Equity Profile

NWSA

News Corporation

Communication ServicesPublishing$14.9B

Aug4Tue

Pre-Earnings Brief

UpcomingQ4-2026After Close5:00 PM EDT

Company Snapshot

News Corporation (NWSA) operates in the communication services sector, primarily focusing on publishing. As a major player in media, its performance can be influenced by trends in consumer spending, digital media consumption, and advertising revenue.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help investors gauge the company's financial health this quarter.

Expecting $0.22

Revenue Growth

Revenue trends provide insight into the company's ability to attract and retain customers in a competitive market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

NWSA Q4-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+12.05%

Avg Stock Reaction

+0.48%

Last Quarter Recap

In Q3-2026, News Corporation reported an EPS of $0.21, exceeding expectations by 31.25%. The stock reacted positively, gaining 3.21% the following day.

Management Promises & Guidance

Focus on enhancing digital content offerings.
Commitment to improving operational efficiencies.
Plans to expand advertising partnerships.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about News Corporation's upcoming earnings, especially given its recent EPS beats. However, there are concerns about revenue growth and advertising performance.

Bull Case

If the company continues its trend of beating EPS estimates, it could signal strong operational performance and effective cost management.

Bear Case

On the flip side, if revenue growth disappoints or advertising revenue declines, it could lead to a negative market reaction.

Key Metrics to Watch

Earnings Per Share (EPS)

Expecting $0.22

EPS is a key indicator of profitability and will help investors gauge the company's financial health this quarter.

Revenue Growth

N/A

Revenue trends provide insight into the company's ability to attract and retain customers in a competitive market.

Advertising Revenue

N/A

As a publishing company, advertising revenue is crucial for growth and reflects the overall health of the advertising market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to last quarter's $0.21?

A strong EPS could reinforce the positive momentum from previous quarters, while a miss could raise concerns about profitability.

What are the trends in advertising revenue this quarter?

Given the importance of advertising for revenue, any decline or growth in this area will significantly impact investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of digital content growth on overall revenue, as traditional advertising channels continue to decline.

Supporting Evidence

Recent trends show increasing digital subscriptions, which could offset traditional revenue declines.

The company has successfully expanded its digital advertising partnerships, which may not be fully reflected in current estimates.

Options pricing suggests a significant move, indicating that traders are anticipating either a strong performance or a major setback.

Key Risk

If advertising revenue shows unexpected growth, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the company's ability to maintain its earnings momentum against potential revenue challenges.

Bull Confirmed If

An EPS of $0.22 or higher would confirm the bullish outlook and show continued profitability.

Bear Confirmed If

An EPS below $0.20 would suggest declining profitability and could trigger a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±15.61%

Historical Avg

±1.7%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±15.6% while NWSA has averaged ±1.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

22.0%

Calls (3K)P/C Ratio: 2.80Puts (100)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If News Corporation beats expectations, history suggests the stock could rise around 0.59% on the next trading day, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

Should the company miss earnings expectations, history indicates a potential decline of around 0.16%, reflecting disappointment in profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on digital content growth and its impact on revenue.
2Details on advertising partnerships and their performance.
3Management's outlook on future earnings and market conditions.
4Insights into operational efficiencies and cost management strategies.
5Any changes in subscriber growth trends.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help investors gauge the company's financial health this quarter.

Expecting $0.22

Revenue Growth

Revenue trends provide insight into the company's ability to attract and retain customers in a competitive market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

NWSA Q4-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+12.05%

Avg Stock Reaction

+0.48%

Last Quarter Recap

In Q3-2026, News Corporation reported an EPS of $0.21, exceeding expectations by 31.25%. The stock reacted positively, gaining 3.21% the following day.

Management Promises & Guidance

Focus on enhancing digital content offerings.
Commitment to improving operational efficiencies.
Plans to expand advertising partnerships.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about News Corporation's upcoming earnings, especially given its recent EPS beats. However, there are concerns about revenue growth and advertising performance.

Bull Case

If the company continues its trend of beating EPS estimates, it could signal strong operational performance and effective cost management.

Bear Case

On the flip side, if revenue growth disappoints or advertising revenue declines, it could lead to a negative market reaction.

Key Metrics to Watch

Earnings Per Share (EPS)

Expecting $0.22

EPS is a key indicator of profitability and will help investors gauge the company's financial health this quarter.

Revenue Growth

N/A

Revenue trends provide insight into the company's ability to attract and retain customers in a competitive market.

Advertising Revenue

N/A

As a publishing company, advertising revenue is crucial for growth and reflects the overall health of the advertising market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to last quarter's $0.21?

A strong EPS could reinforce the positive momentum from previous quarters, while a miss could raise concerns about profitability.

What are the trends in advertising revenue this quarter?

Given the importance of advertising for revenue, any decline or growth in this area will significantly impact investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of digital content growth on overall revenue, as traditional advertising channels continue to decline.

Supporting Evidence

Recent trends show increasing digital subscriptions, which could offset traditional revenue declines.

The company has successfully expanded its digital advertising partnerships, which may not be fully reflected in current estimates.

Options pricing suggests a significant move, indicating that traders are anticipating either a strong performance or a major setback.

Key Risk

If advertising revenue shows unexpected growth, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the company's ability to maintain its earnings momentum against potential revenue challenges.

Bull Confirmed If

An EPS of $0.22 or higher would confirm the bullish outlook and show continued profitability.

Bear Confirmed If

An EPS below $0.20 would suggest declining profitability and could trigger a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±15.61%

Historical Avg

±1.7%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±15.6% while NWSA has averaged ±1.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

22.0%

Calls (3K)P/C Ratio: 2.80Puts (100)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If News Corporation beats expectations, history suggests the stock could rise around 0.59% on the next trading day, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

Should the company miss earnings expectations, history indicates a potential decline of around 0.16%, reflecting disappointment in profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on digital content growth and its impact on revenue.
2Details on advertising partnerships and their performance.
3Management's outlook on future earnings and market conditions.
4Insights into operational efficiencies and cost management strategies.
5Any changes in subscriber growth trends.