News (NASDAQ:NWSA) Stock, Quote.Headers.trade-ideas

News

News Corporation is a diversified media conglomerate with significant presence in the us, the UK, and Australia. Key mastheads include The Wall Street Journal, Barron's, New York Post, The Times, The Sun, The Australian, Herald Sun, and The Daily Telegraph. The company also has a strong presence in the Australian subscription video market through 65%-owned Foxtel, and streaming platforms such as sport-focused Kayo and entertainment-focused Binge. Its 61%-owned REA Group is the dominant property listings business in Australia. In addition, it owns Harper Collins, one of the biggest book publishers in the world, and has a sizable us digital property advertising business, Move.

Oracle stock

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

AXON

BOOT

COST

IDYA

NWSA

ORCL

RBRK

TERN

Oracle To Rally Around 29%? Here Are 10 Top Analyst Forecasts For Tuesday

Crollo del Nasdaq: gli insider si sbarazzano di questi titoli

Short Ideas

Insider Trades

MSFT

McKesson, News Corporation And 2 Other Stocks Executives Are Selling

Flag of Russia on military uniform and flag of the Ukraine at background. Photo by Bumble Dee on Shutterstock

Government

Russia Strikes Back At Ukraine&#39;s Ground Incursion Into Kursk

News Corp

<a href="https://dol.ny.gov/system/files/documents/2024/09/warn-nyc-news-enterprises-inc.-dba-news-corp-9.12.24-2024-0053.pdf" title="https://dol.ny.gov/system/files/documents/2024/09/warn-nyc-news-enterprises-inc.-dba-news-corp-9.12.24-2024-0053.pdf">https://dol.ny.gov/system/files/documents/2024/09/warn-nyc-news-enterprises-inc.-dba-news-corp-9.12.24-2024-0053.pdf</a>

Management

News Corp To Lay Off 69 Employees In New York City Due To Economic Reasons, According To WARN Notice

News Corp Considered Moving Away From Google's Ad Tools In 2017, But Estimated A Loss Of At Least $9M In Ad Revenue, Former Executive Testifies At Google's Antitrust Trial In Virginia

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>TD Cowen raised the price target for Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) from $165 to $180. TD Cowen analyst Derrick Wood maintained a Buy rating. Oracle shares fell 1.4% to close at $139.89 on Monday. <a href="https://www.benzinga.com/quote/ORCL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BTIG boosted the price target for Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) from $150 to $165. BTIG analyst Janine Stichter maintained a Buy rating. Boot Barn shares gained 3% to close at $139.55 on Monday. <a href="https://www.benzinga.com/quote/BOOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities raised Terns Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TERN#NASDAQ">TERN</a>) price target from $15 to $20. JMP Securities analyst Silvan Tuerkcan maintained a Market Outperform rating. Terns Pharmaceuticals shares gained 16.8% to close at $9.12 on Monday. <a href="https://www.benzinga.com/quote/TERN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) price target from $76 to $80. B of A Securities analyst Andrew Obin upgraded the stock from Neutral to Buy. Johnson Controls shares gained 1.1% to close at $68.60 on Monday. <a href="https://www.benzinga.com/quote/JCI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital cut the price target for Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) from $40 to $38. BMO Capital analyst Keith Bachman maintained an Outperform rating. Rubrik shares rose 4.4% to close at $32.06 on Monday. <a href="https://www.benzinga.com/quote/RVRK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Redburn Atlantic boosted Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) price target from $860 to $890. Redburn Atlantic analyst Daniela Nedialkova downgraded the stock from Buy to Neutral. Costco shares gained 2.3% to close at $896.49 on Monday. <a href="https://www.benzinga.com/quote/COST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised IDEAYA Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDYA#NASDAQ">IDYA</a>) price target from $63 to $68. Stifel analyst Benjamin Burnett maintained a Buy rating. IDEAYA Biosciences shares rose 0.7% to close at $36.45 on Monday. <a href="https://www.benzinga.com/quote/IDYA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased the price target for Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) from $360 to $400. Baird analyst William Power maintained an Outperform rating. Axon Enterprise shares gained 2.8% to close at $364.39 on Monday. <a href="https://www.benzinga.com/quote/AXON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank boosted Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) price target from $62 to $83. Deutsche Bank analyst Derek Johnston upgraded the stock from Hold to Buy. Equity Residential shares gained 1% to close at $75.10 on Monday. <a href="https://www.benzinga.com/quote/EQR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital boosted News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) price target from $38 to $39. Loop Capital analyst Alan Gould maintained a Buy rating. News Corporation shares gained 0.1% to close at $26.60 on Monday. <a href="https://www.benzinga.com/quote/NWSA/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying ORCL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21-1024x486.png" alt="" class="wp-image-539772" style="width:624px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21-1024x486.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21-300x142.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21-768x364.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21.png 1396w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40785814/dow-jumps-over-1-following-last-weeks-selloff-investor-sentiment-improves-but-fear-greed-index-rema">Dow Jumps Over 1% Following Last Week&#8217;s Selloff: Investor Sentiment Improves, But Fear &amp; Greed Index Remains In &#8216;Fear&#8217; Zone</a></li>
</ul>

Loop Capital analyst Alan Gould maintains News (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) with a Buy and raises the price target from $38 to $39.

Loop Capital Maintains Buy on News, Raises Price Target to $39

News Corp Receives Non-Binding Stockholder Proposal To Eliminate Dual-Class Structure; Board Reaffirms Support For Dual-Class Structure For Stability And Strategic Reasons

The Nasdaq 100 closed lower by over 500 points during Friday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Microsoft</h3>
<ul>
<li>The Trade: Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) EVP, CFO Amy Hood <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 40,450 shares</a> at an average price of $410.55. The insider received around $15.6 million from selling those shares.</li>
<li>What's Happening: Microsoft Corp recently launched a new line of Windows PCs with AI capabilities.</li>
<li>What Microsoft Does: Microsoft develops and licenses consumer and enterprise software.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1"> latest MSFT news. </a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="907" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09074623/image-68.png" alt="" class="wp-image-537138" style="width:634px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09074623/image-68.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09074623/image-68-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09074623/image-68-768x704.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></figure>
<h3 class="wp-block-heading">McKesson</h3>
<ul>
<li>The Trade: McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) CEO Brian S. Tyler sold a total of 3,753 shares at an average price of $561.10. The insider received around $2.11 million from selling those shares.</li>
<li>What's Happening: McKesson, last week, signed an agreement to sell its Canada-based Rexall and Well.ca businesses to Birch Hill Equity Partners.</li>
<li>What McKesson Does: McKesson Corp is one of three leading pharmaceutical wholesalers in the us engaged in sourcing and distributing branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1">trend in MCK stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="908" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09052922/image-1-16.png" alt="" class="wp-image-536858" style="width:657px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09052922/image-1-16.png 908w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09052922/image-1-16-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09052922/image-1-16-768x712.png 768w" sizes="(max-width: 908px) 100vw, 908px" /></a></figure>
<h3 class="wp-block-heading">News Corporation</h3>
<ul>
<li>The Trade: News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) Chief Technology Officer David R Kline <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 10,000 shares</a> at an average price of $26.96. The insider received around $269,626 from selling those shares.</li>
<li>What's Happening: On Aug. 8, News Corporation reported better-than-expected fourth-quarter financial results.</li>
<li>What News Corporation Does: News Corporation is a diversified media conglomerate with significant presence in the us, the UK, and Australia. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1">breakout in NWSA shares. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="888" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053038/image-63.png" alt="" class="wp-image-536860" style="width:650px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053038/image-63.png 888w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053038/image-63-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053038/image-63-768x725.png 768w" sizes="(max-width: 888px) 100vw, 888px" /></a></figure>
<h3 class="wp-block-heading">Fluor</h3>
<ul>
<li>The Trade: Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) EVP, CFO Joseph L Brennan sold a total of 31,260 shares at an average price of $46.65. The insider received around $1.46 million from selling those shares.</li>
<li>What's Happening: On Aug. 2, Fluor reported second-quarter fiscal 2024 revenue growth of 7.3% year over year to $4.227 billion, missing the consensus of $4.360 billion.</li>
<li>What Fluor Does: Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. </li>
<li>Benzinga Pro's earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1">FLR&#8217;s earnings reports. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="888" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053132/image-64.png" alt="" class="wp-image-536861" style="width:614px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053132/image-64.png 888w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053132/image-64-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053132/image-64-768x720.png 768w" sizes="(max-width: 888px) 100vw, 888px" /></a></figure>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40767657/s-p-500-records-largest-weekly-decline-since-march-2023-as-nvidia-google-tumble-fear-greed-index">S&amp;P 500 Records Largest Weekly Decline Since March 2023 As Nvidia, Google Tumble: Fear &amp; Greed Index Moves To &#8216;Fear&#8217; Zone</a></li>
</ul>

FOXA

Hedge Fund Starboard Value Has Filed Shareholder Resolution To Abolish Dual-Class Shares At News Corp, Sources Say

News (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) has outperformed the market over the past 5 years by 1.76% on an annualized basis producing an average annual return of 15.69%. Currently, News has a market capitalization of $15.90 billion. 
Buying $100 In NWSA: If an investor had bought $100 of NWSA stock 5 years ago, it would be worth $207.27 today based on a price of $27.98 for NWSA at the time of writing.
<h3>News's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724862611_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning News Stock In The Last 5 Years

JP Morgan analyst David Karnovsky maintains News (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) with a Overweight and raises the price target from $34 to $37.

JP Morgan Maintains Overweight on News, Raises Price Target to $37

Russia countered <a href="https://www.benzinga.com/news/24/08/40330846/russian-president-blames-ukraine-of-sabotaging-peace-talks-through-border-incursion-says-enemy-will">Ukraine&#8217;s ground incursion</a> into Russia&#8217;s Kursk region with missiles, drones and airstrikes.
Thousands of Ukrainian soldiers advanced across the Russian border a week ago. The surprise attack allowed Ukraine to occupy a piece of Russian territory 7.5 miles deep and about 25 miles wide.
Moscow evacuated almost 200,000 people. It rushed in reserves and heavy weaponry in response to Ukraine&#8217;s ground attack, Reuters reported.
Russia&#8217;s defense ministry published images of Sukhoi Su-34 bombers hitting Ukrainian troops in the Kursk border region, according to the ministry, and said it countered attacks at villages about 17 miles from the border.
Read Also: <a href="https://www.benzinga.com/news/24/08/40264817/while-world-watches-the-middle-east-ukraine-pushes-into-russian-territory">While World Watches The Middle East, Ukraine Pushes Into Russian Territory</a>
Russian forces destroyed 35 Ukrainian tanks, 31 armored personnel carriers, 18 infantry fighting vehicles and 179 other armored vehicles during the week-long battle, it said.
&#8220;The uncontrolled ride of the enemy has already been halted,&#8221; Major General Apti Alaudinov, the commander of the Chechen Akhmat special forces unit, told Reuters. &#8220;The enemy is already aware that the blitzkrieg that it planned did not work out.&#8221;
It was not clear whether Ukraine or Russia had control of the Russian town of Sudzha, through which Russia sends gas  from Western Siberia and through Ukraineto Slovakia and other European Union countries. Russian oil and gas company Gazprom said Tuesday it was still pumping gas to Ukraine through Sudzha.
Russia first attacked Ukraine in late February 2022,
Price Action: News organizations covering the war trended upward into Tuesday&#8217;s late-afternoon trading.
<ul>
<li>Thomson Reuters Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRI#NYSE">TRI</a>), which owns Reuters, gained 1% to $162.25</li>
<li>Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) slipped 0.08% to $36.22</li>
<li>News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>), which owns The Wall Street Journal and dozens of news organizations worldwide, rose 1.53% to $27.52</li>
<li>The New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) went up 1.63% to $54.71</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39700167/zelenskyy-lands-in-washington-as-nato-summit-puts-ukraine-aid-first">Zelenskyy Lands In Washington As NATO Summit Puts Ukraine Aid First</a></li>
</ul>
Image: Shutterstock

Russia Strikes Back At Ukraine's Ground Incursion Into Kursk

News Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwsa#NASDAQ">NWSA</a>) reported fourth-quarter fiscal 2024 earnings of 17 cents per share, which beat the Zacks Consensus Estimate by 13.33% and increased 21.4% year over year.
Revenues of $2.58 billion increased 6% year over year and beat the consensus mark by 2.06%. The improvement was driven by growth in the Digital Real Estate Services, Book Publishing and Dow Jones segments.
<div class="chart_embed">
<h3>News Corporation Price, Consensus and EPS Surprise</h3>
<img alt="News Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/72/1723200167.png" style="height:285px; width:620px" title="" />
News Corporation price-consensus-eps-surprise-chart | News Corporation Quote
</div>
<h3>Quarterly Details</h3>
Adjusted revenues (which exclude the impact of foreign currency, acquisitions and divestitures) increased 6% year over year.
Total EBITDA increased 11% to $380 million, primarily due to strong contributions from the Book Publishing segment and REA Group. The increase was partly offset by Hubbl launch costs at Foxtel Group and lower contributions from the News Media segment and Move.
<h3>Segment Details</h3>
Digital Real Estate Services
Revenues in the Digital Real Estate Services segment increased 21% to $448 million, driven by strong performance at REA Group, partially offset by lower revenues in Move. Adjusted revenues and adjusted Segment EBITDA increased 21% and 28%, respectively.
Revenues in Move fell 2% to $143 million, mainly due to lower real estate revenues. Representing 80% of total Move revenues, real estate revenues decreased 2% year over year, owing to the continued impact of the macroeconomic environment on the housing market, including higher mortgage rates, which has led to lower lead and transaction volumes.
Based on Move&#39;s internal data, average monthly unique users of Realtor.com&#39;s web and mobile sites remained flat year over year at 74 million. Lead volume was flat year over year.
Revenues at REA Group rose 37% to $305 million, driven by higher Australian residential revenues due to price increases, improved depth penetration, a surge in national listings, strength in financial services and a favorable geographic mix. The increase was partly offset by a 2% negative impact from foreign currency fluctuations.
Australian national residential buy listing volumes in the reported quarter increased 16%, with listings in Sydney and Melbourne up 26% and 32%, respectively. 
Subscription Video Services
The Subscription Video Services segment&#39;s revenues were $506 million, up 1% year over year, primarily attributed to higher revenues from Kayo and BINGE from increases in both volume and pricing, mostly offset by the impact of fewer residential broadcast subscribers. Adjusted revenues were up 2% year over year.
Foxtel Group streaming subscription revenues represented approximately 32% of total circulation and subscription revenues in the fiscal fourth quarter compared with 29% in the prior-year quarter.
Broadcast subscriber churn in the quarter was 11.7% compared with 11.1% in the prior-year quarter, driven by a recent price and packaging simplification. Broadcast ARPU increased 6% year over year to A$90 (US$59). 
Dow Jones
Revenues at the Dow Jones segment increased 4% year over year to $566 million, driven by growth in circulation and subscription revenues underpinned by the professional information business. Digital revenues at Dow Jones in the fiscal fourth quarter represented 81% of total revenues compared with 79% in the year-ago quarter. Adjusted revenues rose 4%.
Circulation and subscription revenues rose 4%, primarily driven by an 8% increase in professional information business revenues, led by 12% growth in Risk &amp; Compliance revenues to $76 million and a jump of 14% in Dow Jones Energy revenues to $65 million.
Circulation revenues inched up 1% year over year, as the continued growth in digital-only subscriptions, which partially benefited from an increase in bundle offers, was offset by lower print volume. Digital circulation revenues accounted for 71% of circulation revenues for the quarter compared with 70% in the year-ago quarter.
Advertising revenues increased 2%, primarily due to 12% growth in digital advertising revenues, partly offset by a 13% decline in print advertising revenues. Digital advertising accounted for 66% of total advertising revenues compared to 60% in the prior-year quarter.
During the fiscal fourth quarter, total average subscriptions to Dow Jones&#39; consumer products were above 5.8 million, representing an 11% increase compared with the year-ago quarter. Digital-only subscriptions to Dow Jones&#39; consumer products grew 16%.
Total subscriptions to The Wall Street Journal grew 7% year over year to nearly 4.3 million average subscriptions in the quarter. Digital-only subscriptions to The Wall Street Journal grew 11% to more than 3.8 million average subscriptions and represented 89% of its total subscriptions.
Book Publishing
The Book Publishing segment reported revenues of $512 million, which increased 15% year over year from the prior-year quarter&#39;s level, primarily due to higher physical and digital book sales and improved returns.
Key titles in the quarter included The Bridgerton Series by Julia Quinn, The Midnight Feast by Lucy Foley and When the Moon Hatched by Sarah A. Parker
Digital sales rose 12% year over year, driven by strong market growth for downloadable audiobook sales, which benefited from the continued contribution from the new Spotify partnership. Digital sales represented 24% of Consumer revenues compared with 25% in the prior year. Backlist sales represented approximately 62% of Consumer revenues in the quarter compared with 59% in the prior-year quarter.
News Media
Revenues in the News Media segment fell 5% to $545 million, primarily due to lower advertising revenues. Adjusted revenues for the segment decreased 4% compared with the year-ago quarter.
Within the segment, revenues at News Corp Australia decreased 5% due to lower circulation revenues. News UK decreased 5% year over year due to lower advertising revenues.
Circulation and subscription revenues decreased $9 million in the reported quarter, primarily due to lower print volumes and lower digital circulation and subscription revenues at News Corp Australia due to the expiration of the Meta content licensing deal, partially offset by price increases and digital subscriber growth at News UK.
Advertising revenues decreased 5% compared with the prior year, primarily due to lower print advertising at News Corp Australia and a decline in digital advertising due to a fall in traffic at some mastheads due to platform-related changes.
Digital revenues represented 37% of News Media segment revenues in the fiscal fourth quarter compared with 36% in the prior-year quarter and represented 35% of the combined revenues of the newspaper mastheads.
As of Jun 30, 2024, The Times and Sunday Times closing digital subscribers, including the Times Literary Supplement, were 594K compared with 565K in the year-ago quarter. New York Post&#39;s digital network reached 117 million unique users in June 2024 compared with 145 million in the prior year. The Sun&#39;s digital offering reached 112 million global monthly unique users in June 2024 compared with 159 million in the prior year.
<h3>Other Financial Aspects</h3>
News Corporation ended the fiscal fourth quarter with cash and cash equivalents of $1.96 billion, borrowings of $2.9 billion and stockholder equity of $8.12 billion, excluding non-controlling interest of $891 million.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
NWSA currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Consumer Discretionary sector are GameSquare Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/game#NASDAQ">GAME</a>), H&amp;R Block (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrb#NYSE">HRB</a>) and Madison Square Garden Entertainment Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msge#NYSE">MSGE</a>), each carrying a Zacks Rank #2 (Buy) at present.
GameSquare Holdings is scheduled to report second-quarter 2024 results on Aug 14. The Zacks Consensus Estimate for GAME&#39;s loss per share has narrowed by 2 cents to 9 cents over the past 30 days.
H&amp;R Block is set to report second-quarter 2024 results on Aug 15. The Zacks Consensus Estimate for HRB&#39;s earnings is pegged at $1.71 per share, which has remained unchanged over the past 30 days.
Madison Square Garden Entertainment is slated to report second-quarter 2024 results on Aug 16. The Zacks Consensus Estimate for MSGE&#39;s loss per share is pegged at 57 cents, which has remained unchanged over the past 30 days.
<a href="https://www.zacks.com/stock/news/2320086/news-corporation-nwsa-q4-earnings-beat-revenues-rise-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2320086">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

Large Cap

Penny Stocks

Small Cap

Media

GAME

MSGE

News Corporation Q4 Earnings Beat, Revenues Rise Y/Y

WIIM

News Corporation shares are trading higher after the company reported better-than-expected Q4 financial results.

News (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwsa#NASDAQ">NWSA</a>) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.14 by 21.43 percent. The company reported quarterly sales of $2.577 billion which beat the analystNews (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.14 by 21.43 percent. The company reported quarterly sales of $2.577 billion which beat the analyst consensus estimate of $2.472 billion by 4.26 percent. This is a 5.92 percent increase over sales of $2.433 billion the same period last year.

News Q4 2024 Adj. EPS $0.17 Beats $0.14 Estimate, Sales $2.577B Beat $2.472B Estimate

News's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NYSE">NWSA</a>) short percent of float has fallen 14.71% since its last report. The company recently reported that it has 6.58 million shares sold short, which is 1.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.95 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>News Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723052723_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for News has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing News's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, News's peer group average for short interest as a percentage of float is 4.23%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About News?

ATNI

BHAT

BLMZ

CRTO

DJTWW

GROM

GXAI

ICLK

LSXMB

LUMN

NCMI

NFLX

ONFO

PALT

RBLX

SATS

SBGI

SIFY

SIRI

SNAL

SNAP

SOPA

SPOT

TGNA

TTWO

VSME

WLYB

YNDX

Shares of stocks in the broader communication services sector are trading lower as stocks sell off amid concerns over the US economy.

News (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) has outperformed the market over the past 5 years by 3.08% on an annualized basis producing an average annual return of 16.34%. Currently, News has a market capitalization of $15.74 billion. 
Buying $1000 In NWSA: If an investor had bought $1000 of NWSA stock 5 years ago, it would be worth $2,123.55 today based on a price of $27.67 for NWSA at the time of writing.
<h3>News's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722281545_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In News 5 Years Ago Would Be Worth Today

News's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NYSE">NWSA</a>) short percent of float has fallen 10.13% since its last report. The company recently reported that it has 7.72 million shares sold short, which is 2.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.89 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>News Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719855919_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for News has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing News's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, News's peer group average for short interest as a percentage of float is 4.52%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

News's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NYSE">NWSA</a>) short percent of float has fallen 8.57% since its last report. The company recently reported that it has 8.47 million shares sold short, which is 2.24% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.22 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>News Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716909320_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for News has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing News's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, News's peer group average for short interest as a percentage of float is 4.67%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into News's Recent Short Interest

Alphabet&nbsp;Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and&nbsp;Meta Platforms&nbsp;Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) have discussed licensing content with major Hollywood studios for their AI video generation software.&nbsp;
These companies are developing technology to create realistic scenes from text prompts and have offered substantial sums to partner with studios.&nbsp;
Peer&nbsp;Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) backed OpenAI&nbsp;is engaged&nbsp;in similar talks,&nbsp;Bloomberg&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-23/alphabet-meta-offer-millions-to-partner-with-hollywood-on-ai?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Hollywood studios want to use AI to cut costs but ensure their work isn&#8217;t misused. They are cautious about licensing content without control over its use.&nbsp;
Recently, Scarlett Johansson&nbsp;<a target="_blank" href="https://www.benzinga.com/general/entertainment/24/05/38989290/scarlett-johanssons-feud-with-openai-puts-a-human-face-on-hollywoods-ai-fears" rel="noreferrer noopener">demanded that OpenAI stop</a>&nbsp;using a voice resembling hers for its chatbot.
On Wednesday,&nbsp;News Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) agreed to let OpenAI use content from its publications in a deal potentially worth over $250 million over five years.&nbsp;Warner Bros. Discovery Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) is open to licensing specific programs but not its entire library.&nbsp;
Walt Disney Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and&nbsp;Netflix Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) are&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/08/33631846/disney-and-artificial-intelligence-whats-cooking" rel="noreferrer noopener">interested in other collaborations</a>&nbsp;but not licensing their content.
New AI tools, like OpenAI&#8217;s Sora and Alphabet&#8217;s Veo, promise to help filmmakers create vivid clips from text descriptions, causing excitement and anxiety in the industry.
Previously, the U.S. Big Tech companies and news publishers&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/12/36236482/googles-ai-search-a-double-edged-sword-for-publishers-like-the-atlantic" rel="noreferrer noopener">were at loggerheads</a>&nbsp;over AI&#8217;s influence, particularly regarding the unauthorized use of the latter&#8217;s content for AI training.&nbsp;
Google&#8217;s AI search bred concerns for publishers&nbsp;over&nbsp;losing a substantial portion of their Google-generated traffic.
Reports indicated Microsoft, Meta, and Alphabet&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38498886/microsoft-meta-and-alphabet-ramp-up-ai-investments-spend-over-32b-in-q1" rel="noreferrer noopener">committed over $32 billion</a>&nbsp;in AI infrastructure in the first quarter of 2024.
Price Actions: At the last check Friday, GOOGL shares traded higher by 0.52% at $174.45 premarket. META was up 0.41% at $467.70.
Photo by De Andre Bush via Unsplash

Tech

GOOG

GOOGL

Alphabet, Meta Engage Hollywood Studios in Major AI Video Licensing Deals

Activist investor Starboard Value wants to end News Corp's ($NWSA) ($NWS) dual listing structure to thwart founder Rupert Murdoch's sizable voting ...

Activist Starboard Wants to End News Corp's Dual Listing Structure

News Corp. gains as activist Starboard proposes ending dual-class structure

News Corp. gains as activist Starboard proposes ending dual-class structure (update)

Loop Capital Markets analyst Alan Gould reiterated a Buy rating on News Corp (NWSA – Research Report) today and set a price target of $39.00. The c...

Loop Capital Markets Keeps Their Buy Rating on News Corp (NWSA)

Goldman Sachs analyst Kane Hannan maintained a Buy rating on News Corporation Shs B Chess Depository Interests repr 1 Sh (NWS – Research Report) on...

Goldman Sachs Sticks to Their Buy Rating for News Corporation Shs B Chess Depository Interests repr 1 Sh (NWS)

As key Google ($GOOGL) executives begin to testify as part of the U.S. Justice Department's antitrust trial against the tech giant, some crucial in...

Google's (NASDAQ:GOOGL) Ad Exchange Fees Under Fire in U.S. Antitrust Trial

The U.S. media landscape is rapidly evolving, with digital platforms and streaming services becoming the go-to choice for millions. With the industry set to hit a massive $3.4 trillion by 2028, investors could consider adding high-growth media stocks like Netflix (NFLX), The Walt Disney (DIS), and News Corp. (NWSA) to their watchlists. Read more… The U.S. media industry is rapidly evolving, driven by the shift to digital platforms, mobile consumption, and subscription-based models. In 2023, global revenue for the entertainment and media (E&amp;M) sector surged by 5%, hitting $2.80 trillion.
Given this backdrop, investors may want to keep an eye on high-growth media stocks like Netflix, Inc. (<a href="https://stocknews.com/stock/NFLX/">NFLX</a>), The Walt Disney Company (<a href="https://stocknews.com/stock/DIS/">DIS</a>), and News Corporation (<a href="https://stocknews.com/stock/NWSA/">NWSA</a>).
A recent Forbes <a href="https://www.forbes.com/home-improvement/internet/streaming-stats/">survey</a> revealed that 99% of U.S. households now subscribe to one or more streaming services, with people spending an average of three hours and nine minutes per day consuming digital media. Such figures highlight the dominance of streaming platforms and how they've become an integral part of modern entertainment consumption.
Moreover, the shift toward over-the-top (OTT) services is expected to accelerate this year, with <a href="https://smart1marketing.com/blog/the-rise-of-ott-viewing-in-the-u.s.-a-2024-outlook">254.2 million Americans</a> projected to use these platforms. Unlike traditional TV, OTT content offers unparalleled flexibility, allowing viewers to access their favorite shows and movies on mobile devices, desktops, tablets, and more.
As media consumption increasingly shifts online, media and entertainment revenues are set to <a href="https://www.pwc.com/gx/en/issues/business-model-reinvention/outlook/insights-and-perspectives.html">surpass $3.4 trillion by 2028</a>, growing at a CAGR of 3.9%. Further, propelled by the increasing internet penetration among consumers, the online entertainment market is expected to <a href="https://www.openpr.com/news/3649005/online-entertainment-market-size-share-growth-forecast-2024#:~:text=As%20per%20the%20report%2C%20the,in%20the%20next%20few%20years.">reach $674.56 billion</a> over the next four years.
With these favorable trends in mind, let's delve into the fundamentals of the above-mentioned high-growth media stocks in detail:
Netflix, Inc. (<a href="https://stocknews.com/stock/NFLX/">NFLX</a>)
NFLX is a leading provider of entertainment services, offering a wide array of TV series, documentaries, feature films, and games across numerous genres and languages. The company enables its members to stream content on various internet-connected devices, including TVs, digital video players, set-top boxes, and mobile devices.
NFLX's trailing-12-month EBIT margin of 23.82% is 158.6% higher than the industry average of 9.21%. Likewise, the stock's trailing-12-month <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> and levered FCF margins of 19.54% and 55.22% are considerably higher than their respective industry averages of 2.95% and 8%.
For the second quarter of fiscal 2024, which ended June 30, NFLX's revenue increased 16.7% year-over-year to $9.56 billion. Its operating income rose 42.5% from the year-ago value to $2.60 billion, with an operating margin of 27.2%. Also, its net income and EPS amounted to $2.15 billion and $4.88, reflecting an increase of 44.3% and 48.3% year-over-year, respectively.
The consensus EPS estimate of $5.11 for the third quarter (ending September 2024) represents a 37.1% improvement year-over-year. The consensus revenue estimate of $9.77 billion for the current quarter represents a 14.3% increase from the same period last year. Also, it surpassed the consensus revenue estimates in three of the trailing four quarters.
Over the past three years, NFLX's EBITDA and net income have grown at 13.1% and 17.3% CAGRs, respectively. Moreover, its EPS has grown at an 18.3% CAGR over the same period.
The stock has gained 58% over the past year to close the last trading session at $686.80.
NFLX's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Quality and a B for Sentiment. Among 53 stocks in the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #19. <a href="https://stocknews.com/stock/NFLX/">Click here</a> to see the other ratings of NFLX for Growth, Value, Momentum, and Stability.
The Walt Disney Company (<a href="https://stocknews.com/stock/DIS/">DIS</a>)
DIS is a diversified worldwide entertainment company. It operates through three segments: Entertainment; Sports; and Experiences. It produces and distributes film and television video streaming content under banners like ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels.
The stock's trailing-12-month net income margin of 5.31% is 79.9% higher than the industry average of 2.95%. Further, its trailing-12-month ROCE and ROTA of 4.82% and 2.41% are 46.7% and 96.8% above the industry averages of 3.29% and 1.23%, respectively.
DIS' total revenue rose 3.7% year-over-year to $23.16 billion for the third quarter that ended June 29, 2024. Its segment operating income increased 18.7% from the year-ago value to $4.23 billion. The company's attributable net income and EPS came in at $2.62 billion and $1.44, compared to a net loss of $460 million and $0.25 per share in the prior year's quarter.
Street expects DIS' revenue and EPS for the fourth quarter (ending September 2024) to increase 5.5% and 35.9% year-over-year to $22.41 billion and $1.11, respectively. Moreover, the company topped the consensus EPS estimates in each of the trailing four quarters, which is promising.
In addition, the stock's EBITDA and net income have grown at impressive CAGRs of 29.8% and 61.9% over the past three years, respectively. Similarly, its EPS has improved at a 62.4% CAGR over the same time frame.
DIS' shares have gained 6.7% over the past year to close the last trading session at $89.30.
DIS' stance is apparent in its POWR Ratings. It has a B grade for Growth and Sentiment. In the 12-stock <a href="https://stocknews.com/category/entertainment-media-producers/">Entertainment – Media Producers</a> industry, it is ranked #7.
To see additional POWR Ratings of DIS for Value, Momentum, Stability, and Quality, <a href="https://stocknews.com/stock/DIS/">click here</a>.
News Corporation (<a href="https://stocknews.com/stock/NWSA/">NWSA</a>)
NWSA is a global media and information services company that delivers engaging content and products to consumers and businesses. It operates through six segments: Digital Real Estate Services; Subscription Video Services; Dow Jones; Book Publishing; News Media; and Others.
The stock's trailing-12-month asset turnover ratio of 0.60x is 20.5% higher than the industry average of 0.50x. Likewise, its 1.59% trailing-12-month ROTA is 29.9% above the industry average of 1.23%.
NWSA's total revenues increased 5.9% year-over-year to $2.58 billion in the fourth quarter (ended June 30, 2024), while its total segment EBITDA rose 11.4% from the year-ago value to $380 million. The company's adjusted net income amounted to $99 million, representing an increase of 25.3% from last year. Also, its adjusted EPS came in at $0.17, up 21.4% year-over-year.
Analysts expect NWSA's revenue for the second quarter (ending December 2024) to increase 2.9% year-over-year to $2.66 billion. Its EPS estimate of $0.28 for the same period indicates a 5.8% growth from the prior year quarter. The company has an impressive surprise history, as it surpassed the consensus revenue estimates in three of the trailing four quarters.
Moreover, its revenue and EBITDA have increased at CAGRs of 2.5% and 5.6% over the past three years, respectively, while its EBIT grew at 9.1% CAGR in the same period.
Over the past year, the stock has surged 24.7%, closing the last trading session at $25.96.
It's no surprise that NWSA has an overall rating of B, which equates to Buy in our proprietary rating system. It also has a B grade for Growth and is ranked first within the Entertainment - Media Producers industry.
In addition to the POWR Ratings we've stated above, we also have NWSA's ratings for Value, Momentum, Stability, Sentiment, and Quality. Get all NWSA ratings <a href="https://stocknews.com/stock/NWSA/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
NFLX shares were trading at $690.54 per share on Friday morning, up $3.74 (+0.54%). Year-to-date, NFLX has gained 41.83%, versus a 18.80% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/nflx-dis-nwsa-3-high-growth-media-stocks-to-watch-in-september/>3 High-Growth Media Stocks to Watch in September</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Growth Media Stocks to Watch in September

Charter Communications most shorted S&P 500 communications stock in August; Alphabet least shorted

Starboard asks News Corp. shareholders to vote for removal of dual-class structure at annual meeting

News Corp (NWSA) Receives a Buy from Loop Capital Markets

CHTR

PARA

TMUS

Press Releases

Real Estate

Realtor.com® Unveils the 2024 Hottest ZIP Codes in America: Midwest and Northeast ZIPs Dominate this Years List

Dow Jones Announces the Dow Jones Leadership Institute

News Corp's Move, Inc. to Participate in Goldman Sachs Communacopia + Technology Conference

Realtor.com® August Housing Report: Annual Inventory Growth Continues as For-Sale Inventory Hits Highest Levels Since May 2020

Realtor.com® Launches Renovation Designer

Starboard Value Issues Letter to News Corp Shareholders Regarding a Proposal to Eliminate the Company's Dual-Class Share Structure at the 2024 Annual Meeting

News Corp Responds to Non-Binding Stockholder Proposal

No Need to Fear Spooky Season This Year: Realtor.com Report Finds October Is This Year's Best Time to Buy

Where Is New Construction Creating Affordable Housing Options? Look to the South and the West

Realtor.com® August Rental Report: Rental Affordability Has Generally Improved In Most Major U.S. Markets

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

News

News (NWSA) Forecast

News (NASDAQ:NWSA) Stock, Quote.Headers.trade-ideas