News Corporation

NWSLV.AX

Publishing · Communication Services

Price

A$41.20

+0.20 (+0.49%)

Market Cap

A$22.30B

Exchange

Australian Securities Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Weak

Cash Flow

Strong

Stability

Exceptional

Valuation

Weak

Dividends

Good

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Share count falling — buybacks

−5.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 593.4M (2022) → 558.4M (2026)

Winston Score History

The full picture

News Corporation is a global media and information services company. It owns well-known brands including The Wall Street Journal, the New York Post, and HarperCollins Publishers, as well as real estate websites like Realtor.com. The company serves readers, advertisers, home buyers, and book lovers across news, publishing, and property information markets.

News Corp makes money through a mix of digital and print subscriptions, advertising, book sales, and data licensing fees. It operates mainly in the United States, Australia, and the United Kingdom, with annual revenues of roughly $10 billion. The company's moat comes from its strong brand names and loyal subscriber bases, particularly at Dow Jones, which owns The Wall Street Journal. The key growth driver is the shift toward digital subscriptions, but the main risk is the ongoing decline of print advertising revenue, which continues to shrink across the entire newspaper industry.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+10.8% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-74.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

100.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$3.1B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

News Corporation is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

100.0%

Premium pricing power — 100.0% gross margin

Profit after running costs

Operating Margin

12.6%

Healthy — 12.6% operating margin

Return on the money invested

ROCE

10.9%

Below par — 10.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+1.3%

Nearly flat sales (+1.3% YoY)

Profit growth

EPS YoY

-50.0%

Earnings shrinking (-50.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

218%

Turns 218% of profit into real cash

Spare cash per sale

FCF Margin

9.1%

Modest free cash flow (9.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

0.23

Conservative — low debt load (0.23)

Covers its interest

Interest Cover

191.11x

Comfortably covers interest (191.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

39.6x

Pricey — P/E 39.6

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

0.68%

Small dividend — 0.68% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+17.2%

Dividend growing fast (17.2% YoY)

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