Key Stats for News Corporation Stock
- 52-Week Range: $22 to $32
- Current Price: $26
- Street Mean Target: $35
- Street High Target: $43
- Analyst Consensus: 5 Buys / 2 Outperforms / 1 Hold
- TIKR Model Target (June 2030): $34
News Corp Posts 12th Straight Quarter of EBITDA Growth as Dow Jones, Digital Real Estate, and Books All Hit Double Digits
News Corporation (NWSA), the global media and information services company that owns the Wall Street Journal, REA Group, Realtor.com, and HarperCollins, reported fiscal Q3 2026 results on May 7 with revenue rising 9% year over year to $2.19 billion, beating the Street consensus of around $2.11 billion by around 4%.
Total segment EBITDA climbed 18% to $343 million, expanding the margin from 14.4% to 15.7%.
Adjusted EPS came in at $0.21, ahead of the analyst estimate of $0.18 by $0.03.
Net income from continuing operations increased 13% to approximately $121 million.
The result marked the company’s 12th consecutive quarter of year-over-year total segment EBITDA growth on a continuing operations basis.
CEO Robert Thomson described the result on the Q3 2026 earnings call as “resounding,” adding: “Our third quarter results reflect a continuation of the positive trends that emerged in the first half, and we remain on track for another record fiscal year of profitability given the strength seen thus far in the fourth quarter.”
The three segments that management has identified as its core growth engines — Dow Jones, Digital Real Estate Services, and Book Publishing — drove the outperformance in concert, each posting double-digit EBITDA growth in the quarter.
Dow Jones, the professional information platform anchoring the Wall Street Journal, Barron’s, and a fast-growing Risk and Compliance business, delivered revenue of $619 million, up 8%, with segment EBITDA reaching $147 million, up 11%, pushing its margin to 23.7%.
Risk and Compliance within Dow Jones was the standout driver, growing 19% to around $100 million as corporate customers sought out compliance and risk tools in a geopolitically volatile environment.
Digital Real Estate Services revenue rose 17% to $473 million, with EBITDA surging 25%, as REA Group in Australia posted 20% revenue growth and Realtor.com in the U.S. grew revenue 10% despite the 30-year mortgage rate remaining above 6%.
HarperCollins, the book publishing arm, grew revenue 8% to $555 million and pushed EBITDA up 14%, with margins expanding 70 basis points to 13.2%, fueled by surging demand for the Rachel Reid Game Changers series driven by its TV adaptation.
CFO Lavanya Chandrashekar separately noted that the company repurchased $193 million in shares during Q3, up from $172 million in Q2, bringing fiscal year-to-date buybacks to around $459 million, adding: “We believe our stock remains materially undervalued relative to its net asset value.”
On the AI front, Thomson confirmed active negotiations beyond the existing Meta and OpenAI agreements: “We are negotiating several further deals with companies who recognize the preciousness of our provenance and which should have a positive impact on our revenue and profitability.”
The company also expects to receive proceeds from a $1.5 billion settlement with Anthropic starting later in the calendar year, a royalty stream not yet in any forward estimate the Street is modeling.
8 Analysts Say Buy, Street Mean Target Is $35: What They Are Watching in News Corporation Stock
The thesis driving Wall Street’s buy-heavy positioning on News Corporation stock is a transformation re-rating: the market is still pricing NWSA as a legacy media company, while the actual earnings engine has been restructured around three subscription-led, high-margin businesses.
Of the 8 analysts covering the stock, 5 rate it a buy, 2 rate it outperform, and 1 holds a neutral view — with no underperform or sell ratings.
The Street mean target sits at around $35, implying approximately 35% upside from the current price of $26.
The high target reaches $43, which would imply upside of around 65%.
On adjusted EPS, the consensus estimate for the quarter ending June 2026 is $0.22, a gain of around 5% from the $0.21 reported in Q3 and for the December 2026 quarter, the estimate rises to $0.47, a gain of around 17%.
Revenue estimates project growth continuing, with the June 2026 quarter expected to deliver around $2.23 billion and the December 2026 quarter around $2.47 billion, versus the $2.19 billion reported in Q3.
Free cash flow is the metric Wall Street will focus on most closely in the quarters ahead: the Q3 FCF of $0.40 per share beat the Street’s $0.32 estimate by around 26%, and the December 2026 quarter estimate sits at $0.44 per share, reflecting expected cash generation that has significantly outpaced reported earnings this year.
UBS specifically highlighted News Corp as a top pick in the Australian media space, noting that Dow Jones is well-positioned to benefit from both AI licensing demand and reliance on compliance and commodity pricing data during geopolitical uncertainty.
The unresolved tension for the bull case is the News Media segment: revenue rose 5% in Q3, but segment EBITDA fell $18 million year over year as launch costs for the California Post weighed, and print revenue continued its structural decline.
At $26, News Corporation stock is undervalued relative to what the three core growth engines are building — a franchise that management is running a $1 billion annual Dow Jones EBITDA target against, with AI licensing revenue that has not yet fully appeared in any of the forward estimates Wall Street is currently using.
Is News Corporation Stock Undervalued in 2026? TIKR’s $34 Mid-Case and the Housing Recovery Catalyst Nobody Is Pricing
TIKR’s base case values News Corporation stock at approximately $34 by June 2030, implying around 30% total return from the current price near $26, or roughly 7% annualized over the next 4 years.
If the housing market remains suppressed and Realtor.com’s growth stays contained by elevated mortgage rates, TIKR’s low-case scenario puts the stock at around $30 by 2034 on an IRR of around 2%.
The mid-case, built around revenue growing at roughly 3% annually and net income margins reaching approximately 8%, produces a stock price of around $38 and an annualized return of around 5%.
The high case where the housing market recovers, AI licensing revenues accelerate, and Dow Jones continues its march toward $1 billion in annual EBITDA puts the stock at around $45, implying an IRR of around 7%.
The key tension that separates the low case from the high is not whether NWSA’s core businesses will grow they already are but whether the market will re-rate the stock off its legacy media discount before the housing recovery and AI licensing revenues make the transformation undeniable.
Is News Corporation stock a buy right now?
News Corporation stock currently carries 5 buy ratings, 2 outperform ratings, and 1 hold from analysts covering the stock, with a mean price target near $35 and a high target near $43.
The Q3 results, which included 18% EBITDA growth and a 25% surge in Digital Real Estate EBITDA, give bulls a concrete earnings foundation. TIKR’s mid-case model implies around 30% total return to June 2030 at the current price near $26.
What is the price target for NWSA stock?
The Street mean price target for NWSA stock is around $35, with a high target of $43. Of the 8 analysts with ratings on file, none carry a sell or underperform view.
TIKR’s own valuation model sets a mid-case target of approximately $34 by June 2030, based on revenue CAGR of roughly 3% and net income margins expanding to approximately 8%.
Should You Invest in News Corporation?
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Pull up News Corporation stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
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