News Corporation (NWS) — Financial statements
Income statement, balance sheet, and cash flow for News Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 8,452↑2.4% | 8,252↑3.0% | 8,012↓22.9% | 10,385↑11.0% | 9,358 | |
| Cost of Revenue | 3,703↓2.1% | 3,783↓2.7% | 3,886↓23.4% | 5,076↑6.2% | 4,779 | |
| Gross Profit | 4,749↑6.3% | 4,469↑8.3% | 4,126↓22.3% | 5,309↑15.9% | 4,579 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 3,301 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 33↓99.0% | 3,247↑7.1% | 3,033↓16.4% | 3,628↑10.2% | 3,293 | |
| Operating Expenses | 3,334↑2.7% | 3,247↑7.1% | 3,033↓16.4% | 3,628↑10.2% | 3,293 | |
| Total Costs & Expenses | 7,037↑0.1% | 7,030↑1.6% | 6,919↓20.5% | 8,704↑7.8% | 8,072 | |
| Operating Results | ||||||
| Operating Income | 1,415↑15.8% | 1,222↑11.8% | 1,093↓35.0% | 1,681↑30.7% | 1,286 | |
| Depreciation & Amortization | 178↓5.3% | 188↓6.0% | 200↓52.9% | 425↓1.2% | 430 | |
| EBITDA | 1,134↑16.9% | 970↑10.5% | 878↓38.1% | 1,418↑36.9% | 1,036 | |
| EBIT | 956↑22.3% | 782↑15.3% | 678↓31.7% | 993↑63.9% | 606 | |
| Interest & Other Income | ||||||
| Net Interest Income | -10↑88.2% | -85↓1.2% | -84↑20.0% | -105↓183.8% | -37 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 10↓88.2% | 85↑1.2% | 84↓20.0% | 105↑183.8% | 37 | |
| Non-Operating Income | 459↑4.3% | 440↑6.0% | 415↓39.7% | 688↑1.2% | 680 | |
| Other Income / Expenses | -492↑22.8% | -637↑10.7% | -713↑18.0% | -869↓3.9% | -836 | |
| Income Before Tax | 923↑57.8% | 585↑53.9% | 380↓53.2% | 812↑80.4% | 450 | |
| Income Tax Expense | 275↑33.5% | 206↑35.5% | 152↑192.3% | 52↓14.8% | 61 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 648↑71.0% | 379↑66.2% | 228↓70.0% | 760↑95.4% | 389 | |
| Net Income from Discontinued Operations | -16↓433.3% | -3↑78.6% | -14 | 0.00 | 0.00 | |
| Net Income | 464↑74.4% | 266↑78.5% | 149↓76.1% | 623↑88.8% | 330 | |
| Bottom-Line Net Income | 464↑72.5% | 269↑80.5% | 149↓76.1% | 623↑88.8% | 330 | |
| EPS (Basic) | 0.82↑74.5% | 0.47↑80.8% | 0.26↓75.5% | 1.06↑89.3% | 0.56 | |
| EPS (Diluted) | 0.81↑72.3% | 0.47↑80.8% | 0.26↓75.2% | 1.05↑87.5% | 0.56 | |
| Weighted Average Shares | 568↓0.6% | 571↓0.9% | 576↓2.2% | 590↓0.2% | 590 | |
| Weighted Average Diluted Shares | 570↓0.6% | 574↓0.9% | 579↓2.3% | 593↓0.2% | 593 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.