Recent News
On June 11, 2026 the company filed a Form 8‑K disclosing activity under its previously authorized $1.0 billion stock repurchase program. Coverage in June–July 2026 highlights continued AI licensing momentum—ongoing partnerships with major AI platforms and management statements that News Corp expects to receive proceeds from the $1.5 billion Anthropic settlement later in calendar 2026. Reporting also notes active discussions with additional AI partners to monetize archival and current editorial content.
Technical Analysis
ADX at 27.86 indicates a strong underlying trend in place; that strength increases the relevance of near-term directional signals relative to sideways noise.
DI+ sits at 34.56 with a peak-and-reversal pattern, which signals renewed selling pressure; DI- at 18.17 continues decreasing, which indicates negative directional pressure has eased — together these directional indicators imply a shift in participation even as trend strength remains notable.
MACD at 0.53 has just crossed above the 0.52 signal line and shows a dip-and-reversal pattern, which signals bullish momentum and raises the probability of continued upside in the short run.
MRO equals 2.95 and is positive, signifying the market price trades modestly above the model target; the small magnitude suggests limited immediate downside pressure rather than a large overextension.
RSI at 57.83 with a dip-and-reversal indicates regained buying momentum without reaching overbought levels, compatible with further measured gains rather than an exhaustion move.
Price sits above the 12‑day EMA (price12dayEMA trend increasing) and above the 20‑, 50‑ and 200‑day averages, confirming short‑ to long‑term mean orientation to the upside; Bollinger upper bands near $29.28–$29.81 define a narrow volatility envelope given a 20‑day stdev of $0.52.
Ichimoku components place the current price above Senkou A/B and Tenkan/Kijun relationships show short‑term support near the 12‑day EMA; the superTrend lower support at $27.87 provides a nearby structural reference for price basing in the event momentum fades.
Fundamental Analysis
Profitability: EBIT equals $295.0M and the EBIT margin registers 12.623%, up 24.807% quarter‑over‑quarter and up 31.792% year‑over‑year. The EBIT margin sits below the industry peer mean of 14.84% and median of 14.692% but inside the industry peer range. Operating margin mirrors EBIT margin at 12.623%, slightly above the industry peer mean of 12.517%, indicating operating efficiency largely in line with peers.
Growth: Total revenue equals $2,337.0M with revenue growth 39.755% year‑over‑year and revenue growth QoQ of -192.834% (per supplied figures). Earnings growth shows a year‑over‑year change of 1,099.91% and QoQ movement of -240.352%; reported EPS of $0.35 beat the $0.23 estimate by $0.12, an EPS surprise of 52.174%.
Balance sheet & cash flow: Cash and short‑term investments total $2,095.0M; free cash flow equals $282.0M and free cash flow yield registers 1.941%, above the industry peer mean free cash flow yield. Current ratio equals 1.623 and quick ratio equals 1.514, reflecting positive near‑term liquidity. Total debt equals $2,915.0M with debt/EBITDA at 6.891 and interest coverage at 98.33, indicating ample ability to service interest despite leverage versus cash flows.
Valuation: Trailing PE equals 76.42 and enterprise multiple equals 36.28; forward PE sits near 68.76 with forward EPS around $0.375. Book value per share equals $15.70 and the P/B ratio equals 1.704, above the industry peer mean of 1.532 but below the industry peer median of 1.892. WMDST values the stock as over‑valued, consistent with elevated multiples (high PE and enterprise multiple) relative to cash returns and modest free cash flow yield.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-08-05 |
| NEXT REPORT DATE: | 2026-11-04 |
| CASH FLOW | Begin Period Cash Flow | $ 2.2 B |
| Operating Cash Flow | $ 428.0 M | |
| Capital Expenditures | $ -146.00 M | |
| Change In Working Capital | $ 83.0 M | |
| Dividends Paid | $ -55.00 M | |
| Cash Flow Delta | $ -76.00 M | |
| End Period Cash Flow | $ 2.1 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.3 B | |
| Forward Revenue | $ 664.8 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 128.0 M | |
| Depreciation and Amortization | $ 128.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.0 B | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | $ 423.0 M | |
| EBIT | $ 295.0 M | |
| Operating Income | $ 295.0 M | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | $ 9.0 M | |
| Income Before Tax | $ 278.0 M | |
| Tax Provision | $ 48.0 M | |
| Tax Rate | 17.266 % | |
| Net Income | $ 179.0 M | |
| Net Income From Continuing Operations | $ 230.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.23 | |
| EPS Actual | $ 0.35 | |
| EPS Difference | $ 0.12 | |
| EPS Surprise | 52.174 % | |
| Forward EPS | $ 0.37 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 15.5 B | |
| Intangible Assets | $ 6.4 B | |
| Net Tangible Assets | $ 2.1 B | |
| Total Current Assets | $ 4.5 B | |
| Cash and Short-Term Investments | $ 2.1 B | |
| Cash | $ 2.1 B | |
| Net Receivables | $ 1.8 B | |
| Inventory | $ 302.0 M | |
| Long-Term Investments | $ 143.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 412.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 2.8 B | |
| Net Debt | — | |
| Total Debt | $ 2.9 B | |
| Total Liabilities | $ 6.3 B | |
| EQUITY | ||
| Total Equity | $ 8.5 B | |
| Retained Earnings | $ -312.00 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 15.70 | |
| Shares Outstanding | 543.331 M | |
| Revenue Per-Share | $ 4.30 | |
| VALUATION | Market Capitalization | $ 14.5 B |
| Enterprise Value | $ 15.3 B | |
| Enterprise Multiple | 36.283 | |
| Enterprise Multiple QoQ | -15.088 % | |
| Enterprise Multiple YoY | -31.247 % | |
| Enterprise Multiple IPRWA | high: 57.419 NWSA: 36.283 mean: 22.926 median: 22.562 low: -25.092 |
|
| EV/R | 6.567 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.823 | |
| Asset To Liability | 2.464 | |
| Debt To Capital | 0.255 | |
| Debt To Assets | 0.188 | |
| Debt To Assets QoQ | -0.657 % | |
| Debt To Assets YoY | -1.107 % | |
| Debt To Assets IPRWA | high: 0.834 median: 0.372 mean: 0.368 NWSA: 0.188 low: 0.188 |
|
| Debt To Equity | 0.342 | |
| Debt To Equity QoQ | 0.199 % | |
| Debt To Equity YoY | 2.035 % | |
| Debt To Equity IPRWA | high: 9.354 mean: 0.939 median: 0.862 NWSA: 0.342 low: -8.176 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.704 | |
| Price To Book QoQ | 5.239 % | |
| Price To Book YoY | -9.149 % | |
| Price To Book IPRWA | high: 2.107 median: 1.892 NWSA: 1.704 mean: 1.532 low: -0.936 |
|
| Price To Earnings (P/E) | 76.419 | |
| Price To Earnings QoQ | -36.466 % | |
| Price To Earnings YoY | -49.552 % | |
| Price To Earnings IPRWA | high: 108.202 NWSA: 76.419 mean: 3.772 median: -2.948 low: -34.239 |
|
| PE/G Ratio | 1.146 | |
| Price To Sales (P/S) | 6.216 | |
| Price To Sales QoQ | -2.271 % | |
| Price To Sales YoY | -20.33 % | |
| Price To Sales IPRWA | high: 15.818 NWSA: 6.216 mean: 5.425 median: 5.222 low: 0.265 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 68.76 | |
| Forward PE/G | 1.031 | |
| Forward P/S | 21.86 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 4.813 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.15 | |
| Asset Turnover Ratio QoQ | 6.837 % | |
| Asset Turnover Ratio YoY | 14.46 % | |
| Asset Turnover Ratio IPRWA | high: 0.271 NWSA: 0.15 mean: 0.077 low: 0.062 median: 0.062 |
|
| Receivables Turnover | 1.322 | |
| Receivables Turnover Ratio QoQ | 11.102 % | |
| Receivables Turnover Ratio YoY | -2.794 % | |
| Receivables Turnover Ratio IPRWA | high: 3.778 median: 2.62 mean: 2.478 NWSA: 1.322 low: 0.931 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 69.013 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 69.013 | |
| Cash Conversion Cycle Days QoQ | -9.992 % | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 129.867 NWSA: 69.013 mean: -84.682 low: -110.02 median: -110.02 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.358 | |
| CapEx To Revenue | -0.062 | |
| CapEx To Depreciation | -1.141 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 10.5 B | |
| Net Invested Capital | $ 10.5 B | |
| Invested Capital | $ 10.5 B | |
| Net Tangible Assets | $ 2.1 B | |
| Net Working Capital | $ 1.7 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.759 | |
| Current Ratio | 1.623 | |
| Current Ratio QoQ | -4.636 % | |
| Current Ratio YoY | -12.001 % | |
| Current Ratio IPRWA | high: 3.169 median: 2.399 mean: 2.153 NWSA: 1.623 low: 0.361 |
|
| Quick Ratio | 1.514 | |
| Quick Ratio QoQ | -4.759 % | |
| Quick Ratio YoY | -11.946 % | |
| Quick Ratio IPRWA | high: 2.987 mean: 2.392 median: 2.379 NWSA: 1.514 low: 0.779 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.891 | |
| Cost Of Debt | 0.085 % | |
| Interest Coverage Ratio | 98.333 | |
| Interest Coverage Ratio QoQ | 33.484 % | |
| Interest Coverage Ratio YoY | 46.04 % | |
| Interest Coverage Ratio IPRWA | NWSA: 98.333 high: 28.659 mean: 1.921 median: 1.179 low: -28.352 |
|
| Operating Cash Flow Ratio | 0.129 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.255 | |
| Dividend Payout Ratio | 0.307 | |
| Dividend Rate | $ 0.10 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.18 % | |
| Revenue Growth | 6.957 % | |
| Revenue Growth QoQ | -192.834 % | |
| Revenue Growth YoY | 39.755 % | |
| Revenue Growth IPRWA | high: 17.166 % NWSA: 6.957 % mean: -1.272 % median: -1.541 % low: -5.121 % |
|
| Earnings Growth | 66.667 % | |
| Earnings Growth QoQ | -240.352 % | |
| Earnings Growth YoY | 1099.91 % | |
| Earnings Growth IPRWA | NWSA: 66.667 % high: 66.667 % mean: -116.73 % median: -148.718 % low: -450.0 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | 12.623 % | |
| EBIT Margin QoQ | 24.807 % | |
| EBIT Margin YoY | 31.792 % | |
| EBIT Margin IPRWA | high: 26.486 % mean: 14.84 % median: 14.692 % NWSA: 12.623 % low: -28.139 % |
|
| Return On Sales (ROS) | 12.623 % | |
| Return On Sales QoQ | 24.807 % | |
| Return On Sales YoY | 31.792 % | |
| Return On Sales IPRWA | high: 25.736 % NWSA: 12.623 % mean: 12.517 % median: 11.698 % low: -28.417 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 282.0 M | |
| Free Cash Flow Yield | 1.941 % | |
| Free Cash Flow Yield QoQ | -31.365 % | |
| Free Cash Flow Yield YoY | -355.395 % | |
| Free Cash Flow Yield IPRWA | high: 14.56 % NWSA: 1.941 % mean: 0.935 % median: 0.241 % low: -10.464 % |
|
| Free Cash Growth | -28.244 % | |
| Free Cash Growth QoQ | -115.115 % | |
| Free Cash Growth YoY | -76.8 % | |
| Free Cash Growth IPRWA | high: 125.919 % median: 11.603 % mean: -5.285 % NWSA: -28.244 % low: -298.003 % |
|
| Free Cash To Net Income | 1.575 | |
| Cash Flow Margin | 15.276 % | |
| Cash Flow To Earnings | 1.994 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.153 % | |
| Return On Assets QoQ | 100.871 % | |
| Return On Assets YoY | -75.108 % | |
| Return On Assets IPRWA | high: 3.197 % NWSA: 1.153 % mean: 0.144 % median: -0.215 % low: -7.401 % |
|
| Return On Capital Employed (ROCE) | 2.308 % | |
| Return On Equity (ROE) | 0.021 | |
| Return On Equity QoQ | 102.411 % | |
| Return On Equity YoY | -75.213 % | |
| Return On Equity IPRWA | high: 0.076 NWSA: 0.021 mean: 0.004 median: -0.005 low: -0.434 |
|
| DuPont ROE | 2.092 % | |
| Return On Invested Capital (ROIC) | 2.321 % | |
| Return On Invested Capital QoQ | 73.468 % | |
| Return On Invested Capital YoY | 86.426 % | |
| Return On Invested Capital IPRWA | high: 9.834 % NWSA: 2.321 % mean: 1.035 % median: 0.69 % low: -7.189 % |
|