News Corp announces stock repurchase update

News Corporation (NASDAQ:NWSA) (NASDAQ:NWS), a global diversified media and information services company with a market capitalization of $16.9 billion and annual revenue of $10.27 billion, has provided an update on its stock repurchase program. According to a regulatory filing with the Securities and Exchange Commission on May 19, 2025, the company is authorized to repurchase up to $1 billion of its Class A common stock and Class B common stock. Based on InvestingPro data, the company maintains a healthy free cash flow of $701 million, suggesting sufficient capacity for the buyback program.

The filing indicates that News Corp is required to report daily transactions related to the repurchase program to the Australian Securities Exchange (ASX), where the company’s stock is also listed. This information is also disclosed in the company’s quarterly and annual reports. Analysts maintain a bullish outlook on the stock, with a consensus recommendation of 1.6 (Strong Buy) and price targets ranging from $26.50 to $45 per share, according to InvestingPro data.

The document contains forward-looking statements regarding the company’s intention to repurchase its shares from time to time. However, these statements are subject to various factors, including market conditions, securities laws, and investment opportunities. The company’s future results may differ materially from those currently anticipated due to these uncertainties.

News Corp emphasizes that the forward-looking statements in the report are made as of the date of the filing, and the company does not undertake any obligation to update these statements publicly, except as required by law.

The SEC filing also includes exhibits provided to the ASX, detailing the specific transactions of the repurchase program on the dates noted therein.

This update comes as part of News Corp’s ongoing efforts to manage its capital structure and return value to its shareholders. The company, which maintains a conservative debt-to-equity ratio of 0.36 and an overall "GOOD" financial health score according to InvestingPro, has not specified a timeline for the completion of the stock repurchase program. The repurchases may be made through open market or privately negotiated transactions as determined by the company’s management. Get access to over 30 additional ProTips and comprehensive financial analysis for News Corp with an InvestingPro subscription.

Investors and interested parties can find more detailed information about the repurchase program and its terms in News Corp’s filings with the SEC.

In other recent news, News Corporation has announced the continuation of its stock repurchase program, which permits the company to buy back up to $1 billion of its Class A and Class B common stock. This decision was detailed in a filing with the Securities and Exchange Commission (SEC), and News Corp has committed to providing daily updates to the Australian Securities Exchange (ASX) regarding these repurchase transactions. The company’s filings emphasize that the repurchase plans are subject to market conditions and other investment considerations, with management acknowledging that actual results may vary. News Corp has clarified that forward-looking statements regarding these repurchases are based on current expectations and may change due to various factors, including market price fluctuations and regulatory requirements. The repurchase program is part of News Corp’s broader strategy to manage capital effectively and deliver value to shareholders. The company has communicated that updates on the repurchase program will be included in its quarterly and annual reports. Investors and stakeholders are advised to review News Corp’s SEC filings for more detailed information about the company’s financial position and strategic initiatives. This development reflects News Corp’s confidence in its financial strength and commitment to maintaining a disciplined approach to enhancing shareholder value.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.