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News Corp updates on $1 billion stock repurchase program disclosure

Published 08/07/2025, 11:14
News Corp updates on $1 billion stock repurchase program disclosure
NWSA
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News Corp (NASDAQ:NWSA) (NASDAQ:NWSA, NASDAQ:NWS), the $17.47 billion market cap media giant, filed a report Monday confirming ongoing disclosures related to its previously authorized stock repurchase program. The company is permitted to repurchase up to $1 billion in aggregate of its outstanding Class A and Class B common stock. According to InvestingPro data, the stock has gained 7.04% year-to-date and maintains a "Good" Financial Health Score.

According to the statement, News Corp is required under Australian Securities Exchange (ASX) rules to provide daily updates to the ASX on transactions made under the repurchase program. The company also includes information about the repurchase program in its quarterly and annual reports. With a strong current ratio of 1.68 and analysts maintaining a Buy consensus, InvestingPro analysis suggests the stock is currently slightly undervalued.

The filing notes that additional details provided to the ASX are attached as exhibits to the SEC report. The company reiterated that statements regarding its intent to repurchase shares are forward-looking and subject to change based on market conditions and regulatory requirements. For deeper insights into News Corp’s valuation and financial health metrics, access the comprehensive Pro Research Report, available exclusively on InvestingPro.

This information is based on a press release statement included in the company’s SEC filing.

In other recent news, News Corp has provided an update on its ongoing $1 billion stock repurchase program. The company is authorized to buy back up to $1 billion of its outstanding Class A and Class B common shares. News Corp is required to disclose daily transactions related to this program to the Australian Securities Exchange, as per ASX rules. Additionally, the company includes updates on the repurchase activity in its quarterly and annual reports. The statements regarding the intent to repurchase shares are forward-looking and subject to factors such as market conditions and applicable securities laws. News Corp has clarified that it is not obligated to update these forward-looking statements unless required by law. This update was included in a filing with the U.S. Securities and Exchange Commission.

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