News Corporation (NWSLV.AX) Q3 2025 Earnings Report

News Corporation reported QQ3 2025 revenue of $2.009 billion, a modest year-over-year gain of 0.75% but a material sequential decline of 10.23% against the prior quarter. The quarter delivered EBITDA of $290 million and operating income of $176 million, with net income of $103 million and basic EPS of $0.18. Strong cash flow generation supported a cash balance of $2.171 billion at quarter end and a net debt position of $0.828 billion, underscoring the company’s liquidity and balance-sheet resilience despite revenue cyclicality.

Operating performance benefited from disciplined cost management and a favorable mix in higher-margin segments, while the balance sheet remained robust with current assets of $6.841 billion and current liabilities of $4.081 billion, yielding a healthy liquidity profile (current ratio 1.68, quick ratio 1.60). Free cash flow reached $485 million, underscoring durable cash generation even as near-term revenue faced seasonality and ad-market headwinds. Management’s capital-allocation actions included a modest share repurchase (~$36 million) and continued dividends, highlighting a commitment to per-share value creation. Looking ahead, the business appears well-positioned to leverage its Dow Jones and other information-services franchises and subscription-driven cash flows, though investors should monitor advertising cyclicality, content costs, and macro pressures affecting advertising demand.