NWSA Stock Recent News

Citi analyst Jason Bazinet initiated coverage of News Corp. with a Buy rating and $36 price target. Over the next 24 months, the firm expects management to increase the ownership of REA from 61% to 80% and spin-off REA to News Corp's shareholders. Collectively, these levers could unlock $22 of share value, the analyst tells investors in a research note. At prevailing share levels, Citi sees $2 of downside and $22 of upside, a favorable risk/reward.

[Note: News Corp Fiscal 2024 Ended in June]

Rightmove shares rose 24% in London, valuing the company at about £5.4 billion, or $7.1 billion.

News Corporation (NASDAQ:NWS ) Q4 2024 Results Conference Call August 8, 2024 5:00 PM ET Company Participants Michael Florin - SVP, Head of IR Robert Thomson - Chief Executive Officer Susan Panuccio - Chief Financial Officer Conference Call Participants David Karnovsky - JPMorgan Kane Hannan - Goldman Sachs Entcho Raykovski - Evans & Partners Brian Han - Morningstar Darren Leung - Macquarie Lucy Huang - UBS Alan Gould - Loop Capital Craig Huber - Huber Research Operator Welcome to News Corp's Fourth Quarter and Full Year Fiscal 2024 Earnings Conference Call. Today's conference is being recorded.

News Corporation shares rose 3% after Q4 financial results. Revenue and adjusted earnings per share beat forecasts, but some results were mixed at the segment level. Despite overall positive performance, further market-beating upside from here is unlikely.

News Corporation's (NWSA) fourth-quarter fiscal 2024 results reflect growth in the Digital Real Estate Services, Book Publishing and Dow Jones segments.

News Corporation (NASDAQ:NWSA ) Q4 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Michael Florin - Senior Vice President & Head, Investor Relations Robert Thomson - Chief Executive Susan Panuccio - Chief Financial Officer Conference Call Participants David Karnovsky - JPMorgan Kane Hannan - Goldman Sachs Entcho Raykovski - Evans & Partners Brian Han - Morningstar Darren Leung - Macquarie Lucy Huang - UBS Alan Gould - Loop Capital Craig Huber - Huber Research Operator Welcome to News Corp's Fourth Quarter and Full Year Fiscal 2024 Earnings Conference Call. Today's conference is being recorded.

Although the revenue and EPS for News Corp. (NWSA) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Australian pay television company Foxtel, controlled by the Murdoch family and partly by local telecom firm Telstra , has been put up for sale post third-party interest and a strategic review, owner News Corp said on Thursday.

News Corp. (NWSA) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.14 per share a year ago.