Short answer
News Corp (Class B) (NWS) filed its fiscal 2025 10-K annual report with the SEC on Aug 6, 2025. It reported revenue of $8.5B (−16.2% year over year) and net income of $1.2B.
- Top risk flagged: Cybersecurity risk managed by CTO (since June 2025) and CISO (since Dec 2024) with quarterly reports to Audit Committee
FY2025 key financial metrics · XBRL
- Revenue
- $8.5B
- −16.2% YoY
- Net income
- $1.2B
- +343.6% YoY
- EPS (diluted)
- $2.07
- +350.0% YoY
- ROE
- 13.4%
- +10.2 pp YoY
- Operating cash flow
- $978M
- +9.0% YoY
Source: XBRL data from the News Corp (Class B) (NWS) FY2025 10-K on SEC EDGAR. USD.
News Corp (Class B) FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Global media and publishing company focused on premium news, information and entertainment content delivery
- No new product lines or business segments introduced; emphasis on compliance with evolving global data privacy and press regulations
- Strategic focus on enhancing intellectual property protection against unauthorized use including generative AI threats
- Employee count steady at approximately 22,300 as of June 30, 2025, distributed mainly across U.S. (7,900), U.K. (3,900), Australia (5,800)
- Noteworthy regulatory update: Implementation of UK Data (Use and Access) Act 2025 increasing fines and compliance complexity for data privacy
Management Discussion & Analysis
- Revenue $8,452M, up 2% YoY (+$200M) driven by Digital Real Estate Services (+$126M), Dow Jones circulation/subscription (+$100M), Book Publishing growth
- Operating expenses $3,736M, down 2% YoY (-$78M) mainly from News Media cost savings; SG&A increased 3% to $3,301M (+$104M) due to REA Group and Book Publishing
- Best segment: Digital Real Estate Services up 10% YoY to $1,410M; Worst segment: News Media declined due to lower advertising, circulation
- Net income $1,180M attributable to stockholders, up 344% YoY (+$914M); Operating margin approx. 10.9% (Income before tax $923M / Revenue $8,452M) vs. 7.1% in prior year
- Risks: Increased competition and revenue impact from digital and AI advancements; macroeconomic uncertainty from tariffs, inflation, market volatility; management monitoring impacts
Risk Factors
- Cybersecurity risk managed by CTO (since June 2025) and CISO (since Dec 2024) with quarterly reports to Audit Committee
- No geopolitical or macroeconomic risk specified in the provided text
- No supply chain or operational vulnerability specified in the provided text
- No competitive or market disruption risk detailed in the provided text
Generated from the filing text; verify against the original. How to read a 10-K
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