Earnings Releases·Nov 4, 2026, 4:17 PM ET

News Corporation — Fiscal 2027 Q1 Earnings Summary

**Financial Results:** Total revenues rose 6% YoY to $2.28 billion, while net income surged 43% to $215 million; adjusted EPS increased to $0.28 from $0.22, though free cash flow turned negative at $(89) million due to higher capital expenditures and lower operating cash flow.
**Segment Performance:** Digital Real Estate Services and Book Publishing drove growth with double-digit revenue and EBITDA increases, whereas the News Media segment saw revenues decline 1% and EBITDA drop 40% amid print advertising weakness.
**Capital Allocation:** The company repurchased $166 million in shares and paid $61 million in dividends, both up significantly from the prior year, while total borrowings increased to $2.012 billion.
**Strategic Outlook:** Management emphasized a "record first quarter" and AI-driven growth potential, maintaining an assertive stance on intellectual property protection through partnerships and litigation, while citing ongoing legal challenges regarding U.K. newspaper matters.