News Corp posts record Q1 revenue and mixed segment results, shares slip 5%

News Corp reported fiscal 2027 first‑quarter adjusted earnings of $0.28 per share, beating the $0.26 consensus. Revenue rose 6% year‑over‑year to $2.28 billion, while total segment EBITDA increased 19% to $403 million. Dow Jones revenue grew 8% to $630 million and its EBITDA rose 11% to $160 million at a 25.4% margin. Digital Real Estate services revenue rose 10% to $529 million, but News Media revenue fell 1% to $540 million.

The company highlighted strong digital ad performance and an upcoming Anthropic settlement, but free cash flow was weak due to timing of collections, which contributed to a 5% share decline. Investors will watch cash‑flow trends and the settlement impact for future profitability.

  • 1Adjusted earnings per share were $0.28, beating the $0.26 analyst estimate by $0.02.
  • 2Revenue was $2.28 billion, up 6% year‑over‑year on a reported basis.
  • 3Net income increased 43% year‑over‑year to $215 million.
  • 4Total segment EBITDA rose 19% year‑over‑year to $403 million.
  • 5Dow Jones revenue was $630 million, up 8% year‑over‑year on a reported basis.
  • 6Dow Jones EBITDA was $160 million, up 11% year‑over‑year on a reported basis, representing a 25.4% margin.

Sources