What is the primary revenue source for News Corp Class A (NWSA)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze NWSA's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out News Corp Class A's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How News Corp Class A Makes Money: NWSA Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Revenue: USD 6.69B
Largest revenue segment share (Circulation And Subscription): 35.62%
Selling, general and administrative: USD 2.59B
Income tax expense: USD 255.00M

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

Income tax expenseIncome tax expense · IncomeTaxExpenseBenefit
Largest revenue segment share (Circulation And Subscription)Circulation And Subscription · segment_value / revenue * 100
RevenueTotal revenues · Revenues
Selling, general and administrativeSelling, general and administrative expense · SellingGeneralAndAdministrativeExpense

Assets

Where is the money tied up, and how is the company financed?

Steady

The company has a net cash position and relies primarily on its own capital.

Goodwill: USD 4.49B
Cash and cash equivalents: USD 2.17B
Accounts receivable: USD 1.78B
Shareholder equity: USD 9.28B

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

Shareholder equityTotal equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Cash and cash equivalentsCash and cash equivalents · CashAndCashEquivalentsAtCarryingValue
GoodwillGoodwill · Goodwill
Accounts receivableReceivables, net · AccountsReceivableNetCurrent

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 206.85% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 394.00M
Operating cash flow: USD 815.00M
Cash conversion: 206.85%
Free cash flow: USD 535.00M

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

Net incomeNet income attributable to news corporation stockholders · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Watch

Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Cash dividends: USD 149.00M
Share repurchases: USD 456.00M
Net shareholder return: USD 605.00M

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

Cash dividendsPayments of dividends · PaymentsOfDividends · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?