Q2 2026 News Corp Earnings Call Transcript
Key Points
- News Corp (NWS) reported a 6% increase in revenues to $2.4 billion for the quarter, with total segment EBITDA expanding by 9%.
- Dow Jones and Digital Real Estate Services both reported double-digit profit growth, contributing significantly to the company's overall performance.
- The company has enhanced its buyback program, running at four times the pace of the prior year, while maintaining financial flexibility.
- Digital advertising reached a record level of $87 million for the quarter, rising 12%, supported by strong demand from the financial services sector.
- Realtor.com's revenues grew by 10% in the quarter, driven by premium products and a notable improvement in lead volume.
- Net income from continuing operations decreased by 21% from the prior year due to the absence of a favorable $87 million gain from the previous year's REA Group sale.
- News Media segment revenues were flat, and EBITDA fell 5% compared to the prior year, impacted by challenging print advertising market conditions.
- HarperCollins faced a $16 million onetime inventory-related charge, affecting its margins by 260 basis points.
- The housing market remains uncertain, impacting the growth potential of Digital Real Estate Services despite positive performance.
- The company anticipates continued difficult advertising trends in the News Media segment, requiring a focus on driving cost efficiencies.
Welcome to News Corp's Second Quarter Fiscal 2026 Earnings Conference Call. Today's conference is being recorded. Media will be allowed on a listen-only basis. At this time, I'd like to turn the conference over to Michael Florin. Senior Vice President and Head of Investor Relations.
Thank you very much, operator. Hello, everyone, and welcome to News Corp's Fiscal Second Quarter 2026 Earnings Call. We issued our earnings press release about 30 minutes ago, and it's now posted on our website at newscorp.com. On the call today are Robert Thomson, Chief Executive; and Lavanya Chandrashekar, Chief Financial Officer. We'll open some prepared remarks, and I'll be happy to take questions from the investment community.
This call may include certain forward-looking information with respect to News Corp's business and strategy. Actual results could differ materially from what is said. News Corp's Form 10-K and Form 10-Q filings identify risks and uncertainties that could cause actual
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
