News Corp Reports Strong Q1 FY2027 Earnings: Total Segment EBITDA Jumps 19%

Financial Performance Overview

News Corporation filed an 8-K disclosing its financial results for the first quarter of fiscal 2027 ended September 30, 2026:

• Consolidated Revenues: Reached $2.28 billion, up 6% year-over-year from $2.14 billion. Adjusted revenues rose 4%.
• Net Income: Totaled $215 million, a 43% increase compared to $150 million in Q1 FY2026.
• Total Segment EBITDA: Rose 19% to $403 million from $340 million in the prior year (Adjusted Segment EBITDA up 13%).
• Diluted EPS: Reported EPS of $0.29 compared to $0.20 last year; Adjusted EPS was $0.28 compared to $0.22.

Segment Highlights

• Dow Jones: Revenues grew 8% to $630 million, with Segment EBITDA up 11% to $160 million. Digital subscriptions to Dow Jones news products expanded 10% to nearly 6.5 million, with The Wall Street Journal reaching 5.0 million total subscriptions.
• Digital Real Estate Services: Revenue increased 10% to $529 million, driven by a 13% expansion at REA Group ($369 million) and 5% growth at Move ($160 million). Segment EBITDA expanded 34% to $212 million.
• Book Publishing: Revenues increased 9% to $582 million with Segment EBITDA up 29% to $75 million, supported by audiobook and backlist demand.
• News Media: Revenue declined 1% to $540 million, with Segment EBITDA falling 40% to $18 million due to weaker print advertising.