- News Corp (NWS, NWSA) launches a new $1 billion stock repurchase program to boost shareholder value.
- The new buyback program is in addition to the existing $1 billion initiative, with $303 million remaining.
- Accelerated repurchases are planned post-fiscal 2025 Q4 earnings, reflecting confidence in financial health.
News Corp (Nasdaq: NWS, NWSA) has announced a new $1 billion stock repurchase program, supplementing the existing authorization from September 2021, which still has $303 million remaining. This move signals a strong vote of confidence from the company's board in its stock valuation and future growth prospects.
Subject to market conditions, the company intends to commence accelerated share repurchases after releasing its fiscal 2025 fourth-quarter earnings in early August. These repurchases will include a combination of the company's Class A and Class B common stock.
News Corp has seen significant transformation and financial success, recording its four most profitable years between fiscal 2021 and 2024. The company's strategic investments in high-growth areas such as Dow Jones, Digital Real Estate Services, and Book Publishing, alongside its focus on digital revenues and content licensing, have been pivotal in its sustained performance.
CEO Robert Thomson stated, "We believe our stock is trading at a significant discount to its intrinsic value, and the expansion of our buyback program will enhance value for all shareholders." He emphasized the company's robust balance sheet and transformed cash flow as key drivers of its growth potential.
