News (NWS) FY2025 results: revenue $8.5 billion, up 2.4% on the year
News Corp. (NWS) reported revenue of $8.5 billion for fiscal 2025, the year ended 30 June 2025, up 2.4% on the year before. Net income was $1.2 billion, up 343.6%, and diluted earnings per share $2.07. The figures are the company's own, from the 10-K it filed with the SEC on 6 August 2025.
Revenue
$8.5 billion
+2.4% on the year
FY2018FY2025
Operating margin
n/a
FY2018FY2025
Net income
$1.2 billion
+343.6% on the year
FY2018FY2025
Diluted EPS
$2.07
+350.0% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
1,134
1,098
1,092
+3.3%
Capital expenditure
407
357
347
+14.0%
Free cash flow
727
741
745
-1.9%
Free cash flow margin
8.6%
9.0%
9.3%
Cash from investing
n/a
-524
-574
Cash from financing
n/a
-441
-501
Depreciation and amortisation
459
440
415
+4.3%
Share-based compensation
84.0
91.0
87.0
-7.7%
Buybacks
150
117
243
+28.2%
Dividends paid
185
172
174
+7.6%
Diluted shares, weighted
570m
574m
579m
-0.6%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
8,774
8,120
8,064
+8.1%
Non-controlling interest
615
891
881
-31.0%
Debt
1,962
2,102
2,967
-6.7%
Operating lease liabilities
904
912
996
-0.9%
Other liabilities
3,249
4,659
4,013
-30.3%
Total liabilities and equity
15,504
16,684
16,921
-7.1%
Fixed assets
1,331
1,272
1,281
+4.6%
Goodwill
4,373
4,336
4,291
+0.9%
Intangible assets
1,930
1,948
2,060
-0.9%
Investments
1,016
429
427
+136.8%
Cash and equivalents
2,403
1,872
1,761
+28.4%
Receivables
1,562
1,420
1,347
+10.0%
Inventory
327
266
290
+22.9%
Other assets
2,562
5,141
5,464
-50.2%
Total assets
15,504
16,684
16,921
-7.1%
10-K for the year ended 30 June 2025, filed 6 August 2025: the filing.