News Corp revenues climb amid strong digital growth

News Corp. (ASX:NWS) reported a strong second quarter for fiscal 2026, headlined by a 6% revenue increase to US$2.36 billion.

The growth was primarily fueled by robust performances in the Dow Jones, Digital Real Estate Services, and Book Publishing segments.

While total segment EBITDA rose 9% to US$521 million, net income saw a 21% dip to US$242 million—largely due to the absence of a one-time gain from the prior year’s sale of PropertyGuru.

The Dow Jones segment emerged as a primary engine of growth, with revenues climbing 8% to US$648 million.

The surge was bolstered by a 20% jump in risk & compliance and record digital advertising revenues, achieving EBITDA margins near 30%.

Meanwhile, Book Publishing reached a quarterly record of US$633 million, driven by strong frontlist titles and acquisitions.

In the digital space, Move (Realtor.com) grew 10%, reaching US$143 million.

CEO Robert Thomson noted the company's strategic positioning in the era of Artificial Intelligence.

Highlighting a new partnership with Bloomberg for AI rights to Dow Jones content, Thomson asserted that "provenance is paramount" in a market increasingly wary of low-quality data sets.

The company has accelerated its stock buyback program to four times its previous rate.