Financials News Corporation

Equities

NWSA

US65249B1098

Consumer Publishing

Market Closed - Nasdaq Other stock markets 16:00:00 2025-06-20 EDT			5-day change	1st Jan Change
28.35 ^USD	+1.03%		+3.39%	+2.94%

06-16	Washington Post investigating cyberattack on journalists' email accounts, source says	RE
06-02	Allen Media Group Hires Moelis to Sell Local TV Stations to Reduce Debt	DJ

Projected Income Statement: News Corporation

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	9,008	9,358	10,385	9,879	10,085	8,514	8,738	9,030
Change	-	3.89%	10.97%	-4.87%	2.09%	-15.58%	2.64%	3.33%
EBITDA ¹	1,013	1,273	1,669	1,420	1,539	1,430	1,560	1,694
Change	-	25.67%	31.11%	-14.92%	8.38%	-7.07%	9.1%	8.57%
EBIT ¹	369	593	981	706	805	966.7	1,098	1,219
Change	-	60.7%	65.43%	-28.03%	14.02%	20.09%	13.57%	11%
Interest Paid ¹	-25	-53	-99	-100	-85	-20.98	-9	-29.5
Earnings before Tax (EBT) ¹	-1,524	450	812	330	546	961	1,038	1,167
Change	-	129.53%	80.44%	-59.36%	65.45%	76%	7.99%	12.43%
Net income ¹	-1,269	330	623	149	266	542.7	569.2	658.1
Change	-	126%	88.79%	-76.08%	78.52%	104.02%	4.88%	15.62%
Announcement Date	8/6/20	8/5/21	8/8/22	8/10/23	8/8/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: June	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	1,923	2,117	2,414	2,335	2,492	2,502	2,717	2,492	2,674	2,478	2,521	2,447	2,433	2,499	2,586	2,423	2,577	2,577	2,238	2,009	2,093	2,143	2,307	2,095	2,163	2,249	2,380	2,176
Change	-	10.09%	14.03%	-3.27%	6.72%	0.4%	8.59%	-8.28%	7.3%	-7.33%	1.74%	-2.94%	-0.57%	2.71%	3.48%	-6.3%	6.36%	0%	-13.15%	-10.23%	4.19%	2.36%	7.66%	-9.17%	3.23%	4.01%	5.81%	-8.58%
EBITDA ¹	195	268	497	298	210	410	586	358	315	350	409	320	341	364	473	322	385	415	478	290	311.1	354.8	506.5	332.9	357.6	429.2	535.9	364.3
Change	-	37.44%	85.45%	-40.04%	-29.53%	95.24%	42.93%	-38.91%	-12.01%	11.11%	16.86%	-21.76%	6.56%	6.74%	29.95%	-31.92%	19.57%	7.79%	15.18%	-39.33%	7.28%	14.05%	42.75%	-34.28%	7.42%	20.04%	24.85%	-32.02%
EBIT ¹	35	104	330	125	34	245	418	186	132	171	235	137	163	193	294	130	188	226	365	176	197.2	211.1	389.9	213.3	215	-	-	-
Change	-	197.14%	217.31%	-62.12%	-72.8%	620.59%	70.61%	-55.5%	-29.03%	29.55%	37.43%	-41.7%	18.98%	18.4%	52.33%	-55.78%	44.62%	20.21%	61.5%	-51.78%	12.04%	7.04%	84.74%	-45.3%	0.79%	-	-	-
Charge d'intérêts ¹	-12	-8	-12	-12	-21	-22	-21	-25	-31	-27	-26	-25	-22	-23	-25	-19	-18	-18	-3	1	-2.1	-2	-2	-9	-8	-	-	-
Earnings before Tax (EBT) ¹	-401	72	346	139	-107	338	361	133	-20	101	155	91	-17	95	277	64	110	204	430	151	180.3	179.8	366.3	198.6	220	-	-	-
Change	-	117.96%	380.56%	-59.83%	-176.98%	415.89%	6.8%	-63.16%	-115.04%	605%	53.47%	-41.29%	-118.68%	658.82%	191.58%	-76.9%	71.88%	85.45%	110.78%	-64.88%	19.39%	-0.26%	103.73%	-45.78%	10.77%	-	-	-
Net income ¹	-397	34	231	79	-14	196	235	82	110	40	67	50	-8	30	156	30	50	119	215	103	93.76	97.2	192.2	104.9	100	-	-	-
Change	-	108.56%	579.41%	-65.8%	-117.72%	1,500%	19.9%	-65.11%	34.15%	-63.64%	67.5%	-25.37%	-116%	475%	420%	-80.77%	66.67%	138%	80.67%	-52.09%	-8.97%	3.67%	97.74%	-45.4%	-4.7%	-	-	-
Announcement Date	8/6/20	11/5/20	2/4/21	5/6/21	8/5/21	11/4/21	2/3/22	5/5/22	8/8/22	11/8/22	2/9/23	5/11/23	8/10/23	11/9/23	2/7/24	5/8/24	8/8/24	11/7/24	2/5/25	5/8/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: News Corporation

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-258	77	1,247	1,134	949	586	-16	-663
Change	-	129.84%	1,519.48%	-9.06%	-16.31%	-38.25%	-102.73%	-4,043.75%
Announcement Date	8/6/20	8/5/21	8/8/22	8/10/23	8/8/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: News Corporation

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	438	390	499	499	496	364.7	353.9	360.6
Change	-	-10.96%	27.95%	0%	-0.6%	-26.47%	-2.96%	1.87%
Free Cash Flow (FCF) ¹	342	847	855	593	602	849.4	889.6	960.8
Change	-	147.66%	0.94%	-30.64%	1.52%	41.09%	4.74%	8%
Announcement Date	8/6/20	8/5/21	8/8/22	8/10/23	8/8/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: News Corporation

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	11.25%	13.6%	16.07%	14.37%	15.26%	16.8%	17.86%	18.76%
EBIT Margin (%)	4.1%	6.34%	9.45%	7.15%	7.98%	11.36%	12.56%	13.5%
EBT Margin (%)	-16.92%	4.81%	7.82%	3.34%	5.41%	11.29%	11.88%	12.92%
Net margin (%)	-14.09%	3.53%	6%	1.51%	2.64%	6.37%	6.51%	7.29%
FCF margin (%)	3.8%	9.05%	8.23%	6%	5.97%	9.98%	10.18%	10.64%
FCF / Net Income (%)	-26.95%	256.67%	137.24%	397.99%	226.32%	156.52%	156.3%	146.01%
Profitability
ROA	-8.47%	2.13%	3.67%	1.66%	2.4%	4.22%	4.92%	5.26%
ROE	1.54%	4.18%	7.58%	3.48%	4.98%	5.83%	6.18%	6.8%
Financial Health
Leverage (Debt/EBITDA)	-	0.06x	0.75x	0.8x	0.62x	0.41x	-	-
Debt / Free cash flow	-	0.09x	1.46x	1.91x	1.58x	0.69x	-	-
Capital Intensity
CAPEX / Current Assets (%)	4.86%	4.17%	4.81%	5.05%	4.92%	4.28%	4.05%	3.99%
CAPEX / EBITDA (%)	43.24%	30.64%	29.9%	35.14%	32.23%	25.5%	22.68%	21.28%
CAPEX / FCF (%)	128.07%	46.04%	58.36%	84.15%	82.39%	42.94%	39.79%	37.53%
Items per share
Cash flow per share ¹	1.604	1.742	2.44	2.028	1.913	1.708	2.053	2.29
Change	-	8.63%	40.03%	-16.91%	-5.66%	-10.71%	20.19%	11.56%
Dividend per Share ¹	0.2	0.2	0.2	0.2	0.2	0.2	0.2025	0.2067
Change	-	0%	0%	0%	0%	0%	1.25%	2.06%
Book Value Per Share ¹	12.87	13.9	14.07	14	14.25	15.88	16.43	17.55
Change	-	7.96%	1.24%	-0.5%	1.75%	11.47%	3.48%	6.82%
EPS ¹	-2.16	0.56	1.05	0.26	0.46	0.98	0.9613	1.133
Change	-	125.93%	87.5%	-75.24%	76.92%	113.04%	-1.91%	17.89%
Nbr of stocks (in thousands)	588,734	591,023	584,308	572,194	569,392	565,501	565,501	565,501
Announcement Date	8/6/20	8/5/21	8/8/22	8/10/23	8/8/24	-	-	-