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News Corp Reports Third-Quarter Profit of $121 Million on 9% Revenue Growth
News Corp posted income from continuing operations of $121 million in its fiscal third quarter, beating Wall Street forecasts. CEO Robert Thomson highlighted AI content licensing deals with Meta and OpenAI as the company tracks illicit scraping of its material. Revenue rose across Dow Jones, real estate and book publishing units.
May 7, 5:47 PM·2m read1 source
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News Corp reported income from continuing operations of $121 million, or 16 cents a share, in its third quarter, compared with $107 million, or 14 cents a share, in the prior year's third quarter. Adjusted earnings per share totaled 21 cents. 01 billion a year earlier.
11 billion in revenue. News Corp reported its third-quarter earnings on Thursday. The results were driven by growth across several divisions.
News Corp's Dow Jones unit revenue increased 8 percent to $619 million in the third quarter. Its real estate division revenue rose 10 percent to $148 million. Book publishing revenue grew 8 percent to $555 million.
Robert Thomson, CEO of News Corp, said the performance pointed to deeper changes. “The third quarter was compelling evidence of the transformation of our business, and demonstrated the robustness of our core growth engines, which we expect will propel us towards a strong fiscal finish,” he stated. Thomson expressed confidence despite wider uncertainty around artificial intelligence.
“Our confidence comes as the world is grappling with the potential impact of AI. We are an AI inputs company and that fact was reflected in our recent deal with Meta, which complements our partnership with OpenAI,” he said. News Corp struck a multiyear AI content licensing deal with Meta earlier in 2026 that will pay up to $50 million a year.
The company agreed to a landmark content licensing deal with OpenAI in 2024. Thomson said additional agreements are in the works. “We are in discussions with other companies who recognize the preciousness of provenance, and these potential deals should have a positive impact on our revenue and profitability,” he added.
