News Corp reported higher revenue in its fiscal second quarter ended Dec. 31, 2025, driven by growth across its Dow Jones, HarperCollins book publishing, and digital real-estate services divisions, slightly beating Wall Street expectations.
The company posted total revenue of $2.36 billion, up 6% (or 5.5% in some reports) from the prior year, with segment EBITDA rising 9% to $521 million. Adjusted earnings per share came in at 40 cents, surpassing analysts' consensus estimate of 37 cents.
CEO Robert Thomson highlighted a positive outlook, stating the company sees “favorable signs for the second half of our fiscal year.”
Key divisional gains included:
- Dow Jones (publisher of The Wall Street Journal, MarketWatch, and Barron’s): Revenue rose 8% to $648 million, with segment earnings up 10% to $191 million. Advertising revenue increased 10%, led by 12% growth in digital ads. Digital-only WSJ subscriptions grew to 4.29 million from 4.22 million the prior quarter, while total subscriptions (including print) averaged 4.68 million, up from 4.61 million.
- HarperCollins Publishers: Revenue increased 6% to $633 million, boosted by top titles such as “Wicked: The Official Visual Companion” by Gregory Maguire and “How to Test Negative for Stupid” by Sen. John Kennedy (R., La.).
- Digital real-estate services: Revenue climbed 8% to $511 million, with segment earnings up 11% to $206 million.
The results reflect continued strength in digital subscriptions, advertising recovery at Dow Jones, and resilience in real-estate and book publishing amid broader media industry challenges.