Business Segments · Operating Costs and Expenses
News Media — Operating Costs and Expenses
News Corporation News Media — Operating Costs and Expenses increased by 1.7% to $296M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.6%, from $275M to $296M. 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.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2023
Last reportedQ3 2026May 8, 2026
Rolls up toTotal Operating Expenses
How to read this metric
An increase relative to revenue suggests margin compression, while a decrease may indicate successful cost-rationalization efforts.
Detailed definition
This metric captures the total costs incurred to produce, distribute, and support the news media segment's operations, i...
Peer comparison
Similar to operating expense reporting for diversified media and newspaper publishing peers.
Metric ID:
nws_segment_news_media_operating_costs_and_expensesHistorical Data
15 periods
| 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 | $316M | $316M | $316M | $316M | $301M | $288M | $275M | $278M | $296M | $291M | $296M |
| 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% |
Range$275M – $326.75M
CAGR-2.8%
Avg YoY Growth-4.1%
Median YoY Growth-3.3%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is News Corporation's news media — operating costs and expenses?
- News Corporation (NWSA) reported news media — operating costs and expenses of $296M in Q1 2026.
- How has News Corporation's news media — operating costs and expenses changed year-over-year?
- News Corporation's news media — operating costs and expenses increased by 7.6% year-over-year, from $275M to $296M.
- What is the long-term trend for News Corporation's news media — operating costs and expenses?
- Over 2 years (2023 to 2025), News Corporation's news media — operating costs and expenses has grown at a -6.5% compound annual growth rate (CAGR), from $1.31B to $1.14B.
- What does news media — operating costs and expenses mean?
- The total operating expenses required to run the news and publishing business.