News Corp launches $1 billion share repurchase program
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News Corp ( (NWSA) ) just unveiled an announcement.
News Corporation has notified the Australian Securities Exchange that it is conducting a buy-back of its Nasdaq-listed Class A and Class B common stock under a repurchase program authorized on July 15, 2025, for up to US$1 billion. The daily buy-back notification dated June 12, 2026, outlines that Goldman Sachs & Co. LLC will execute purchases in U.S. dollars, with the anticipated commencement date of September 22, 2021, and states the program aims to enhance shareholder value while requiring no shareholder approval or foreign participation limits.
The company reports that a total of 362,505,701 Class A shares are on issue in the relevant class and that the maximum aggregate amount repurchased will be capped at US$1 billion across both Class A and Class B stock. Management notes that the pace and scale of repurchases will depend on market conditions, stock price and other factors, indicating a flexible capital management strategy that could tighten the share base and potentially support earnings per share, without committing to a fixed number of shares or a defined price range.
The most recent analyst rating on (NWSA) stock is a Buy
with a $36.00 price target.
To see the full list of analyst forecasts on News Corp stock,
see the NWSA Stock Forecast page.
Spark’s Take on NWSA Stock
According to Spark, TipRanks’ AI Analyst, NWSA is a Neutral.
The score is driven primarily by mixed-but-acceptable financial quality (healthier leverage and positive free cash flow, but softer TTM margins and weaker cash conversion) and a strong earnings-call outlook pointing to durable momentum in higher-margin digital segments and capital returns. Technicals are supportive, while valuation is the main drag due to the high P/E and low dividend yield.
To see Spark’s full report on NWSA stock,
click here.
More about News Corp
News Corporation is a global media and information services company with its shares listed on Nasdaq and the Australian Securities Exchange, where it trades under the code NWS. The company’s capital structure includes Class A and Class B common stock, as well as ASX-listed CHESS Depositary Interests, though the current buy-back program excludes those CDIs.
Average Trading Volume: 4,515,797
Technical Sentiment Signal: Strong Buy
Current Market Cap: $15.1B
For an in-depth examination of NWSA stock, go to TipRanks’ Overview page.
