News Corp Spends $240.2M on Buybacks

By Bobby Samwell • Monday, July 20 13:03 • Permanent Link

News Corporation said it had spent US$240.2 million buying back 9.51 million shares in the latest reporting period, lifting total repurchases under its 2025 program to about US$372.3 million.

The company disclosed that 62,323 shares were repurchased on 17 July 2026 for US$1.78 million. The average price in that latest batch works out to about US$28.47 a share, versus roughly US$25.27 a share across the larger prior cumulative purchases.

During the earlier period, News bought back 9.51 million shares for US$240.24 million. The highest price paid in the program was US$28.68 a share on 16 July 2026, while the lowest price paid was US$22.20 a share on 9 February 2026.

News said the repurchase program authorizes up to US$1 billion of Class A and Class B stock. Based on the company’s own tally, it has now used about 37.2% of that authorization, leaving roughly US$627.7 million available. The program covers Nasdaq-listed Class A and Class B common stock, with no ASX-listed CDIs included. As a result of these announcements, the company's shares have moved 0.42% on the market, and are now trading at a price of $28.55. Check out the company's full 8-K submission here.

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.