News Corp (Class B) (NWS)

NASDAQCommunication ServicesPublishingSnapshot 2026-10-15

$32.88-0.54%

Close 2026-10-16 · 1-day change

Read the published Living FV report summary

Investment OutlookAs of Oct 15, 2026

What could strengthen or challenge News Corp (Class B)’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Living FV™

Living Fair Value by QuarterlyIQ

A valuation that evolves as the business changes.

A published Living FV snapshot is not available yet. The valuation workflow remains discoverable; a market target cannot supply the missing evidence.

View Living FV report and workflow

What the Thesis Depends On

4 key conditions need to be met for the investment thesis to play out.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Execute $1 billion share buyback program	The company returns cash through a $1 billion share buyback program.	Intact	Buyback program is suspended or materially reduced	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
EPS grows to about $1.29 in FY27	Earnings per share are expected to rise to about $1.29 in the next fiscal year.	Improving	EPS falls below $1.29 in FY27	Diluted EPS: $0.33 per share FY2026-Q4; GAAP. Published target: EPS >= $1.29. Target period is not explicitly aligned with this observation. Source published Aug 7, 20260.33 USD/share · source valueSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q4 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q4. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Profit margins remain stable near current levels	Profit margins stay stable near current levels.	Intact	Profit margins decline significantly below current levels	Net margin: 14.93% FY2026-Q4; GAAP. Published target: Maintain profit margins near current levels. Target percentage unit is not explicit. Source published Sep 23, 202614.933676 percent · calculatedSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q4 · Period ending Date unavailable Source: company_financial_results. Reference: 4d24e0e3-5970-4336-906f-76122803483b. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Maintain revenue growth near 6% annually	A primary condition in News Corp (Class B)'s published investment case. The stated target is >=6% YoY revenue growth.	Intact	YoY revenue growth falls below 6% in FY27	Revenue growth: 10.81% FY2026-Q4; GAAP. Published target: >=6% YoY revenue growth. Target period is not explicitly aligned with this observation. Source published Aug 7, 202610.810811 percent · calculatedSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q4 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q4. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2028 · fiscal year ending 2028-06-30 · fmp

FY2028 EPSUnavailable

Unavailable → Unavailable · observed estimates

FY2028 revenue$9.78B

$9.71B → $9.78B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2028 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	$9,707,517,058	1 / 5
2026-07-25	Unavailable	$9,707,517,058	1 / 5
2026-07-26	Unavailable	$9,707,517,058	1 / 5
2026-07-27	Unavailable	$9,707,517,058	1 / 5
2026-07-28	Unavailable	$9,707,517,058	1 / 5
2026-07-29	Unavailable	$9,707,517,058	1 / 5
2026-07-30	Unavailable	$9,701,189,785	1 / 5
2026-07-31	Unavailable	$9,701,189,785	1 / 5
2026-08-01	Unavailable	$9,701,189,785	1 / 5
2026-08-02	Unavailable	$9,701,189,785	1 / 5
2026-08-03	Unavailable	$9,701,189,785	1 / 5
2026-08-04	Unavailable	$9,701,189,785	1 / 5
2026-08-05	Unavailable	$9,701,189,785	1 / 5
2026-08-06	Unavailable	$9,701,189,785	1 / 5
2026-08-07	Unavailable	$9,758,809,371	2 / 6
2026-08-08	Unavailable	$9,656,742,490	4 / 11
2026-08-09	$1.50	$9,715,877,270	5 / 11
2026-08-10	Unavailable	$9,758,809,371	2 / 6
2026-08-12	Unavailable	$9,758,809,371	2 / 6
2026-08-13	Unavailable	$9,758,809,371	2 / 6
2026-08-14	Unavailable	$9,758,809,371	2 / 6
2026-08-15	Unavailable	$9,758,809,371	2 / 6
2026-08-16	Unavailable	$9,758,809,371	3 / 6
2026-08-17	Unavailable	$9,758,809,371	3 / 6
2026-08-18	Unavailable	$9,758,809,371	3 / 6
2026-08-19	Unavailable	$9,758,809,371	3 / 6
2026-08-20	Unavailable	$9,789,830,932	3 / 6
2026-08-21	Unavailable	$9,789,830,932	3 / 6
2026-08-22	Unavailable	$9,783,194,568	3 / 6
2026-08-23	Unavailable	$9,783,194,568	3 / 6
2026-08-24	Unavailable	$9,783,194,568	3 / 6
2026-08-25	Unavailable	$9,783,194,568	3 / 6
2026-08-26	Unavailable	$9,783,194,568	3 / 6
2026-08-27	Unavailable	$9,783,194,568	3 / 6
2026-08-28	Unavailable	$9,783,194,568	3 / 6
2026-08-29	Unavailable	$9,783,194,568	3 / 6
2026-08-30	Unavailable	$9,783,194,568	3 / 6
2026-08-31	Unavailable	$9,783,194,568	3 / 6
2026-09-01	Unavailable	$9,783,194,568	3 / 6
2026-09-02	Unavailable	$9,783,194,568	3 / 6
2026-09-03	Unavailable	$9,783,194,568	3 / 6
2026-09-04	Unavailable	$9,783,194,568	3 / 6
2026-09-05	Unavailable	$9,783,194,568	3 / 6
2026-09-06	Unavailable	$9,783,194,568	3 / 6
2026-09-07	Unavailable	$9,783,194,568	3 / 6
2026-09-08	Unavailable	$9,783,194,568	3 / 6
2026-09-09	Unavailable	$9,783,194,568	3 / 6
2026-09-10	Unavailable	$9,783,194,568	3 / 6
2026-09-11	Unavailable	$9,783,194,568	3 / 6
2026-09-12	Unavailable	$9,783,194,568	3 / 6
2026-09-13	Unavailable	$9,783,194,568	3 / 6
2026-09-14	Unavailable	$9,783,194,568	3 / 6
2026-09-15	Unavailable	$9,783,194,568	3 / 6
2026-09-16	Unavailable	$9,783,194,568	3 / 6
2026-09-17	Unavailable	$9,783,194,568	3 / 6
2026-09-18	Unavailable	$9,783,194,568	3 / 6
2026-09-19	Unavailable	$9,783,194,568	3 / 6
2026-09-20	Unavailable	$9,783,194,568	3 / 6
2026-09-21	Unavailable	$9,783,194,568	3 / 6
2026-09-22	Unavailable	$9,783,194,568	3 / 6
2026-09-23	Unavailable	$9,783,194,568	3 / 6
2026-09-24	Unavailable	$9,783,194,568	3 / 6
2026-09-25	Unavailable	$9,783,194,568	3 / 6
2026-09-26	Unavailable	$9,783,194,568	3 / 6
2026-09-27	Unavailable	$9,783,194,568	3 / 6
2026-09-28	Unavailable	$9,783,194,568	3 / 6
2026-09-29	Unavailable	$9,783,194,568	3 / 6
2026-09-30	Unavailable	$9,783,194,568	3 / 6
2026-10-01	Unavailable	$9,783,194,568	3 / 6
2026-10-02	Unavailable	$9,783,194,568	3 / 6
2026-10-03	Unavailable	$9,783,194,568	3 / 6
2026-10-04	Unavailable	$9,783,194,568	3 / 6
2026-10-05	Unavailable	$9,783,194,568	3 / 6
2026-10-06	Unavailable	$9,783,194,568	3 / 6
2026-10-07	Unavailable	$9,783,194,568	3 / 6
2026-10-08	Unavailable	$9,783,194,568	3 / 6
2026-10-09	Unavailable	$9,783,194,568	3 / 6
2026-10-10	Unavailable	$9,783,194,568	3 / 6
2026-10-11	Unavailable	$9,783,194,568	3 / 6
2026-10-12	Unavailable	$9,783,194,568	3 / 6
2026-10-13	Unavailable	$9,783,194,568	3 / 6
2026-10-14	Unavailable	$9,783,194,568	3 / 6
2026-10-15	Unavailable	$9,783,194,568	3 / 6

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	7	2
2026-06-01	7	2
2026-07-01	7	1
2026-08-01	7	1
2026-09-01	7	1
2026-10-01	7	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 7 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 16–Oct 15 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 16, 2026–Oct 15, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Execute $1 billion share buyback programDirect metric needs a verified mapping
EPS grows to about $1.29 in FY27Diluted EPS: $0.33 per share
Profit margins remain stable near current levelsNet margin: 14.93%
Maintain revenue growth near 6% annuallyRevenue growth: 10.81%

Next proof point

Nov 5, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.2%Typical daily move · historical

Downside history

-17.7%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

News Corp (Class B) outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 10, 2026

What kind of bet this is

This investment represents a durable compounder with a focus on core segments like Dow Jones and Digital Real Estate. The current thesis state is intact, supported by recent strong financial performance.

What's priced into News Corp (Class B)

The market has priced in a fragile outlook due to expensive valuation and weak execution quality. There is an expectations gap, indicating that the current valuation may not be justified given the company's recent quality decline.

What the fundamentals likely do

Fundamentals are likely to remain stable in the near term, driven by management's focus on growth in core segments and ongoing stock repurchase programs. However, the company's recent quality drop and the volatile nature of its management could pose risks.

What News Corp (Class B) hinges on

The long-term thesis hinges on management's ability to maintain guidance and deliver on growth priorities. Additionally, external factors such as potential Federal Reserve rate cuts and performance of sector peers will play a critical role.