News Corp
newscorp.comNews Corp (NASDAQ: NWSA) is a diversified media and information services company that publishes news, books, and digital real estate listings across print and digital platforms. It generates revenue through subscriptions, circulation sales, advertising, real estate listing products, licensing fees, and consumer product sales, as disclosed in its 10-K filed August 6, 2025. The company operates across five segments: Digital Real Estate Services (including Realtor.com and REA Group properties), Subscription Video Services, Dow Jones, Book Publishing (HarperCollins), and News Media. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom. HarperCollins is the second largest consumer book publisher in the world by the company's own characterization in the FY2025 10-K. The News Media segment includes The Wall Street Journal, The Times, The Sunday Times, The Sun, and the New York Post. Revenue streams are diversified across recurring subscriptions, transactional circulation, advertising, and real estate lead generation, reducing dependence on any single model.
Products & Services
Brands and products include: Dow Jones and The Wall Street Journal (subscription news and data), Realtor.com (digital real estate search and advertising, operated by Move), REA Group digital property platforms (Australia), HarperCollins books (imprints include Harper, William Morrow, Avon, Harlequin, Zondervan, Thomas Nelson, and HarperCollins Children's Books), The Times and The Sunday Times (UK subscription newspapers), The Sun (UK tabloid), and the New York Post (U.S. tabloid, oldest continuously published daily newspaper in the country). Realtor.com advertising products include RealPRO Select, Connections Plus, Listing Toolkit, ReadyConnect Concierge, and RealChoice Selling.
Revenue Model
News Corp earns revenue through recurring subscriptions (digital and print), single-copy circulation sales, advertising sales, real estate listing and lead generation products sold to agents and brokers, referral-based commissions, licensing fees to technology and AI platforms, and consumer book sales. The Digital Real Estate Services segment sells listing products, display advertising, and mortgage broking services. HarperCollins generates revenue from book sales across 15 countries. Licensing and partnership arrangements with large technology companies represent a growing revenue stream, as noted in the FY2025 10-K.
Customers & Markets
End markets include individual news and information subscribers, real estate agents, brokers, developers, homebuilders, and landlords purchasing listing and lead generation products, book buyers and library systems, advertisers across print and digital properties, and financial sector clients purchasing residential property data services. The Digital Real Estate Services segment serves consumers seeking property search as well as do-it-yourself landlords and tenants. As of the three months ended June 30, 2025, The Times had 640,000 digital paid subscribers and The Sun reached 87 million monthly global unique users.
Geographic Exposure
News Corp operates primarily in the United States, Australia, and the United Kingdom, as stated in the FY2025 10-K. HarperCollins has publishing operations in 15 countries. The New York Post print edition distributes primarily in New York and across the Northeast, Florida, and California.
Financial Snapshot
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