新聞集團提交10-K年報 道瓊斯收益近25億美元 數碼訂閱突破625萬

nws-20260630false2026FY0001564708P1Y11http://fasb.org/us-gaap/2026#RestructuringSettlementAndImpairmentProvisionshttp://fasb.org/us-gaap/2026#RestructuringSettlementAndImpairmentProvisionshttp://fasb.org/us-gaap/2026#RestructuringSettlementAndImpairmentProvisionsP1Yhttp://fasb.org/us-gaap/2026#OtherNonoperatingIncomeExpensehttp://fasb.org/us-gaap/2026#OtherNonoperatingIncomeExpensehttp://xbrl.sec.gov/country/2026#UShttp://fasb.org/us-gaap/2026#OtherLiabilitiesCurrenthttp://fasb.org/us-gaap/2026#OtherLiabilitiesCurrentiso4217:USDxbrli:sharesiso4217:USDxbrli:sharesxbrli:purenws:extensioniso4217:AUDnws:votenws:segmentnws:countrynws:brand00015647082025-07-012026-06-300001564708us-gaap:CommonClassAMember2025-07-012026-06-300001564708us-gaap:CommonClassBMember2025-07-012026-06-300001564708us-gaap:CommonClassAMember2025-12-260001564708us-gaap:CommonClassBMember2025-12-260001564708us-gaap:CommonClassAMember2026-07-310001564708us-gaap:CommonClassBMember2026-07-310001564708nws:CirculationAndSubscriptionMember2025-07-012026-06-300001564708nws:CirculationAndSubscriptionMember2024-07-012025-06-300001564708nws:CirculationAndSubscriptionMember2023-07-012024-06-300001564708us-gaap:AdvertisingMember2025-07-012026-06-300001564708us-gaap:AdvertisingMember2024-07-012025-06-300001564708us-gaap:AdvertisingMember2023-07-012024-06-300001564708nws:ConsumerMember2025-07-012026-06-300001564708nws:ConsumerMember2024-07-012025-06-300001564708nws:ConsumerMember2023-07-012024-06-300001564708us-gaap:RealEstateMember2025-07-012026-06-300001564708us-gaap:RealEstateMember2024-07-012025-06-300001564708us-gaap:RealEstateMember2023-07-012024-06-300001564708nws:OtherProductOrServiceMember2025-07-012026-06-300001564708nws:OtherProductOrServiceMember2024-07-012025-06-300001564708nws:OtherProductOrServiceMember2023-07-012024-06-3000015647082024-07-012025-06-3000015647082023-07-012024-06-3000015647082026-06-3000015647082025-06-300001564708us-gaap:CommonClassAMember2026-06-300001564708us-gaap:CommonClassAMember2025-06-300001564708us-gaap:CommonClassBMember2026-06-300001564708us-gaap:CommonClassBMember2025-06-3000015647082024-06-3000015647082023-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassAMember2023-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassBMember2023-06-300001564708us-gaap:AdditionalPaidInCapitalMember2023-06-300001564708us-gaap:RetainedEarningsMember2023-06-300001564708us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300001564708us-gaap:ParentMember2023-06-300001564708us-gaap:NoncontrollingInterestMember2023-06-300001564708us-gaap:RetainedEarningsMember2023-07-012024-06-300001564708us-gaap:ParentMember2023-07-012024-06-300001564708us-gaap:NoncontrollingInterestMember2023-07-012024-06-300001564708us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012024-06-300001564708us-gaap:AdditionalPaidInCapitalMember2023-07-012024-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassAMember2023-07-012024-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassBMember2023-07-012024-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassAMember2024-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassBMember2024-06-300001564708us-gaap:AdditionalPaidInCapitalMember2024-06-300001564708us-gaap:RetainedEarningsMember2024-06-300001564708us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300001564708us-gaap:ParentMember2024-06-300001564708us-gaap:NoncontrollingInterestMember2024-06-300001564708us-gaap:RetainedEarningsMember2024-07-012025-06-300001564708us-gaap:ParentMember2024-07-012025-06-300001564708us-gaap:NoncontrollingInterestMember2024-07-012025-06-300001564708us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-07-012025-06-300001564708us-gaap:AdditionalPaidInCapitalMember2024-07-012025-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassAMember2024-07-012025-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassBMember2024-07-012025-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassAMember2025-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassBMember2025-06-300001564708us-gaap:AdditionalPaidInCapitalMember2025-06-300001564708us-gaap:RetainedEarningsMember2025-06-300001564708us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-300001564708us-gaap:ParentMember2025-06-300001564708us-gaap:NoncontrollingInterestMember2025-06-300001564708us-gaap:RetainedEarningsMember2025-07-012026-06-300001564708us-gaap:ParentMember2025-07-012026-06-300001564708us-gaap:NoncontrollingInterestMember2025-07-012026-06-300001564708us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-07-012026-06-300001564708us-gaap:AdditionalPaidInCapitalMember2025-07-012026-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassAMember2025-07-012026-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassBMember2025-07-012026-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassAMember2026-06-300001564708us-gaap:CommonStockMemberus-gaap:CommonClassBMember2026-06-300001564708us-gaap:AdditionalPaidInCapitalMember2026-06-300001564708us-gaap:RetainedEarningsMember2026-06-300001564708us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-06-300001564708us-gaap:ParentMember2026-06-300001564708us-gaap:NoncontrollingInterestMember2026-06-300001564708nws:REAGroupLimitedMember2026-06-300001564708nws:REAGroupLimitedMember2025-06-300001564708srt:MinimumMember2026-06-300001564708srt:MaximumMember2026-06-300001564708us-gaap:SoftwareAndSoftwareDevelopmentCostsMembersrt:MinimumMember2026-06-300001564708us-gaap:SoftwareAndSoftwareDevelopmentCostsMembersrt:MaximumMember2026-06-300001564708srt:MinimumMember2025-07-012026-06-300001564708srt:MaximumMember2025-07-012026-06-300001564708us-gaap:SegmentDiscontinuedOperationsMembernws:FoxtelMember2024-07-012025-06-300001564708us-gaap:SegmentDiscontinuedOperationsMembernws:FoxtelMember2023-07-012024-06-300001564708nws:CirculationAndSubscriptionMembernws:DowJonesSegmentMember2025-07-012026-06-300001564708nws:CirculationAndSubscriptionMembernws:DigitalRealEstateServicesSegmentMember2025-07-012026-06-300001564708nws:CirculationAndSubscriptionMembernws:BookPublishingSegmentMember2025-07-012026-06-300001564708nws:CirculationAndSubscriptionMembernws:NewsAndInformationServicesSegmentMember2025-07-012026-06-300001564708us-gaap:AdvertisingMembernws:DowJonesSegmentMember2025-07-012026-06-300001564708us-gaap:AdvertisingMembernws:DigitalRealEstateServicesSegmentMember2025-07-012026-06-300001564708us-gaap:AdvertisingMembernws:BookPublishingSegmentMember2025-07-012026-06-300001564708us-gaap:AdvertisingMembernws:NewsAndInformationServicesSegmentMember2025-07-012026-06-300001564708nws:ConsumerMembernws:DowJonesSegmentMember2025-07-012026-06-300001564708nws:ConsumerMembernws:DigitalRealEstateServicesSegmentMember2025-07-012026-06-300001564708nws:ConsumerMembernws:BookPublishingSegmentMember2025-07-012026-06-300001564708nws:ConsumerMembernws:NewsAndInformationServicesSegmentMember2025-07-012026-06-300001564708us-gaap:RealEstateMembernws:DowJonesSegmentMember2025-07-012026-06-300001564708us-gaap:RealEstateMembernws:DigitalRealEstateServicesSegmentMember2025-07-012026-06-300001564708us-gaap:RealEstateMembernws:BookPublishingSegmentMember2025-07-012026-06-300001564708us-gaap:RealEstateMembernws:NewsAndInformationServicesSegmentMember2025-07-012026-06-300001564708nws:OtherProductOrServiceMembernws:DowJonesSegmentMember2025-07-012026-06-300001564708nws:OtherProductOrServiceMembernws:DigitalRealEstateServicesSegmentMember2025-07-012026-06-300001564708nws:OtherProductOrServiceMembernws:BookPublishingSegmentMember2025-07-012026-06-300001564708nws:OtherProductOrServiceMembernws:NewsAndInformationServicesSegmentMember2025-07-012026-06-300001564708nws:DowJonesSegmentMember2025-07-012026-06-300001564708nws:DigitalRealEstateServicesSegmentMember2025-07-012026-06-300001564708nws:BookPublishingSegmentMember2025-07-012026-06-300001564708nws:NewsAndInformationServicesSegmentMember2025-07-012026-06-300001564708nws:CirculationAndSubscriptionMembernws:DowJonesSegmentMember2024-07-012025-06-300001564708nws:CirculationAndSubscriptionMembernws:DigitalRealEstateServicesSegmentMember2024-07-012025-06-300001564708nws:CirculationAndSubscriptionMembernws:BookPublishingSegmentMember2024-07-012025-06-300001564708nws:CirculationAndSubscriptionMembernws:NewsAndInformationServicesSegmentMember2024-07-012025-06-300001564708us-gaap:AdvertisingMembernws:DowJonesSegmentMember2024-07-012025-06-300001564708us-gaap:AdvertisingMembernws:DigitalRealEstateServicesSegmentMember2024-07-012025-06-300001564708us-gaap:AdvertisingMembernws:BookPublishingSegmentMember2024-07-012025-06-300001564708us-gaap:AdvertisingMembernws:NewsAndInformationServicesSegmentMember2024-07-012025-06-300001564708nws:ConsumerMembernws:DowJonesSegmentMember2024-07-012025-06-300001564708nws:ConsumerMembernws:DigitalRealEstateServicesSegmentMember2024-07-012025-06-300001564708nws:ConsumerMembernws:BookPublishingSegmentMember2024-07-012025-06-300001564708nws:ConsumerMembernws:NewsAndInformationServicesSegmentMember2024-07-012025-06-300001564708us-gaap:RealEstateMembernws:DowJonesSegmentMember2024-07-012025-06-300001564708us-gaap:RealEstateMembernws:DigitalRealEstateServicesSegmentMember2024-07-012025-06-300001564708us-gaap:RealEstateMembernws:BookPublishingSegmentMember2024-07-012025-06-300001564708us-gaap:RealEstateMembernws:NewsAndInformationServicesSegmentMember2024-07-012025-06-300001564708nws:OtherProductOrServiceMembernws:DowJonesSegmentMember2024-07-012025-06-300001564708nws:OtherProductOrServiceMembernws:DigitalRealEstateServicesSegmentMember2024-07-012025-06-300001564708nws:OtherProductOrServiceMembernws:BookPublishingSegmentMember2024-07-012025-06-300001564708nws:OtherProductOrServiceMembernws:NewsAndInformationServicesSegmentMember2024-07-012025-06-300001564708nws:DowJonesSegmentMember2024-07-012025-06-300001564708nws:DigitalRealEstateServicesSegmentMember2024-07-012025-06-300001564708nws:BookPublishingSegmentMember2024-07-012025-06-300001564708nws:NewsAndInformationServicesSegmentMember2024-07-012025-06-300001564708nws:CirculationAndSubscriptionMembernws:DowJonesSegmentMember2023-07-012024-06-300001564708nws:CirculationAndSubscriptionMembernws:DigitalRealEstateServicesSegmentMember2023-07-012024-06-300001564708nws:CirculationAndSubscriptionMembernws:BookPublishingSegmentMember2023-07-012024-06-300001564708nws:CirculationAndSubscriptionMembernws:NewsAndInformationServicesSegmentMember2023-07-012024-06-300001564708us-gaap:AdvertisingMembernws:DowJonesSegmentMember2023-07-012024-06-300001564708us-gaap:AdvertisingMembernws:DigitalRealEstateServicesSegmentMember2023-07-012024-06-300001564708us-gaap:AdvertisingMembernws:BookPublishingSegmentMember2023-07-012024-06-300001564708us-gaap:AdvertisingMembernws:NewsAndInformationServicesSegmentMember2023-07-012024-06-300001564708nws:ConsumerMembernws:DowJonesSegmentMember2023-07-012024-06-300001564708nws:ConsumerMembernws:DigitalRealEstateServicesSegmentMember2023-07-012024-06-300001564708nws:ConsumerMembernws:BookPublishingSegmentMember2023-07-012024-06-300001564708nws:ConsumerMembernws:NewsAndInformationServicesSegmentMember2023-07-012024-06-300001564708us-gaap:RealEstateMembernws:DowJonesSegmentMember2023-07-012024-06-300001564708us-gaap:RealEstateMembernws:DigitalRealEstateServicesSegmentMember2023-07-012024-06-300001564708us-gaap:RealEstateMembernws:BookPublishingSegmentMember2023-07-012024-06-300001564708us-gaap:RealEstateMembernws:NewsAndInformationServicesSegmentMember2023-07-012024-06-300001564708nws:OtherProductOrServiceMembernws:DowJonesSegmentMember2023-07-012024-06-300001564708nws:OtherProductOrServiceMembernws:DigitalRealEstateServicesSegmentMember2023-07-012024-06-300001564708nws:OtherProductOrServiceMembernws:BookPublishingSegmentMember2023-07-012024-06-300001564708nws:OtherProductOrServiceMembernws:NewsAndInformationServicesSegmentMember2023-07-012024-06-300001564708nws:DowJonesSegmentMember2023-07-012024-06-300001564708nws:DigitalRealEstateServicesSegmentMember2023-07-012024-06-300001564708nws:BookPublishingSegmentMember2023-07-012024-06-300001564708nws:NewsAndInformationServicesSegmentMember2023-07-012024-06-3000015647082026-07-012026-06-3000015647082027-07-012026-06-3000015647082028-07-012026-06-3000015647082029-07-012026-06-300001564708us-gaap:OneTimeTerminationBenefitsMember2023-06-300001564708us-gaap:OtherRestructuringMember2023-06-300001564708us-gaap:OneTimeTerminationBenefitsMember2023-07-012024-06-300001564708us-gaap:OtherRestructuringMember2023-07-012024-06-300001564708us-gaap:OneTimeTerminationBenefitsMember2024-06-300001564708us-gaap:OtherRestructuringMember2024-06-300001564708us-gaap:OneTimeTerminationBenefitsMember2024-07-012025-06-300001564708us-gaap:OtherRestructuringMember2024-07-012025-06-300001564708us-gaap:OneTimeTerminationBenefitsMember2025-06-300001564708us-gaap:OtherRestructuringMember2025-06-300001564708us-gaap:OneTimeTerminationBenefitsMember2025-07-012026-06-300001564708us-gaap:OtherRestructuringMember2025-07-012026-06-300001564708us-gaap:OneTimeTerminationBenefitsMember2026-06-300001564708us-gaap:OtherRestructuringMember2026-06-300001564708nws:BuildingAndLeaseholdImprovementsMembersrt:MinimumMember2026-06-300001564708nws:BuildingAndLeaseholdImprovementsMembersrt:MaximumMember2026-06-300001564708us-gaap:MachineryAndEquipmentMembersrt:MinimumMember2026-06-300001564708us-gaap:MachineryAndEquipmentMembersrt:MaximumMember2026-06-300001564708us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2026-06-300001564708us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2025-06-300001564708us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2025-07-012026-06-300001564708us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2024-07-012025-06-300001564708us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2023-07-012024-06-300001564708us-gaap:TrademarksAndTradeNamesMember2026-06-300001564708us-gaap:TrademarksAndTradeNamesMember2025-06-300001564708nws:NewspaperMastheadsMember2026-06-300001564708nws:NewspaperMastheadsMember2025-06-300001564708nws:ImprintsMember2026-06-300001564708nws:ImprintsMember2025-06-300001564708nws:RadioBroadcastingLicensesMember2026-06-300001564708nws:RadioBroadcastingLicensesMember2025-06-300001564708nws:PublishingRightsMember2026-06-300001564708nws:PublishingRightsMember2025-06-300001564708us-gaap:CustomerRelationshipsMember2026-06-300001564708us-gaap:CustomerRelationshipsMember2025-06-300001564708us-gaap:OtherIntangibleAssetsMember2026-06-300001564708us-gaap:OtherIntangibleAssetsMember2025-06-300001564708srt:MinimumMembernws:PublishingRightsMember2026-06-300001564708srt:MaximumMembernws:PublishingRightsMember2026-06-300001564708srt:MinimumMemberus-gaap:CustomerRelationshipsMember2026-06-300001564708srt:MaximumMemberus-gaap:CustomerRelationshipsMember2026-06-300001564708srt:MinimumMemberus-gaap:OtherIntangibleAssetsMember2026-06-300001564708srt:MaximumMemberus-gaap:OtherIntangibleAssetsMember2026-06-300001564708nws:DowJonesSegmentMember2024-06-300001564708nws:DigitalRealEstateServicesSegmentMember2024-06-300001564708nws:BookPublishingSegmentMember2024-06-300001564708nws:NewsAndInformationServicesSegmentMember2024-06-300001564708nws:DowJonesSegmentMember2025-06-300001564708nws:DigitalRealEstateServicesSegmentMember2025-06-300001564708nws:BookPublishingSegmentMember2025-06-300001564708nws:NewsAndInformationServicesSegmentMember2025-06-300001564708nws:DowJonesSegmentMember2026-06-300001564708nws:DigitalRealEstateServicesSegmentMember2026-06-300001564708nws:BookPublishingSegmentMember2026-06-300001564708nws:NewsAndInformationServicesSegmentMember2026-06-300001564708nws:OtherThanImpairedReportingUnitsMembersrt:MinimumMember2025-07-012026-06-300001564708nws:OtherThanImpairedReportingUnitsMembersrt:MaximumMember2025-07-012026-06-300001564708nws:OtherThanImpairedReportingUnitsMembersrt:MinimumMember2024-07-012025-06-300001564708nws:OtherThanImpairedReportingUnitsMembersrt:MaximumMember2024-07-012025-06-300001564708nws:OtherThanImpairedReportingUnitsMembersrt:MinimumMember2023-07-012024-06-300001564708nws:OtherThanImpairedReportingUnitsMembersrt:MaximumMember2023-07-012024-06-300001564708us-gaap:SecuredDebtMembernws:A2026TermLoanAMember2026-06-300001564708us-gaap:SecuredDebtMembernws:A2026TermLoanAMember2025-06-300001564708us-gaap:SecuredDebtMembernws:A2022TermLoanAMember2026-06-300001564708us-gaap:SecuredDebtMembernws:A2022TermLoanAMember2025-06-300001564708us-gaap:SeniorNotesMembernws:SeniorNotes2022Member2026-06-300001564708us-gaap:SeniorNotesMembernws:SeniorNotes2022Member2025-06-300001564708us-gaap:SeniorNotesMembernws:SeniorNotes2021Member2026-06-300001564708us-gaap:SeniorNotesMembernws:SeniorNotes2021Member2025-06-300001564708us-gaap:SeniorNotesMembernws:TermLoanAMember2026-06-300001564708us-gaap:RevolvingCreditFacilityMember2026-06-300001564708us-gaap:LineOfCreditMembernws:A2026FacilitiesMember2026-03-270001564708us-gaap:LineOfCreditMembernws:A2026RevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2026-03-270001564708us-gaap:LineOfCreditMembernws:A2026RevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2026-03-272026-03-270001564708us-gaap:LineOfCreditMembernws:TermLoanACreditFacilityMemberus-gaap:UnsecuredDebtMember2026-03-270001564708us-gaap:LineOfCreditMembernws:TermLoanACreditFacilityMemberus-gaap:UnsecuredDebtMember2026-03-272026-03-270001564708us-gaap:LineOfCreditMembernws:A2026FacilitiesMemberus-gaap:LetterOfCreditMember2026-03-270001564708us-gaap:LineOfCreditMemberus-gaap:LetterOfCreditMember2026-03-270001564708us-gaap:LineOfCreditMembernws:A2026FacilitiesMemberus-gaap:BaseRateMember2026-03-272026-03-270001564708us-gaap:LineOfCreditMembernws:A2026FacilitiesMembernws:RelevantRateMember2026-03-272026-03-270001564708us-gaap:LineOfCreditMembernws:A2026RevolvingCreditFacilityMember2026-03-272026-03-270001564708nws:ReaGroupIncMembernws:CreditFacility2022Member2026-06-300001564708nws:REACreditFacility2024Tranche1Membersrt:MinimumMembernws:ReaGroupIncMembernws:AustralianBbsyMember2025-07-012026-06-300001564708nws:REACreditFacility2024Tranche1Membersrt:MaximumMembernws:ReaGroupIncMembernws:AustralianBbsyMember2025-07-012026-06-300001564708nws:ReaGroupIncMembernws:REACreditFacility2024Tranche1Member2025-07-012026-06-300001564708nws:ReaGroupIncMembernws:REACreditFacility2024Member2026-06-300001564708nws:ReaGroupIncMembernws:REACreditFacility2024Member2025-07-012026-06-300001564708us-gaap:LineOfCreditMembernws:FinancingLeaseArrangementMember2025-10-310001564708us-gaap:LineOfCreditMembernws:FinancingLeaseArrangementMember2025-10-012025-10-310001564708us-gaap:SellingGeneralAndAdministrativeExpense2025-07-012026-06-300001564708us-gaap:SellingGeneralAndAdministrativeExpense2024-07-012025-06-300001564708us-gaap:SellingGeneralAndAdministrativeExpense2023-07-012024-06-300001564708us-gaap:OperatingCostsAndExpenses2025-07-012026-06-300001564708us-gaap:OperatingCostsAndExpenses2024-07-012025-06-300001564708us-gaap:OperatingCostsAndExpenses2023-07-012024-06-300001564708us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueInputsLevel1Member2026-06-300001564708us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueInputsLevel2Member2026-06-300001564708us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueInputsLevel3Member2026-06-300001564708us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2026-06-300001564708us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueInputsLevel1Member2025-06-300001564708us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueInputsLevel2Member2025-06-300001564708us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueInputsLevel3Member2025-06-300001564708us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2025-06-300001564708us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001564708us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001564708us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-300001564708us-gaap:FairValueMeasurementsRecurringMember2026-06-300001564708us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-06-300001564708us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2025-06-300001564708us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2025-06-300001564708us-gaap:FairValueMeasurementsRecurringMember2025-06-300001564708us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2026-06-300001564708us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2025-06-300001564708us-gaap:InterestRateSwapMember2026-06-300001564708us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2025-07-012026-06-300001564708us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2024-07-012025-06-300001564708us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2023-07-012024-06-300001564708us-gaap:InterestIncomeExpenseNonoperatingNetus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2025-07-012026-06-300001564708us-gaap:InterestIncomeExpenseNonoperatingNetus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2024-07-012025-06-300001564708us-gaap:InterestIncomeExpenseNonoperatingNetus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2023-07-012024-06-300001564708nws:SeriesCommonStockMember2026-06-300001564708us-gaap:PreferredStockMember2026-06-300001564708us-gaap:CommonClassBMember2024-07-012025-06-300001564708us-gaap:CommonClassAMember2024-07-012025-06-300001564708us-gaap:CommonClassAMember2023-07-012024-06-300001564708us-gaap:CommonClassBMember2023-07-012024-06-3000015647082021-09-2200015647082025-07-150001564708nws:ReaGroupIncMember2026-02-060001564708nws:ReaGroupIncMember2025-07-012026-06-3000015647082021-09-300001564708us-gaap:CommonClassBMembersrt:MaximumMember2021-09-300001564708nws:TwoThousandThirteenLongTermIncentivePlanMemberus-gaap:CommonClassAMember2026-06-300001564708us-gaap:PerformanceSharesMember2023-07-012024-06-300001564708us-gaap:PerformanceSharesMember2024-07-012025-06-300001564708us-gaap:PerformanceSharesMember2025-07-012026-06-300001564708us-gaap:PerformanceSharesMembersrt:MinimumMember2025-07-012026-06-300001564708us-gaap:PerformanceSharesMembersrt:MaximumMember2025-07-012026-06-300001564708us-gaap:PerformanceSharesMemberus-gaap:CommonClassAMember2025-07-012026-06-300001564708us-gaap:PerformanceSharesMemberus-gaap:CommonClassAMember2024-07-012025-06-300001564708us-gaap:PerformanceSharesMemberus-gaap:CommonClassAMember2023-07-012024-06-300001564708nws:SettledInCashMemberus-gaap:PerformanceSharesMember2025-07-012026-06-300001564708nws:SettledInCashMemberus-gaap:PerformanceSharesMember2024-07-012025-06-300001564708nws:SettledInCashMemberus-gaap:PerformanceSharesMember2023-07-012024-06-300001564708us-gaap:RestrictedStockUnitsRSUMembersrt:MaximumMember2025-07-012026-06-300001564708us-gaap:RestrictedStockUnitsRSUMemberus-gaap:CommonClassAMember2025-07-012026-06-300001564708us-gaap:RestrictedStockUnitsRSUMemberus-gaap:CommonClassAMember2024-07-012025-06-300001564708us-gaap:RestrictedStockUnitsRSUMemberus-gaap:CommonClassAMember2023-07-012024-06-300001564708nws:SettledInCashMemberus-gaap:RestrictedStockUnitsRSUMember2025-07-012026-06-300001564708nws:SettledInCashMemberus-gaap:RestrictedStockUnitsRSUMember2024-07-012025-06-300001564708nws:SettledInCashMemberus-gaap:RestrictedStockUnitsRSUMember2023-07-012024-06-300001564708us-gaap:RestrictedStockUnitsRSUMember2025-07-012026-06-300001564708us-gaap:RestrictedStockUnitsRSUMember2024-07-012025-06-300001564708us-gaap:RestrictedStockUnitsRSUMember2023-07-012024-06-300001564708nws:SettledInStockMemberus-gaap:PerformanceSharesMember2025-07-012026-06-300001564708nws:SettledInStockMemberus-gaap:RestrictedStockUnitsRSUMember2025-07-012026-06-300001564708us-gaap:PerformanceSharesMembernws:TwoThousandTwentyThreeFiscalYearMember2025-07-012026-06-300001564708nws:SettledInStockMemberus-gaap:PerformanceSharesMember2024-07-012025-06-300001564708nws:SettledInStockMemberus-gaap:RestrictedStockUnitsRSUMember2024-07-012025-06-300001564708us-gaap:PerformanceSharesMembernws:TwoThousandTwentyTwoFiscalYearMember2024-07-012025-06-300001564708nws:SettledInStockMemberus-gaap:PerformanceSharesMember2023-07-012024-06-300001564708nws:SettledInStockMemberus-gaap:RestrictedStockUnitsRSUMember2023-07-012024-06-300001564708us-gaap:PerformanceSharesMembernws:TwoThousandTwentyOneFiscalYearMember2023-07-012024-06-300001564708srt:AffiliatedEntityMember2025-07-012026-06-300001564708srt:AffiliatedEntityMember2024-07-012025-06-300001564708srt:AffiliatedEntityMember2023-07-012024-06-300001564708srt:AffiliatedEntityMember2026-06-300001564708srt:AffiliatedEntityMember2025-06-300001564708nws:PurchaseObligationsMember2026-06-300001564708us-gaap:BorrowingsMember2026-06-300001564708nws:InterestPaymentsOnBorrowingsMember2026-06-300001564708nws:UnitedKingdomNewspaperMattersMember2025-07-012026-06-300001564708nws:UnitedKingdomNewspaperMattersMember2024-07-012025-06-300001564708nws:UnitedKingdomNewspaperMattersMember2023-07-012024-06-300001564708nws:UnitedKingdomNewspaperMattersMember2026-06-300001564708nws:UnitedKingdomNewspaperMattersIndemnificationMembersrt:AffiliatedEntityMember2026-06-300001564708country:US2026-06-300001564708country:US2025-06-300001564708us-gaap:ForeignPlanMember2026-06-300001564708us-gaap:ForeignPlanMember2025-06-300001564708us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2026-06-300001564708us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2025-06-300001564708country:US2024-06-300001564708us-gaap:ForeignPlanMember2024-06-300001564708us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2024-06-300001564708country:US2025-07-012026-06-300001564708country:US2024-07-012025-06-300001564708us-gaap:ForeignPlanMember2025-07-012026-06-300001564708us-gaap:ForeignPlanMember2024-07-012025-06-300001564708us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2025-07-012026-06-300001564708us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2024-07-012025-06-300001564708us-gaap:PensionPlansDefinedBenefitMember2026-06-300001564708us-gaap:PensionPlansDefinedBenefitMember2025-06-300001564708us-gaap:FundedPlanMembercountry:US2026-06-300001564708us-gaap:FundedPlanMembercountry:US2025-06-300001564708us-gaap:UnfundedPlanMembercountry:US2026-06-300001564708us-gaap:UnfundedPlanMembercountry:US2025-06-300001564708us-gaap:FundedPlanMemberus-gaap:ForeignPlanMember2026-06-300001564708us-gaap:FundedPlanMemberus-gaap:ForeignPlanMember2025-06-300001564708us-gaap:UnfundedPlanMemberus-gaap:ForeignPlanMember2026-06-300001564708us-gaap:UnfundedPlanMemberus-gaap:ForeignPlanMember2025-06-300001564708country:US2023-07-012024-06-300001564708us-gaap:ForeignPlanMember2023-07-012024-06-300001564708us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2023-07-012024-06-300001564708nws:DomesticEquityFundsMemberus-gaap:FairValueInputsLevel1Member2026-06-300001564708nws:DomesticEquityFundsMemberus-gaap:FairValueInputsLevel2Member2026-06-300001564708nws:DomesticEquityFundsMemberus-gaap:FairValueInputsLevel3Member2026-06-300001564708nws:InvestmentsNetAssetValueMembernws:DomesticEquityFundsMember2026-06-300001564708nws:DomesticEquityFundsMember2026-06-300001564708nws:DomesticEquityFundsMemberus-gaap:FairValueInputsLevel1Member2025-06-300001564708nws:DomesticEquityFundsMemberus-gaap:FairValueInputsLevel2Member2025-06-300001564708nws:DomesticEquityFundsMemberus-gaap:FairValueInputsLevel3Member2025-06-300001564708nws:InvestmentsNetAssetValueMembernws:DomesticEquityFundsMember2025-06-300001564708nws:DomesticEquityFundsMember2025-06-300001564708nws:InternationalEquityFundsMemberus-gaap:FairValueInputsLevel1Member2026-06-300001564708nws:InternationalEquityFundsMemberus-gaap:FairValueInputsLevel2Member2026-06-300001564708nws:InternationalEquityFundsMemberus-gaap:FairValueInputsLevel3Member2026-06-300001564708nws:InvestmentsNetAssetValueMembernws:InternationalEquityFundsMember2026-06-300001564708nws:InternationalEquityFundsMember2026-06-300001564708nws:InternationalEquityFundsMemberus-gaap:FairValueInputsLevel1Member2025-06-300001564708nws:InternationalEquityFundsMemberus-gaap:FairValueInputsLevel2Member2025-06-300001564708nws:InternationalEquityFundsMemberus-gaap:FairValueInputsLevel3Member2025-06-300001564708nws:InvestmentsNetAssetValueMembernws:InternationalEquityFundsMember2025-06-300001564708nws:InternationalEquityFundsMember2025-06-300001564708nws:DomesticFixedIncomeFundsMemberus-gaap:FairValueInputsLevel1Member2026-06-300001564708nws:DomesticFixedIncomeFundsMemberus-gaap:FairValueInputsLevel2Member2026-06-300001564708nws:DomesticFixedIncomeFundsMemberus-gaap:FairValueInputsLevel3Member2026-06-300001564708nws:InvestmentsNetAssetValueMembernws:DomesticFixedIncomeFundsMember2026-06-300001564708nws:DomesticFixedIncomeFundsMember2026-06-300001564708nws:DomesticFixedIncomeFundsMemberus-gaap:FairValueInputsLevel1Member2025-06-300001564708nws:DomesticFixedIncomeFundsMemberus-gaap:FairValueInputsLevel2Member2025-06-300001564708nws:DomesticFixedIncomeFundsMemberus-gaap:FairValueInputsLevel3Member2025-06-300001564708nws:InvestmentsNetAssetValueMembernws:DomesticFixedIncomeFundsMember2025-06-300001564708nws:DomesticFixedIncomeFundsMember2025-06-300001564708nws:InternationalFixedIncomeFundsMemberus-gaap:FairValueInputsLevel1Member2026-06-300001564708nws:InternationalFixedIncomeFundsMemberus-gaap:FairValueInputsLevel2Member2026-06-300001564708nws:InternationalFixedIncomeFundsMemberus-gaap:FairValueInputsLevel3Member2026-06-300001564708nws:InvestmentsNetAssetValueMembernws:InternationalFixedIncomeFundsMember2026-06-300001564708nws:InternationalFixedIncomeFundsMember2026-06-300001564708nws:InternationalFixedIncomeFundsMemberus-gaap:FairValueInputsLevel1Member2025-06-300001564708nws:InternationalFixedIncomeFundsMemberus-gaap:FairValueInputsLevel2Member2025-06-300001564708nws:InternationalFixedIncomeFundsMemberus-gaap:FairValueInputsLevel3Member2025-06-300001564708nws:InvestmentsNetAssetValueMembernws:InternationalFixedIncomeFundsMember2025-06-300001564708nws:InternationalFixedIncomeFundsMember2025-06-300001564708us-gaap:BalancedFundsMemberus-gaap:FairValueInputsLevel1Member2026-06-300001564708us-gaap:BalancedFundsMemberus-gaap:FairValueInputsLevel2Member2026-06-300001564708us-gaap:BalancedFundsMemberus-gaap:FairValueInputsLevel3Member2026-06-300001564708nws:InvestmentsNetAssetValueMemberus-gaap:BalancedFundsMember2026-06-300001564708us-gaap:BalancedFundsMember2026-06-300001564708us-gaap:BalancedFundsMemberus-gaap:FairValueInputsLevel1Member2025-06-300001564708us-gaap:BalancedFundsMemberus-gaap:FairValueInputsLevel2Member2025-06-300001564708us-gaap:BalancedFundsMemberus-gaap:FairValueInputsLevel3Member2025-06-300001564708nws:InvestmentsNetAssetValueMemberus-gaap:BalancedFundsMember2025-06-300001564708us-gaap:BalancedFundsMember2025-06-300001564708nws:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel1Member2026-06-300001564708nws:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel2Member2026-06-300001564708nws:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel3Member2026-06-300001564708nws:InvestmentsNetAssetValueMembernws:OtherPlanAssetsMember2026-06-300001564708nws:OtherPlanAssetsMember2026-06-300001564708nws:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel1Member2025-06-300001564708nws:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel2Member2025-06-300001564708nws:OtherPlanAssetsMemberus-gaap:FairValueInputsLevel3Member2025-06-300001564708nws:InvestmentsNetAssetValueMembernws:OtherPlanAssetsMember2025-06-300001564708nws:OtherPlanAssetsMember2025-06-300001564708us-gaap:FairValueInputsLevel1Member2026-06-300001564708us-gaap:FairValueInputsLevel2Member2026-06-300001564708us-gaap:FairValueInputsLevel3Member2026-06-300001564708nws:InvestmentsNetAssetValueMember2026-06-300001564708us-gaap:FairValueInputsLevel1Member2025-06-300001564708us-gaap:FairValueInputsLevel2Member2025-06-300001564708us-gaap:FairValueInputsLevel3Member2025-06-300001564708nws:InvestmentsNetAssetValueMember2025-06-300001564708us-gaap:EquitySecuritiesMember2026-06-300001564708us-gaap:FixedIncomeSecuritiesMember2026-06-300001564708nws:CashAndOtherMember2026-06-300001564708us-gaap:EquitySecuritiesMember2025-06-300001564708us-gaap:DebtSecuritiesMember2026-06-300001564708us-gaap:DebtSecuritiesMember2025-06-300001564708nws:CashAndOtherMember2025-06-300001564708country:AU2025-07-012026-06-300001564708country:GB2025-07-012026-06-300001564708us-gaap:ForeignTaxJurisdictionOtherMember2025-07-012026-06-300001564708country:US2025-07-012026-06-300001564708us-gaap:DomesticCountryMembernws:TwoThousandTwentySixToTwentyThirtyFiveMember2026-06-300001564708us-gaap:StateAndLocalJurisdictionMember2026-06-300001564708country:AUus-gaap:ForeignCountryMembernws:IndefiniteMember2026-06-300001564708country:GBus-gaap:ForeignCountryMembernws:IndefiniteMember2026-06-300001564708nws:OtherForeignTaxJurisdictionMember2026-06-300001564708nws:NetOperatingLossCarryforwardsMember2026-06-300001564708nws:NetOperatingLossCarryforwardsMember2025-06-300001564708country:AUus-gaap:CapitalLossCarryforwardMember2026-06-300001564708country:GBus-gaap:CapitalLossCarryforwardMember2026-06-300001564708country:USus-gaap:CapitalLossCarryforwardMember2026-06-300001564708us-gaap:CapitalLossCarryforwardMember2026-06-300001564708us-gaap:CapitalLossCarryforwardMember2025-06-300001564708us-gaap:DomesticCountryMember2026-06-300001564708us-gaap:DomesticCountryMembernws:ForeignTaxCreditsMember2026-06-300001564708us-gaap:DomesticCountryMemberus-gaap:GeneralBusinessMember2026-06-300001564708us-gaap:ForeignCountryMember2026-06-300001564708nws:StateAndForeignCountryJurisdictionMember2026-06-300001564708nws:ReaGroupIncMembernws:DigitalRealEstateServicesSegmentMember2026-06-300001564708nws:MoveIncMembernws:DigitalRealEstateServicesSegmentMember2026-06-300001564708nws:DigitalRealEstateServicesSegmentMembernws:MoveIncMembernws:ReaGroupIncMember2026-06-300001564708nws:BookPublishingSegmentMembersrt:MinimumMember2026-06-300001564708us-gaap:AllOtherSegmentsMember2025-07-012026-06-300001564708us-gaap:AllOtherSegmentsMember2024-07-012025-06-300001564708us-gaap:AllOtherSegmentsMember2023-07-012024-06-300001564708us-gaap:AllOtherSegmentsMember2026-06-300001564708us-gaap:AllOtherSegmentsMember2025-06-300001564708nws:UnitedStatesAndCanadaMember2025-07-012026-06-300001564708nws:UnitedStatesAndCanadaMember2024-07-012025-06-300001564708nws:UnitedStatesAndCanadaMember2023-07-012024-06-300001564708srt:EuropeMember2025-07-012026-06-300001564708srt:EuropeMember2024-07-012025-06-300001564708srt:EuropeMember2023-07-012024-06-300001564708nws:AustralasiaAndOtherMember2025-07-012026-06-300001564708nws:AustralasiaAndOtherMember2024-07-012025-06-300001564708nws:AustralasiaAndOtherMember2023-07-012024-06-300001564708country:US2025-07-012026-06-300001564708country:US2024-07-012025-06-300001564708country:US2023-07-012024-06-300001564708country:GB2025-07-012026-06-300001564708country:GB2024-07-012025-06-300001564708country:GB2023-07-012024-06-300001564708country:AU2025-07-012026-06-300001564708country:AU2024-07-012025-06-300001564708country:AU2023-07-012024-06-300001564708nws:UnitedStatesAndCanadaMember2026-06-300001564708nws:UnitedStatesAndCanadaMember2025-06-300001564708srt:EuropeMember2026-06-300001564708srt:EuropeMember2025-06-300001564708nws:AustralasiaAndOtherMember2026-06-300001564708nws:AustralasiaAndOtherMember2025-06-300001564708us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2025-06-300001564708us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-06-300001564708us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-06-300001564708us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2025-07-012026-06-300001564708us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-07-012025-06-300001564708us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-07-012024-06-300001564708us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2026-06-300001564708us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-06-300001564708us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-06-300001564708us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-06-300001564708us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-07-012026-06-300001564708us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-07-012025-06-300001564708us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-07-012024-06-300001564708us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2026-06-300001564708us-gaap:AccumulatedTranslationAdjustmentMember2025-06-300001564708us-gaap:AccumulatedTranslationAdjustmentMember2024-06-300001564708us-gaap:AccumulatedTranslationAdjustmentMember2023-06-300001564708us-gaap:AccumulatedTranslationAdjustmentMember2025-07-012026-06-300001564708us-gaap:AccumulatedTranslationAdjustmentMember2024-07-012025-06-300001564708us-gaap:AccumulatedTranslationAdjustmentMember2023-07-012024-06-300001564708us-gaap:AccumulatedTranslationAdjustmentMember2026-06-300001564708nws:AllowancesForDoubtfulAccountsMember2025-06-300001564708nws:AllowancesForDoubtfulAccountsMember2025-07-012026-06-300001564708nws:AllowancesForDoubtfulAccountsMember2026-06-300001564708nws:AllowancesForSalesReturnsMember2025-06-300001564708nws:AllowancesForSalesReturnsMember2025-07-012026-06-300001564708nws:AllowancesForSalesReturnsMember2026-06-300001564708us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2025-06-300001564708us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2025-07-012026-06-300001564708us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2026-06-300001564708nws:AllowancesForDoubtfulAccountsMember2024-06-300001564708nws:AllowancesForDoubtfulAccountsMember2024-07-012025-06-300001564708nws:AllowancesForSalesReturnsMember2024-06-300001564708nws:AllowancesForSalesReturnsMember2024-07-012025-06-300001564708us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2024-06-300001564708us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2024-07-012025-06-300001564708nws:AllowancesForDoubtfulAccountsMember2023-06-300001564708nws:AllowancesForDoubtfulAccountsMember2023-07-012024-06-300001564708nws:AllowancesForSalesReturnsMember2023-06-300001564708nws:AllowancesForSalesReturnsMember2023-07-012024-06-300001564708us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2023-06-300001564708us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember2023-07-012024-06-300001564708us-gaap:SubsequentEventMemberus-gaap:CommonClassAMember2026-08-012026-08-060001564708us-gaap:SubsequentEventMemberus-gaap:CommonClassBMember2026-08-012026-08-0600015647082026-04-012026-06-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________________
FORM 10-K 
________________________________
(Mark One)

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended June 30, 2026
Or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             
Commission file number 001-35769
________________________________

NEWS CORPORATION 
(Exact name of registrant as specified in its charter)
________________________________
Delaware
(State or other jurisdiction of
incorporation or organization)

1211 Avenue of the Americas, New York, New York
(Address of principal executive offices)

46-2950970
(I.R.S. Employer
Identification No.)

10036
(Zip Code)
Registrant’s telephone number, including area code (212) 416-3400
Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock, par value $0.01 per shareNWSAThe Nasdaq Global Select Market
Class B Common Stock, par value $0.01 per shareNWSThe Nasdaq Global Select Market

Securities registered pursuant to Section 12(g) of the Act:
None
(Title of class)
________________________________
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  ☒    No  ☐
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    Yes  ☐    No  ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ☒    No  ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  ☒    No  ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐ 
Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.    ☒
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐ 
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes  ☐    No  ☒
As of December 26, 2025, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market value of the registrant’s Class A Common Stock, par value $0.01 per share, held by non-affiliates was approximately $9,747,594,816, based upon the closing price of $26.22 per share as quoted on The Nasdaq Stock Market on that date, and the aggregate market value of the registrant’s Class B Common Stock, par value $0.01 per share, held by non-affiliates was approximately $3,660,757,368, based upon the closing price of $29.87 per share as quoted on The Nasdaq Stock Market on that date.
As of July 31, 2026, 360,503,747 shares of Class A Common Stock and 180,548,891 shares of Class B Common Stock were outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
Certain information required for Part III of this Annual Report on Form 10-K is incorporated by reference to the News Corporation definitive Proxy Statement for its 2026 Annual Meeting of Stockholders, which shall be filed with the Securities and Exchange Commission pursuant to Regulation 14A of the Securities Exchange Act of 1934, as amended, within 120 days of News Corporation’s fiscal year end.

Table of Contents

TABLE OF CONTENTS

Page

PART I

ITEM 1.
Business
1

ITEM 1A.
Risk Factors
16

ITEM 1B.
Unresolved Staff Comments
29

ITEM 1C.
Cybersecurity
30

ITEM 2.
Properties
31

ITEM 3.
Legal Proceedings
32

ITEM 4.
Mine Safety Disclosures
32

PART II

ITEM 5.
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
33

ITEM 6.
[Reserved]
34

ITEM 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
35

ITEM 7A.
Quantitative and Qualitative Disclosures About Market Risk
54

ITEM 8.
Financial Statements and Supplementary Data
57

ITEM 9.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
114

ITEM 9A.
Controls and Procedures
114

ITEM 9B.
Other Information
114

ITEM 9C.
Disclosure Regarding Foreign Jurisdictions That Prevent Inspections
114

PART III

ITEM 10.
Directors, Executive Officers and Corporate Governance
115

ITEM 11.
Executive Compensation
115

ITEM 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
115

ITEM 13.
Certain Relationships and Related Transactions, and Director Independence
116

ITEM 14.
Principal Accountant Fees and Services
116

PART IV

ITEM 15.
Exhibits and Financial Statement Schedules
117

ITEM 16.
Form 10-K Summary
119

SIGNATURES
120

Table of Contents

PART I

ITEM 1. BUSINESS
OVERVIEW
The Company
News Corporation (the “Company,” “News Corp,” “we,” “us,” or “our”) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services to consumers and businesses throughout the world. The Company comprises businesses across a range of media, including information services and news, digital real estate services and book publishing, that are distributed under some of the world’s most recognizable and respected brands, including The Wall Street Journal, Barron’s, Dow Jones, The Australian, Herald Sun, The Sun, The Times, HarperCollins Publishers, realestate.com.au, Realtor.com®, talkSPORT and many others.
The Company’s commitment to premium content makes its properties a premier destination for information, news, real estate and entertainment. The Company distributes its content and other products and services to consumers and customers across an array of digital platforms including websites, mobile apps, social media, e-book devices and streaming audio platforms, as well as traditional platforms such as print and radio. The Company’s focus on quality and product innovation has enabled it to capitalize on the shift to digital consumption to deliver its products and services in a more engaging, timely and personalized manner and create opportunities for more effective monetization, including new licensing and partnership arrangements with large technology companies and AI-focused platforms and digital offerings that leverage the Company’s existing content. The Company is pursuing multiple strategies to further exploit these opportunities, including leveraging global audience scale and valuable data and sharing technologies and practices across geographies and businesses.
The Company’s diversified revenue base includes recurring subscriptions, circulation sales, advertising sales, sales of real estate listing products, licensing fees and other consumer product sales. Headquartered in New York, the Company operates primarily in the United States (“U.S.”), Australia and the United Kingdom (“U.K.”), with its content and other products and services distributed and consumed worldwide. The Company’s operations are organized into five reportable segments: (i) Dow Jones; (ii) Digital Real Estate Services; (iii) Book Publishing; (iv) News Media; and (v) Other, which includes the Company’s general corporate overhead expenses, strategy costs and costs related to the U.K. Newspaper Matters (as defined in Note 16—Commitments and Contingencies in the accompanying Consolidated Financial Statements).
The Company maintains a 52-53 week fiscal year ending on the Sunday nearest to June 30 in each year. Fiscal 2026, fiscal 2025 and fiscal 2024 each included 52 weeks. Unless otherwise noted, all references to the fiscal years ended June 30, 2026, June 30, 2025 and June 30, 2024 relate to the fiscal years ended June 28, 2026, June 29, 2025 and June 30, 2024, respectively. For convenience purposes, the Company continues to date its financial statements as of June 30.
Corporate Information
News Corporation is a Delaware corporation originally organized on December 11, 2012 in connection with its separation from Twenty-First Century Fox, Inc., which was completed on June 28, 2013. Unless otherwise indicated, references in this Annual Report on Form 10-K for the fiscal year ended June 30, 2026 (the “Annual Report”) to the “Company,” “News Corp,” “we,” “us,” or “our” means News Corporation and its subsidiaries. The Company’s principal executive offices are located at 1211 Avenue of the Americas, New York, New York 10036, and its telephone number is (212) 416-3400. The Company’s Class A and Class B Common Stock are listed on The Nasdaq Global Select Market under the trading symbols “NWSA” and “NWS,” respectively, and CHESS Depositary Interests representing the Company’s Class A and Class B Common Stock are listed on the Australian Securities Exchange (“ASX”) under the trading symbols “NWSLV” and “NWS,” respectively. More information regarding the Company is available on its website at www.newscorp.com, including the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Curren