News Corporation (NWSLV.AX) Q2 2025 Earnings Report

News Corporation delivered QQ2 2025 revenue of $2.238 billion, up 4.8% year over year but down 13.2% from the prior quarter, reflecting seasonality and segment mix within the company’s diversified portfolio. EBITDA of $546 million yielded an EBITDA margin of approximately 24.4%, while operating income reached $365 million (operating margin ~16.3%), and net income was $215 million (net margin ~9.6%), or $0.38 per share. The quarter underscored the persistence of a high-quality cash-generating engine, with operating cash flow of $304 million and free cash flow of $242 million, contributing to a cash balance of $1.846 billion and a net debt position of about $1.172 billion at quarter‑end.

The balance sheet remains robust: total assets of roughly $16.16 billion and total stockholders’ equity of about $8.15 billion, supported by liquidity metrics including a current ratio of 1.73 and a cash ratio of 0.47. The company continued a conservative capital allocation stance, with dividends paid of $57 million and a $40 million share repurchase during the period, signaling confidence in cash flow generation and a willingness to return capital to shareholders.

Looking ahead, management did not publish formal forward guidance in the available materials. Nonetheless, the trajectory suggests resilient earnings power anchored by Dow Jones and Subscription Video Services, alongside ongoing cost discipline and potential optionality from Digital Real Estate Services. The key near-term risks include a softer advertising environment and competition in the subscription and streaming space, while upside could arise from stronger monetization of high-margin information services and continued efficiency gains.