News Corp reported that digital revenue reached 61% of total revenue in fiscal 2026, up from roughly 20% at the time of its 2012–2013 spin-off, and that recurring revenue similarly accounts for 61% of the top line. Free cash flow rose 40% on revenue growth of 7%, while share buybacks accelerated to $643 million — roughly matching the combined total of the prior four years, compared with $150 million in fiscal 2025.
At Citi’s Global TMT Conference on September 8, 2026, Chief Financial Officer Lavanya Chandrashekar said the company is on track for 15% EBITDA growth in fiscal 2026, following 14% growth in each of the two preceding years. News Corp has three stated core growth engines: Dow Jones B2B, digital real estate through REA Group and Realtor.com, and HarperCollins Publishers.
Dow Jones, which held its own investor day in March 2026, is targeting $1 billion in EBITDA by 2030, up from approximately $660 million in fiscal 2026. The company also outlined total addressable markets for its B2B segments — a $3.7 billion risk and compliance market growing at 11% to 13% annually, and an $8 billion energy market growing at 8% to 10%. Dow Jones has built more than 150 exchange-traded benchmarks into commodity contracts in the energy space.
Realtor.com’s fourth-quarter visit share reached 33%, up from 31% in the third quarter and 29% in the second, making the platform roughly seven times larger than homes.com and three times larger than Redfin by traffic. Adjacency revenue from rentals, new homes, and seller services accounts for 21% to 22% of Realtor.com revenue. Revenue per house sold was 20% higher in fiscal 2026 than at the 2022 housing-market peak, even as annual home sales remain around 4 million units versus a long-term historical average of about 5 million.
News Corp also discussed its AI licensing strategy, describing it as “woo and sue” — pursuing commercial deals while litigating to protect intellectual property. The company has signed licensing agreements with OpenAI, Meta, Bloomberg and approximately 20 other partners. AI-driven products include Hamilton-powered features on The New York Post and RealAssist / REALPRO Plus visualization tools on Realtor.com.
In publishing, HarperCollins said most revenue comes from backlist titles, with printed-book sales in the U.S. growing faster than the population. E-books and audiobooks are expanding, and AI is expected to assist with translations and text-to-voice features. The Wall Street Journal raised its full subscription price to $44.99 from $39.99.
The company completed divestitures of Foxtel, REA India and moving.com during fiscal 2026.
