Global media and publishing company News Corp (NASDAQ: NWSA) reported Q1 CY2026 results exceeding the market’s revenue expectations, with sales up 8.8% year on year to $2.19 billion. Its non-GAAP profit of $0.21 per share was 5.5% above analysts’ consensus estimates.

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Company Overview

Established in 2013 after a restructuring, News Corp (NASDAQ: NWSA) is a multinational conglomerate known for its news publishing, broadcasting, digital media, and book publishing.

Revenue Growth

A company’s long-term sales performance is one signal of its overall quality. Any business can have short-term success, but a top-tier one grows for years. Unfortunately, News Corp struggled to consistently increase demand as its $8.8 billion of sales for the trailing 12 months was close to its revenue five years ago. This was below our standards and is a sign of poor business quality.

Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. News Corp’s annualized revenue growth of 1.2% over the last two years is above its five-year trend, which is encouraging.

We can dig further into the company’s revenue dynamics by analyzing its three most important segments: Dow Jones, News Media, and Book Publishing, which are 27.8%, 24.6%, and 22.9% of revenue. Over the last two years, News Corp’s Dow Jones (media subsidiary) and News Media (general media) revenues averaged year-on-year growth of 6.1% and 2.2% while its Book Publishing revenue (general publishing) averaged 2.2% declines.

This quarter, News Corp reported year-on-year revenue growth of 8.8%, and its $2.19 billion of revenue exceeded Wall Street’s estimates by 3.4%.

Looking ahead, sell-side analysts expect revenue to grow 3.1% over the next 12 months. Although this projection indicates its newer products and services will catalyze better top-line performance, it is still below the sector average.

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Operating Margin

in line with the same quarter last year. This indicates the company’s overall cost structure has been relatively stable.

Earnings Per Share

We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company’s growth is profitable.

News Corp’s EPS grew at 16.3% compounded annual growth rate over the last five years. This performance was better than its flat revenue but doesn’t tell us much about its business quality because its operating margin didn’t improve.

In Q1, News Corp reported adjusted EPS of $0.21, up from $0.17 in the same quarter last year. This print beat analysts’ estimates by 5.5%. Over the next 12 months, Wall Street expects News Corp’s full-year EPS of $1.02 to grow 26.2%.

Key Takeaways from News Corp’s Q1 Results

It was encouraging to see News Corp beat analysts’ revenue expectations this quarter. We were also glad its EPS outperformed Wall Street’s estimates. Overall, this print had some key positives. The stock remained flat at $27.06 immediately after reporting.

So do we think News Corp is an attractive buy at the current price? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).