NEWS CORP REPURCHASES $203.9M IN SHARES

By Hao Liu • Monday, June 22 10:52 • Permanent Link

News Corp has stepped up repurchases under its 2025 buy-back program, with the latest daily filing showing 8,120,492 shares bought in the prior period for US$203.9 million, alongside another 76,679 shares for US$1.97 million on the most recent day.

That brings total repurchases under the program to about US$317.1 million so far, leaving roughly US$682.9 million of the US$1 billion authorization still available. The company said the program covers Nasdaq-listed Class A and Class B common stock, not ASX-listed CDIs.

The filing also shows the pace of buying has been active over the period: the highest price paid was US$27.60, while the lowest price paid was US$22.20. The most recent day’s shares were acquired at US$25.89, compared with US$25.24 on the prior day.

News Corp reported 362,171,045 shares on issue in the relevant class. The company said Goldman Sachs & Co. LLC is acting as broker for the buy-back. Following these announcements, the company's shares moved -0.81%, and are now trading at a price of $25.075. For the full picture, make sure to review NEWS CORP's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.