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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$16.4B
P/E Ratio14.44
ROE13.55%

Products & Services

Revenue

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Circulation and subscription$745M$755M$766M$782M$792M$809M
Consumer$572M$492M$462M$510M$607M$530M
Real estate$377M$318M$358M$370M$401M$365M
Advertising$385M$308M$353M$317M$389M$322M
Other$159M$136M$170M$165M$173M$159M

Geographic

Total long-lived assets

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Australasia And Other——$781M———
Europe——$924M———
United States And Canada——$1.4B———

Total Revenues

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Australia$550M$550M$550M———
Domestic Pension Benefits$1B$1B$1B———
UNITED KINGDOM$300M$300M$300M———

Business Segments

D&A

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Dow Jones$38M$40M$39M$40M$41M$41M
Digital Real Estate Services$36M$35M$39M$37M$38M$39M
News Media$25M$24M$27M$24M$24M$26M
Book Publishing$13M$14M$14M$15M$14M$15M
Other$1M$1M$1M$1M$1M$1M

Goodwill

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Book Publishing——$424M———
Digital Real Estate Services——$1.6B———
Dow Jones——$2.2B———
News and Information Services Segment——$135M———

Goodwill, Acquired During Period

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Book Publishing$4M$4M$4M———
Digital Real Estate Services-$2M-$2M-$2M———
Dow Jones$11M$11M$11M———
News and Information Services Segment$0$0$0———

Goodwill, Foreign Currency Translation, Gain (Loss)

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Book Publishing$500K$500K$500K———
Digital Real Estate Services-$5.3M-$5.3M-$5.3M———
Dow Jones$0$0$0———
News and Information Services Segment$1M$1M$1M———

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$390M$349M$346M$354M$432M$366M
News Media$288M$275M$278M$296M$291M$296M
Dow Jones$240M$234M$245M$238M$237M$244M
Digital Real Estate Services$45M$46M$48M$53M$48M$46M
Other$0$0$0$0$0$0

Revenue

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Dow Jones$600M$575M$604M$586M$648M$619M
Book Publishing$595M$514M$494M$534M$633M$555M
News Media$570M$514M$545M$545M$570M$538M
Digital Real Estate Services$473M$406M$466M$479M$511M$473M

Selling, General and Administrative Expense

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Digital Real Estate Services$243M$236M$266M$268M$257M$272M
Dow Jones$186M$209M$208M$204M$220M$228M
News Media$208M$206M$239M$219M$209M$227M
Book Publishing$104M$101M$98M$122M$102M$116M
Other$56M$63M$59M$50M$45M$47M

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$3B$3B$3.2B$3.2B$3.4B$3.4B
Book Publishing$2.8B$2.7B$2.8B$2.8B$3B$2.8B
News Media$2B$2B$2.1B$2B$2.1B$2.1B
Other$1.7B$1.9B$2.3B$2.2B$1.9B$2B

Total Capital expenditures

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Digital Real Estate Services$36M$39M$40M$38M$37M$39M
Dow Jones$22M$30M$62M$15M$23M$26M
News Media$20M$21M$45M$18M$30M$24M
Book Publishing$4M$2M$7M$8M$6M$7M
Other$0$0$3M$2M$3M$4M

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$881M$889M$941M$924M$927M$913M
News Media$286M$292M$308M$304M$308M$306M

Total segment EBITDA

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Digital Real Estate Services$185M$124M$152M$158M$206M$155M
Dow Jones$174M$132M$151M$144M$191M$147M
Book Publishing$101M$64M$50M$58M$99M$73M
Other-$56M-$63M-$59M-$50M-$45M-$47M
News Media$74M$33M$28M$30M$70M$15M

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

Total Revenues

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Other$0$0$0$0$0$0