News Corporation has recently released its 10-K report for the fiscal year ended June 30, 2025. The company, a global diversified media and information services organization, operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. News Corporation's products and services include authoritative content such as The Wall Street Journal, Barron's, MarketWatch, and various newspapers, websites, mobile apps, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
Within the 10-K report, in the "Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations,” the company provides an overview of its businesses, including developments during fiscal years 2025 and 2024, and a discussion of its results of operations. The report also delves into the company's liquidity and capital resources, as well as critical accounting policies and estimates.
The report details how the company manages and reports its businesses across five segments. For instance, the Dow Jones segment consists of Dow Jones, a global provider of news and business information distributed through various media channels. The Digital Real Estate Services segment includes the company’s interests in REA Group and Move, specializing in digital real estate services in Australia and the U.S. The Book Publishing segment comprises HarperCollins, a leading consumer book publisher with operations in 15 countries. The News Media segment includes News Corp Australia, News UK, the New York Post, and other media outlets. Lastly, the Other segment includes general corporate overhead expenses, strategy costs, and costs related to the U.K. Newspaper Matters.
The report highlights the revenue sources and competition within each segment. For instance, the Dow Jones segment's revenue is derived primarily from circulation, advertising, and licensing fees, with competition from various media sources and technologies. Similarly, the Digital Real Estate Services segment generates revenue through property advertising and services, with sensitivity to real estate market conditions and macroeconomic factors.
The market has reacted to these announcements by moving the company's shares -0.75% to a price of $29.29. For more information, read the company's full 10-K submission here.
