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NEW YORK - News Corp (NASDAQ:NWS, NWSA), with a market capitalization of $17.72 billion, announced Tuesday that its Board of Directors has authorized a new $1 billion stock repurchase program, adding to the $303 million remaining from its existing program launched in September 2021. The company’s stock has shown strong momentum, delivering a 13.91% return year-to-date.
The company plans to begin executing share repurchases at an accelerated rate following its fiscal 2025 fourth quarter earnings release in early August, according to a press release statement. The new program has no time limit and may be modified or discontinued at any time.
Under the program, News Corp intends to repurchase a combination of its Class A and Class B common stock through open market or other transactions, subject to market conditions and stock price.
"We believe our stock is trading at a significant discount to its intrinsic value," said Robert Thomson, News Corp Chief Executive. "We also expect to increase meaningfully and materially the pace of repurchases from the current daily rate." However, InvestingPro analysis suggests the stock is slightly overvalued at its current price of $34.55. InvestingPro subscribers can access detailed valuation metrics and 12 additional ProTips about News Corp’s financial position.
The media company highlighted its focus on strategic investments in core growth areas including Dow Jones, Digital Real Estate Services and Book Publishing. With revenue of $10.27 billion and a healthy EBITDA of $1.38 billion in the last twelve months, along with a strong current ratio of 1.68, News Corp maintains a solid financial position. The company also noted its recent sale of Foxtel Group to DAZN as part of efforts to streamline its asset base. InvestingPro rates News Corp’s overall financial health as "GOOD" based on comprehensive analysis available in the Pro Research Report.
The total buyback authorization now stands at $1.3 billion, including the remaining funds from the previous program.
News Corp operates primarily in the United States, Australia and the United Kingdom, with businesses spanning information services, news, digital real estate services and book publishing.
In other recent news, News Corp reported its third-quarter 2025 financial results, revealing a 1% increase in total revenues to $2 billion and a 67% rise in net income from continuing operations, reaching $107 million. The company emphasized its strategic focus on digital transformation, which now constitutes the majority of its revenue. News Corp also completed the sale of Foxtel to DAZN, transferring $724 million in debt, as part of its strategy to streamline operations. In addition, the company acquired Oxford Analytica and Dragonfly Intelligence, further expanding its digital and professional information services. Dow Jones, a News Corp subsidiary, reported digital subscriptions exceeding 6 million, underscoring its growth in the digital space. On the corporate front, News Corp appointed Julian Delany as the new Executive Vice President and Chief Technology Officer, effective July 2025. Meanwhile, Realtor.com, operated by News Corp’s subsidiary Move Inc., announced the acquisition of Zenlist, a real estate technology firm, to enhance its agent tools. These developments highlight News Corp’s ongoing efforts to adapt to the evolving digital landscape and strengthen its market position.
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