M$14.0M$15.0M$14.0M$15.0M
Other$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M

Goodwill

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Book Publishing——$424.0M———
Digital Real Estate Services——$1.6B———
Dow Jones——$2.2B———
News and Information Services Segment——$135.0M———

Goodwill, Acquired During Period

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Book Publishing$4.0M$4.0M$4.0M———
Digital Real Estate Services-$2.0M-$2.0M-$2.0M———
Dow Jones$11.0M$11.0M$11.0M———
News and Information Services Segment$0.0$0.0$0.0———

Goodwill, Foreign Currency Translation, Gain (Loss)

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Book Publishing$500.0K$500.0K$500.0K———
Digital Real Estate Services-$5.3M-$5.3M-$5.3M———
Dow Jones$0.0$0.0$0.0———
News and Information Services Segment$1.0M$1.0M$1.0M———

Number of branded publishing imprints

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Book Publishing120.00120.00120.00120.00120.00120.00

Number of countries

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Book Publishing1500.0%1500.0%1500.0%1500.0%1500.0%1500.0%

Operating Costs and Expenses

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Book Publishing$390.0M$349.0M$346.0M$354.0M$432.0M$366.0M
News Media$288.0M$275.0M$278.0M$296.0M$291.0M$296.0M
Dow Jones$240.0M$234.0M$245.0M$238.0M$237.0M$244.0M
Digital Real Estate Services$45.0M$46.0M$48.0M$53.0M$48.0M$46.0M
Other$0.0$0.0$0.0$0.0$0.0$0.0

Revenue

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Dow Jones$600.0M$575.0M$604.0M$586.0M$648.0M$619.0M
Book Publishing$595.0M$514.0M$494.0M$534.0M$633.0M$555.0M
News Media$570.0M$514.0M$545.0M$545.0M$570.0M$538.0M
Digital Real Estate Services$473.0M$406.0M$466.0M$479.0M$511.0M$473.0M

Selling, General and Administrative Expense

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Digital Real Estate Services$243.0M$236.0M$266.0M$268.0M$257.0M$272.0M
Dow Jones$186.0M$209.0M$208.0M$204.0M$220.0M$228.0M
News Media$208.0M$206.0M$239.0M$219.0M$209.0M$227.0M
Book Publishing$104.0M$101.0M$98.0M$122.0M$102.0M$116.0M
Other$56.0M$63.0M$59.0M$50.0M$45.0M$47.0M

Total Assets

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Dow Jones$4.1B$4.2B$4.1B$4.1B$4.1B$4.1B
Digital Real Estate Services$3.0B$3.0B$3.2B$3.2B$3.4B$3.4B
Book Publishing$2.8B$2.7B$2.8B$2.8B$3.0B$2.8B
News Media$2.0B$2.0B$2.1B$2.0B$2.1B$2.1B
Other$1.7B$1.9B$2.3B$2.2B$1.9B$2.0B

Total Capital expenditures

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Digital Real Estate Services$36.0M$39.0M$40.0M$38.0M$37.0M$39.0M
Dow Jones$22.0M$30.0M$62.0M$15.0M$23.0M$26.0M
News Media$20.0M$21.0M$45.0M$18.0M$30.0M$24.0M
Book Publishing$4.0M$2.0M$7.0M$8.0M$6.0M$7.0M
Other$0.0$0.0$3.0M$2.0M$3.0M$4.0M

Total Goodwill and intangible assets, net

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Dow Jones$3.2B$3.2B$3.3B$3.3B$3.3B$3.3B
Digital Real Estate Services$1.8B$1.8B$1.8B$1.8B$1.9B$1.9B
Book Publishing$881.0M$889.0M$941.0M$924.0M$927.0M$913.0M
News Media$286.0M$292.0M$308.0M$304.0M$308.0M$306.0M

Total segment EBITDA

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Digital Real Estate Services$185.0M$124.0M$152.0M$158.0M$206.0M$155.0M
Dow Jones$174.0M$132.0M$151.0M$144.0M$191.0M$147.0M
Book Publishing$101.0M$64.0M$50.0M$58.0M$99.0M$73.0M
Other-$56.0M-$63.0M-$59.0M-$50.0M-$45.0M-$47.0M
News Media$74.0M$33.0M$28.0M$30.0M$70.0M$15.0M

Company ownership percentage

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Digital Real Estate Services80.0%80.0%80.0%80.0%80.0%80.0%

Ownership interest held by minority interest

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Digital Real Estate Services20.0%20.0%20.0%20.0%20.0%20.0%

Goodwill, impaired, accumulated impairment loss

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
News and Information Services Segment——$3.9B———

Revenue from Contract with Customer, Excluding Assessed Tax

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Other$0.0$0.0$0.0$0.0$0.0$0.0

Total Revenues

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Other$0.0$0.0$0.0$0.0$0.0$0.0