News Corporation Announces Updates on \$1 Billion Stock Repurchase Program

Key Points:

• News Corporation (“the Company”) is actively executing its stock repurchase program, authorizing the purchase of up to \$1 billion in aggregate of Class A and Class B common stock.
• Daily disclosures are required under Australian Securities Exchange (ASX) rules, and details are provided to ASX and included in quarterly and annual reports.
• Recent buy-back activities included purchases of 2,634,420 shares of Class A common stock and 30,471 shares of Class B common stock at a price of US\$26.18 per share (Class A) on April 24, 2026.
• The buy-back is facilitated through Goldman Sachs & Co. LLC as the broker.
• The stated reason for the buy-back is to enhance shareholder value.
• No minimum number of shares is required for repurchase, but the company has indicated a maximum number aligned with the \$1 billion authorization.
• No shareholder approval is required for this buy-back, and there are no additional conditions before the buy-back offer becomes unconditional.
• Forward-looking statements are included regarding the Company’s intent to continue repurchases, and these are subject to risks including market conditions, stock price changes, securities laws, and alternative investment opportunities.

Details Investors Must Know:

• This repurchase program is substantial and represents a significant return of capital to shareholders, which could positively affect share value by reducing the total shares outstanding and potentially increasing earnings per share (EPS).
• The buy-back activity may support or boost News Corp’s share price, especially if market participants interpret the move as management’s confidence in the company’s future and undervaluation of the shares.
• The Company is not obligated to repurchase any minimum number of shares, but will not exceed the stated \$1 billion cap.
• The buy-back is being executed on-market, meaning purchases are made in the open market, allowing flexibility in timing and price.
• Further buy-back actions may occur “from time to time,” and investors should monitor ongoing disclosures for additional repurchases.
• Goldman Sachs & Co. LLC has been appointed as the broker for these buy-back transactions, which could provide efficiency and market expertise.
• The Company emphasizes that the buy-back is intended to enhance shareholder value, which is a direct statement of benefit to investors.
• There are no solicitation materials, written communications, or pre-commencement tender offers associated with this filing.
• The Company is not classified as an “emerging growth company,” making it subject to full accounting and disclosure standards.

Potential Price Sensitive Information:

• The scale of the buy-back (\$1 billion, recent purchases at a set price) may be interpreted by the market as a signal of management confidence and commitment to shareholder value.
• Shareholders should note that actual repurchases depend on market conditions and management discretion, and the program could be adjusted or suspended based on these factors.
• Forward-looking statements indicate ongoing buy-back intent, but actual results may vary materially due to market volatility, regulatory changes, and company performance.

Other Notable Details:

• Class A shares trade under the symbol NWSA and Class B shares under NWS on NASDAQ.
• As of the latest report, there are 364,533,165 Class A shares and 141,138,786 Class B shares outstanding.
• Daily buy-back notifications are required by ASX and are made public.

Conclusion:

News Corporation’s ongoing \$1 billion stock repurchase program is a significant corporate action aimed at enhancing shareholder value. The daily buy-back disclosures and recent transactions at a set price could be interpreted as management’s confidence in the company’s future and its share valuation. Investors should monitor further buy-back activity and consider the potential positive impact on share price and metrics such as EPS. However, the program’s execution depends on market conditions and is subject to change.

Disclaimer:
This article is based on information disclosed by News Corporation in its SEC and ASX filings as of April 27, 2026. Forward-looking statements are subject to risks, uncertainties, and changes in circumstances. This article does not constitute investment advice. Investors should consult their own advisors and review official filings for the most current information.

View NEWS CORP Historical chart here