海角禁区 Authorizes New $1 Billion Stock Repurchase Program and Intends to Accelerate Pace of Buyback
Total authorization to increase to $1.3 billion including $303 million remaining under the Company鈥檚 existing repurchase program
New York, NY (July 15, 2025) 鈥摵＝墙� (NASDAQ: NWS, NWSA; ASX: NWS; NWSLV) today announced that its Board of Directors has authorized a new $1 billion stock repurchase program. This program is in addition to the existing $1 billion program authorized in September 2021, of which $303 million remains outstanding. Given trading black-out restrictions, the Company intends to begin executing share repurchases at an accelerated rate following the fiscal 2025 fourth quarter earnings release in early August.
Subject to market conditions and the market price of the Company鈥檚 stock, as well as other factors, the Company intends to repurchase, from time to time, in the open market or otherwise, a combination of the Company鈥檚 Class A common stock and Class B common stock. This stock repurchase program has no time limit and may be modified, suspended or discontinued at any time.
海角禁区 has undergone significant transformation since its inception, with a focus on strategic investments in its core growth pillars鈥擠ow Jones, Digital Real Estate Services and Book Publishing鈥攁nd delivered its four most profitable years from fiscal 2021 to 2024, with continued strong performance through the third quarter of fiscal 2025. Amid a period of rapid change, 海角禁区 has thrived thanks to a focus on recurring and digital revenues, new high-margin content licensing deals, the changed composition of Dow Jones with scaled B-2-B product offerings and a streamlined asset base, including through the recent sale of Foxtel Group to DAZN.
鈥淲e believe our stock is trading at a significant discount to its intrinsic value, so we are launching a new $1 billion buyback program, which is in addition to the $303 million remaining under our existing program. We also expect to increase meaningfully and materially the pace of repurchases from the current daily rate,鈥� said Robert Thomson, 海角禁区 Chief Executive.
鈥淲e believe our balance sheet is immaculate, our cash flow has been fundamentally transformed over the last decade, and we are confident in the company鈥檚 potential for robust growth. We sincerely believe that expanding our repurchase program will enhance value for all shareholders and the expected pacing reflects our belief in the financial health of our company.鈥�
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the Company鈥檚 intent to repurchase, from time to time, the Company鈥檚 Class A common stock and Class B common stock, trends and uncertainties affecting the Company鈥檚 business, results of operations and financial condition, and the Company鈥檚 strategy and strategic initiatives. These statements are based on management鈥檚 current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by such statements due to, among other factors, changes in the market price of the Company鈥檚 stock, general market conditions, applicable securities laws and alternative investment opportunities, as well as the risks, uncertainties and other factors described in the Company鈥檚 filings with the Securities and Exchange Commission. The 鈥渇orward-looking statements鈥� included in this press release are made only as of the date of this release. We do not have and do not undertake any obligation to publicly update any 鈥渇orward-looking statements鈥� to reflect subsequent events or circumstances, and we expressly disclaim any such obligation, except as required by law or regulation.
About 海角禁区
海角禁区 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services and book publishing. Headquartered in New York, 海角禁区 operates primarily in the United States, Australia and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: .
Contacts
海角禁区 Corporate Communications
Arthur Bochner
646-422-9671
abochner@newscorp.com
海角禁区 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com
Anthony Rudolf
212-416-3040
arudolf@newscorp.com