News Corp's Class B shares climbed to a 52-week high of $35.32 on Wednesday, extending gains that have pushed the stock slightly above its fair value estimate.
The company's latest financial performance underscored the rally, with fourth-quarter fiscal 2026 revenue reaching $2.3 billion, surpassing Wall Street's consensus forecast of $2.23 billion. Diluted earnings per share totaled $0.33, while adjusted earnings came in at $0.35 per share.
Total segment earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 31% year-over-year to $423 million, contributing to an 11% increase in revenue for the period. The company's fiscal 2026 results marked a record year, with revenue growth and profitability exceeding prior-year performance.
Over the past six months, News Corp's stock has gained 31%, while year-to-date returns stand at 19%. The one-year change in share price is 3.49%, according to market data. The stock's recent strength places it near its annual peak and on InvestingPro's watchlist for potential overvaluation, though it remains a top performer among U.S. media equities.
