News Corp posts report profitability, 11% soar in This fall income
News Corp, the parent company of The New York Post, posted its highest profitability on report on Wednesday, pushed by growth in its Dow Jones, digital real estate and ebook publishing divisions.
The New York-based media big said its fourth-quarter income grew 11% to $2.34 billion, beating analyst expectations.
News Corp noticed $230 million from persevering with operations, or 33 cents a share — a whopping 167% increase in comparison with $86 million in the prior yr.
Adjusted earnings per share totaled 35 cents. Analysts polled by FactSet had anticipated 24 cents a share.
News Corp beat Wall Street’s fourth-quarter expectations, due partly to strength in its digital real estate, ebook publishing and Dow Jones models. LP Media
“We concluded Fiscal 2026 with an exceptional fourth quarter performance,” News Corp CEO Robert Thomson said in a assertion.
“Our record performance is a product of sustained focus on, and reinvestment in, News Corp’s core growth engines and our transformation to a digital-first company underpinned by insightful and trusted content,” he added.
During the quarter, News Corp’s financial outcomes had been powered by a 7% soar in income to $644 million at its Dow Jones unit, which publishes The Wall Street Journal and MarketWatch.
The firm noticed a 19% increase at its real estate division to $553 million and a 15% soar in ebook publishing income to $566 million.
News Corp CEO Robert Thomson touted the company’s artificial intelligence partnerships with Meta and OpenAI. Bloomberg through Getty Images
Thomson — who beforehand ripped AI companies for failing to pay enough for content — touted News Corp’s artificial intelligence partnerships.
“Much of the world is being reshaped by artificial intelligence, but artificial intelligence itself is only as useful and only as trustworthy as the quality of its inputs,” he said.
“We believe that makes News Corp an absolutely critical participant in the emerging AI ecosystem. Without our journalists, our authors, our data, our brands and our professional expertise, users would be drowning in a slimy sea of AI slop.”
He cited the company’s content relationships with OpenAI and Meta, noting that News Corp is prematurely discussions with a number of other corporations, before issuing a stern warning.
“However, under our woo and sue approach, we are taking aggressive action against those who pilfer and profit from our work,” the exec said. “We will pursue those pilferers, and companies that are clients of these crass kleptomaniacs should know they are patently in possession of stolen goods.”
For fiscal 2026, web income from persevering with operations grew 15% to $743 million. Adjusted diluted earnings per share totaled $1.18. Annual income ticked up 7% to $9.03 billion.
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