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	Saved 2026-09-01 21:25 9d ago Published 2026-09-01 16:15 10d ago	News Corp to Participate in the Citi 2026 Global TMT Conference NWS News Corp	FMP Stock News
Original source text - NEW YORK--(BUSINESS WIRE)--News Corp announced today that Chief Financial Officer Lavanya Chandrashekar will participate in the Citi 2026 Global TMT Conference on Tuesday, September 8, 2026. The session will begin at 10:50 AM EDT (7:50 AM PDT). To listen to the live webcast, please visit the News Corp website at https://investors.newscorp.com/calendar-events. A replay of the webcast is expected to be available at the same location for a period of time following the conference. About News Corp News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://www.newscorp.com. More News From News Corp Back to Newsroom
	Saved 2026-08-19 11:00 23d ago Published 2026-08-19 06:00 23d ago	America's Housing Market Looks More Balanced, Until You Look at Who Is Still Shopping NWS News Corp	FMP Stock News
Original source text New Realtor.com report finds a K-shaped market in which financially secure luxury buyers remain engaged while price-sensitive shoppers retreat , /PRNewswire/ -- The share of online home-shopping traffic going to homes priced below $370,000 has fallen 11.4 percentage points since 2021, to 42.8% in 2026, according to a new Realtor.com® report. That decline has brought buyer interest almost in line with the 42.2% share of listings in that price range, creating the appearance of a more balanced housing market, but largely because many price-sensitive shoppers have been priced out and have stopped searching. Today's market is splitting along financial lines. At the entry level, both the supply share and shopper engagement have contracted. At the upper end, inventory and buyer engagement have remained resilient, supported by buyers with stronger purchasing power. The result is a K-shaped housing market: one path for well-capitalized buyers who remain active, and another for households increasingly sidelined by affordability constraints. "The market is more balanced on the surface, but that balance is not the same as broad-based health," said Jiayi Xu, senior economist at Realtor.com®. "The narrowing gap between listing share and view share at lower price points is being driven in large part by the retreat of price-sensitive shoppers, not by a meaningful restoration of their buying power." A smaller price gap signals seller adjustment but not equal access The difference between the median list price and the median price of homes shoppers view is a useful proxy for the mismatch between what is available and what buyers want. That gap has narrowed and stabilized since late 2025 as sellers adjusted expectations upfront. In July 2026, the national median list price was $428,950, down 2.4% from $439,450 a year earlier, while the median price across views held steady at $425,000 in both July 2025 and July 2026. This alignment reflects a market in which sellers are pricing more realistically and the buyers who remain are more financially qualified. But the aggregate picture obscures a substantial shift in who is participating across price tiers. Inventory has shifted upmarket as entry-level demand exits Between 2021 and 2026, the number of homes for sale more than doubled, with growth disproportionately concentrated in mid- to upper-tier listings. On an average monthly basis, homes priced below $370,000 accounted for 50.0% of listings in 2021; by 2026, their share had declined to 42.2%. Buyer attention shifted even more sharply. In 2021, homes below $370,000 drew 54.2% of listing views, four percentage points above their share of listings, signaling demand that outstripped supply. In 2026, their view share was 42.8%, only 0.6 percentage points above their listing share. "In a typical supply-constrained entry-level market, fewer homes for sale would intensify competition for each listing," Xu said. "Instead, engagement with lower-priced homes has fallen to its lowest level since 2019. The data suggest that many households who would once have competed for these homes are no longer actively shopping at all." Entry-level engagement falls below pre-pandemic levels while luxury demand holds Views per listed property, a measure of shopper engagement and competition relative to available supply, dropped most sharply in the entry-level range and now sit below 2019 levels. The decline signals that lower-priced inventory is attracting less attention even as its share of the market has shrunk. The upper end tells a different story. Although views per property for high-tier homes are lower in 2026 than they were during the unusually competitive 2020–2025 period, they remain in line with 2019 levels despite an expansion of higher-tier inventory. The contrast underscores the growing role of buyer financial capacity in determining who can remain active in today's market. How the market has changed since the 2022 analysis This analysis updates the findings in Realtor.com®'s 2022 market mismatch report, which found that the median price of homes shoppers viewed averaged $30,000 below the median listing price from January through October 2022. The 2022 report also found that entry-level demand far exceeded available supply: homes priced from $90,000 to $310,000 generated a view share 1.2 times their listing share. Today, the headline mismatch has narrowed, the new data point to a more concerning form of alignment: entry-level shopper demand has contracted alongside the share of lower-priced inventory, while better-capitalized buyers continue to sustain activity at the top of the market. The change is not a return to a broadly accessible market; it is a more stratified one. In fact, an earlier look at housing supply alignment to market-wide measures of incomes conducted by Realtor.com and the National Association of Realtors confirms that an effective housing shortage remains, concentrated among lower-priced homes for sale. Methodology This analysis examines active residential listings and online shopper views for properties listed on Realtor.com® from January 2019 through July 2026. Data are segmented into $20,000 price tiers. Annual figures are calculated as the average of monthly data from January through July of each year, ensuring consistent seasonal comparison windows. About Realtor.com® For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media Contact: Mallory Micetich, [email protected] SOURCE Realtor.com
	Saved 2026-08-17 13:04 25d ago Published 2026-08-17 06:00 25d ago	Realtor.com® July Rent Report: Renting a Starter Home Costs Less Than Buying in All 50 Largest U.S. Metros, but the Gap Is Narrowing NWS News Corp	FMP Stock News
Original source text Median asking rent in the largest 50 metros falls for the 36th consecutive month; falling starter-home prices and wage gains improve buying conditions in seven markets , /PRNewswire/ -- Renting a starter home remains less expensive than buying in all 50 of the nation's largest metropolitan areas, according to the Realtor.com® July 2026 Rent Report. However, home price, rent trends, and wage growth in seven markets suggest a buying opportunity may be near, even as the Realtor.com® Market Clock® is signaling buyer friendly or buyer-leaning conditions in these areas. As the advantages of renting have narrowed over the past year as starter-home costs declined more quickly than rents, creating a more favorable backdrop for prospective buyers in select markets. The national median asking rent for 0-2 bedroom properties across the 50 largest metros was $1,695 in July, down $24, or 1.4%, from a year earlier. The decline marks the 36th consecutive month of annual rent decreases. Although median rent across all unit sizes remains $225, or 15.3%, above July 2019 levels, it is $69, or 3.9%, below its August 2022 peak. "Renters have gained meaningful financial breathing room over the last three years, and that advantage is still real in many major metros," said Jiayi Xu, senior economist at Realtor.com®. "But the savings gap is no longer moving in just one direction. Starter-home prices are falling faster than rents in many places, giving households who are ready to buy a stronger reason to stay engaged with the market." Rent declines extend across every unit size In July 2026, the median asking rent for two-bedroom units dropped 1.4% year over year, marking the 38th consecutive month of annual declines. At $1,893, the national median for two-bedroom units now sits $75 (-3.8%) below its July 2022 peak. Despite this broad-based softening, rents remain above pre-pandemic levels. Two-bedroom rents are 17.5% higher than in July 2019, one-bedroom rents are 14.6% higher and studio rents are 13.7% higher. Unit Size Median Rent Rent YoY Consecutive Months of Decline Total Decline from Peak Rent Change - 7 Years Overall $1,695 -1.4 % 36 -3.9 % 15.3 % Studio $1,435 -1.4 % 35 -3.4 % 13.7 % 1-Bedroom $1,581 -1.3 % 38 -4.8 % 14.6 % 2-Bedroom $1,893 -1.4 % 38 -3.8 % 17.5 % Renting still delivers significant monthly savings Across the 50 largest metros, the monthly cost of buying a starter home was $2,553 in July. However, home price, rent trends, and wage growth in a few key markets suggest a buying opportunity may be nearer. The national rent advantage narrowed by $65 from a year ago, when buying cost $923 more per month than renting vs $858 today. Over that period, median rent declined $24, while starter-home buying costs fell $89, reflecting a $57 drop from lower typical listing prices and a $33 decrease from a lower mortgage rate. To determine the monthly cost of buying a home, we find the median list price of 0-2 bedroom home listings (i.e., starter homes). As first-time homebuyers plan lower down payments, we assume a 10% down payment and use the 30-year fixed mortgage rate during the month to calculate a monthly mortgage payment. We also include the HOA fees, taxes, and homeowners insurance averaged at the metro levels as part of the costs. We then compare this buy cost with the median rent in each metro and focus on the difference between the monthly expenses for each. The biggest rent-versus-buy gaps were mostly concentrated in markets that have seen sustained rent relief over the past few years. Austin, Texas led the nation: renting a starter home costs $1,378 per month compared with $3,295 to buy, a $1,917 or 139.1% monthly difference. Seattle renters saved $1,961 or 103.8% per month, and Los Angeles renters saved $2,049 or 73.5% per month. The overall advantage of renting shrinks compared with a year ago In July 2026, the average monthly cost of buying a starter home in the largest 50 metros was $858 (50.6%) higher than renting, whereas the cost of buying was $923 (53.7%) higher than renting in July 2025. In other words, the overall advantage of renting narrowed by $65 across the largest 50 metros compared with a year ago. While the rent cost declined by $24, from $1,719 to $1,695, over the past 12 months, the buy cost for a starter home dropped by $89, from $2,642 to $2,553—including a $57 decline from changes in typical listing prices and a $33 decrease from a lower mortgage rate, because the 30-year fixed mortgage rate dropped from 6.72% in July 2025 to 6.54% in the last month. Top Rent-Favoring Markets, July 2026 Market Median Asking Rent Median Buy Cost $ Difference (Buy-Rent) % Difference (Buy- Rent)/Rent Austin-Round Rock-San Marcos, TX $1,378 $3,295 $1,917 139.1 % Seattle-Tacoma-Bellevue, WA $1,890 $3,851 $1,961 103.8 % Dallas-Fort Worth-Arlington, TX $1,463 $2,657 $1,194 81.6 % Columbus, OH $1,181 $2,111 $930 78.7 % Nashville-Davidson--Murfreesboro-- Franklin, TN $1,488 $2,646 $1,158 77.8 % Los Angeles-Long Beach-Anaheim, CA $2,787 $4,836 $2,049 73.5 % San Antonio-New Braunfels, TX $1,156 $1,982 $826 71.5 % Oklahoma City, OK $915 $1,543 $628 68.6 % Portland-Vancouver-Hillsboro, OR-WA $1,606 $2,697 $1,091 67.9 % San Diego-Chula Vista-Carlsbad, CA $2,677 $4,365 $1,688 63.1 % Buying conditions are improving in seven markets Renting may be cheaper today, but the balance is shifting in markets where starter-home listing prices are declining faster than rents and average weekly earnings are growing at or above the 3.8% national rate. Across the 50 largest metros, the median listing price of a starter home fell 2.9% year over year in July, compared with a 1.4% decline in rents. Seven markets met both measures: Oklahoma City; Orlando, Fla.; Seattle; Miami; Tampa, Fla.; Las Vegas; and Nashville, Tenn. These markets offer different degrees of rent savings today, but each is seeing conditions move more favorably for prospective buyers. Orlando is closest to a monthly crossover, where buying costs only $19 more per month than renting. Meanwhile, Oklahoma City, Seattle and Nashville pair some of the largest monthly savings from renting with improving purchase conditions. "Improving buying conditions do not make the decision to purchase automatic, especially when renting is still cheaper," Xu said. "These conditions do give renters more flexibility and confidence when making that decision. Households can continue to save while renting, or, if they are ready to buy, pursue a market where home prices, rents and earnings are increasingly working in their favor." Markets Where Buying Conditions Are Improving Market Median Asking Rent Median Asking rent, YOY Median listing price, YOY Average weekly earning, YOY (June 2026) Oklahoma City, OK $915 -1.5 % -9.0 % 4.1 % Orlando-Kissimmee- Sanford, FL $1,682 -1.6 % -7.7 % 3.8 % Seattle-Tacoma- Bellevue, WA $1,890 -1.0 % -5.9 % 4.0 % Miami-Fort Lauderdale-West Palm Beach, FL $2,279 -1.3 % -5.0 % 5.7 % Tampa-St. Petersburg- Clearwater, FL $1,635 -4.9 % -7.1 % 4.8 % Las Vegas- Henderson-North Las Vegas, NV $1,457 -1.8 % -3.4 % 4.4 % Nashville-Davidson-- Murfreesboro-- Franklin, TN $1,488 -3.9 % -5.4 % 3.9 % Rental Data – 50 Largest Metropolitan Areas – July 2026 Market Rent Cost YOY Rent Cost Buy Cost YOY Buy Cost $ Difference (Buy- Rent) % Difference (Buy- Rent)/ Rent, YOY, Median Listing Price (starter home) Atlanta-Sandy Springs- Roswell, GA $1,566 -2.2 % $2,233 -5.6 % $667 42.6 % -5.3 % Austin-Round Rock-San Marcos, TX $1,378 -3.2 % $3,295 -6.7 % $1,917 139.1 % -6.1 % Baltimore-Columbia-Towson, MD $1,849 0.8 % $2,016 -9.2 % $167 9.0 % -10.3 % Birmingham, AL $1,211 -0.5 % $1,279 -6.6 % $68 5.6 % -5.8 % Boston-Cambridge-Newton, MA-NH $2,939 -3.4 % $4,669 -5.1 % $1,730 58.9 % -4.1 % Buffalo-Cheektowaga, NY NA NA NA NA NA NA NA Charlotte-Concord-Gastonia, NC-SC $1,491 -2.3 % $2,153 -2.9 % $662 44.4 % -1.8 % Chicago-Naperville-Elgin, IL- IN $1,838 1.3 % $2,658 0.9 % $820 44.6 % 2.3 % Cincinnati, OH-KY-IN $1,327 -0.7 % $1,962 4.0 % $635 47.9 % 6.4 % Cleveland, OH $1,202 -1.6 % $1,567 3.9 % $365 30.4 % 6.6 % Columbus, OH $1,181 -1.7 % $2,111 0.1 % $930 78.7 % 1.7 % Dallas-Fort Worth-Arlington, TX $1,463 -2.3 % $2,657 0.3 % $1,194 81.6 % 1.5 % Denver-Aurora-Centennial, CO $1,772 -3.0 % $2,861 -6.9 % $1,089 61.5 % -6.5 % Detroit-Warren-Dearborn, MI $1,259 -1.3 % $1,686 -2.9 % $427 33.9 % -2.3 % Hartford-West Hartford-East Hartford, CT NA NA NA NA NA NA NA Houston-Pasadena-The Woodlands, TX $1,384 -2.4 % $2,244 -4.8 % $860 62.1 % -4.7 % Indianapolis-Carmel- Greenwood, IN $1,273 -1.6 % $1,710 -3.6 % $437 34.3 % -2.7 % Jacksonville, FL $1,479 -1.9 % $2,149 -6.1 % $670 45.3 % -6.0 % Kansas City, MO-KS $1,460 3.8 % $1,640 0.8 % $180 12.3 % 2.6 % Las Vegas-Henderson-North Las Vegas, NV $1,457 -1.8 % $2,131 -4.4 % $674 46.3 % -3.4 % Los Angeles-Long Beach- Anaheim, CA $2,787 -1.8 % $4,836 -4.9 % $2,049 73.5 % -4.0 % Louisville/Jefferson County, KY-IN $1,220 -1.9 % $1,657 0.9 % $437 35.8 % 2.5 % Memphis, TN-MS-AR $1,101 -5.2 % $1,379 -1.6 % $278 25.2 % -0.7 % Miami-Fort Lauderdale-West Palm Beach, FL $2,279 -1.3 % $2,971 -4.9 % $692 30.4 % -5.0 % Milwaukee-Waukesha, WI $1,716 -0.3 % $2,588 1.9 % $872 50.8 % 3.8 % Minneapolis-St. Paul- Bloomington, MN-WI $1,514 0.3 % $2,275 -5.8 % $761 50.3 % -5.7 % Nashville-Davidson-- Murfreesboro--Franklin, TN $1,488 -3.9 % $2,646 -6.2 % $1,158 77.8 % -5.4 % New Orleans-Metairie, LA NA NA NA NA NA NA NA New York-Newark-Jersey City, NY-NJ $2,972 0.3 % $4,795 -4.9 % $1,823 61.3 % -4.5 % Oklahoma City, OK $915 -1.5 % $1,543 -8.8 % $628 68.6 % -9.0 % Orlando-Kissimmee-Sanford, FL $1,682 -1.6 % $1,701 -6.9 % $19 1.1 % -7.7 % Philadelphia-Camden- Wilmington, PA-NJ-DE-MD $1,763 -0.8 % $2,331 -4.8 % $568 32.2 % -4.4 % Phoenix-Mesa-Chandler, AZ $1,433 -4.0 % $2,183 -7.1 % $750 52.3 % -6.7 % Pittsburgh, PA $1,452 1.5 % $1,583 -1.1 % $131 9.0 % 0.0 % Portland-Vancouver- Hillsboro, OR-WA $1,606 -1.6 % $2,697 -6.2 % $1,091 67.9 % -6.0 % Providence-Warwick, RI-MA NA NA NA NA NA NA NA Raleigh-Cary, NC $1,443 -1.3 % $2,289 -7.0 % $846 58.6 % -6.3 % Richmond, VA $1,527 -1.2 % $2,338 0.1 % $811 53.1 % 1.7 % Riverside-San Bernardino- Ontario, CA $2,043 -2.9 % $2,699 -2.7 % $656 32.1 % -1.6 % Rochester, NY NA NA NA NA NA NA NA Sacramento-Roseville- Folsom, CA $1,823 -2.2 % $2,840 -1.6 % $1,017 55.8 % -0.2 % San Antonio-New Braunfels, TX $1,156 -4.5 % $1,982 -6.2 % $826 71.5 % 4.5 % San Diego-Chula Vista- Carlsbad, CA $2,677 -2.7 % $4,365 3.2 % $1,688 63.1 % -2.5 % San Francisco-Oakland- Fremont, CA $2,941 2.5 % $4,415 -10.4 % $1,474 50.1 % -7.8 % San Jose-Sunnyvale-Santa Clara, CA $3,449 3.8 % $5,366 1.6 % $1,917 55.6 % 1.1 % Seattle-Tacoma-Bellevue, WA $1,890 -1.0 % $3,851 -1.8 % $1,961 103.8 % -5.9 % St. Louis, MO-IL $1,284 -1.9 % $1,621 0.3 % $337 26.2 % -1.2 % Tampa-St. Petersburg- Clearwater, FL $1,635 -4.9 % $1,994 -6.1 % $359 22.0 % -7.1 % Virginia Beach-Chesapeake- Norfolk, VA-NC $1,589 1.7 % $2,079 2.2 % $490 30.8 % 3.9 % Washington-Arlington- Alexandria, DC-VA-MD-WV $2,291 -2.3 % $2,972 -8.8 % $681 29.7 % -9.2 % Methodology: Rental data as of July 2026 for studio, 1-bedroom, or 2-bedroom units advertised for rent on Realtor.com. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within the 50 largest metropolitan areas. Realtor.com began publishing regular monthly rental trends reports in October 2020 with data history stretching to March 2019. About Realtor.com® For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media Contact: Mallory Micetich, [email protected] SOURCE Realtor.com
	Saved 2026-08-11 19:50 1mo ago Published 2026-08-11 15:40 1mo ago	The Future of News Has a Name: Meet 'Hamilton' from New York Post Media Group NWS News Corp	FMP Stock News
Original source text New York Post Media Group collaborates with Google Cloud to launch Hamilton, a personalized news experience built with the Gemini Enterprise Agent Platform New experience brings conversational search, custom news digests and smarter discovery to readers of The New York Post and The California Post , /PRNewswire/ -- New York Post Media Group (NYPMG), home of The New York Post, The California Post, Page Six, Page Six Hollywood and Decider, today announced the launch of Hamilton, a free, personalized news experience that transforms how readers discover, consume, and engage with journalism. Developed with Google Cloud's full-stack AI, including Gemini Enterprise Agent Platform, Hamilton is rolling out across The New York Post and The California Post apps, combining conversational search, personalized news digests, tailored recommendations, and intelligent notifications into a single reader experience built for the next era of news consumption. New York Post Media Group As The New York Post approaches its 225th anniversary this fall, Hamilton represents the latest chapter in the brand's long history of innovation, bringing cutting-edge technology to one of America's most iconic media institutions, while maintaining the sharp reporting, distinctive voice, and editorial standards readers trust. Named for New York Post founder Alexander Hamilton, Hamilton reflects the organization's continued commitment to serving readers as they discover and engage with journalism. Hamilton serves as readers' personal curator, creating a customized experience based on individual interests and reading habits. Through a dedicated Hamilton tab within The New York Post and The California Post apps, and also integrated throughout the entire app experience, readers can ask questions about stories and topics in a natural, conversational format; receive personalized news digests throughout the day; discover articles tailored to their interests; and engage more directly with The Post's signature reporting and commentary. Key features include: Hamilton Search: An AI-powered, citation-backed conversational search experience that transforms years of Post reporting into an interactive dialogue. Readers can ask questions in natural language, explore developing stories through personalized follow-up prompts, and instantly access sourced answers and related coverage from across The Post's newsroom. Built on Google Cloud's secure-by-design infrastructure, and with Gemini and Agent Search on the Gemini Enterprise Agent Platform, Hamilton lets readers talk to The Post the same way they'd talk to a friend. This secure architecture ensures that conversational responses are grounded in The Post's live newsroom database, delivering citation-backed, highly reliable interactions while ensuring The Post retains enterprise-grade protection over its high-value editorial assets. Post Express: A dynamic, AI-powered news briefing that delivers personalized digests throughout the day based on each reader's unique interests and habits. More than a traditional newsletter, Post Express intelligently surfaces the stories readers are most likely to care about, and sends them at the times each individual reader is most likely to engage, creating a truly personalized news experience. Picked For You: A personalized discovery engine, powered by Google's Recommendations AI, that continuously learns from reader interests and behavior to surface the stories, topics, and conversations most relevant to them. Unlike generic recommendation feeds, every experience is tailored to the individual reader, making no two Hamilton experiences exactly alike. Post Voices: A customized destination showcasing commentary, analysis, and opinion from readers' favorite New York Post and California Post columnists. By connecting audiences directly with the writers and viewpoints they engage with most, Post Voices creates a more personalized way to experience the ideas driving today's biggest conversations. Unlike many AI-driven media experiences, all editorial content featured through Hamilton originates from Post journalism and remains subject to the newsroom's editorial standards and oversight. Hamilton does not generate original news reporting or editorial perspectives. Behind the Technology: Google Cloud's Gemini Enterprise Agent Platform Behind the scenes, Hamilton is built on Google Cloud's secure-by-design infrastructure, Gemini Enterprise Agent Platform, and Google's advanced Gemini models. Together, these tools allow the app to dynamically route, understand, and synthesize reader queries to deliver instant, citation-backed answers in The Post's signature voice. To keep pace with a non-stop, 24/7 newsroom, Google Cloud's serverless data pipelines automatically power real-time metadata synchronization. This ensures newly published breaking news articles are ingested, indexed, and made searchable within seconds of publication. "For nearly 225 years, The Post has evolved alongside the way people consume news, from print presses to smartphones and now to AI," said Sean Giancola, Chief Executive Officer of New York Post Media Group. "Hamilton is the next evolution of that journey, creating a more personalized and conversational way for readers to discover, understand and engage with our journalism. It puts a personalized Post newsroom in your pocket, helping readers get to the stories they care about faster, go deeper on the topics they're following and discover more of the journalism that keeps them coming back every day." "Readers don't want more noise. They want more relevance, and The Post has always been at its best when it meets readers where they are," said Keith Poole, editor-in-chief of New York Post Media Group. "Today, that means building experiences that help audiences discover, understand and engage with our journalism in entirely new ways. Hamilton allows readers to explore stories through conversation, creating a smarter and more intuitive way to navigate the news while maintaining the rigorous reporting, editorial judgment and unmistakable Post voice that set our journalism apart." "Hamilton is the result of rethinking how a modern news experience should work," said Ariscielle Novicio, chief technology officer of New York Post Media Group. "Working with Google Cloud and leveraging Gemini Enterprise Agent Platform, we built a platform that can understand reader interests, personalize experiences in real time and create more intuitive ways to discover journalism. Our goal wasn't simply to add AI features. It was to make The Post smarter, more engaging and more relevant for every individual reader." "New York Post Media Group is setting a new blueprint for global publishing by proving how news brands can use AI to deliver deeply personalized experiences that keep reader privacy and control at the center," said Michael Clark, President of North America, Google Cloud. "Underpinned by Gemini Enterprise Agent Platform, Hamilton delivers a real-time, citation-backed conversational experience that respects the rigorous editorial standards of journalism while meeting the speed and scale of today's newsrooms." To get started with Hamilton, download The New York Post or The California Post app from the App Store or Google Play, create a free account, and tap the Hamilton icon within the app. About New York Post Media Group New York Post Media Group is home to the oldest continuously-published daily newspaper in the United States, The New York Post, founded by Alexander Hamilton in 1801. The California Post is the company's new West Coast news platform. In digital and in print, the California Post delivers sharp, engaging, straight-talking journalism for and about California. The New York Post Media Group portfolio also houses some of the nation's premier digital destinations for news, sports, and entertainment, including the fabled Page Six gossip column, a world leader in breaking celebrity news that has evolved into its own iconic and powerful brand. The Post Digital Network is composed of the flagship NYPost.com, CaliforniaPost.com, PageSix.com, including Page Six Style, and Decider.com, covering streaming television and movies. The New York Post Media Group is owned by News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV). SOURCE New York Post Media Group (NYPMG)
	Saved 2026-08-10 12:33 1mo ago Published 2026-08-10 06:00 1mo ago	Realtor.com®'s 2026 Hottest ZIP Codes in America: Peabody, Mass. Claims the Top Spot as Buyers Chase Space, Character Near Major Metros NWS News Corp	FMP Stock News
Original source text Listings in the top 10 ZIPs got up to 5.3x more views and sold as much as 42 days faster than the national average , /PRNewswire/ -- Peabody, Mass. (01960) joins the Hottest ZIPs for the third time since previously ranked No. 5 in 2018 and No.3 in 2021. For the fourth consecutive year, the Northeast and Midwest swept the rankings, with this year's list underscoring a clear shift in what today's buyers are willing to pay for: more square footage and established character, even if it means a longer commute or a smaller discount versus the surrounding metro. "This year's hottest ZIP codes tell us that buyers aren't simply chasing the lowest price tag anymore — they're chasing space, character and a manageable commute to a major job center, and they're willing to pay a premium to get it," said Hannah Jones, senior economist at Realtor.com®. "What's especially notable is how financially prepared these buyers are. Even in ZIP codes where typical local incomes aren't enough to cover today's home prices, buyers are showing up with larger down payments and stronger credit profiles than the national norm, which tells us this demand is real and well-capitalized." The 2026 Hottest ZIP Codes in America, in rank order, are: 01960 Peabody, Mass. in Boston-Cambridge-Newton, MA-NH* 07042 Montclair, N.J. in New York-Newark-Jersey City, NY-NJ 08080 Sewell, N.J. in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD* 14450 Fairport, N.Y. in Rochester, NY 01085 Westfield, Mass. in Springfield, MA 48154 Livonia, Mich. in Detroit-Warren-Dearborn, MI 17543 Lititz, Pa. in Lancaster, PA 06473 North Haven, Conn. in New Haven, CT 53151 New Berlin, Wi. in Milwaukee-Waukesha, WI 60187 Wheaton, Ill. in Chicago-Naperville-Elgin, IL-IN (Starred ZIPs are located in metros that were on last years' ranking) Three of this year's ZIPs and seven of the associated metro areas have appeared on the Hottest ZIP Codes list before, though none of this year's ZIPs repeated directly from last year's ranking — the overlap traces back to 2017, 2021 and 2024. Three ZIPs are appearing for the first time in every sense: Lititz, Pa. (17543), North Haven, Conn. (06473) and New Berlin, Wis. (53151), a sign that demand is continuing to spread into smaller markets within the same Northeast and Midwest corridors that have dominated the rankings in recent years. Regional Divergence Persists For the fourth year running, the South and West failed to produce a single entry on the list, while the Northeast and Midwest dominated with ZIPs spanning Massachusetts, New Jersey, New York, Connecticut, Pennsylvania, Wisconsin, Illinois and Michigan. Comparatively tight new-construction pipelines in these metros have kept a lid on supply, while more robust homebuilding and softer price growth across the South and West over the past two years have eased competition in those regions. Nationally, for-sale inventory remained 11.3% below pre-pandemic norms in June 2026 — but in the hottest ZIPs, that shortfall widened to 60.5%, more than five times the national gap, fueling the intense competition reflected in this year's rankings. Listings in the top 10 ZIPs also significantly outpaced the broader market on engagement and pace, drawing 3.0 to 5.3 times more views per property than the U.S. norm and selling 30 to 42 days faster. Homes in the Hottest ZIPs Are Selling Over Asking — the Rest of the Country Isn't Nationally, the typical home sold for about 2.3% below list price in the first half of 2026. In the 10 hottest ZIPs, nine of 10 saw homes sell at or above asking, with an average sale-to-list ratio of roughly 103.8%. Montclair, N.J. and Fairport, N.Y. stood out sharply, with homes selling 16.7% and 14.4% over asking, respectively — a sign of competitive conditions and possibly multiple-offer scenarios while much of the country returns to balanced or even buyer-favoring conditions. Buyers Pay Up for Space and a Commute Friendly Sweet Spot Today's buyers aren't just chasing affordability — they want it all. Nine of the 10 hottest ZIPs are priced above their surrounding metro, and eight of the 10 feature homes that run notably larger than the typical listing in their metro. Across all 10 ZIPs, the median home for sale measured 2,000 square feet, compared with a metro median of 1,600 and a national median of 1,800. In Montclair, N.J. (07042), homes for sale averaged 2,625 square feet in the first half of 2026 — 85.6% larger than the surrounding New York metro norm. These ZIPs also cluster in a similar commuting band, sitting roughly 10 to 20 miles from their metro's central business district — close enough to support a regular in-office schedule, far enough to offer the space and quiet of suburban living. The housing stock skews older, too, with a median year built across the 10 ZIPs averaging 1970, about a decade older than the all-ZIP average — a reminder that buyers are increasingly willing to pay a premium for well-located, established neighborhoods. Local Incomes Mostly Keep Pace — But Not Everywhere Seven of the 10 hottest ZIPs show local median household income running ahead of what's needed to afford the typical home there, assuming a 20% down payment and a 6.55% mortgage rate. Livonia, Mich. (48154) leads the group, with income running 64.2% above the threshold, followed by Sewell, N.J. (08080) at 39.6% and Fairport, N.Y. (14450) at 31.4%. Three ZIPs break from that pattern, most notably Montclair, N.J. (07042), where income runs 31.1% behind what's needed — a signal less about whether today's buyers can afford these homes and more about how much home values have outpaced the earnings of long-tenured residents. Today's Buyers Are Bringing More to the Table Buyer financial profiles across the hottest ZIPs run well ahead of the national norm. The average down payment across the list is 17.1%, compared with roughly 13.1% nationally, and the average median credit score is 766, versus about 747 nationally. Montclair, N.J. buyers posted the strongest profile in the sample, averaging a 22.1% down payment (more than $318,000) alongside a median FICO score of 783. Even the ZIPs at the lower end of the range, Westfield, Mass., and Peabody, Mass., still landed near the national FICO average while putting down $30,000 and $89,000, respectively — well above the national dollar norm of $25,300. Big-City ZIPs Draw Local Buyers, Smaller Markets Pull From Regional Hubs ZIP codes within the largest metros are largely sustained by their own residents. Wheaton, Ill. (60187) drew 77.0% of its listing viewership from within the Chicago metro, Montclair, N.J. (07042) pulled 74.6% from New York, and Peabody, Mass. (01960) drew 70.0% from Boston. Smaller-metro ZIPs told a different story: Sewell, N.J. (08080) pulled 48.4% of its views from Philadelphia but another 26.8% from New York, while New Berlin, Wis. (53151) split its demand between Milwaukee (49.6%) and Chicago (24.5%) — evidence that these markets are functioning partly as release valves for buyers priced out of a larger, pricier neighboring metro. Spotlight on Peabody, Mass., The Hottest Zip in America Peabody, Mass. (01960) joins the Hottest ZIPs for the third time it has joined the top ten hottest zips including No. 5 in 2018 and No.3 in 2021. Located about 20 miles north of downtown Boston, Peabody offers buyers highway access to the city, a North Shore setting and a blend of small-town character with proximity to a major job center. Homes there spent a median of just 20 days on the market in the first half of 2026 and sold modestly over asking, even as the typical U.S. home sold under list price. Demand is largely homegrown — 70.0% of Peabody's listing views came from within the Boston metro itself — and buyer financials there look close to the national norm, with a 14.0% average down payment and 747 median credit score, suggesting the math works for most buyers without requiring an outsized financial cushion. Top 50 Hottest ZIP Codes Rank ZIP Code ZIP Name Metro Area Views per Property Vs US Median Days on Market Median Listing Price 1 01960 Peabody Boston-Cambridge-Newton, MA-NH 4.09 20 $600,000 2 07042 Montclair New York-Newark-Jersey City, NY-NJ 3.3 18 $1,050,000 3 08080 Sewell Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 3.8 25 $426,000 4 14450 Fairport Rochester, NY 5.25 23 $429,000 5 01085 Westfield Springfield, MA 5.21 27 $381,000 6 48154 Livonia Detroit-Warren-Dearborn, MI 3.39 25 $338,000 7 17543 Lititz Lancaster, PA 3.84 28 $598,000 8 06473 North Haven New Haven, CT 5.34 30 $562,000 9 53151 New Berlin Milwaukee-Waukesha, WI 4.48 29 $445,000 10 60187 Wheaton Chicago-Naperville-Elgin, IL-IN 3.03 25 $575,000 11 06905 Stamford Bridgeport-Stamford-Danbury, CT 3.2 27 $691,000 12 61611 East Peoria Peoria, IL 4.01 31 $212,000 13 53140 Kenosha Kenosha, WI 3.13 28 $267,000 14 17402 York York-Hanover, PA 2.78 25 $394,000 15 03051 Hudson Manchester-Nashua, NH 3.13 27 $608,000 16 63011 Ballwin St. Louis, MO-IL 3.49 31 $455,000 17 19607 Reading Reading, PA 2.76 24 $301,000 18 44281 Wadsworth Cleveland, OH 4.16 32 $355,000 19 07840 Hackettstown Allentown-Bethlehem-Easton, PA-NJ 2.55 25 $511,000 20 06040 Manchester Hartford-West Hartford-East Hartford, CT 3.84 32 $392,000 21 54911 Appleton Appleton, WI 3.17 30 $280,000 22 23229 Henrico Richmond, VA 2.6 28 $515,000 23 48182 Temperance Monroe, MI 4.31 33 $311,000 24 03301 Concord Concord, NH 3.59 32 $437,000 25 61108 Rockford Rockford, IL 3.01 30 $212,000 26 17011 Camp Hill Harrisburg-Carlisle, PA 3.41 31 $366,000 27 66212 Overland Park Kansas City, MO-KS 2.66 26 $385,000 28 02886 Warwick Providence-Warwick, RI-MA 2.55 29 $457,000 29 44641 Louisville Canton-Massillon, OH 3.66 34 $269,000 30 35213 Birmingham Birmingham, AL 2.6 28 $526,000 31 06795 Watertown Waterbury-Shelton, CT 4.21 35 $505,000 32 43614 Toledo Toledo, OH 2.77 32 $222,000 33 43209 Columbus Columbus, OH 2.8 32 $448,000 34 21771 Mount Airy Baltimore-Columbia-Towson, MD 2.16 24 $734,000 35 55811 Duluth Duluth, MN-WI 4.32 36 $552,000 36 65109 Jefferson City Jefferson City, MO 2.75 33 $344,000 37 55110 Saint Paul Minneapolis-St. Paul-Bloomington, MN-WI 2.7 33 $381,000 38 44266 Ravenna Akron, OH 3.79 36 $254,000 39 62704 Springfield Springfield, IL 3.05 35 $192,000 40 13760 Endicott Binghamton, NY 3.6 35 $231,000 41 53405 Racine Racine-Mount Pleasant, WI 2.45 31 $241,000 42 68144 Omaha Omaha, NE-IA 2.2 27 $333,000 43 54303 Green Bay Green Bay, WI 2.48 32 $261,000 44 01007 Belchertown Amherst Town-Northampton, MA 2.6 33 $626,000 45 54401 Wausau Wausau, WI 4.91 38 $297,000 46 48813 Charlotte Lansing-East Lansing, MI 3.04 36 $284,000 47 51106 Sioux City Sioux City, IA-NE-SD 2.51 35 $248,000 48 25526 Hurricane Huntington-Ashland, WV-KY-OH 4.2 38 $350,000 49 61761 Normal Bloomington, IL 2.55 34 $343,000 50 01569 Uxbridge Worcester, MA 2.92 32 $622,000 To see the full list of State-Level Hottest ZIP codes, https://www.realtor.com/research/hottest-ZIP-codes-2026 Methodology: Realtor.com®'s Hottest ZIP Code rankings are based on an algorithm that takes into account two aspects of the housing market: 1) market demand, as measured by unique viewers per property on Realtor.com®, and 2) the pace of the market as measured by the number of days a listing remains active on Realtor.com®. The hottest areas are those that have high demand from buyers, in other words, lots of unique viewers per each property, and fast-selling homes, an indicator of limited supply. Market Hotness rankings based on Realtor.com® listing data from January to June 2026. The list of top ZIP codes is limited to one ZIP code per metropolitan area. Descriptive statistics in this write-up refer to June 2026 data unless otherwise noted. About Realtor.com® For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media Contact: Mallory Micetich, [email protected] SOURCE Realtor.com
	Saved 2026-08-06 09:53 1mo ago Published 2026-08-06 03:07 1mo ago	Amundi Sells 44,592 Shares of News Corporation $NWS NWS News Corp	FMP Stock News
Original source text Posted by Defense World Staff on Aug 6th, 2026 Amundi lessened its position in News Corporation (NASDAQ:NWS – Free Report) by 15.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 238,556 shares of the company’s stock after selling 44,592 shares during the quarter. Amundi’s holdings in News were worth $6,801,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds have also recently added to or reduced their stakes in NWS. NewEdge Advisors LLC bought a new position in shares of News during the 2nd quarter valued at $30,000. ExodusPoint Capital Management LP bought a new stake in News in the fourth quarter worth $37,000. Arax Advisory Partners bought a new position in shares of News during the fourth quarter valued at about $47,000. Resona Asset Management Co. Ltd. increased its holdings in shares of News by 69.0% in the fourth quarter. Resona Asset Management Co. Ltd. now owns 1,629 shares of the company’s stock worth $49,000 after buying an additional 665 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of News by 74.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,056 shares of the company’s stock worth $62,000 after buying an additional 878 shares during the period. Institutional investors own 14.63% of the company’s stock. News Stock Performance Shares of News stock opened at $33.13 on Thursday. News Corporation has a 12 month low of $25.49 and a 12 month high of $35.58. The firm has a market capitalization of $18.14 billion, a P/E ratio of 16.48 and a beta of 0.88. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $30.43 and a two-hundred day simple moving average of $29.26. News (NASDAQ:NWS – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.25 billion. News had a net margin of 12.92% and a return on equity of 6.12%. On average, equities analysts forecast that News Corporation will post 1.1 earnings per share for the current fiscal year. Analyst Ratings Changes Several analysts have weighed in on NWS shares. Weiss Ratings upgraded News from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Zacks Research downgraded shares of News from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, News presently has an average rating of “Moderate Buy”. Check Out Our Latest Report on News News Profile (Free Report) News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products. Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings. Read More Five stocks we like better than News SpaceX: Love the Company, But the Stock Is a Harder Call Ulta’s Growth Is Real, But So Are the Risks BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter. « PREVIOUS HEADLINEKontoor Brands, Inc. $KTB Shares Sold by Amundi NEXT HEADLINE »Aptiv (NYSE:APTV) Lowered to “Hold” Rating by Deutsche Bank Aktiengesellschaft
	Saved 2026-08-06 05:05 1mo ago Published 2026-08-05 23:04 1mo ago	News Q4 Earnings Call Highlights NWS News Corp	FMP Stock News
Original source text News NASDAQ: NWS reported record fourth-quarter profitability for fiscal 2026, with revenue rising 11% year over year to $2.3 billion and total segment EBITDA increasing 31% to $423 million. Net income from continuing operations climbed 167% to $230 million, while reported earnings per share rose to $0.33 from $0.09 a year earlier and adjusted EPS increased to $0.35 from $0.19. For the full fiscal year, revenue increased 7% to $9 billion and total segment EBITDA rose 15% to more than $1.6 billion. The company’s annual margin expanded to 18% from 16.7%, while free cash flow grew 42% to $811 million. Reported EPS for the year rose 23% to $1.03 and adjusted EPS increased 33% to $1.18. Get News alerts: Chief Executive Robert Thomson said the results marked the company’s 12th consecutive quarter of year-over-year revenue growth and its 13th consecutive quarter of total segment EBITDA growth from continuing operations. He said News Corp has shifted toward a majority-digital business with expanded premium recurring revenue streams. Chief Financial Officer Lavanya Chandrashekar said 61% of fiscal 2026 revenue was digital. She also pointed to three consecutive years of mid-teens profit growth on a continuing-operations basis and said the company sees “substantial runway” for further margin improvement. Capital returns and AI strategy News Corp stepped up share repurchases during the year, buying back $184 million of stock in the fourth quarter and $643 million for fiscal 2026, compared with $150 million in fiscal 2025. Chandrashekar said the annual repurchase total benefited from approximately $380 million in repayments of Foxtel shareholder loans. Thomson said the company believes its intellectual property and professional content are important inputs for artificial-intelligence products. News Corp has content relationships with OpenAI and Meta and is in advanced discussions with other companies, he said. At the same time, Thomson said the company is pursuing legal action against AI companies it alleges have improperly used its copyrighted material, specifically citing Perplexity and Brave. He said News Corp’s claims against Brave focus on alleged use of web crawlers and the repackaging of copyrighted articles for enterprise customers. In response to an analyst question, Thomson said the company views its AI agreements as partnerships rather than merely transactional arrangements. He said future agreements could include both broad arrangements with major AI companies and sector-specific deals. Chandrashekar said the Meta agreement announced in March is now contributing to the business at both Dow Jones and News Media. Dow Jones advances B2B growth Dow Jones posted fourth-quarter revenue of $644 million, up 7% from the prior year. Chandrashekar said the segment’s EBITDA was $181 million, up 20%, with margin expanding 310 basis points to 28.1%. Digital revenue represented 84% of segment revenue, compared with 83% a year earlier. Professional information revenue increased 5%, led by an 11% increase in Risk & Compliance revenue to $102 million. Dow Jones Energy revenue grew 4% to $76 million, with management citing the Middle East conflict and timing of new contracts as factors affecting growth. Chandrashekar said the pipeline for new energy contracts is robust and that the company expects improved growth in the first quarter. Digital-only subscriptions rose 9% to nearly 6.3 million, including approximately 194,000 sequential net additions, driven by enterprise news subscriptions. Digital advertising grew 10%, helping total advertising revenue rise 5% to $109 million despite a 6% decline in print advertising. The company increased the full price of a new Wall Street Journal digital subscription to $44.99 from $39.99 and raised introductory offer pricing. Chandrashekar said these actions have supported accelerated growth in digital direct-subscription average revenue per user. Real estate and publishing results Digital Real Estate Services revenue increased 19% to $553 million, while segment EBITDA rose 46% to $222 million. On an adjusted basis, revenue rose 10% and EBITDA increased 33%. REA revenue rose 21%, or 9% in constant currency, aided by price increases, add-on product growth and an 11% increase in Australian residential new-buy listings. Realtor.com revenue grew 13% to $167 million, its seventh consecutive quarter of revenue growth. Management said Realtor.com’s growth was driven by core real estate products, particularly its RealPro Select premium marketing product, as well as a focus on higher-priced listings. Adjacent categories including new homes, rentals and sellers accounted for 22% of Realtor.com revenue during the quarter. HarperCollins revenue increased 15% to $566 million and EBITDA rose 14% to $57 million. Digital revenue grew 12%, including a 16% increase in audiobook revenue and an 11% increase in e-book revenue. Chandrashekar said stronger frontlist demand, higher backlist sales and deluxe editions supported the quarter. Outlook For fiscal 2027, News Corp said it expects continued strong revenue performance at Dow Jones and improved B2B revenue growth, particularly at Dow Jones Energy. The company also expects continued margin expansion supported by disciplined reinvestment. Chandrashekar said Australian residential new-buy listings declined 2% in July. At Realtor.com, the company expects potential revenue improvement, though a broader housing recovery could be affected in the near term by rising mortgage rates. News Corp expects HarperCollins to benefit from a strong frontlist and an easier comparison with the prior year. In News Media, the company expects incremental expenses tied to the continued rollout of the California Post, partly offset by benefits from new content-licensing revenue. About News (NASDAQ:NWS)News Corporation NASDAQ: NWS is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company's operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products. Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Should You Invest $1,000 in News Right Now?Before you consider News, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and News wasn't on the list. While News currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential. Get This Free Report
	Saved 2026-08-06 00:16 1mo ago Published 2026-08-05 18:28 1mo ago	News Corp posts record profitability, 11% jump in Q4 revenue NWS News Corp	FMP Stock News
Original source text News Corp, the parent company of The New York Post, posted its highest profitability on record on Wednesday, driven by growth in its Dow Jones, digital real estate and book publishing divisions. The New York-based media giant said its fourth-quarter revenue grew 11% to $2.34 billion, beating analyst expectations. News Corp saw $230 million from continuing operations, or 33 cents a share — a whopping 167% increase compared to $86 million in the prior year. Adjusted earnings per share totaled 35 cents. Analysts polled by FactSet had expected 24 cents a share. News Corp beat Wall Street’s fourth-quarter expectations, due in part to strength in its digital real estate, book publishing and Dow Jones units. LP Media “We concluded Fiscal 2026 with an exceptional fourth quarter performance,” News Corp CEO Robert Thomson said in a statement. “Our record performance is a product of sustained focus on, and reinvestment in, News Corp’s core growth engines and our transformation to a digital-first company underpinned by insightful and trusted content,” he added. During the quarter, News Corp’s financial results were powered by a 7% jump in revenue to $644 million at its Dow Jones unit, which publishes The Wall Street Journal and MarketWatch. The firm saw a 19% increase at its real estate division to $553 million and a 15% jump in book publishing revenue to $566 million. News Corp CEO Robert Thomson touted the company’s artificial intelligence partnerships with Meta and OpenAI. Bloomberg via Getty Images Thomson — who previously ripped AI companies for failing to pay enough for content — touted News Corp’s artificial intelligence partnerships. “Much of the world is being reshaped by artificial intelligence, but artificial intelligence itself is only as useful and only as trustworthy as the quality of its inputs,” he said. “We believe that makes News Corp an absolutely critical participant in the emerging AI ecosystem. Without our journalists, our authors, our data, our brands and our professional expertise, users would be drowning in a slimy sea of AI slop.” He cited the company’s content relationships with OpenAI and Meta, noting that News Corp is in advance discussions with several other companies, before issuing a stern warning. “However, under our woo and sue approach, we are taking aggressive action against those who pilfer and profit from our work,” the exec said. “We will pursue those pilferers, and companies that are clients of these crass kleptomaniacs should know they are patently in possession of stolen goods.” For fiscal 2026, net income from continuing operations grew 15% to $743 million. Adjusted diluted earnings per share totaled $1.18. Annual revenue ticked up 7% to $9.03 billion.
	Saved 2026-08-05 21:52 1mo ago Published 2026-08-05 16:15 1mo ago	News Corporation Reports Fourth Quarter and Full Year Results for Fiscal 2026 NWS News Corp	FMP Stock News
Original source text NEW YORK--(BUSINESS WIRE)--News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months and fiscal year ended June 30, 2026. Commenting on the results, Chief Executive Robert Thomson said: “We concluded Fiscal 2026 with an exceptional fourth quarter performance, including an 11% increase in revenues to $2.34 billion and the highest profitability on record. Fourth quarter net income from continuing operations soared 167% to $230 million, while our earnings per share were $0.33, up from $0.09 in the prior year, and our adjusted EPS were $0.35, compared to $0.19 last year. Our core growth engines—Digital Real Estate Services, Dow Jones and Book Publishing—fueled a 31% surge in fourth quarter Total Segment EBITDA to $423 million. On a full year basis, News Corp reported another year of record revenue and profitability on a continuing operations basis, with growth accelerating to 7% and 15%, respectively, while operating cash flow grew 26% to $1.24 billion. As a result, free cash flow increased significantly, rising 42% to $811 million. Our enhanced cash position enabled us to aggressively return capital to shareholders, with the buyback accelerating to well over four times the prior year’s rate at $643 million. Our record performance is a product of sustained focus on, and reinvestment in, News Corp’s core growth engines and our transformation to a digital-first company underpinned by insightful and trusted content. Much of the world is being reshaped by artificial intelligence, but artificial intelligence itself is only as useful and only as trustworthy as the quality of its inputs. We believe that makes News Corp an absolutely critical participant in the emerging AI ecosystem. Without our journalists, our authors, our data, our brands and our professional expertise, users would be drowning in a slimy sea of AI slop. We have trusted content relationships with OpenAI and Meta, and are in advanced discussions with several other companies. However, under our woo and sue approach, we are taking aggressive action against those who pilfer and profit from our work. We will pursue those pilferers, and companies that are clients of these crass kleptomaniacs should know they are patently in possession of stolen goods.” FOURTH QUARTER RESULTS The Company reported fiscal 2026 fourth quarter total revenues of $2.34 billion, an 11% increase compared to $2.11 billion in the prior year period, primarily driven by higher real estate revenues at Digital Real Estate Services, higher print and digital sales at Book Publishing and higher circulation and subscription revenues at Dow Jones. Results included a $71 million, or 4%, positive impact from foreign currency fluctuations. Adjusted Revenues (which excludes the foreign currency impact, acquisitions and divestitures as defined in Note 2) increased 7% compared to the prior year. Net income from continuing operations for the quarter was $230 million, a 167% increase compared to $86 million in the prior year, primarily driven by higher Total Segment EBITDA, as discussed below, and lower impairment and restructuring charges. The Company reported fourth quarter Total Segment EBITDA of $423 million, a 31% increase compared to $322 million in the prior year, primarily driven by the strong revenue growth as discussed above. Adjusted Total Segment EBITDA (as defined in Note 2) increased 25%. Net income from continuing operations per share attributable to News Corporation stockholders was $0.33 as compared to $0.09 in the prior year. Adjusted EPS (as defined in Note 3) were $0.35 compared to $0.19 in the prior year. FULL YEAR RESULTS The Company reported fiscal 2026 full year total revenues of $9.03 billion, a 7% increase compared to $8.45 billion in the prior year. The increase was driven by higher revenues at the Digital Real Estate Services, Dow Jones and Book Publishing segments, the Company’s core growth engines, and a $189 million, or 2%, positive impact from foreign currency fluctuations. Adjusted Revenues increased 4%. Net income from continuing operations for the full year was $743 million, a 15% increase compared to $648 million in the prior year. The increase reflects higher Total Segment EBITDA, as discussed below, and higher interest income, partially offset by lower Other, net driven by the gain on the sale of REA Group’s investment in PropertyGuru in the prior year. Total Segment EBITDA for the full year was $1.63 billion, a 15% increase compared to $1.42 billion in the prior year primarily driven by strong contributions from the Digital Real Estate Services and Dow Jones segments, primarily as a result of higher revenues, as discussed above, and lower employee costs in the Other segment. Adjusted Total Segment EBITDA increased 12%. Diluted net income from continuing operations per share attributable to News Corporation stockholders was $1.03 as compared to $0.84 in the prior year. Adjusted diluted EPS were $1.18 compared to $0.89 in the prior year. SEGMENT REVIEW For the three months ended June 30, For the fiscal years ended June 30, 2026 2025 % Change 2026 2025 % Change (in millions) Better/ (Worse) (in millions) Better/ (Worse) Revenues: Dow Jones $ 644 $ 604 7 % $ 2,497 $ 2,331 7 % Digital Real Estate Services 553 466 19 % 2,016 1,802 12 % Book Publishing 566 494 15 % 2,288 2,149 6 % News Media 574 545 5 % 2,227 2,170 3 % Other — — — % — — — % Total Revenues $ 2,337 $ 2,109 11 % $ 9,028 $ 8,452 7 % Segment EBITDA: Dow Jones $ 181 $ 151 20 % $ 663 $ 588 13 % Digital Real Estate Services 222 152 46 % 741 601 23 % Book Publishing 57 50 14 % 287 296 (3 )% News Media 24 28 (14 )% 139 153 (9 )% Other (61 ) (59 ) (3 )% (203 ) (223 ) 9 % Total Segment EBITDA $ 423 $ 322 31 % $ 1,627 $ 1,415 15 % Dow Jones Fourth Quarter Segment Results Revenues in the quarter increased $40 million, or 7%, compared to the prior year, driven by higher circulation and subscription revenues and higher digital advertising revenues. Results included a $2 million, or 1%, positive impact from foreign currency fluctuations. Digital revenues at Dow Jones in the quarter represented 84% of total revenues compared to 83% in the prior year. Adjusted Revenues increased 6%. Circulation and subscription revenues increased $35 million, or 7%, reflecting higher content licensing revenue, a 5% increase in professional information business revenues, led by 11% growth in Dow Jones Risk & Compliance revenues to $102 million and 4% growth in Dow Jones Energy revenues to $76 million, and higher digital circulation revenues. Circulation revenues increased 3% compared to the prior year driven by the conversion of customers from introductory promotions to higher pricing and continued growth in digital-only subscriptions, partly offset by lower print volume. Digital circulation revenues accounted for 76% of circulation revenues for the quarter, compared to 75% in the prior year. During the fourth quarter, total average subscriptions to Dow Jones’ news products were over 6.7 million, a 7% increase compared to the prior year. Digital-only subscriptions to Dow Jones’ news products grew 9% to nearly 6.3 million. Total subscriptions to The Wall Street Journal grew 6% compared to the prior year, to 4.8 million average subscriptions in the quarter. Digital-only subscriptions to The Wall Street Journal grew 8% to nearly 4.5 million average subscriptions in the quarter, driven by growth in enterprise news subscriptions, and represented 93% of total Wall Street Journal subscriptions. For the three months ended June 30, 2026 2025 % Change (in thousands, except %) Better/(Worse) The Wall Street Journal Digital-only subscriptions 4,465 4,126 8 % Total subscriptions 4,827 4,538 6 % Barron’s Group Digital-only subscriptions 1,512 1,319 15 % Total subscriptions 1,602 1,432 12 % Total News Products Digital-only subscriptions 6,258 5,719 9 % Total subscriptions 6,725 6,261 7 % Advertising revenues for the quarter increased $5 million, or 5%, driven by digital advertising revenues, which grew 10%, partially offset by a 6% decrease in print advertising revenues. Digital advertising accounted for 69% of total advertising revenues for the quarter, compared to 65% in the prior year. Segment EBITDA for the quarter increased $30 million, or 20%, primarily as a result of the higher revenues discussed above, partially offset by increases in employee and technology costs. Adjusted Segment EBITDA increased 20%. Full Year Segment Results Fiscal 2026 full year revenues increased $166 million, or 7%, compared to the prior year driven by higher circulation and subscription and advertising revenues and a $17 million, or 1%, positive impact from foreign currency fluctuations. Digital revenues at Dow Jones represented 84% of total revenues compared to 82% in the prior year. Adjusted Revenues increased 6% compared to the prior year. Circulation and subscription revenues increased $136 million, or 7%, reflecting a 9% increase in professional information business revenues, led by 16% growth in Dow Jones Risk & Compliance revenues to $392 million and 8% growth in Dow Jones Energy revenues to $301 million, higher digital circulation revenues and higher content licensing revenues. Circulation revenues increased 3% compared to the prior year, reflecting the conversion of customers from introductory promotions to higher pricing and continued growth in digital-only subscriptions, driven by growth in enterprise news subscriptions, partly offset by lower print volume. Digital circulation revenues accounted for 76% of circulation revenues for the year, compared to 74% in the prior year. Advertising revenue increased $22 million, or 6%, due to a 9% increase in digital advertising revenues. Digital advertising revenues accounted for 67% of total advertising revenues for the year, compared to 65% in the prior year. Segment EBITDA for fiscal 2026 increased $75 million, or 13%, compared to the prior year, primarily due to higher revenues, as noted above, partially offset by higher employee and marketing costs. Adjusted Segment EBITDA increased 13%. Digital Real Estate Services Fourth Quarter Segment Results Revenues in the quarter increased $87 million, or 19%, compared to the prior year, driven by higher revenues at both REA Group and Move. Segment EBITDA in the quarter increased $70 million, or 46%, compared to the prior year, due to higher contribution from both REA Group and Move. Adjusted Revenues and Adjusted Segment EBITDA increased 10% and 33%, respectively. In the quarter, revenues at REA Group increased $68 million, or 21%, to $386 million, driven by higher Australian residential revenues due to price increases and growth in add-on products and a $38 million, or 12%, positive impact from foreign currency fluctuations, partially offset by unfavorable geographical mix. Australian national residential buy listing volumes in the quarter rose 11% compared to the prior year, with listings in Sydney and Melbourne each up 8%. REA India has announced the sale of its remaining business, Housing.com, to listed Aurum Proptech Limited. Move’s revenues in the quarter increased $19 million, or 13%, to $167 million, primarily as a result of higher sales of RealPRO SelectSM, as Move continues to shift its focus to more premium offerings with higher revenues per lead, and revenue growth in seller, new homes and rentals. Based on Move’s internal data, average monthly unique users of Realtor.com®’s web and mobile sites for the fiscal fourth quarter were 68 million, a 6% decrease compared to the prior year driven primarily by broader macroeconomic trends and a focus on higher quality leads, with volumes increasing 1% compared to the prior year period. According to Comscore, monthly average visits for the fourth quarter for Realtor.com® were 297 million, increasing its share to 33% of total visits to all U.S. real estate portals, and leading the industry in engagement, as measured by visits per unique user. Full Year Segment Results Fiscal 2026 full year revenues increased $214 million, or 12%, compared to the prior year, driven by higher revenues at both REA Group and Move including a $63 million, or 4%, positive impact from foreign currency fluctuations. Segment EBITDA for fiscal 2026 increased $140 million, or 23%, compared to the prior year, including a $32 million, or 5%, positive impact from foreign currency fluctuations, driven by higher revenues and the absence of $12 million of costs related to the withdrawn offer to acquire Rightmove in the prior year, partly offset by higher employee costs primarily at Move, higher broker commissions and higher marketing costs. Adjusted Revenues and Adjusted Segment EBITDA increased 8% and 19%, respectively. In the fiscal year, REA Group’s revenues increased $156 million, or 12%, to $1.41 billion, including a $63 million, or 5%, positive impact from foreign currency fluctuations, primarily due to higher Australian residential revenues driven by price increases and growth in add on products and higher financial services revenue, partly offset by a decline in revenues from REA India. Move’s revenues in the fiscal year increased $58 million, or 11%, to $610 million, primarily as a result of higher sales of RealPRO SelectSM, as Move shifts its focus to more premium offerings, and revenue growth in seller, new homes and rentals. Book Publishing Fourth Quarter Segment Results Revenues in the quarter increased $72 million, or 15%, compared to the prior year, driven by higher physical and digital book sales, which included strength in General Books, the U.K. and Children’s Publishing. The increase included a $3 million, or 1%, positive impact from foreign currency fluctuations. Adjusted Revenues increased 13%. Digital sales increased 12% compared to the prior year driven by an increase in audiobook and e-book sales. Digital sales represented 24% of consumer revenues for the quarter compared to 25% for the prior year period. Backlist sales represented approximately 60% of consumer revenues in the quarter compared to 65% in the prior year, driven by the robust frontlist slate. Segment EBITDA for the quarter increased $7 million, or 14%, compared to the prior year, due to the higher revenues discussed above, partially offset by higher costs due to higher sales volume and mix of titles. Adjusted Segment EBITDA increased 12%. Full Year Segment Results Fiscal 2026 full year revenues increased $139 million, or 6%, compared to the prior year, which includes a $31 million impact from recent acquisitions, primarily due to higher physical and digital book sales, including strong performance from Rachel Reid’s Game Changers titles and strength in Christian Publishing, and a $28 million, or 1%, positive impact from foreign currency fluctuations. Adjusted Revenues increased 4% compared to the prior year. Digital sales increased 4% compared to the prior year, representing 23% of consumer revenues for the year compared to 24% in the prior year. Backlist sales represented approximately 62% of consumer revenues for the year compared to 64% in the prior year. Segment EBITDA for fiscal 2026 decreased $9 million, or 3%, from the prior year driven by higher costs due to higher sales volume, higher employee costs, a $16 million one-time write-off in the second quarter of fiscal 2026 primarily related to inventory at HarperCollins’ international operations and a $13 million write-off of a customer receivable related to the closure of a book distributor, partially offset by the higher revenues discussed above. Adjusted Segment EBITDA decreased 4%. News Media Fourth Quarter Segment Results Revenues in the quarter increased $29 million, or 5%, compared to the prior year, primarily due to a $28 million, or 5%, positive impact from foreign currency fluctuations. Adjusted Revenues for the segment were flat compared to the prior year. Circulation and subscription revenues increased $19 million, or 7%, compared to the prior year, due to a $13 million, or 5%, positive impact from foreign currency fluctuations, increased cover and subscription pricing and higher content licensing revenues, partially offset by print volume declines. Advertising revenues decreased $1 million, compared to the prior year, primarily due to lower print advertising revenues, mostly offset by a $9 million, or 5%, positive impact from foreign currency fluctuations. Results also included a benefit at News Broadcasting related to the FIFA World Cup. In the quarter, Segment EBITDA decreased $4 million, or 14%, compared to the prior year, driven by higher costs at News Broadcasting including for the FIFA World Cup and costs related to the recently launched California Post, partially offset by lower Talk costs. Adjusted Segment EBITDA decreased 18%. Digital revenues represented 41% of News Media segment revenues in the quarter, compared to 38% in the prior year, and represented 39% of the combined revenues of the newspaper mastheads. Digital subscribers and users across key properties within the News Media segment are summarized below: Closing digital subscribers at News Corp Australia as of June 30, 2026 were 1,162,000 (981,000 for news mastheads), compared to 1,166,000 (993,000 for news mastheads) in the prior year (Source: Internal data). The Times and Sunday Times closing digital subscribers, including the Times Literary Supplement, as of June 30, 2026 were 681,000, compared to 640,000 in the prior year (Source: Internal data). The Sun’s digital offering reached 65 million global monthly unique users in June 2026, compared to 87 million in the prior year (Source: Meta Pixel). New York Post’s digital network reached 77 million unique users in June 2026, compared to 90 million in the prior year (Source: Google Analytics). Full Year Segment Results Fiscal 2026 full year revenues increased $57 million, or 3%, compared to the prior year, primarily driven by an $81 million, or 4%, positive impact from foreign currency fluctuations. Adjusted Revenues for the segment decreased 1% compared to the prior year. Circulation and subscription revenues increased $57 million, or 5%, compared to the prior year, primarily due to a $43 million, or 4%, positive impact from foreign currency fluctuations, increased cover pricing, higher content licensing revenues and digital subscriber growth in the U.K., partially offset by print volume declines. Advertising revenues decreased $16 million, or 2%, compared to the prior year, primarily due to lower print advertising revenues, partially offset by a $28 million, or 3% positive impact from foreign currency fluctuations. Segment EBITDA for fiscal 2026 decreased $14 million, or 9%, compared to the prior year, primarily driven by costs related to the recently launched California Post and higher costs at News Broadcasting including for the FIFA World Cup, partially offset by lower Talk costs. Adjusted Segment EBITDA decreased 14% compared to the prior year. CASH FLOW The following table presents a reconciliation of net cash provided by operating activities from continuing operations to free cash flow: For the fiscal years ended June 30, 2026 2025 (in millions) Net cash provided by operating activities from continuing operations $ 1,237 $ 978 Less: Capital expenditures (426 ) (407 ) Free cash flow $ 811 $ 571 Net cash provided by operating activities from continuing operations of $1,237 million for the fiscal year ended June 30, 2026 was $259 million higher than net cash provided by operating activities from continuing operations of $978 million in the prior year, primarily due to higher Total Segment EBITDA and working capital improvements, partially offset by higher cash tax and restructuring payments. Free cash flow in the fiscal year ended June 30, 2026 was $811 million compared to $571 million in the prior year. The increase in free cash flow was primarily due to higher cash provided by operating activities from continuing operations, as discussed above, partially offset by the $19 million increase in capital expenditures. Free cash flow is a non-GAAP financial measure. Free cash flow is defined as net cash provided by (used in) operating activities from continuing operations, less capital expenditures. Free cash flow excludes cash flows from discontinued operations. Free cash flow may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what items should be included in the calculation of free cash flow. Free cash flow does not represent the total increase or decrease in the cash balance for the period and should be considered in addition to, not as a substitute for, the net change in cash and cash equivalents as presented in the Company’s consolidated statements of cash flows prepared in accordance with GAAP, which incorporates all cash movements during the period. The Company believes free cash flow provides useful information to management and investors about the Company’s liquidity and cash flow trends. OTHER ITEMS Dividends The Company declared today a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. This dividend is payable on October 7, 2026 to stockholders of record as of September 9, 2026. COMPARISON OF NON-GAAP TO U.S. GAAP INFORMATION Adjusted Revenues, Total Segment EBITDA, Adjusted Total Segment EBITDA, Adjusted Segment EBITDA, adjusted net income attributable to News Corporation stockholders, Adjusted EPS, constant currency revenues and free cash flow are non-GAAP financial measures contained in this earnings release. The Company believes these measures are important tools for investors and analysts to use in assessing the Company’s underlying business performance and to provide for more meaningful comparisons of the Company’s operating performance between periods. These measures also allow investors and analysts to view the Company’s business from the same perspective as Company management. These non-GAAP measures may be different than similar measures used by other companies and should be considered in addition to, not as a substitute for, measures of financial performance calculated in accordance with GAAP. Reconciliations for the differences between non-GAAP measures used in this earnings release and comparable financial measures calculated in accordance with U.S. GAAP are included in Notes 1, 2, 3 and 4 and the reconciliation of net cash provided by operating activities from continuing operations to free cash flow is included above. Conference call News Corporation’s earnings conference call can be heard live at 5:00 p.m. EDT on August 5, 2026. To listen to the call, please visit http://investors.newscorp.com. Cautionary Statement Concerning Forward-Looking Statements This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding trends and uncertainties affecting the Company’s business, results of operations and financial condition, the Company’s strategy and strategic initiatives, including potential acquisitions, investments and dispositions, the Company’s cost savings initiatives and the outcome of contingencies such as litigation and investigations. These statements are based on management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to the risks, uncertainties and other factors described in the Company’s filings with the Securities and Exchange Commission. More detailed information about factors that could affect future results is contained in our filings with the Securities and Exchange Commission. The “forward-looking statements” included in this document are made only as of the date of this document and we do not have and do not undertake any obligation to publicly update any “forward-looking statements” to reflect subsequent events or circumstances, and we expressly disclaim any such obligation, except as required by law or regulation. About News Corporation News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: www.newscorp.com. NEWS CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) For the three months ended June 30, For the fiscal years ended June 30, 2026 2025 2026 2025 Revenues: Circulation and subscription $ 820 $ 766 $ 3,203 $ 3,009 Advertising 363 353 1,391 1,367 Consumer 538 462 2,185 2,047 Real estate 435 358 1,571 1,410 Other 181 170 678 619 Total Revenues 2,337 2,109 9,028 8,452 Operating expenses (991 ) (917 ) (3,892 ) (3,736 ) Selling, general and administrative (923 ) (870 ) (3,509 ) (3,301 ) Depreciation and amortization (128 ) (120 ) (485 ) (459 ) Impairment and restructuring charges (46 ) (81 ) (113 ) (132 ) Equity losses of affiliates (3 ) (4 ) (8 ) (15 ) Interest income, net 9 5 29 3 Other, net 23 10 (4 ) 111 Income before income tax expense from continuing operations 278 132 1,046 923 Income tax expense from continuing operations (48 ) (46 ) (303 ) (275 ) Net income from continuing operations 230 86 743 648 Net income from discontinued operations, net of tax — 690 — 692 Net income 230 776 743 1,340 Net income attributable to noncontrolling interests from continuing operations (51 ) (33 ) (170 ) (168 ) Net loss attributable to noncontrolling interests from discontinued operations — — — 8 Net income attributable to News Corporation stockholders $ 179 $ 743 $ 573 $ 1,180 Weighted-average shares outstanding Basic 546.5 565.9 556.5 567.7 Diluted 548.9 568.6 558.4 569.9 Net income attributable to News Corporation stockholders per share: Basic Continuing operations $ 0.33 $ 0.09 $ 1.03 $ 0.85 Discontinued operations $ — $ 1.22 $ — $ 1.23 $ 0.33 $ 1.31 $ 1.03 $ 2.08 Diluted Continuing operations $ 0.33 $ 0.09 $ 1.03 $ 0.84 Discontinued operations $ — $ 1.22 $ — $ 1.23 $ 0.33 $ 1.31 $ 1.03 $ 2.07 NEWS CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited; in millions) As of June 30, 2026 As of June 30, 2025 ASSETS Current assets: Cash and cash equivalents $ 2,095 $ 2,403 Receivables, net 1,757 1,562 Inventory, net 302 327 Other current assets 328 519 Total current assets 4,482 4,811 Non-current assets: Investments 1,002 1,016 Property, plant and equipment, net 1,398 1,331 Operating lease right-of-use assets 754 789 Intangible assets, net 1,837 1,930 Goodwill 4,542 4,373 Deferred income tax assets, net 251 254 Other non-current assets 1,278 1,000 Total assets $ 15,544 $ 15,504 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 412 $ 335 Accrued expenses 1,080 1,036 Deferred revenue 543 498 Current borrowings — 25 Other current liabilities 726 714 Total current liabilities 2,761 2,608 Non-current liabilities: Borrowings 1,989 1,937 Retirement benefit obligations 97 117 Deferred income tax liabilities, net 108 57 Operating lease liabilities 840 904 Other non-current liabilities 513 492 Commitments and contingencies Equity: Class A common stock 4 4 Class B common stock 2 2 Additional paid-in capital 10,380 11,058 Accumulated deficit (312 ) (747 ) Accumulated other comprehensive loss (1,548 ) (1,543 ) Total News Corporation stockholders' equity 8,526 8,774 Noncontrolling interests 710 615 Total equity 9,236 9,389 Total liabilities and equity $ 15,544 $ 15,504 NEWS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited; in millions) For the fiscal years ended June 30, 2026 2025 Operating activities: Net income $ 743 $ 1,340 Net income from discontinued operations, net of tax — (692 ) Net income from continuing operations 743 648 Adjustments to reconcile net income from continuing operations to net cash provided by operating activities from continuing operations: Depreciation and amortization 485 459 Operating lease expense 69 74 Equity losses of affiliates 8 15 Impairment charges 27 12 Deferred income taxes 41 83 Other, net 9 (107 ) Change in operating assets and liabilities, net of acquisitions: Receivables and other assets (237 ) (96 ) Inventories, net 33 (46 ) Accounts payable and other liabilities 59 (64 ) Net cash provided by operating activities from continuing operations 1,237 978 Investing activities: Capital expenditures (426 ) (407 ) Acquisitions, net of cash acquired (122 ) (96 ) Purchases of investments in equity affiliates and other (60 ) (154 ) Proceeds from sales of investments in equity affiliates and other 89 274 Other, net (20 ) (23 ) Net cash used in investing activities from continuing operations (539 ) (406 ) Financing activities: Borrowings 125 61 Repayment of borrowings (100 ) (203 ) Repurchase of News Corp shares (641 ) (150 ) Repurchase of REA Group shares (141 ) — Dividends paid (204 ) (185 ) Other, net (53 ) (47 ) Net cash used in financing activities from continuing operations (1,014 ) (524 ) Cash flows from discontinued operations: Net cash (used in) provided by operating activities from discontinued operations (6 ) 156 Net cash provided by investing activities from discontinued operations — 253 Net cash used in financing activities from discontinued operations — (39 ) Net cash (used in) provided by discontinued operations (6 ) 370 Net change in cash and cash equivalents, including discontinued operations (322 ) 418 Effect of exchange rate changes on cash and cash equivalents, including discontinued operations 14 25 Cash and cash equivalents, including discontinued operations, beginning of year 2,403 1,960 Cash and cash equivalents, including discontinued operations, end of year 2,095 2,403 Less: Cash and cash equivalents at end of period of discontinued operations — — Cash and cash equivalents $ 2,095 $ 2,403 NOTE 1 – TOTAL SEGMENT EBITDA Segment EBITDA is defined as revenues less operating expenses and selling, general and administrative expenses. Segment EBITDA does not include: depreciation and amortization, impairment and restructuring charges, equity losses of affiliates, interest (expense) income, net, other, net, income tax (expense) benefit and net income (loss) from discontinued operations, net of tax. Management believes that Segment EBITDA is an appropriate measure for evaluating the operating performance of the Company’s business segments because it is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of and allocate resources within the Company’s businesses. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences). Total Segment EBITDA is a non-GAAP measure and should be considered in addition to, not as a substitute for, net income (loss) from continuing operations, cash flow from continuing operations and other measures of financial performance reported in accordance with GAAP. In addition, this measure does not reflect cash available to fund requirements and excludes items, such as depreciation and amortization and impairment and restructuring charges, which are significant components in assessing the Company’s financial performance. The Company believes that the presentation of Total Segment EBITDA provides useful information regarding the Company’s operations and other factors that affect the Company’s reported results. Specifically, the Company believes that by excluding certain one-time or non-cash items such as impairment and restructuring charges and depreciation and amortization, as well as potential distortions between periods caused by factors such as financing and capital structures and changes in tax positions or regimes, the Company provides users of its consolidated financial statements with insight into both its core operations as well as the factors that affect reported results between periods but which the Company believes are not representative of its core business. As a result, users of the Company’s consolidated financial statements are better able to evaluate changes in the core operating results of the Company across different periods. The following tables reconcile net income from continuing operations to Total Segment EBITDA for the three months and fiscal years ended June 30, 2026 and 2025: For the three months ended June 30, 2026 2025 Change % Change (in millions) Net income from continuing operations 230 86 144 167 % Reconciling items: Income tax expense from continuing operations 48 46 2 4 % Other, net (23 ) (10 ) (13 ) (130 )% Interest income, net (9 ) (5 ) (4 ) (80 )% Equity losses of affiliates 3 4 (1 ) (25 )% Impairment and restructuring charges 46 81 (35 ) (43 )% Depreciation and amortization 128 120 8 7 % Total Segment EBITDA $ 423 $ 322 $ 101 31 % For the fiscal years ended June 30, 2026 2025 Change % Change (in millions) Net income from continuing operations 743 648 95 15 % Reconciling items: Income tax expense from continuing operations 303 275 28 10 % Other, net 4 (111 ) 115 Interest income, net (29 ) (3 ) (26 ) (867 )% Equity losses of affiliates 8 15 (7 ) (47 )% Impairment and restructuring charges 113 132 (19 ) (14 )% Depreciation and amortization 485 459 26 6 % Total Segment EBITDA $ 1,627 $ 1,415 $ 212 15 % Not meaningful NOTE 2 – ADJUSTED REVENUES, ADJUSTED TOTAL SEGMENT EBITDA AND ADJUSTED SEGMENT EBITDA The Company uses revenues, Total Segment EBITDA and Segment EBITDA excluding the impact of acquisitions, divestitures, fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World (the “U.K. Newspaper Matters”), charges for other significant, non-ordinary course legal or regulatory matters (“litigation charges”) and foreign currency fluctuations (“Adjusted Revenues,” “Adjusted Total Segment EBITDA” and “Adjusted Segment EBITDA,” respectively) to evaluate the performance of the Company’s core business operations exclusive of certain items that impact the comparability of results from period to period such as the unpredictability and volatility of currency fluctuations. The Company calculates the impact of foreign currency fluctuations for businesses reporting in currencies other than the U.S. dollar by multiplying the results for each quarter in the current period by the difference between the average exchange rate for that quarter and the average exchange rate in effect during the corresponding quarter of the prior year and totaling the impact for all quarters in the current period. The calculation of Adjusted Revenues, Adjusted Total Segment EBITDA and Adjusted Segment EBITDA may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what type of events warrant adjustment. Adjusted Revenues, Adjusted Total Segment EBITDA and Adjusted Segment EBITDA are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for amounts determined under GAAP as measures of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors. The following tables reconcile reported revenues and reported Total Segment EBITDA to Adjusted Revenues and Adjusted Total Segment EBITDA for the three months and fiscal years ended June 30, 2026 and 2025: Revenues Total Segment EBITDA For the three months ended June 30, For the three months ended June 30, 2026 2025 Difference 2026 2025 Difference (in millions) (in millions) As reported $ 2,337 $ 2,109 $ 228 $ 423 $ 322 $ 101 Impact of acquisitions (13 ) — (13 ) — — — Impact of divestitures — (4 ) 4 — (1 ) 1 Impact of foreign currency fluctuations (71 ) — (71 ) (23 ) — (23 ) Net impact of U.K. Newspaper Matters — — — — (1 ) 1 As adjusted $ 2,253 $ 2,105 $ 148 $ 400 $ 320 $ 80 Revenues Total Segment EBITDA For the fiscal years ended June 30, For the fiscal years ended June 30, 2026 2025 Difference 2026 2025 Difference (in millions) (in millions) As reported $ 9,028 $ 8,452 $ 576 $ 1,627 $ 1,415 $ 212 Impact of acquisitions (65 ) — (65 ) 9 — 9 Impact of divestitures (3 ) (19 ) 16 1 2 (1 ) Impact of foreign currency fluctuations (189 ) — (189 ) (43 ) — (43 ) Net impact of U.K. Newspaper Matters — — — 1 9 (8 ) As adjusted $ 8,771 $ 8,433 $ 338 $ 1,595 $ 1,426 $ 169 Foreign Exchange Rates Average foreign exchange rates used in the calculation of the impact of foreign currency fluctuations for the three months and fiscal years ended June 30, 2026 and 2025 are as follows: Fiscal Year 2026 Q1 Q2 Q3 Q4 U.S. Dollar per Australian Dollar $0.65 $0.66 $0.69 $0.71 U.S. Dollar per British Pound Sterling $1.35 $1.33 $1.35 $1.34 Fiscal Year 2025 Q1 Q2 Q3 Q4 U.S. Dollar per Australian Dollar $0.67 $0.65 $0.63 $0.64 U.S. Dollar per British Pound Sterling $1.30 $1.28 $1.26 $1.33 Adjusted Revenues and Adjusted Segment EBITDA by segment for the three months and fiscal years ended June 30, 2026 and 2025 are as follows: For the three months ended June 30, 2026 2025 % Change (in millions) Better/(Worse) Adjusted Revenues: Dow Jones $ 640 $ 604 6 % Digital Real Estate Services 507 463 10 % Book Publishing 560 494 13 % News Media 546 544 — % Other — — — % Adjusted Total Revenues $ 2,253 $ 2,105 7 % Adjusted Segment EBITDA: Dow Jones $ 181 $ 151 20 % Digital Real Estate Services 201 151 33 % Book Publishing 56 50 12 % News Media 23 28 (18 )% Other (61 ) (60 ) (2 )% Adjusted Total Segment EBITDA $ 400 $ 320 25 % For the fiscal years ended June 30, 2026 2025 % Change (in millions) Better/(Worse) Adjusted Revenues: Dow Jones $ 2,463 $ 2,331 6 % Digital Real Estate Services 1,935 1,793 8 % Book Publishing 2,229 2,149 4 % News Media 2,144 2,160 (1 )% Other — — — % Adjusted Total Revenues $ 8,771 $ 8,433 4 % Adjusted Segment EBITDA: Dow Jones $ 664 $ 588 13 % Digital Real Estate Services 716 601 19 % Book Publishing 284 296 (4 )% News Media 133 155 (14 )% Other (202 ) (214 ) 6 % Adjusted Total Segment EBITDA $ 1,595 $ 1,426 12 % The following tables reconcile reported revenues and Segment EBITDA by segment to Adjusted Revenues and Adjusted Segment EBITDA by segment for the three months and fiscal years ended June 30, 2026 and 2025: For the three months ended June 30, 2026 As Reported Impact of Acquisitions Impact of Divestitures Impact of Foreign Currency Fluctuations Net Impact of U.K. Newspaper Matters As Adjusted (in millions) Revenues: Dow Jones $ 644 $ (2 ) $ — $ (2 ) $ — $ 640 Digital Real Estate Services 553 (8 ) — (38 ) — 507 Book Publishing 566 (3 ) — (3 ) — 560 News Media 574 — — (28 ) — 546 Other — — — — — — Total Revenues $ 2,337 $ (13 ) $ — $ (71 ) $ — $ 2,253 Segment EBITDA: Dow Jones $ 181 $ — $ — $ — $ — $ 181 Digital Real Estate Services 222 — — (21 ) — 201 Book Publishing 57 — — (1 ) — 56 News Media 24 — — (1 ) — 23 Other (61 ) — — — — (61 ) Total Segment EBITDA $ 423 $ — $ — $ (23 ) $ — $ 400 For the three months ended June 30, 2025 As Reported Impact of Acquisitions Impact of Divestitures Impact of Foreign Currency Fluctuations Net Impact of U.K. Newspaper Matters As Adjusted (in millions) Revenues: Dow Jones $ 604 $ — $ — $ — $ — $ 604 Digital Real Estate Services 466 — (3 ) — — 463 Book Publishing 494 — — — — 494 News Media 545 — (1 ) — — 544 Other — — — — — — Total Revenues $ 2,109 $ — $ (4 ) $ — $ — $ 2,105 Segment EBITDA: Dow Jones $ 151 $ — $ — $ — $ — $ 151 Digital Real Estate Services 152 — (1 ) — — 151 Book Publishing 50 — — — — 50 News Media 28 — — — — 28 Other (59 ) — — — (1 ) (60 ) Total Segment EBITDA $ 322 $ — $ (1 ) $ — $ (1 ) $ 320 For the fiscal year ended June 30, 2026 As Reported Impact of Acquisitions Impact of Divestitures Impact of Foreign Currency Fluctuations Net Impact of U.K. Newspaper Matters As Adjusted (in millions) Revenues: Dow Jones $ 2,497 $ (17 ) $ — $ (17 ) $ — $ 2,463 Digital Real Estate Services 2,016 (17 ) (1 ) (63 ) — 1,935 Book Publishing 2,288 (31 ) — (28 ) — 2,229 News Media 2,227 — (2 ) (81 ) — 2,144 Other — — — — — — Total Revenues $ 9,028 $ (65 ) $ (3 ) $ (189 ) $ — $ 8,771 Segment EBITDA: Dow Jones $ 663 $ 2 $ — $ (1 ) $ — $ 664 Digital Real Estate Services 741 6 1 (32 ) — 716 Book Publishing 287 1 — (4 ) — 284 News Media 139 — — (6 ) — 133 Other (203 ) — — — 1 (202 ) Total Segment EBITDA $ 1,627 $ 9 $ 1 $ (43 ) $ 1 $ 1,595 For the fiscal year ended June 30, 2025 As Reported Impact of Acquisitions Impact of Divestitures Impact of Foreign Currency Fluctuations Net Impact of U.K. Newspaper Matters As Adjusted (in millions) Revenues: Dow Jones $ 2,331 $ — $ — $ — $ — $ 2,331 Digital Real Estate Services 1,802 — (9 ) — — 1,793 Book Publishing 2,149 — — — — 2,149 News Media 2,170 — (10 ) — — 2,160 Other — — — — — — Total Revenues $ 8,452 $ — $ (19 ) $ — $ — $ 8,433 Segment EBITDA: Dow Jones $ 588 $ — $ — $ — $ — $ 588 Digital Real Estate Services 601 — — — — 601 Book Publishing 296 — — — — 296 News Media 153 — 2 — — 155 Other (223 ) — — — 9 (214 ) Total Segment EBITDA $ 1,415 $ — $ 2 $ — $ 9 $ 1,426 NOTE 3 – ADJUSTED NET INCOME (LOSS) ATTRIBUTABLE TO NEWS CORPORATION STOCKHOLDERS AND ADJUSTED EPS The Company uses net income (loss) attributable to News Corporation stockholders from continuing operations and diluted earnings per share from continuing operations (“EPS”) excluding expenses related to U.K. Newspaper Matters, litigation charges, impairment and restructuring charges and “Other, net”, net of tax, recognized by the Company or its equity method investees, as well as the settlement of certain pre-Separation tax matters (“adjusted net income (loss) attributable to News Corporation stockholders” and “adjusted EPS,” respectively), to evaluate the performance of the Company’s operations exclusive of certain items that impact the comparability of results from period to period, as well as certain non-operational items. The calculation of adjusted net income (loss) attributable to News Corporation stockholders and adjusted EPS may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what type of events warrant adjustment. Adjusted net income (loss) attributable to News Corporation stockholders and adjusted EPS are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for consolidated net income (loss) attributable to News Corporation stockholders from continuing operations and net income (loss) per share from continuing operations as determined under GAAP as a measure of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors. The following tables reconcile reported net income attributable to News Corporation stockholders from continuing operations and reported diluted EPS to adjusted net income attributable to News Corporation stockholders and adjusted EPS for the three months and fiscal years ended June 30, 2026 and 2025: For the three months ended June 30, 2026 For the three months ended June 30, 2025 (in millions, except per share data) Net income attributable to stockholders EPS Net income attributable to stockholders EPS Net income from continuing operations $ 230 $ 86 Less: Net income attributable to noncontrolling interests from continuing operations (51 ) (33 ) Net income attributable to News Corporation stockholders from continuing operations $ 179 $ 0.33 $ 53 $ 0.09 U.K. Newspaper Matters — — (1 ) — Impairment and restructuring charges 46 0.08 81 0.14 Other-than-temporary impairments of equity method investments 1 — 4 0.01 Other, net (23 ) (0.04 ) (10 ) (0.02 ) Tax impact on items above (9 ) (0.02 ) (17 ) (0.03 ) Impact of noncontrolling interest on items above — — (4 ) — As adjusted $ 194 $ 0.35 $ 106 $ 0.19 For the fiscal year ended June 30, 2026 For the fiscal year ended June 30, 2025 (in millions, except per share data) Net income attributable to stockholders EPS Net income attributable to stockholders EPS Net income from continuing operations $ 743 $ 648 Less: Net income attributable to noncontrolling interests from continuing operations (170 ) (168 ) Net income attributable to News Corporation stockholders from continuing operations $ 573 $ 1.03 $ 480 $ 0.84 U.K. Newspaper Matters 1 — 9 0.02 Impairment and restructuring charges 113 0.20 132 0.23 Other-than-temporary impairments of equity method investments 1 — 4 0.01 Other, net 4 0.01 (111 ) (0.19 ) Tax impact on items above (31 ) (0.06 ) (35 ) (0.06 ) Impact of noncontrolling interest on items above — — 31 0.04 As adjusted $ 661 $ 1.18 $ 510 $ 0.89 NOTE 4 – CONSTANT CURRENCY REVENUES The Company believes that the presentation of revenues excluding the impact of foreign currency fluctuations (“constant currency revenues”) provides useful information regarding the performance of the Company’s core business operations exclusive of distortions between periods caused by the unpredictability and volatility of currency fluctuations. The Company calculates the impact of foreign currency fluctuations for businesses reporting in currencies other than the U.S. dollar as described in Note 2. Constant currency revenues are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for revenues as determined under GAAP as measures of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors. The following tables reconcile reported revenues to constant currency revenues for the three months and fiscal years ended June 30, 2026: Q4 Fiscal 2025 Q4 Fiscal 2026 FX impact Q4 Fiscal 2026 constant currency % Change - reported % Change - constant currency ($ in millions) Better/(Worse) Consolidated results: Circulation and subscription $ 766 $ 820 $ 15 $ 805 7 % 5 % Advertising 353 363 10 353 3 % — % Consumer 462 538 3 535 16 % 16 % Real estate 358 435 30 405 22 % 13 % Other 170 181 13 168 6 % (1 )% Total revenues $ 2,109 $ 2,337 $ 71 $ 2,266 11 % 7 % Dow Jones: Circulation and subscription $ 486 $ 521 $ 2 $ 519 7 % 7 % Advertising 104 109 — 109 5 % 5 % Other 14 14 — 14 — % — % Total Dow Jones segment revenues $ 604 $ 644 $ 2 $ 642 7 % 6 % Digital Real Estate Services: Circulation and subscription $ 2 $ 2 $ — $ 2 — % — % Advertising 42 48 1 47 14 % 12 % Real estate 358 435 30 405 22 % 13 % Other 64 68 7 61 6 % (5 )% Total Digital Real Estate Services segment revenues $ 466 $ 553 $ 38 $ 515 19 % 11 % REA Group revenues $ 318 $ 386 $ 38 $ 348 21 % 9 % Q4 Fiscal 2025 Q4 Fiscal 2026 FX impact Q4 Fiscal 2026 constant currency % Change - reported % Change - constant currency ($ in millions) Better/(Worse) Book Publishing: Consumer $ 462 $ 538 $ 3 $ 535 16 % 16 % Other 32 28 — 28 (13 )% (13 )% Total Book Publishing segment revenues $ 494 $ 566 $ 3 $ 563 15 % 14 % News Media: Circulation and subscription $ 278 $ 297 $ 13 $ 284 7 % 2 % Advertising 207 206 9 197 — % (5 )% Other 60 71 6 65 18 % 8 % Total News Media segment revenues $ 545 $ 574 $ 28 $ 546 5 % — % Fiscal 2025 Fiscal 2026 FX impact Fiscal 2026 constant currency % Change - reported % Change - constant currency ($ in millions) Better/(Worse) Consolidated results: Circulation and subscription $ 3,009 $ 3,203 $ 60 $ 3,143 6 % 4 % Advertising 1,367 1,391 30 1,361 2 % — % Consumer 2,047 2,185 28 2,157 7 % 5 % Real estate 1,410 1,571 49 1,522 11 % 8 % Other 619 678 22 656 10 % 6 % Total revenues $ 8,452 $ 9,028 $ 189 $ 8,839 7 % 5 % Dow Jones: Circulation and subscription $ 1,884 $ 2,020 $ 17 $ 2,003 7 % 6 % Advertising 396 418 — $ 418 6 % 6 % Other 51 59 — $ 59 16 % 16 % Total Dow Jones segment revenues $ 2,331 $ 2,497 $ 17 $ 2,480 7 % 6 % Digital Real Estate Services: Circulation and subscription $ 7 $ 8 $ — $ 8 14 % 14 % Advertising 151 169 2 $ 167 12 % 11 % Real estate 1,410 1,571 49 $ 1,522 11 % 8 % Other 234 268 12 $ 256 15 % 9 % Total Digital Real Estate Services segment revenues $ 1,802 $ 2,016 $ 63 $ 1,953 12 % 8 % REA Group revenues $ 1,250 $ 1,406 $ 63 $ 1,343 12 % 7 % Book Publishing: Consumer 2,047 2,185 28 $ 2,157 7 % 5 % Other 102 103 — $ 103 1 % 1 % Total Book Publishing segment revenues $ 2,149 $ 2,288 $ 28 $ 2,260 6 % 5 % News Media: Circulation and subscription $ 1,118 $ 1,175 $ 43 $ 1,132 5 % 1 % Advertising 820 804 28 $ 776 (2 )% (5 )% Other 232 248 10 $ 238 7 % 3 % Total News Media segment revenues $ 2,170 $ 2,227 $ 81 $ 2,146 3 % (1 )%
	Saved 2026-08-05 21:52 1mo ago Published 2026-08-05 17:02 1mo ago	News Corp Revenue Rises, With Growth Across All Segments NWS News Corp	FMP Stock News
Original source text Digital-only subscriptions to The Wall Street Journal averaged nearly 4.5 million in the quarter, compared with 4.33 million in the prior quarter.
	Saved 2026-07-30 13:20 1mo ago Published 2026-07-30 08:00 1mo ago	Neogen Reports Fourth Quarter and Full Fiscal Year 2026 Financial Results NWS News Corp	FMP Stock News
Original source text NeogenÂ Corporation (NASDAQ: NEOG), an innovative leader in food safety solutions, announced its financial results for the fiscal fourth quarter and full fisca
	Saved 2026-07-30 10:56 1mo ago Published 2026-07-30 06:00 1mo ago	Los Angeles County Rents Fall to a Four-Year Low, but Housing Still Stretches New Graduates' Budgets NWS News Corp	FMP Stock News
Original source text Lower Asking Rents Offer Some Relief, Though Many Class of 2026 Graduates Still Face Affordability Challenges in Realtor.com®'s Q2 2026 Los Angeles Rental Report , /PRNewswire/ -- This year's college graduates heading to Los Angeles County are entering a rental market that's more affordable than it has been in years, but housing costs remain high for many just starting their careers. The median asking rent fell to $2,603 in the second quarter of 2026, down $91, or 3.4%, from a year earlier and the lowest level since the end of 2021, according to the Q2 2026 Los Angeles County Rental Report from Realtor.com®. While Los Angeles renters are catching a break, rents are moving the opposite direction on the other coast. New York City rents climbed to $3,707 in the second quarter, the highest level Realtor.com® has recorded since it began tracking the market in 2019, with Manhattan rents up 9.0% year over year. For this year's graduates, the gap is stark: based on each market's typical new Computer Science graduate's salary and local studio rent, a studio in Los Angeles County would consume 25.7% of a graduate's salary, compared with 38.2% in New York City. Even with rents easing in Los Angeles, a typical studio apartment would consume 30.4% of a Business graduate's salary, 31.6% of a Social Science graduate's salary and 32.8% of a Communications graduate's salary. By comparison, the national rental market presents a more manageable affordability picture for new graduates. Across the nation's 50 largest metros, the median asking rent for a studio apartment would consume just 20.9% of a Computer Science graduate's projected national average starting salary, 24.8% of a Business graduate's salary, 25.8% of a Social Science graduate's salary and 26.8% of a Communications graduate's salary. "Los Angeles renters are finally seeing meaningful relief after several years of exceptionally high rents, but lower asking rents don't necessarily make housing affordable for recent graduates," said Jiayi Xu, economist at Realtor.com®. "Even with recent declines, many new graduates will still spend around or more than the recommended 30% of their income on rent. While conditions are improving, entry-level workers in many fields continue to face difficult housing tradeoffs." Studio Rent as a Share of Class of 2026 Graduate Salary, 2026 Q2 Market Median Asking Rent, Studio Computer Grad Salary Share Business Grad Salary Share Social Science Grad Salary Share Communications Grad Salary Share Los Angeles County $2,004 25.7 % 30.4 % 31.6 % 32.8 % Top 50 U.S. Metros $1,422 20.9 % 24.8 % 25.8 % 26.8 % Using Class of 2026 salary projections from the National Association of Colleges and Employers, adjusted with a 15% geographic premium to reflect Los Angeles wage levels, Realtor.com® estimates a Computer Science graduate would earn roughly $94,000, a Business graduate $79,000, a Social Science graduate $76,000 and a Communications graduate $73,000 annually in Los Angeles County. New Supply Eases Rent Pressure for Graduates The lower rents facing this year's graduates reflect a market that has steadily cooled over the past several years. After rebounding quickly from pandemic-era declines and peaking during the summer of 2022, Los Angeles County rents have softened as a wave of new multifamily construction has added inventory to the market. The median asking rent now sits 9.6% below its 2022 peak, representing a monthly savings of $276 for the typical renter compared with peak pricing. Much of that relief has been concentrated among smaller apartments, where recent graduates are most likely to begin their housing search. The median asking rent for units with zero to two bedrooms declined 3.6% year over year to $2,255, while rents for larger three-plus bedroom units fell 3.0% to $3,441. A surge in accessory dwelling unit (ADU) construction and multifamily development over the past several years has likely increased the availability of smaller rental units, helping ease price pressure for renters seeking more affordable options. "The increase in rental supply is giving Los Angeles renters more options, especially those looking for smaller, entry-level units," said Xu. "For recent graduates entering the market, that added supply can create more opportunities to find housing at a time when affordability remains a major consideration." Los Angeles County Rents by Unit Size, 2026 Q2 Unit Size Median Asking Rent Rent YoY Rent Change from Peak Overall $2,603 -3.4 % -9.6 % 0-2 beds $2,255 -3.6 % -11.8 % 3+ beds $3,441 -3.0 % -15.5 % City of Los Angeles Rents Remain Elevated Despite Cooling Market Within the City of Los Angeles, the median asking rent fell to $2,742 in the second quarter, down 2.0% from one year earlier. While rents have steadily moderated since reaching a peak in 2022, they remain 3.8% above pre-pandemic levels. Even so, affording the typical rental while following the standard 30% income guideline requires an annual household income of roughly $109,680, about 23.6% higher than the city's estimated median household income. Most Renters Are Staying Close to Home Los Angeles County continues to draw renters primarily from within the region. During the second quarter, 58.1% of online traffic to Los Angeles County rental listings originated from within the county itself, while another 18.4% came from elsewhere in California. Out-of-state renters accounted for 18.9% of listing traffic, while international users represented 4.5%. Methodology Los Angeles County rental data are based on all units advertised for rent on Realtor.com® during 2026 Q2. Rental units include apartments as well as private rentals, including condominiums, townhomes, and single-family homes. Realtor.com® uses rental sources that reliably report listing data each month throughout Los Angeles County. Quarterly median asking rents are calculated by averaging the monthly median asking rents for each of the three months in the quarter. About Realtor.com® For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media contact: Janice McDill, [email protected] SOURCE Realtor.com
	Saved 2026-07-28 10:53 1mo ago Published 2026-07-28 06:00 1mo ago	New York City Rent Hits a New High: Just in Time for the Class of 2026 NWS News Corp	FMP Stock News
Original source text Manhattan Rents Are Up 9.0% as All Four Boroughs Post Increases in Realtor.com®'s Q2 2026 NYC Rental Report , /PRNewswire/ -- This year's college graduates heading to New York City for work are looking at the most expensive rental market the city has posted since Realtor.com® began tracking in 2019. The median asking rent climbed to $3,707 in the second quarter of 2026, up $164, or 4.6%, year over year. A studio apartment alone would consume 38.2% of a typical Computer Science graduate's starting New York City salary and 45.2% of a Business graduate's, according to the Q2 2026 NYC Rental Report from Realtor.com®. Nationally, the math is far less punishing for new grads. Measuring the class of 2026 national salary against the median asking rent for a studio, a typical studio across the 50 largest U.S. metros would consume just 20.9% of a Computer Science graduate's salary and 24.8% of a Business graduate's, roughly half the share required in New York City. "For new graduates entering the New York City rental market this summer, the affordability math is tougher than it's been in years," said Jiayi Xu, economist at Realtor.com®. "Smaller units are in stronger demand, and that's pushing prices up fastest for the very apartments recent grads are most likely able to choose." Studio Rent as a Share of Class of 2026 Graduate Salary, 2026 Q2 Market Median Asking Rent, Studio Computer Grad Salary Share Business Grad Salary Share New York City $3,116 38.2 % 45.2 % Top 50 U.S. Metros $1,422 20.9 % 24.8 % Using Class of 2026 salary projections from the National Association of Colleges and Employers, adjusted with a 20% geographic premium to reflect New York City wage levels, Realtor.com® estimates a Computer Science graduate would earn about $98,000 in the city and a Business graduate about $83,000. A Market Already Stretched Before Grads Arrive The rent grads are facing reflects a broader run-up already underway across the city. New York City rents now sit 30.5% above pre-pandemic levels, compared with a 16.4% gain nationally over the same span. The city saw some of the steepest rent declines of any major metro early in the COVID-19 pandemic, but its median asking rent rebounded to pre-pandemic levels by spring 2022 and has climbed every year since. That pressure is concentrated at the entry level of the market, the same segment new grads and young professionals are competing in. The median asking rent for units with zero to two bedrooms rose 7.3% year over year to $3,544 in the second quarter, while rent for larger three-plus bedroom units fell 0.6% to $4,886. The divergence suggests renters are competing hardest for compact, more affordable apartments, while fewer households are moving up to larger, pricier units, a pattern that often emerges when high housing costs push renters to double up or delay a move rather than expand their space. New York City Rents by Unit Size, 2026 Q2 Unit Size Median Asking Rent Rent YoY Rent Change – 7 years Overall $3,707 4.6 % 30.5 % 0-2 beds $3,544 7.3 % 34.9 % 3+ beds $4,886 -0.6 % 27.2 % Manhattan Leads Gains as Every Borough Rises All four boroughs posted year-over-year rent increases in the second quarter. Manhattan led with a 9.0% jump to $5,117, followed by Brooklyn at 5.9% to $4,054, Queens at 5.6% to $3,561, and the Bronx at 0.9% to $3,171. To afford a typical rental while following the standard 30% income guideline, a household would need to earn $204,680 a year in Manhattan, $162,160 in Brooklyn, $142,440 in Queens, and $126,840 in the Bronx. New York City Rents by Borough, 2026Q2 Borough Median Asking Rent Rent YoY Rent Change –7 years Annual Income Required (30%) Manhattan $5,117 9.0 % 23.7 % $204,680 Brooklyn $4,054 5.9 % 48.1 % $162,160 Queens $3,561 5.6 % 49.2 % $142,440, The Bronx $3,171 0.9 % 65.6 % $126,840 "Every corner of the city saw rents move higher this quarter, from Manhattan's high end all the way down to the Bronx," said Xu. "That kind of broad-based increase makes it hard for any renter, not just this year's graduates, to find a foothold right now." Whether that pressure eases will depend on how much new supply reaches the market ahead of next year's leasing season, and whether smaller, entry-level units keep absorbing the bulk of renter demand. Methodology New York City rental data as of 2026Q2 for all units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We include rental sources that reliably report data each month within New York City and each of its boroughs. To calculate the median asking rent for each quarter, we first obtain the median asking rent for each month within that quarter and then take the average of the three months. Data for Staten Island is currently under review. About Realtor.com® For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media contact: Emily Do, [email protected] SOURCE Realtor.com
	Saved 2026-07-22 03:32 1mo ago Published 2026-07-21 21:47 1mo ago	News Corp countersues Brave for allegedly 'scraping' articles for AI NWS News Corp	FMP Stock News
Original source text News Corp's CEO Robert Thomson attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2026. REUTERS/Brendan... Purchase Licensing Rights, opens new tab Read more SummaryCompaniesNews Corp says Brave's "theft" hurts publishers, journalismBrave earlier sued News Corp, accusing it of threatening AI advancesPublishers, tech companies battle over use of copyrighted content for AIBrave not immediately available for commentJuly 21 (Reuters) - News Corp (NWSA.O), opens new tab, facing a lawsuit by search engine Brave Software, has filed a countersuit accusing it ‌of "flagrant theft" in distributing and selling versions of articles from the Wall Street Journal and New York Post to AI companies. Brave had last year preemptively sued the media giant, seeking a court declaration that its practices were legal. It sued after receiving a cease-and-desist letter from News Corp, which is led by the family of Rupert Murdoch. The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here. In a Tuesday filing in the Oakland, California, federal court, News Corp said Brave's unauthorized "covert ⁠scraping" and resale of its copyrighted articles fall "nowhere near the bounds" of legally acceptable conduct known as fair use. "The more content Brave copies and sells, the more revenue it generates, and the less incentive AI companies have to negotiate licenses with the publishers who produced the content," the lawsuit said. "Brave profits while publishers are cut out." News Corp is seeking an injunction and unspecified monetary damages, plus damages of up to $150,000 per infringement. Brave and its lawyers did not immediately respond to requests for comment outside business hours. The competing lawsuits are part of a wave of litigation pitting publishers against technology companies that want to use copyrighted content to support AI. BRAVE ACCUSED NEWS CORP OF DISRUPTING AIBrave sued ‌News Corp ⁠in March 2025, seeking a court declaration that bundling copyrighted articles that can be licensed and sold is not copyright infringement. It filed a revised complaint in May 2026, following what News Corp called failed negotiations for a "fair, market-based agreement." Brave has argued that its indexing of News Corp content to make it searchable, and providing users with snippets and "high-level summaries" of that content, amounted ⁠to fair use. The San Francisco-based company also accused News Corp of threatening to disrupt advances in generative AI, which it said many consider "the most important innovation so far this century." BRAVE ACCUSED OF 'TACKY TECH TRAFFICKING'News Corp Chief Executive Robert Thomson said in a statement ⁠that Brave's looting of his company's content reflected "blatant disregard" for the damage to how information is disseminated. "This era of tacky tech trafficking must come to an end if journalism is to have a sustainable future," Thomson said. Brave ⁠has said it is the smallest of the three U.S.-based companies to operate independent search engines "at scale." Google (GOOGL.O), opens new tab dominates that market, followed by Microsoft (MSFT.O), opens new tab, which operates Bing. The New York Post, Dow Jones and News Corp's British and Australian operations are also defendants in Brave's lawsuit. Reporting by Jonathan Stempel in New York; Editing by Edwina Gibbs Our Standards: The Thomson Reuters Trust Principles., opens new tab
	Saved 2026-07-21 22:43 1mo ago Published 2026-07-21 16:15 1mo ago	News Corp to Report Fiscal 2026 Fourth Quarter and Full Year Earnings NWS News Corp	FMP Stock News
Original source text NEW YORK--(BUSINESS WIRE)--News Corp will release its fourth quarter and full year Fiscal 2026 results on Wednesday, August 5, 2026. News Corp Chief Executive Robert Thomson and Chief Financial Officer Lavanya Chandrashekar will discuss the results via a live audio webcast at 5:00 p.m. EDT (Sydney: August 6, at 7:00 a.m. AEST). To listen to the webcast, please register using the following link: https://newscorp-q4fy2026-earnings-call.open-exchange.net/registration A live audio webcast of the ca.
	Saved 2026-07-20 13:04 1mo ago Published 2026-07-20 08:00 1mo ago	Tunnel to Towers Founder Frank Siller to Publish Memoir, Let Us Do Good, on September 1 NWS News Corp	FMP Stock News
Original source text Staten Island, New York, July 20, 2026 (GLOBE NEWSWIRE) -- The Tunnel to Towers Foundation announced today that its Chairman and CEO, Frank Siller, will publish his memoir, Let Us Do Good , on September 1, 2026, from Broadside Books, an imprint of HarperCollins. The book takes its title from the words the Siller family has lived by for generations.
	Saved 2026-07-20 10:40 1mo ago Published 2026-07-20 06:00 1mo ago	The Starter Home Market Is Down 300,000 Homes From 2019 NWS News Corp	FMP Stock News
Original source text It Now Takes a $78,000 Income to Buy a Starter Home, Up From $43,000 in 2019, According to a New Report from Realtor.com® , /PRNewswire/ -- The national starter home shortage that peaked in 2022 is beginning to ease, but a new Realtor.com® report finds the recovery is anything but even. Nationally, there are roughly 300,000 fewer homes priced under $350,000 on the market today than in June 2019, and the typical starter home now costs $344,000, up from $256,000 seven years ago. Entry-level buyers in the South and West are seeing more affordable listings and softening prices, while buyers in the Northeast face a market that keeps getting tighter. Starter home prices there have climbed 12.6% since 2022 alone and now sit nearly 50% above pre-pandemic levels, according to the report released today. "The starter home story looks completely different depending on where you're standing," said Hannah Jones, senior economist at Realtor.com®. "In the South and West, builders spent the last few years chasing demand at the entry level, and buyers there are actually seeing more choices and better prices than they had two years ago. In the Northeast, that construction response never happened — prices kept climbing even as the rest of the housing market cooled. That divergence is exactly why the recovery feels so different depending on where you live." The Starter Home Squeeze, By the Numbers In June 2019, 55.1% of active listings nationally were priced under $350,000. Today that figure has fallen to 37.6%. The squeeze has hit the smallest homes hardest: two- and three-bedroom listings have risen 44.5% and 41.0% in price since 2019, outpacing 36.9% and 34.0% gains for four- and five-plus-bedroom homes. Affordability has eroded even faster than prices alone suggest. Today's typical starter home requires a recommended minimum household income of roughly $78,000, up from just $43,000 in 2019 — an increase of more than 80%. Median household income, by comparison, has risen 28.3% over the same period, from about $69,000 to $88,100. There are, however, signs of relief. Inventory priced under $350,000 has grown by 220,000 homes since the 2022 trough, and the affordable share of listings is up 1.6 percentage points from a year ago. "Higher rates have kept homeowners stuck in place, but we're finally seeing cracks in the lock-in effect. Every year, more owners hit a life event — a new job, a divorce, a retirement — that forces a move regardless of their mortgage rate, and that's slowly working supply back into the market," said Jones. Four Regions, Four Different Markets The regional divergence is the starkest finding in the report. Starter home price thresholds have fallen since 2022 in the South and West, even as they continue to climb in the Midwest and Northeast. Region 2019 2022 Peak 2026 Since 2022 South $237K $323K $311K ▼ 3.5% West $368K $518K $480K ▼ 7.3% Midwest $192K $240K $264K ▲ 10.0% Northeast $296K $394K $444K ▲ 12.6% The South has turned the clearest corner of any region: a construction boom in Texas, Florida, and the Carolinas has added nearly 170,000 affordable listings since the 2022 trough, and starter home prices there have pulled back 3.5% from their peak. The West has seen the largest price pullback of any region, down 7.3% since 2022, led by relief in Denver, Phoenix, and Colorado Springs — though coastal California metros like Los Angeles and San Francisco have seen far less improvement. The Midwest remains the most affordable region in absolute dollar terms, but its advantage is eroding: starter home prices there are up 10.0% since 2022 alone and 37.5% since 2019, the steepest percentage increase of any region over that longer period. The Northeast presents the most difficult picture nationally. Just 29.7% of Northeast listings are priced under $350,000 today, down from roughly 48% before the pandemic, and the region's starter home threshold has climbed to $444,000. "The Northeast is the toughest market in the country right now for a first-time buyer. Limited land, restrictive zoning, and buyers with real financial firepower have combined to push the entry price beyond what most middle-income households can even qualify for. Unlike the South and West, there's been no pullback there — the trend is still moving in the wrong direction," said Jones. More Listings, Fewer Sales Despite the inventory gains, affordable transactions have not followed. Home sales under $350,000 fell roughly 10% in April 2026 compared with a year earlier and are down 7.2% year-to-date, a steeper decline than other price tiers. The South, despite leading the country in inventory recovery, saw affordable sales fall 7.3% in April; the Midwest posted the steepest affordable sales decline of any region, down 13.5% year-over-year in April; the Northeast is the only region where sales fell across every price tier; and the West was the outlier, with sub-$350,000 sales essentially flat for the year. "More listings on the market should mean more sales, but that's not quite what we're seeing. Buyers can find a home priced under $350,000 in more places than they could two years ago — the problem now is qualifying for the mortgage. Rates are still in the mid-6% range, and the income it takes to buy a starter home has climbed more than 80% since 2019, so a lot of would-be buyers are simply sitting this one out," said Jones. Where Do We Go From Here The squeeze has reshaped who is buying a first home and when. The average first-time homebuyer is now 40 years old, though the first-time buyer share has recently climbed to 35% in May, up from 30% a year earlier. The U.S. still faces a housing shortage of roughly 4 million homes as the underlying constraint on any broad, near-term recovery. The starter home market over the next five years looks like a slow, uneven normalization rather than a dramatic reset, as the lock-in effect gradually fades, inventory continues to build, and household formation patterns shift. Younger, lower-income, first-time buyers without existing equity are likely to remain the most squeezed. Methodology Data in this analysis draws on the Realtor.com database of active for-sale listings and incorporates median household income data from the U.S. Census Bureau's Current Population Survey. Starter home price thresholds are defined as listings priced below $350,000 nationally (absolute thresholds) or below 80% of the area's median list price (relative threshold). Single-family listing data by bedroom count reflects active listings in each quarter. All figures are national unless otherwise noted. About Realtor.com® For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media Contact: Mallory Micetich, [email protected] SOURCE Realtor.com
	Saved 2026-07-16 10:37 1mo ago Published 2026-07-16 06:00 1mo ago	Short Sales Are Making a Comeback NWS News Corp	FMP Stock News
Original source text Transactions Grew for the Third Straight Year But Remain a Small Slice of the Market, According to a New Realtor.com® Report , /PRNewswire/ -- A new report from Realtor.com® finds that short sales, an alternative to foreclosure for underwater homeowners, are growing. Short sales remain a small slice of the market: fewer than 30,000 took place in the U.S. in 2025, accounting for roughly 0.6% of all typical home sales and 28% of distressed sales. Short-sale transactions rose 4% from 2023 to 2024, nearly 10% from 2024 to 2025, and about 16% year over year in the first quarter of 2026, accelerating across these three years. Even so, short sales are not the most common distressed sale, trailing foreclosures by more than two to one. This report also found that starting in January 2026, for the first time since Realtor.com® began tracking these valuations in 2018, short sales started selling at a smaller discount than foreclosures. Distressed homes now fetch roughly 9% more of their estimated value as a short sale than as a foreclosure, a reversal of a pattern that held for nearly a decade. Short sales let a homeowner who owes more than their home is worth sell the property for less than the remaining mortgage balance, with the lender's approval. Nearly 30,000 short sales took place in the U.S. in 2025, accounting for roughly 0.6% of all arms-length home sales and 28% of distressed sales. Despite offering real advantages for both lenders and homeowners, short sales remain far less common than foreclosures, trailing them by more than two to one. "Even in a strong economy with home prices close to record highs, a small segment of households find themselves facing tough circumstances," said Danielle Hale, chief economist, Realtor.com®. "The good news for struggling homeowners is that they have more options now than in previous decades. A short-sale can be complicated and requires borrowers to act before the bank forces their hand; however, it benefits them by shortening the waiting period before they can qualify for a future mortgage. Foreclosures are the more common outcome, but borrowers facing difficulty should consider all of their options. Engaging with a Realtor agent who specializes in these transactions can be a smart move." A Decade-Long Bargain, Reversed For most of the past decade, short sales sold at a steeper discount to their estimated value than foreclosures did. Foreclosed homes sold in a fairly steady range, 25% to 30% below estimated value, year after year. The short-sale discount swung far more widely, starting around 30% in 2018, ballooning to 50% in 2022, and narrowing to roughly 20% by early 2026 as the market cooled. The swing traces back to timing. A foreclosed home is priced by the lender the moment it sells, so its discount tracks the market in real time. A short sale is priced earlier, while the homeowner still owns it, and often sits in pending status for months while the lender decides whether to accept less than it's owed. During the rapid price run-up of 2021 and 2022, homes appreciated faster than these drawn-out deals could close, pushing short-sale discounts to their widest point. As price growth flattened in 2025 and 2026, that lag faded and the discount snapped back. Research from the Federal Reserve Bank of Philadelphia examining the 2007-2012 housing crash found short sales sold for roughly 9% to 10% more than comparable foreclosures during that period, suggesting the current premium is less a new development than a return to the historical norm. Why Short Sales Stay Rare The reversal is unlikely to change how few homeowners choose a short sale. "A short sale recovers more value for the lender and does less damage to the surrounding neighborhood, but the decision isn't the lender's to make," said Glen Morgenstern, economist intern at Realtor.com®. "The homeowner controls the outcome, and a foreclosure lets them stay in the home without paying for 592 days on average. That free housing is worth more than any credit or timeline advantage a short sale offers, and the new pricing math doesn't touch that calculation." A short sale ends earlier and requires the homeowner to actively cooperate in their own move. Short sales can release a homeowner from leftover mortgage debt and let them qualify for a new mortgage in about four years rather than seven, and while a short sale is widely believed to be gentler on a seller's credit than foreclosure, credit bureaus score the two similarly. The ratio of short sales to foreclosures has never reached parity since Realtor.com's records began in 2006. It climbed as the 2010 Home Affordable Foreclosure Alternatives program pushed short sales as an alternative, then slid after that program ended in 2016. It has since settled at roughly four short sales for every ten foreclosures. A Different Map Than Foreclosures Short sales also cluster differently than foreclosures. Foreclosures concentrate in the country's most affordable markets, while short sales are scattered across moderately priced metros in the West and Florida. As of May 2026, Miami, New York, Tampa, Phoenix and Houston had the most short-sale listings. By share of listings, Lakeland, Florida led the country at 6.7%, followed by Pueblo and Colorado Springs, Colorado. Measured by completed sales, short sales are most common in Salt Lake City and Texas metros such as Austin and Dallas. Buyers remain wary of the format. Short-sale listings draw roughly 20% fewer page views on Realtor.com than comparable homes and take about two months longer to sell, weighed down by lender approval timelines that can drag on for months and sometimes collapse before closing. Methodology Short sales are identified as those carrying the short-sale flag in Realtor.com deed records, and foreclosures as those carrying the REO (real estate-owned) flag, covering single-family homes, condos, townhomes, row homes and co-ops sold since 2001. Short-sale prevalence is measured both as a share of all home sales and as a share of distressed sales (short sales plus foreclosures). Short-sale listings are identified by the short-sale flag in Realtor.com listing data, consistently populated beginning in 2019. To measure the price discount, each distressed sale price is compared against the property's estimated value from an automated valuation model, taken as the median of that property's valuations in the month three months before the sale. The discount is the percentage by which the sale price falls below that value, measured the same way for short sales and foreclosures. The short-sale premium over foreclosures is the difference between the two groups' discounts. Listing performance metrics compare each listing's statistics against the medians for its property type and ZIP code, or metro area where a ZIP has fewer than 50 listings. Sales figures reflect data through March 2026. About Realtor.com® For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media Contact: Mallory Micetich, [email protected] SOURCE Realtor.com
	Saved 2026-07-09 05:52 2mo ago Published 2026-07-08 09:05 2mo ago	Jalen Brunson, Zlatan Ibrahimović, Michele Kang, Adam Silver and More to Headline WSJ Sports: The Next Sports Economy NWS News Corp	FMP Stock News
Original source text NEW YORK--(BUSINESS WIRE)--Next week, Dow Jones and The Wall Street Journal will host their inaugural event, WSJ Sports: The Next Sports Economy on July 15-16, 2026, an exclusive gathering of the sports industry's most prolific league commissioners, team owners, business leaders and executives, for a highly tailored experience examining sports as a high-performance global asset class. The event opens on Wednesday, July 15, with a cocktail reception, followed by an intimate seated dinner featuri.
	Saved 2026-07-08 10:43 2mo ago Published 2026-07-08 06:00 2mo ago	Realtor.com® 2026 Forecast Update: Home Price Growth To Cool Further, Trailing Inflation NWS News Corp	FMP Stock News
Original source text /PRNewswire/ -- Home price growth is now expected to slow to just 1.2% in 2026, a slower pace than originally forecast and one that fails to keep pace with
	Saved 2026-07-01 18:13 2mo ago Published 2026-07-01 13:00 2mo ago	National Holding Company Acquires Moving.com and MoveAI, Bringing AI-Powered Innovation to the Consumer Moving Experience NWS News Corp	FMP Stock News
Original source text New technology investments will streamline planning, vendor selection, and move coordination while connecting consumers with trusted moving professionals , /PRNewswire/ -- National Holding Company, one of the nation's most established moving and transportation enterprises, today announced the acquisition of Moving.com, one of the most recognized online moving marketplaces in the United States, and MoveAI, an AI-powered moving concierge technology designed to simplify the relocation process for consumers. Together, the acquisitions create a unique platform to connect consumers, technology, and professional moving services at every stage of the moving journey, from initial planning and vendor research to booking and move day execution. For nearly a century, National Holding Company has helped consumers and businesses navigate relocation with ease and confidence. The addition of Moving.com and MoveAI represents a significant investment in the future of the moving industry and reflects the company's commitment to enhancing the customer experience through innovation and technology. "Moving is hard. You're leaving your church, your neighborhood friends, your kids' school, and countless parts of your daily life behind — on top of juggling a hundred details, including finding and hiring the right mover," said Tim Helenthal, Chairman & CEO of National Holding Company. "It's stressful, and it's a lot of work. After decades in this business, we know no one can make moving 'easy,' but we are confident that with these acquisitions and our experience we can make it far more convenient." Moving.com is among the most visited consumer websites in the moving industry. The site is a resource for connecting individuals and families with professional movers across the country. MoveAI leverages artificial intelligence to streamline the vendor search by allowing users to share move details and receive tailored recommendations and quotes. These acquisitions firmly position National Holding Company at the leading edge of a rapidly evolving industry, where consumers increasingly depend on digital platforms and AI-powered tools to guide critical purchasing decisions. National Holding Company intends to make strategic investments in the Moving.com platform, underscoring a long-term commitment to enhancing the overall experience and delivering greater value for both consumers and moving partners. "Our vision is to build the most trusted and effective consumer moving platform in the industry," said Helenthal. "By combining Moving.com's audience, MoveAI's technology, and our decades of operational expertise, we're creating a stronger experience for consumers while generating new opportunities for movers and industry partners." Moving.com has been a trusted name in the online moving marketplace for over 25 years," said Tricia Smith, SVP of Sales & Operations at Move, Inc. "This transaction allows us to sharpen our focus on the growth priorities central to our long-term strategy, while positioning Moving.com for a strong next chapter. With deep category expertise and a clear vision for the business, National Holding Company is well positioned to build on what we've created, and we're confident Moving.com's users and partners will be well served." Current Moving.com customer agreements, lead routing processes, and service relationships will remain unchanged. The acquisitions complement National Holding Company's existing portfolio, which includes National Van Lines, National Van Lines International, National Forwarding Co., National Claims, and Mighty Moving. About National Holding Company National Holding Company is a diversified transportation and relocation enterprise with nearly 100 years of experience delivering moving and logistics solutions to consumers and businesses across the United States. Employee-owned since 2011, the company operates under an ESOP structure that gives every employee a direct stake in its success. This ownership culture drives accountability, service excellence and a shared commitment to customer satisfaction. As the parent company of National Van Lines Inc., National Van Lines International, National Forwarding Co., National Claims, and Mighty Moving Inc., National Holding Company operates a worldwide network of vetted, reputable movers that deliver residential, commercial, military, and international moving solutions. Headquartered in Broadview, IL, the company is led by Chairman and Chief Executive Officer Tim Helenthal. About Move, Inc./Realtor.com® Move, Inc., a subsidiary of News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV], operates a family of websites and mobile experiences for consumers and professionals, including Realtor.com ®. For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the #1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Move licenses the Realtor.com URL from the National Association of REALTORS®. Move also offers software products and services to help real estate professionals serve their clients and grow their businesses, including ListHub™, the nation's leading listings syndicator and centralized intelligence platform for the real estate industry. SOURCE National Holding Company
	Saved 2026-06-30 11:06 2mo ago Published 2026-06-30 06:00 2mo ago	Life, Liberty and a Mortgage: The 5 Federal Laws That Turned Homeownership Into an American Reality NWS News Corp	FMP Stock News
Original source text A new Realtor.com® report traces how Congress has intervened — again and again — to make the American dream financially possible, and what it would take to do it once more , /PRNewswire/ -- As the United States marks 250 years of independence, just over 65% of American households own their homes, a rate that did not arrive by accident. A new Realtor.com® analysis of federal housing legislation finds that significant surges in U.S. homeownership have each been preceded by an act of Congress, from the Homestead Act of 1862 to the Housing and Economic Recovery Act of 2008, and that the tools to move the needle again exist today. "Homeownership has never been purely a product of markets, from 44% in 1940 to 62% by 1960, federal legislation has been a driving force in American homeownership history and a 4-million-home supply gap is waiting for its moment," said Joel Berner, senior economist at Realtor.com®. "At several major inflection points in this country's history, from the Great Depression, World War II, the Civil Rights era to the financial crisis, Congress stepped in and changed who could own a home and how they could afford one. The history is remarkably consistent: legislation works." The report, released in conjunction with the nation's 250th anniversary, traces five landmark bills and their measurable effects on the homeownership rate, which the Census Bureau has tracked since 1890. From Free Land to FHA: A Legislative History of Homeownership The Homestead Act of 1862, passed while the Civil War raged, granted 160-acre plots to any adult who could pay a small filing fee and commit five years of labor to the land. More than 270 million acres across 30 states were claimed between 1862 and 1976. The act functioned as the country's first homeownership subsidy, access through effort rather than existing wealth, and set a baseline for American property ownership that every subsequent Congress would build on. The Great Depression all but collapsed that foundation. Mortgage defaults swept the country in the early 1930s, lenders stopped issuing new loans and the housing market ground to a halt. Congress responded with the National Housing Act of 1934, which created the Federal Housing Administration and restructured the conventional mortgage, shrinking required down payments, extending repayment periods and insuring loans to give lenders confidence. The mortgage market as Americans know it today was born in that legislation, though the FHA's underwriting policies also institutionalized redlining, a legacy of discrimination that would take another generation of legislation to begin to undo. That correction came in part from the GI Bill. The Servicemen's Readjustment Act of 1944 guaranteed veterans low-interest, no-money-down home loans backed by the federal government. The Veterans Administration guaranteed more than 2 million home loans by 1950. The numbers tell the story directly: in 1940, 43.6% of U.S. households owned their homes. By 1960, that figure was 61.9%. "The postwar homeownership surge is the most dramatic in American history, and it was not organic," Berner said. "It was the direct result of Congress making homeownership financially accessible to a generation of Americans who would not otherwise have been able to achieve it. That's the playbook." The Civil Rights Act of 1968, better known as the Fair Housing Act, took aim at the redlining that the FHA had helped entrench. By prohibiting discrimination in the sale, rental and financing of housing based on race, color, national origin, religion, sex, familial status and disability, it expanded access to credit for home purchases across minority communities. Homeownership continued to climb from the bill's passage through approximately 1980, now with broader inclusion. The most recent legislation examined, the Housing and Economic Recovery Act of 2008, was not designed to grow homeownership but to prevent its collapse. With Fannie Mae and Freddie Mac on the brink, HERA placed both institutions under federal conservatorship, expanded FHA loan limits, established a 3.5% minimum down payment and created a tax credit for first-time buyers. The homeownership rate had peaked at 69.0% in 2004 and bottomed at 63.4% in 2016 a decline that, without HERA's stabilizing interventions, could have been more severe. The Challenge Today — and What Can Be Done The housing market is not facing a financial system in freefall or the aftermath of a world war. Instead, it is straining against an inadequate supply of homes. According to our analysis, the U.S. housing supply gap widened to an estimated 4.03 million homes in 2025, up from 3.8 million in 2024. New construction once again fell short of household formation and pent-up demand from younger households persists. The stakes are substantial. Households that purchase their first home by age 30 accumulate an average of $119,000 more in net worth — 22.5% higher — by age 50 compared to those who wait until their 40s. The median age of a first-time homebuyer was 30 in 1990; by 2025, it had climbed to 40. Home prices have risen nearly twice as fast as incomes over that span, and the typical time needed to save for a down payment has grown from approximately three years to nearly 10. Children raised in homeowner households are 18.4 percentage points more likely to become homeowners themselves by age 35. Homeowners are 1.3 times more likely than renters to expect to leave assets to the next generation. The biggest obstacle to closing the supply gap is regulation. Local zoning and permitting rules have made homebuilding slow and expensive — the National Association of Home Builders estimates that regulation adds more than $130,000 to the cost of a newly built home. The U.S. Conference of Mayors has passed a bipartisan policy statement affirming the urgent need for national action on housing supply. The federal government does not control local zoning. But it can influence it — conditioning federal grant funding on the adoption of standardized, permissive zoning laws and streamlined permitting processes is a mechanism that mirrors the indirect policy levers that have worked before in American cities. The 21st Century ROAD to Housing Act has a provision to do this along with many other policies aimed at boosting housing supply in the U.S. With broad support in both houses of Congress, this bill could become the next example of legislation that enables Americans to achieve their dreams of owning a home. The pattern established across 250 years of American history is clear: when access to homeownership narrows, federal legislation has the capacity to reopen it. About Realtor.com® For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media Contact: Mallory Micetich, [email protected] SOURCE Realtor.com
	Saved 2026-06-21 19:32 2mo ago Published 2026-06-18 06:00 2mo ago	The Empty Nest Is on Hold: 1 in 3 Adults Under 35 Lives With Their Parents, Realtor.com® Finds NWS News Corp	FMP Stock News
Original source text Most Young Adults Living With Parents Are Employed: Data Points to Housing Affordability, Not Jobs , /PRNewswire/ -- A record 25.2 million adults under 35 lived with their parents in 2025, surpassing even the pandemic peak, as housing costs continue to price young adults out of independent living, according to a new Realtor.com® report released today. One in 3 adults under 35 now shares a roof with a parent, a rate that has held near its 2020 record high with little sign of easing. The numbers reflect the accumulated weight of more than a decade of housing underproduction, which has kept persistent upward pressure on housing costs. Had early-2000s co-residence patterns held, 4.86 million fewer young adults would be living with their parents today. Instead, a national median home listing price of $430,000 — 34.4% above 2019 levels — and a median asking rent of $1,673 — 17.9% above 2019 levels — have made independent living financially out of reach for millions. The United States currently faces a deficit of approximately 4 million homes, a gap that has widened since the construction slowdown following the 2008 financial crisis. "The adults living with their parents today are largely employed, and many hold college degrees. What's holding them back isn't a lack of qualifications, but rather, at least in part, a lack of housing they can actually afford," said Hannah Jones, Senior Economist at Realtor.com®. "This is a supply story, not an employment story." A Record High That Keeps Climbing The 33.0% co-residence rate among adults under 35 in 2025 sits just below the 2020 all-time high of 33.6%, and the absolute count of 25.2 million has now surpassed it. The share has held at or near its pandemic peak since 2022. The pattern across the last two decades follows the same arc: crisis, spike, partial retreat, and a new, higher floor. The first major increase came during the Great Recession, when co-residence rates rose sharply and did not recover when the economy did. The second came with COVID, as the overall share jumped to 33.6% in 2020. A brief retreat in 2022 reflected a narrow cohort that caught historically low mortgage rates before the window closed. Everyone behind them faced elevated rates, limited inventory, and elevated rents, and by 2025 the count had climbed to a new record. Excess Co-Residence: Actual vs. Expected, 2000–2025 Year Actual 18-34 Year- Olds at Home If early-2000s rates held Excess 2000 17.8M 17.7M +0.1M 2007 19.2M 18.7M +0.5M 2010 20.8M 19.4M +1.5M 2015 23.0M 19.6M +3.4M 2019 23.5M 19.4M +4.0M 2021 24.3M 19.5M +4.9M 2025 25.2M 20.3M +4.86M Who Is Living at Home The adults living with their parents in 2025 do not fit the stereotype. Among those aged 25 to 34, approximately 70% are employed. In 2000, roughly 1 in 9 adults in their late 20s were both employed and living at home; by 2025, that ratio had grown to nearly 1 in 7, even as employment rates within the group held steady. The divergence points directly at housing costs, not labor market conditions. Roughly 9 in 10 adults aged 25 to 34 living with parents have never been married, up from 79% in 2000, and about 1 in 3 aged 25 to 29 holds a four-year degree, up from fewer than 1 in 4 at the start of the century. The growth in co-residence is a story of delayed household formation. Adults Living With Parents, by Age Group, 2025 Age Group Total at Home (Millions) Employed (%) Never- Married (%) BA or Higher (%) Male (%) 18–24 17.67M 51.9 % 98.1 % 9.6 % 51.5 % 25–29 4.53M 71.1 % 93.6 % 31.5 % 57.4 % 30–34 3.00M 68.4 % 88.8 % 26.8 % 60.6 % Men make up the majority of at-home adults at every age, though the gap is narrowing at younger ages. Among 18 to 24-year-olds the split is now nearly even at 51.5% male, compared to 55/45 in 2000. The Generational Divide Within the Data The data splits differently depending on cohort. Among adults aged 25 to 29, co-residence has seen a modest retreat from recent highs, driven by adults now 28 to 29 who were in their early 20s during the 2020 to 2021 low-rate window and found footing before conditions tightened. The 25 to 26-year-olds behind them hit peak renting age just as rates and prices surged in 2022 to 2023, and show no such improvement. The 30 to 34 group tells the other half of the same story. At 12.7% co-residence in 2025, nearly double the 7.1% recorded in 2000, this group largely consists of adults who were 25 to 29 during the pandemic and never fully launched. The improvement at 25 to 29 and the rise at 30 to 34 are the same cohort at different stages of the same delayed exit. What This Means for the Housing Market "Twenty-five million adults living with their parents represents a generation of latent demand the market hasn't absorbed," said Jones. "Every adult still in a childhood bedroom is a household not formed, a lease unsigned, a starter home unpurchased. The typical first-time buyer is now 40 — that's not a coincidence, it's the math of a market that hasn't built enough." The delay carries a real financial cost. As Realtor.com® research on generational wealth has shown, each year spent at home rather than building equity is a year of wealth accumulation deferred. Until affordability improves and entry-level supply expands, that latent demand will continue to build. Methodology Co-residence data in this report are drawn from the IPUMS Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC), covering survey years 2000–2025. The CPS ASEC is conducted by the U.S. Census Bureau and represents the largest annual household survey in the United States. All population estimates use CPS person-level weights (ASECWT) to produce nationally representative figures. Adults are defined as individuals aged 18 and above. Co-residence is defined as living as "child of head" of household, based on the RELATE variable in the IPUMS extract. The 2014 survey year is excluded from all trend analyses due to a CPS sample expansion that year which creates a discontinuity in absolute population counts; percentage shares are unaffected but the year is omitted for consistency. The counterfactual analysis in the Trends section applies the average co-residence rate at each single year of age (18–34) from 2000–2003 to the actual adult population in each subsequent year. The resulting figures represent how many adults would be living with parents had early-2000s co-residence patterns persisted, holding age structure and population growth constant. Employment, marital status, educational attainment, and sex breakdowns are drawn from the same IPUMS CPS extract using EMPSTAT, MARST, EDUC, and SEX variables respectively. About Realtor.com® For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media contact: Emily Do, [email protected] SOURCE Realtor.com
	Saved 2026-06-21 19:32 2mo ago Published 2026-06-18 08:45 2mo ago	Neogen® Committed to Helping Ranchers, Livestock Producers, and Horse Owners Fight Against New World Screwworm NWS News Corp	FMP Stock News
Original source text LANSING, Mich.--(BUSINESS WIRE)--Neogen Corporation (NASDAQ: NEOG), an innovative leader in food and animal safety solutions, today announced the expanded availability of FIFRA* Section 2(ee) recommendations for the use of Prozap® Insectrin X Concentrate and Prozap® Screw Worm and Ear Tick Aerosol as part of New World Screwworm (NWS) response efforts. These recommendations provide ranchers, livestock producers, and horse owners with an additional option to support fly management efforts. In Texas, the Texas Department of Agriculture has approved Section 2(ee) recommendations for these products. Neogen is also making Section 2(ee) recommendations available in Florida, providing producers in both states with additional tools to incorporate into broader fly management programs. While NWS was largely eradicated from the United States decades ago, recent developments have increased industry attention on prevention, vigilance, and effective fly control programs. Whether addressing emerging concerns such as NWS or routine pest pressures, prevention and prompt wound management remain important components of herd health programs. Neogen offers a broad range of insect control solutions to help producers manage insect challenges across a variety of livestock environments. Among them, Prozap® Screw Worm and Ear Tick Aerosol can help protect wounds from flies and maggots while controlling a variety of labeled pests, including ticks, gnats, and lice. Prozap® Insectrin X Concentrate can be incorporated into broader fly management programs to help manage fly populations in and around livestock facilities. USDA officials have emphasized the importance of continued vigilance, monitoring, and information sharing as the situation evolves. Although NWS has received increased attention in recent weeks, livestock producers continue to manage a range of insect-related challenges, including horn flies, stable flies, face flies, ticks, and lice, that can affect animal health, welfare, and productivity. “Producers face insect pressure every season, making prevention and routine monitoring essential parts of herd management,” said Kirk Ramsey, DVM, MS, Professional Services Veterinarian with Neogen. “Integrated fly control programs, prompt wound management, and regular observation of animals can help producers address ongoing insect challenges while remaining prepared for emerging concerns.” Neogen encourages livestock producers to work closely with their veterinarians and animal health advisors to develop insect management programs tailored to their operations and regional needs. For more information about Neogen's livestock insect control solutions, visit: https://info.neogen.com/Prozap or contact your Neogen representative. FIFRA refers to the Federal Insecticide, Fungicide, and Rodenticide Act. These recommendations are made as permitted under FIFRA Section 2(ee). Users must be in possession of the applicable recommendation at the time of pesticide application and comply with all product label directions and applicable state requirements. *Important Use Information The FIFRA Section 2(ee) recommendations for Prozap® Insectrin X Concentrate and Prozap® Screw Worm and Ear Tick Aerosol permit certain uses that do not appear on the EPA-approved product label. This recommendation has not been submitted to or approved by the U.S. Environmental Protection Agency (EPA). Users must have the 2(ee) recommendation in their possession at the time of application and must follow all applicable directions, restrictions, and precautions on the EPA-registered product label. About Neogen Neogen Corporation is committed to fueling a brighter future for global food security through the advancement of human and animal well-being. Harnessing the power of science and technology, Neogen has developed comprehensive solutions spanning the Food Safety, Livestock, and Pet Health & Wellness markets. A world leader in these fields, Neogen has a presence in over 140 countries with a dedicated network of scientists and technical experts focused on delivering optimized products and technology for its customers. Safe Harbor Statement This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the ability of Prozap® Screw Worm and Ear Tick Aerosol and Prozap® Insectrin X Concentrate to help ranchers, livestock producers, and horse owners fight against New World Screwworm; the ability of Prozap® Screw Worm and Ear Tick Aerosol to help protect wounds from flies and maggots while controlling a variety of labeled pests, including ticks, gnats and lice; and the ability of Prozap® Insectrin X Concentrate to be incorporated into broader control programs to help manage fly populations in and around livestock facilities. These “forward-looking statements” are management’s present expectations of future events as of the date hereof and are subject to a number of known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially and adversely from those anticipated. These risks include, but are not limited to risks relating to the integration of the 3M Food Safety business, risks related to potential tax benefits realized through the 3M transaction, risks related to tariffs and other trade measures, risks related to our international operations and expansion into new geographic markets, risks related to identified material weaknesses in our internal control over financial reporting, risks related to promoting internal growth and identifying and integrating acquisitions, risks related to failure of our systems infrastructure and security breaches of our information systems, risks related to disruption in our manufacturing and service operations, risks related to disruption of third-party package delivery services or pricing increases, risks related to dependence on key suppliers, risks related to the use of distributors for product sales, risks related to the development of new products and technologies, risks related to our ability to maintain a positive reputation, risks related to customer loss, risks related to increased raw material costs, risks related to anti-bribery, trade control, trade sanctions, and anti-corruption laws, risks related to changes in domestic and foreign laws and regulations, risks related to tax audits and changes in tax laws in different jurisdictions, risks related to deterioration in profitability, cash flow, and asset impairments, risks related to competition, risks related to agricultural marketplace, risks related to our substantial indebtedness, risks related to the outcomes of litigation and other legal proceedings, risks related to our ability to obtain and protect intellectual property, risks related to patent infringement challenges, risks related to governmental regulation, risks related to our ability to attract and retain key personnel, risks related to product or service liability claims, risks related to changing political conditions, risks related to climate change, risks related to our inability to meet stakeholder expectations around environmental, social, and governance objectives, risks related to tax legislation, and other factors discussed under the heading “Risk Factors” contained in Item 1A of the company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) on July 30, 2025, as well as any updates to those risk factors filed from time to time in the company’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Neogen is not under any obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.
	Saved 2026-06-21 19:32 2mo ago Published 2026-06-18 09:00 2mo ago	Neogen® Committed to Helping Ranchers, Livestock Producers, and Horse Owners Fight Against New World Screwworm NWS News Corp	FMP Stock News
Original source text Neogen® Committed to Helping Ranchers, Livestock Producers, and Horse Owners Fight Against New World Screwworm Neogen Corporation (NASDAQ: NEOG), an innovative leader in food and animal safety solutions, today announced the expanded availability of FIFRA* Section 2(ee) recommendations for the use of Prozap® Insectrin X Concentrate and Prozap® Screw Worm and Ear Tick Aerosol as part of New World Screwworm (NWS) response efforts. These recommendations provide ranchers, livestock producers, and horse owners with an additional option to support fly management efforts. In Texas, the Texas Department of Agriculture has approved Section 2(ee) recommendations for these products. Neogen is also making Section 2(ee) recommendations available in Florida, providing producers in both states with additional tools to incorporate into broader fly management programs. While NWS was largely eradicated from the United States decades ago, recent developments have increased industry attention on prevention, vigilance, and effective fly control programs. Whether addressing emerging concerns such as NWS or routine pest pressures, prevention and prompt wound management remain important components of herd health programs. Neogen offers a broad range of insect control solutions to help producers manage insect challenges across a variety of livestock environments. Among them, Prozap® Screw Worm and Ear Tick Aerosol can help protect wounds from flies and maggots while controlling a variety of labeled pests, including ticks, gnats, and lice. Prozap® Insectrin X Concentrate can be incorporated into broader fly management programs to help manage fly populations in and around livestock facilities. USDA officials have emphasized the importance of continued vigilance, monitoring, and information sharing as the situation evolves. Although NWS has received increased attention in recent weeks, livestock producers continue to manage a range of insect-related challenges, including horn flies, stable flies, face flies, ticks, and lice, that can affect animal health, welfare, and productivity. “Producers face insect pressure every season, making prevention and routine monitoring essential parts of herd management,” said Kirk Ramsey, DVM, MS, Professional Services Veterinarian with Neogen. “Integrated fly control programs, prompt wound management, and regular observation of animals can help producers address ongoing insect challenges while remaining prepared for emerging concerns.” Neogen encourages livestock producers to work closely with their veterinarians and animal health advisors to develop insect management programs tailored to their operations and regional needs. For more information about Neogen's livestock insect control solutions, visit: https://info.neogen.com/Prozap or contact your Neogen representative. FIFRA refers to the Federal Insecticide, Fungicide, and Rodenticide Act. These recommendations are made as permitted under FIFRA Section 2(ee). Users must be in possession of the applicable recommendation at the time of pesticide application and comply with all product label directions and applicable state requirements. *Important Use Information The FIFRA Section 2(ee) recommendations for Prozap® Insectrin X Concentrate and Prozap® Screw Worm and Ear Tick Aerosol permit certain uses that do not appear on the EPA-approved product label. This recommendation has not been submitted to or approved by the U.S. Environmental Protection Agency (EPA). Users must have the 2(ee) recommendation in their possession at the time of application and must follow all applicable directions, restrictions, and precautions on the EPA-registered product label. About Neogen Neogen Corporation is committed to fueling a brighter future for global food security through the advancement of human and animal well-being. Harnessing the power of science and technology, Neogen has developed comprehensive solutions spanning the Food Safety, Livestock, and Pet Health & Wellness markets. A world leader in these fields, Neogen has a presence in over 140 countries with a dedicated network of scientists and technical experts focused on delivering optimized products and technology for its customers. Safe Harbor Statement This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the ability of Prozap® Screw Worm and Ear Tick Aerosol and Prozap® Insectrin X Concentrate to help ranchers, livestock producers, and horse owners fight against New World Screwworm; the ability of Prozap® Screw Worm and Ear Tick Aerosol to help protect wounds from flies and maggots while controlling a variety of labeled pests, including ticks, gnats and lice; and the ability of Prozap® Insectrin X Concentrate to be incorporated into broader control programs to help manage fly populations in and around livestock facilities. These “forward-looking statements” are management’s present expectations of future events as of the date hereof and are subject to a number of known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially and adversely from those anticipated. These risks include, but are not limited to risks relating to the integration of the 3M Food Safety business, risks related to potential tax benefits realized through the 3M transaction, risks related to tariffs and other trade measures, risks related to our international operations and expansion into new geographic markets, risks related to identified material weaknesses in our internal control over financial reporting, risks related to promoting internal growth and identifying and integrating acquisitions, risks related to failure of our systems infrastructure and security breaches of our information systems, risks related to disruption in our manufacturing and service operations, risks related to disruption of third-party package delivery services or pricing increases, risks related to dependence on key suppliers, risks related to the use of distributors for product sales, risks related to the development of new products and technologies, risks related to our ability to maintain a positive reputation, risks related to customer loss, risks related to increased raw material costs, risks related to anti-bribery, trade control, trade sanctions, and anti-corruption laws, risks related to changes in domestic and foreign laws and regulations, risks related to tax audits and changes in tax laws in different jurisdictions, risks related to deterioration in profitability, cash flow, and asset impairments, risks related to competition, risks related to agricultural marketplace, risks related to our substantial indebtedness, risks related to the outcomes of litigation and other legal proceedings, risks related to our ability to obtain and protect intellectual property, risks related to patent infringement challenges, risks related to governmental regulation, risks related to our ability to attract and retain key personnel, risks related to product or service liability claims, risks related to changing political conditions, risks related to climate change, risks related to our inability to meet stakeholder expectations around environmental, social, and governance objectives, risks related to tax legislation, and other factors discussed under the heading “Risk Factors” contained in Item 1A of the company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) on July 30, 2025, as well as any updates to those risk factors filed from time to time in the company’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Neogen is not under any obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260618868773/en/
	Saved 2026-06-12 17:26 2mo ago Published 2026-04-07 07:41 5mo ago	New Strong Buy Stocks for April 7th NWS News Corp	FMP Stock News
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	Saved 2026-06-12 17:26 2mo ago Published 2026-04-08 06:00 5mo ago	Where Luxury Listings Rule: Realtor.com® Identifies 13 Markets Where Seven-Figure Homes are the Norm NWS News Corp	FMP Stock News
Original source text Nantucket leads the nation where nearly 100% of inventory exceeds $1 million, while Aspen (Rifle, Colo.) posts a staggering $59.2 million threshold for the top 1% of listings , /PRNewswire/ -- In a select group of U.S. markets, high-end pricing isn't just a segment of the market, but the market itself. The Realtor.com® March Luxury Housing Report highlights 13 specific areas, including Nantucket, Mass.; Aspen, Colo; and Jackson, Wyo., that operate in a pure luxury environment where more than half of all active listings are priced at $1 million or above. This high-end concentration is set against the broader U.S. luxury housing market, which shows a seasonal firming of monthly prices, even as year-over-year figures remain slightly below 2025 levels. The national luxury threshold (90th percentile) reached nearly $1.25 million in March. While the national entry-level luxury price rose 3.7% month over month, it remains 2.9% lower than one year ago. "The national luxury market is modestly softer, but stabilizing seasonally as it enters the spring. This month we examined a select group of resort and island destinations that operate in a separate price tier," said Danielle Hale, chief economist at Realtor.com®. "In these pure luxury markets, the typical home is priced above $1 million and, in some cases, nearly everything for sale exceeds that luxury benchmark. Because the median home in these areas is already a luxury asset, the threshold for the most exclusive properties often reaches levels three to 10 times higher than the national benchmark." National Luxury Overview: March 2026 Pricing March 2026 Monthly Change YoY Change Luxury Threshold 90th Percentile $1,249,611 3.7 % -2.9 % High-End Luxury Threshold 95th Percentile $1,997,108 0.5 % -4.9 % Ultra Luxury Threshold 99th Percentile $5,753,869 -0.2 % -3.7 % Million-Dollar Listing Share 13.1 % 1.1pp -0.4pp Pure Luxury: Where $1 Million is Just the Baseline The shift toward identifying these pure luxury hubs follows last month's exploration of "accessible luxury," where buyers could break into the top 10% of listings without typical high-end price tags. This month, the data turns to the opposite end of the spectrum: markets where luxury is the standard. Nantucket, Mass., stands in a category of its own, with 99% of all active listings priced at $1 million or higher. Following closely are Vineyard Haven, Mass. (90%), and Jackson, Wyo. (68%). While coastal and mountain hubs dominate, the report also highlighted Petoskey, Mich., as an unexpected entry. With 53% of its listings priced above $1 million, the Northern Michigan resort town demonstrates how lifestyle-driven demand is creating pockets of pure luxury across the country, including in the Great Lakes region. "These pure luxury markets are defined by geographic and structural scarcity," said Anthony Smith, senior economist at Realtor.com®. "Whether it's an island with strict building codes or a mountain valley with limited private land, supply cannot expand to meet demand. This creates an environment where luxury becomes the standard. In Rifle, Colo., a micropolitan market which encompasses Aspen, the top 1% of the market starts at $59.2 million, a figure that dwarfs the ultra-luxury thresholds of even the largest coastal powerhouses like Los Angeles or New York." Luxury as the Norm: Markets Where Over Half of Listings Exceed $1M Rank Area Metro/Micro Median Listing Price 10% Most Expensive Listings Start at: 5% Most Expensive Listings Start at: 1% Most Expensive Listings Start at: Average Annual Million-Dollar Listings Count Share of Million Dollar Listings 0 USA Country $415,450 $1.25M $1.20M $5.75M 134,530 13.1 % 1 Nantucket, Mass. Micro $4.08M $10.0M $12.92M $25.76M 138 99 % 2 Vineyard Haven, Mass. Micro $2.40M $8.26M $10.84M $16.36M 194 90 % 3 Jackson, Wyo.-Idaho Micro $1.75M $10.20M $18.0M $39.55M 245 68 % 4 Santa Maria-Santa Barbara, Calif. Metro $1.72M $9.88M $16.26M $38.60M 437 69 % 5 Rifle, Colo. Micro $1.65M $16.81M $25.50M $59.18M 440 58 % 6 Hailey, Idaho Micro $1.44M $8.50M $13.0M $19.80M 145 62 % 7 Kapaa, Hawaii Micro $1.40M $5.89M $8.49M $14.70M 233 63 % 8 Napa, Calif. Metro $1.29M $4.98M $7.40M $15.98M 309 62 % 9 Salinas, Calif. Metro $1.24M $4.32M $8.86M $24.10M 313 62 % 10 Santa Cruz-Watsonville, Calif. Metro $1.20M $2.75M $4.20M $9.25M 291 57 % 11 Petoskey, Mich. Micro $1.11M $3.50M $3.71M $7.96M 104 53 % 12 San Luis Obispo-Paso Robles, Calif. Metro $1.09M $2.87M $3.87M $8.25M 342 55 % 13 Bozeman, Mont. Metro $1.01M $5.83M $8.94M $15.43M 345 51 % (Areas with less than 500 million-dollar listings and at least a 50% share of million-dollar listings) Extreme Highs: The Ultraluxury Ceiling The report found that the "ceiling" for real estate varies wildly across the country. While the national 99th percentile threshold sits at roughly $5.75 million, specific resort markets reach much higher: Rifle, Colo. (Aspen area): $59.2 million Jackson, Wyo.: $39.5 million Santa Maria-Santa Barbara, Calif.: $38.6 million Nantucket, Mass.: $25.8 million Methodology All data in this report is sourced from Realtor.com® listing trends as of March 2026, reflecting active inventory of existing homes, including single-family residences, condos, townhomes, row homes, and co-ops. Listings reflect only those provided by MLS platforms to Realtor.com® via a listing feed. New-construction listings are excluded unless actively listed on participating MLSs. Luxury segmentation is based on market-specific price percentiles, with the 90th percentile representing entry-level luxury, the 95th percentile marking high-end luxury, and the 99th percentile indicating ultraluxury. All calculations are based on listing prices, not final sales prices. Metropolitan and micropolitan areas are defined using the Office of Management and Budget's OMB-2023 delineations, with Claritas 2025 household estimates used for relative comparisons. Where appropriate, we limited analysis to metros or micros with a minimum threshold of active million-dollar listings on average over the past year to ensure meaningful comparisons. Historical listing trend data extends to July 2016, but year-over-year comparisons in this report use March 2025 as the baseline. Luxury by the Numbers 90th percentile = Entry-level luxury (top 10% of prices) 95th percentile = High-end luxury 99th percentile = Ultraluxury (often rare or custom properties) About Realtor.com® Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media contact: Emily Do, [email protected] SOURCE Realtor.com
	Saved 2026-06-12 17:26 2mo ago Published 2026-04-09 06:00 5mo ago	Most Large U.S. Housing Markets Are Shifting in Buyers' Favor, But the Story Varies Widely by Metro NWS News Corp	FMP Stock News
Original source text Realtor.com® Introduces the Realtor.com® Market Clock, a New Tool That Distills Local Housing Conditions Into a Measure of Whether It's a Buyer, Seller or Balanced Market and Where It's Headed , /PRNewswire/ -- Just over 60% of the nation's largest housing markets have tilted into balanced or buyer-friendly territory, while only 26% remain seller's markets, according to a new analysis from Realtor.com®. The findings come alongside the debut of the Realtor.com® Market Clock, a new tool designed to cut through the noise of housing data and give buyers, sellers and market watchers a clearer picture of where local markets stand and where they may be headed. The Realtor.com® Market Clock places the national housing market at 3 o'clock — a "Balanced-Loosening" phase, heading toward buyer-friendly conditions The Realtor.com® Market Clock places the national housing market at 3 o'clock — a "Balanced-Loosening" phase, heading toward buyer-friendly conditions, though not necessarily approaching them quickly. But that national reading masks striking variation across the country's 50 largest metros, which currently span nearly the full face of the clock. Of the top 50 metros, 13 (26%) remain seller's markets, 23 (46%) are in balanced-loosening phases, 8 (16%) are buyer's markets, and 6 (12%) are in balanced-tightening territory — meaning a small but notable group of markets are actually trending back toward seller advantage. "A national picture is useful, but when making a real estate decision, the local details are what really matter," said Danielle Hale, Chief Economist at Realtor.com®. "Right now, a homebuyer in Houston or San Antonio is navigating a very different market than someone in Hartford or Milwaukee. The Realtor.com® Market Clock was built to make those differences visible at a glance." A Buyer-Friendly South and West, With Pockets of Seller Strength in the Midwest and Northeast The regional picture is varied, with all 8 buyer's markets located in the South (7) or West (1). and most of the 13 seller's markets coming from the Midwest (7) and Northeast (3). Of the metros currently classified as buyer's markets, 5 of 8 are in either Florida or Texas – including Austin, Texas; Tampa, Fla.; Jacksonville, Fla; Orlando, Fla.; and Miami. All 8 buyer's market metros currently sit in what the framework calls 'Early Buyer' conditions – meaning inventory is growing, price cuts are common, buyers are starting to hold the upper hand, and their negotiating leverage is likely to get even stronger in the coming months. By contrast, most seller's markets are concentrated in the Midwest and Northeast. Four markets among the top 50, including Hartford, Connecticut, hold the "Peak Seller" position, while six, including Milwaukee, San Francisco, and Providence, RI, are exhibiting "Early Seller" conditions, meaning the conditions are already hot and getting hotter. Three metros, including Boston and San Jose, remain in late seller phases — still competitive, though seller advantage is beginning to soften in those markets. A further 8 of the top 50 markets sit at 4 o'clock, or in the Late Balanced phase of the Market Clock. While these metros – which include Charlotte, NC; Washington, DC; Phoenix, and Las Vegas–are still balanced, homes are sitting longer, prices are softening, and buyers are likely to hold the upper hand outright in the coming months. The New Realtor.com® Market Clock The Realtor.com® Market Clock is a new tool based on key market signals like market balance, market pressure and market pace with the goal of helping people understand their local markets. The market clock is organized as a 12-hour clockface. Seller-leaning conditions occupy the top of the clock (the 11, 12, and 1 o'clock positions), buyer-leaning conditions fall toward the bottom (5, 6, and 7 o'clock), and balanced phases occupy the space in between — with one set loosening toward buyers (2, 3, 4 o'clock) and the other tightening back toward sellers (8, 9, 10 o'clock). At 12 o'clock, conditions favor sellers most: homes sell quickly, competition is fierce, and buyers have limited leverage. At 6 o'clock, the market favors buyers: there's more inventory, less urgency, and more room to negotiate. The framework is built on metro-level housing data tracking supply and inventory balance, market pace and competition, and pricing pressure and adjustment. Grounded in data, the Realtor.com® Market Clock is built using consistent, metro-level housing market information that tracks conditions over time, allowing markets to be compared both across geographies and across different points in the cycle. Critically, the clock captures not just where a market stands, but how fast and in which direction it is moving — a distinction that matters significantly in markets currently in transition. "Consumers and professionals are exposed to more information than ever before, but more data hasn't always meant more clarity for people trying to make one of the biggest financial decisions of their lives," said Hale. "The Market Clock is our attempt to change that — to take the full range of signals we track and translate them into something that reflects what the market actually feels like on the ground." The Realtor.com® Market Clock is designed to describe current conditions and track shifts in leverage over time — not to forecast home prices, sales volumes, or mortgage rates. A market moving into buyer-friendly territory does not guarantee price declines, just as a seller's market does not ensure continued price appreciation. A Framework Validated by the Last Cycle The Market Clock's track record from 2019 through 2025 reflects the housing cycle that consumers and industry professionals have lived through. In December 2019, conditions were already tight: 72% of the top 50 metros were in seller-leaning phases and 26% were in balanced-tightening territory — underscoring just how primed the market was for the pandemic-era boom that followed. By December 2021, the compression was dramatic. Ninety-eight percent of the top 50 metros had reached seller-market territory — one of the most compressed and competitive environments in modern housing history, with only one metro outside seller territory. The rate shock of 2022 began to shift conditions, and by December 2023, 62% of large metros remained in seller phases, even as the lock-in effect kept inventory constrained and markets from fully cooling. By December 2025, the landscape had opened considerably: seller markets had shrunk to 26% of large metros, buyer's markets had grown to 16%, and balanced-loosening conditions had become the dominant category at 46% — reflecting a housing market defined less by uniformity than by geographic dispersion. How Buyers and Sellers Can Use the Market Clock For anyone interested in buying and selling now or in the future, the Market Clock is designed to help set expectations. Buyers can use their metro's position to gauge how competitive local conditions are, how quickly they may need to act, and how much negotiating room it is realistic to expect. Sellers can use it to help calibrate pricing strategy and understand whether patience or flexibility is likely to be rewarded in their market. "Whether you're a first-time buyer trying to figure out how aggressive your offer needs to be, or a seller wondering whether to hold firm on price, the Realtor.com market clock is a much needed solution for today's buyers and sellers," said Jake Krimmel, senior economist, Realtor.com. "It's a professional grade tool that's meant to be simple enough to give non-experts a clear takeaway. And it's best when paired with the advice and guidance of a skilled Realtor® agent when you're ready to move." The Realtor.com® Market Clock is available as part of Realtor.com® Economics housing market research portal and the report will be updated on a quarterly basis. Quadrant Region Metro Clock Hour Hour Description Seller's Markets 13 metros (3 Northeast, 7 Midwest, 1 South, 1 West) Midwest Grand Rapids-Wyoming, Mich 11 Early Seller Midwest Kansas City, Mo.-Kan. 11 Early Seller Midwest Milwaukee-Waukesha-West Allis, Wis. 11 Early Seller Midwest St. Louis, Mo.-Ill. 11 Early Seller Northeast Providence-Warwick, R.I.-Mass. 11 Early Seller West San Francisco-Oakland-Hayward, Calif. 11 Early Seller Midwest Chicago-Naperville-Elgin, Ill.-Ind.- Wis. 12 Peak Seller Midwest Indianapolis-Carmel-Anderson, Ind. 12 Peak Seller Northeast Hartford-West Hartford-East Hartford, Conn. 12 Peak Seller South Virginia Beach-Norfolk-Newport News, Va.-N.C. 12 Peak Seller Midwest Columbus, OH 1 Late Seller Northeast Boston 1 Late Seller West San Jose 1 Late Seller Balanced - Loosening 23 metros + USA Avg (1 Northeast, 3 Midwest, 12 South, 7 West) South Dallas-Fort Worth-Arlington, Texas 2 Early Balanced South Louisville/Jefferson County, Ky.- Ind. 2 Early Balanced West Denver-Aurora-Lakewood, Colo. 2 Early Balanced West Los Angeles-Long Beach- Anaheim, Calif. 2 Early Balanced West Sacramento--Roseville--Arden- Arcade, Calif. 2 Early Balanced West San Diego-Carlsbad, Calif. 2 Early Balanced West Tucson, Ariz. 2 Early Balanced USA USA 3 Balanced - Cooling Midwest Cincinnati, Ohio-Ky.-Ind. 3 Balanced - Cooling Midwest Cleveland-Elyria, Ohio 3 Balanced - Cooling Northeast Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. 3 Balanced - Cooling South Birmingham-Hoover, Ala. 3 Balanced - Cooling South Houston-The Woodlands-Sugar Land, Texas 3 Balanced - Cooling South Memphis, Tenn.-Miss.-Ark. 3 Balanced - Cooling South Richmond, Va. 3 Balanced - Cooling South San Antonio-New Braunfels, Texas 3 Balanced - Cooling Midwest Detroit-Warren-Dearborn, Mich 4 Late Balanced South Baltimore-Columbia-Towson, Md. 4 Late Balanced South Charlotte-Concord-Gastonia, N.C.-S.C. 4 Late Balanced South Oklahoma City, Okla. 4 Late Balanced South Raleigh, N.C. 4 Late Balanced South Washington-Arlington-Alexandria, DC-Va.-Md.-W. Va. 4 Late Balanced West Las Vegas-Henderson-Paradise, Nev. 4 Late Balanced West Phoenix-Mesa-Scottsdale, Ariz. 4 Late Balanced Buyer's Markets 8 metros (0 Northeast, 0 Midwest, 7 South, 1 West) South Atlanta-Sandy Springs-Roswell, Ga. 5 Early Buyer South Austin-Round Rock, Texas 5 Early Buyer South Jacksonville, Fla. 5 Early Buyer South Miami-Fort Lauderdale-West Palm Beach, Fla. 5 Early Buyer South Nashville-Davidson-- Murfreesboro--Franklin, Tenn. 5 Early Buyer South Orlando-Kissimmee-Sanford, Fla. 5 Early Buyer South Tampa-St. Petersburg-Clearwater, Fla. 5 Early Buyer West Riverside-San Bernardino-Ontario, Calif. 5 Early Buyer Balanced - Tightening 6 metros (3 Northeast, 1 Midwest, 0 South, 2 West) Midwest Minneapolis-St. Paul-Bloomington, Minn.-Wis. 9 Balanced - Warming Northeast New York-Newark-Jersey City, N.Y.-N.J.-Pa. 9 Balanced - Warming Northeast Buffalo-Cheektowaga-Niagara Falls, N.Y. 10 Late Balanced Northeast Pittsburgh, Pa. 10 Late Balanced West Portland-Vancouver-Hillsboro, Ore.-Wash. 10 Late Balanced West Seattle-Tacoma-Bellevue, Wash. 10 Late Balanced Methodology The Realtor.com® Market Clock is built on Realtor.com® housing market data and analysis of deed records to classify the top 50 U.S. metropolitan areas and a national aggregate into one of 12 phases of the buyer-seller leverage cycle. The framework synthesizes measures of market balance, pace and momentum, and pricing pressure into a single clock position for each metro. Data will be updated monthly and a report released quarterly. Data span January 2018 through December 2025. The 50 largest U.S. metropolitan areas are defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts. About Realtor.com® Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media contact: Mallory Micetich, [email protected] SOURCE Realtor.com
	Saved 2026-06-12 17:26 2mo ago Published 2026-04-21 06:00 4mo ago	Land Prices Up 77% Since the Pandemic and Inventory Never Came Back, New Realtor.com® Report NWS News Corp	FMP Stock News
Original source text New data shows land listings remain 24% below pre-pandemic levels, with build-ready lots, raw acreage, and regional markets charting starkly different paths , /PRNewswire/ -- Realtor.com® today released its first-ever analysis of land listings for sale in the United States, offering an unprecedented look at one of the most fundamental — and least examined — inputs to housing supply. The report, which draws on land listing data from June 2016 through March 2026, finds that the pandemic-era buying frenzy permanently transformed the land market: inventory has contracted 23.6% since the first quarter of 2019 and has yet to recover, while prices per acre have surged 76.6% over the same period. In the first quarter of 2026, there were 426,986 land listings for sale on Realtor.com with a median price per acre of $62,365. "The pandemic didn't only drain home inventory, it drained land inventory, and that loss is permanent," said Joel Berner, senior economist at Realtor.com®. "When a builder develops a parcel, that land never returns to the market. The construction boom of 2020 to 2022 burned through years of supply, and the market is still paying for it. Prices sit 77% above pre-pandemic levels, inventory has gone nowhere, and until the development pipeline catches up, neither of those things will change and future new construction could be more costly." Key Findings Land listings on Realtor.com® have contracted 23.6% nationally since 2019 Q1, a decline that has not meaningfully reversed even as existing home inventory has rebounded. Median prices per acre are up 76.6% since 2019 Q1, led by the Northeast (+101%) and Midwest (+89%), while Western markets have seen the softest appreciation. Raw land has appreciated the most of any development category — up 86.5% since 2019 Q1 — while build-ready listings have risen the least, at 53.3%. Land prices declined 0.5% year over year in 2026 Q1, driven largely by a sharp -5.9% drop in the West as builder activity slows and housing inventory normalizes. Port St. Lucie, FL and Fargo, ND-MN lead all metros in price appreciation since the pandemic, both exceeding 310% price-per-acre growth. Land Inventory Has Not Recovered — and Here's Why The trajectory of land listings has closely mirrored that of home listings over the past several years until recently. Before the pandemic, prices for both were steadily rising. In early 2020, inventories plummeted while prices surged. The years 2021 and 2022 saw intense, sustained price growth and inventory reduction during the ultra-low interest rate environment. The critical divergence arrived in 2024. While for-sale home inventory began posting 20% year-over-year gains as sellers re-entered the market, land inventory made virtually no progress toward pre-pandemic counts. The explanation is structural: many land listings purchased from 2020 to 2022 became new homes in 2023 to 2025. Homes eventually return to the listing pool when put up for resale, but land that is developed is permanently converted. The post-pandemic buying frenzy put a lasting dent in the supply of land for sale across the United States. Regional Picture: Northeast Prices Surge; West Cools Since the first quarter of 2019, land prices per acre have grown the most in the Northeast, followed closely by the Midwest and South. The West, which entered the pandemic with the highest land prices in the country, has seen the softest appreciation and is the only region posting meaningful year-over-year price declines. Region 2019 Q1 Price/Acre 2026 Q1 Price/Acre Change Midwest $38,757 $73,448 +89.5 % Northeast $23,584 $47,511 +101.5 % South $34,130 $63,110 +84.9 % West $41,173 $54,423 +32.2 % The Northeast's persistent price appreciation reflects structural constraints. Much of the region is already densely developed, and remaining undeveloped land is often subject to restrictive zoning, historic preservation laws, and environmental regulations. The pandemic-era construction boom consumed a significant share of what was available, and because that land was permanently transformed into housing, the supply base has contracted in ways that are difficult to reverse. Western markets have taken a different path. The region experienced the steepest pullback in new residential construction activity, with single-family building permits declining faster than in any other region in 2025. Several Western states have also seen housing inventories return to or exceed pre-pandemic levels, reducing urgency among builders for land acquisition. Combined with the region's already-high starting price point, Western land prices have cooled accordingly — falling 5.9% year over year in 2026 Q1. Raw Land Has Appreciated the Most Realtor.com® classifies land listings by development status: raw land (no development), partially developed lots (some clearing or utilities in place), and build-ready lots (marketed as immediately suitable to build on). Raw land has seen the steepest price gains since the pandemic, rising 86.5% per acre since 2019 Q1, compared to 53.3% for build-ready listings. Type Listings for Sale Median Price/Acre Median Acres Build-Ready 154,100 $126,071 1.00 Partially Developed 189,038 $53,530 1.34 Raw Land 86,637 $22,682 2.25 Raw land's outperformance reflects both its lower starting price point and its nature as a more speculative asset class. Unlike build-ready lots, which are ultimately capped in value by what a completed home can sell for, raw land's pricing is driven more by expectations, geography, and demand for development potential. In the current environment of softening construction activity, raw land has also led the recent pullback, declining 2.4% year over year compared to -1.1% for build-ready and +0.8% for partially developed listings. Markets Most Impacted Since the Pandemic Among metros with at least 500 land listings in first quarter of 2026, the Hilton Head Island-Bluffton-Port Royal, SC area has seen the steepest inventory decline compared to 2019 Q1 (-72.1%), followed by Morristown, TN (-65.7%) and Wilmington, NC (-61.2%). Notably, all ten of the hardest-hit markets are located in the eastern half of the country, where raw land is scarcer and listing stocks have not been able to be refreshed. For price appreciation, Port St. Lucie, FL leads all markets with a 314.0% gain in price per acre since 2019 Q1, followed by Fargo, ND-MN (+311.1%) and Spearfish, SD (+286.7%). Philadelphia and Kansas City, both nationally recognized for relative affordability and strong in-migration, also rank among the top ten, with price-per-acre gains of 285.4% and 260.8%, respectively. Land Prices Have Softened in the Past Year Overall land prices per acre fell 0.5% from 2025 Q1 to 2026 Q1 as demand softened. The primary driver is the slowdown in new residential construction activity, which finished 2025 below 2024 levels as builders faced increased cost pressures and weak homebuyer demand. Regionally, the South (+1.3%), Northeast (+0.9%), and Midwest (+0.2%) posted modest gains, while the West declined sharply (-5.9%). Methodology Listing data consist of for-sale land on Realtor.com® from June 2016 through March 2026. Year-over-year land price comparisons are made from the first quarter of 2026 against the first quarter of 2025, and all current statistics are as of the first quarter of 2026. Land listings are classified by development status using listing description keywords as well as price and size categorizations. Each listing is analyzed for words and phrases in the property description that indicate development status, with listings that lack clear signals falling back to a price-per-acre comparison against similar properties in the same county and acreage range, using percentile rank cutoffs to sort into categories. Metro-level data requires a minimum of 500 land listings to be included in rankings. About Realtor.com® Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media Contact: Mallory Micetich, [email protected] SOURCE Realtor.com
	Saved 2026-06-12 17:26 2mo ago Published 2026-04-21 16:15 4mo ago	News Corp to Report Fiscal 2026 Third Quarter Earnings NWS News Corp	FMP Stock News
Original source text NEW YORK--(BUSINESS WIRE)--News Corp will release its third quarter Fiscal 2026 results on Thursday, May 7, 2026. News Corp Chief Executive Robert Thomson and Chief Financial Officer Lavanya Chandrashekar will discuss the results via a live audio webcast at 5:00 p.m. EDT (Sydney: May 8, at 7:00 a.m. AEST). To listen to the webcast, please register using the following link: https://newscorp-q3fy2026-earnings-call.open-exchange.net/registration A live audio webcast of the call and the archived we.
	Saved 2026-06-12 17:26 2mo ago Published 2026-04-28 06:00 4mo ago	NYC Rents Hit New High as Rent Gap Between Staying and Moving Surpasses $1,750 NWS News Corp	FMP Stock News
Original source text With a rent freeze looming for nearly one million stabilized households, a widening rent gap is turning residential mobility from a matter of preference into a financial impossibility , /PRNewswire/ -- New York City renters are facing a market defined by rising costs and shrinking options, as the median asking rent climbed to $3,616 in the first quarter of 2026, a 6.2% year-over-year increase, while the rent gap between what current tenants pay and what the market demands has surpassed $1,750 per month, according to the Q1 2026 NYC Rental Report from Realtor.com®. The report underscores a city where switching apartments has become financially out of reach for most renters. A typical New York renter currently pays an estimated median contract rent of $1,855 per month in 2026–projected forward from 2024 ACS data. Leaving that unit for a typical available unit, would expose them to a rent gap of $1,761 per month, requiring more than $70,4400 in additional annual household income just to stay within the standard 30% affordability threshold. "Much like homeowners who locked-in low, pandemic-era mortgage rates, many of New York City's renters who have lived there for a few years or more wear their own golden handcuffs," said Danielle Hale, chief economist at Realtor.com®. "The rent gap between what tenants pay today and what the market asks has grown so wide that leaving your apartment is no longer just a logistical challenge. For most New Yorkers, it's become a financial near-impossibility. With a rent freeze on stabilized units potentially taking effect later this year, that gap could widen further, making it even costlier to leave a stabilized apartment for years to come." Rents Rise Across Every Borough, Manhattan Leads In 2026Q1, all four boroughs posted year-over-year rent increases, with Manhattan recording the steepest climb. The borough's median asking rent rose 8.3% to $4,878, requiring an annual household income of $195,120 to meet the 30% affordability benchmark. Brooklyn followed with a 3.9% increase to $3,985, Queens rose 3.3% to $3,427, and the Bronx saw a 1.7% gain to $3,099. Rents by Borough in New York City, 2026Q1 Borough Median Asking Rent Rent YoY Rent Change –6years Annual Income Required (30%) Manhattan $4,878 8.3 % 21.7 % $195,120 Brooklyn $3,985 3.9 % 47.3 % $159,400 Queens $3,427 3.3 % 41.7 % $137,080 The Bronx $3,099 1.7 % 46.9 % $123,960 Smaller Units Drive Demand and Price Pressure The demand for smaller, more affordable units is intensifying competition at the lower end of the market. The median asking rent for 0-2 bedroom apartments rose 7.6% year over year to $3,480 in Q1 2026, outpacing the 2.0% increase seen among larger 3+ bedroom units, which reached a median of $4,764. The faster rent growth in smaller units reflects the squeeze facing renters priced out of larger apartments and the lack of affordable alternatives at the entry level. The Rent Gap: No Borough Is Spared Across every corner of the city, the rent gap between staying and switching units is steep. In the Bronx, the city's most affordable borough, a typical renter faces a rent gap of $1,756 per month when looking for a new unit within the same borough, requiring roughly $70,240 in additional annual income to remain within affordability guidelines. In Brooklyn, that gap rises to $2,108 per month ($84,320 annually), in Queens to $1,499 ($59,960), and in Manhattan to $2,545 ($101,800). For a typical Manhattan renter, the numbers are especially daunting: even relocating to the Bronx, the city's most affordable borough, would require bridging a rent gap of $766, meaning that $2,553 in additional monthly income would be required to afford such a move. The Rent Gap by Borough, NYC 2026 Median Asking Rent, 2026Q1 Estimated Median Contract Rent, 2026Q1 Estimated Difference in Asking vs. Contract Rent Manhattan $4,878 $2,333 $2,545 Brooklyn $3,985 $1,877 $2,108 Queens $3,427 $1,928 $1,499 The Bronx $3,099 $1,343 $1,756 NYC $3,616 $1,855 $1,761 A Rent Freeze Could Widen the Gap Further Roughly 42% of NYC's rental units are rent-stabilized, with annual increases capped by the Rent Guidelines Board. A proposed freeze on those increases would provide immediate relief to nearly one million households, but it would also cement the growing rent gap between what stabilized tenants pay and what the open market demands. "The rent freeze would offer meaningful short-term relief, but it's a policy with long-term consequences that deserve serious scrutiny," said Realtor.com® Economist Jiayi Xu. "If the rent gap between staying and moving continues to widen, the financial barrier to leaving a stabilized unit only grows. Renters may find themselves protected on paper, but effectively locked in place, unable to move for a new job, upsize for a growing family, or simply find a better fit for their lives." NYC rents now sit 28.0% above pre-pandemic levels, compared with just 17.5% gains nationally, underscoring the severity of affordability pressures in the metro relative to the rest of the country. Methodology New York City rental data as of 2026Q1 for all units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within New York City and each of its boroughs. To calculate the median asking rent for each quarter, we first obtain the median asking rent for each month within that quarter and then take the average of the three months. Data for Staten Island is currently under review. Realtor.com®began releasing regular monthly reports for New York City in August 2024 and transitioned to quarterly rental trend reports in April 2025, with historical data available dating back to Q2 2019. About Realtor.com® Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media contact: Emily Do, [email protected] SOURCE Realtor.com
	Saved 2026-06-12 17:26 2mo ago Published 2026-04-29 09:00 4mo ago	LA Rents Fall to a Four-Year Low, But Affordability Remains Out of Reach for Many NWS News Corp	FMP Stock News
Original source text In Realtor.com®'s inaugural Los Angeles County rental report, a cooling market and landmark rent reform are converging, raising questions about affordability and mobility , /PRNewswire/ -- Los Angeles County renters are seeing rents fall to their lowest point in four years, but for many, the relief only goes so far. The median asking rent dropped to $2,520 in the first quarter of 2026, according to the Q1 2026 Los Angeles County Rental Report from Realtor.com®, Realtor.com®'s first quarterly rental analysis dedicated to the nation's second-largest metro. The $97 drop, 3.7% below a year ago, marks a new low point since the region's summer 2022 peak, when pandemic-driven demand and constrained supply pushed rents to record highs. Today, a wave of new multifamily construction is putting sustained downward pressure on the market, pulling median asking rents $298, or 10.6%, below that prior ceiling. "Los Angeles is a market in transition," said Danielle Hale, chief economist at Realtor.com®. "Supply has finally caught up, giving renters more options and more negotiating power than they've had in years. But falling rents don't automatically mean affordable rents. A typical rental in Los Angeles still requires an annual household income of over $107,000, and for many families in this city, that bar remains simply out of reach." City of Los Angeles: Relief at the Margin, Still Out of Reach for Many In the City of Los Angeles, the median asking rent was $2,682 in Q1 2026, down $96 or 3.5% year-over-year. While renters are saving $219 per month, or $2,628 annually, compared to the 2022 peak, the math remains daunting: affording a typical city rental still requires a minimum annual household income of $107,280, roughly 20% above the city's estimated median of $88,730. The affordability gap between renting in the open market and staying put is already stark. The median contract rent paid by Los Angeles tenants, reflecting years of rent stabilization, was $1,804 in 2024, more than $1,000 below the current median asking rent. That gap underpins a striking statistic: 86.5% of Los Angeles renters remained in the same unit as one year ago in 2024, up from 79% in 2010 and well above the national rate of 78.4%. In December 2025, the city enacted its most significant rent control reform in four decades, set to take effect in July 2026. The updated Rent Stabilization Ordinance caps annual increases at 4%, down from a prior ceiling of 8%, covering approximately 650,000 units, or roughly 74% of all rentals in the city. "The new cap is meaningful protection for the renters it covers," said Realtor.com® Economist Jiayi Xu. "But rent control is a double-edged policy. The same financial incentives that keep tenants safely housed in below-market apartments also make it harder to move, for a new job, a bigger space, a different neighborhood. With the gap between staying and switching already exceeding $1,000 a month, that lock-in will only deepen." Coastal Luxury Cools While Inland Cities Hold Firm City-level data reveals a market of sharp contrasts. Luxury coastal enclaves, where rents are higher, absorbed the steepest declines, with Beverly Hills falling 9.3% to $4,574 and Santa Monica dropping 2.6% to $4,187. Meanwhile, walkable, transit-connected cities held firm, with Pasadena gaining 5.8% to $2,823 and Long Beach rising 2.4% to $2,624 City-Level Rents Across LA County, 2026Q1 City Median Asking Rent Rent YoY Malibu $14,871 -3.6 % Beverly Hills $4,574 -9.3 % Santa Monica $4,187 -2.6 % City of Los Angeles $2,682 -3.5 % Pasadena $2,823 +5.8 % Culver City $2,821 +0.2 % Long Beach $2,624 +2.4 % LA Renters Stay Local Demand for LA County rentals is overwhelmingly homegrown. In Q1 2026, nearly two-thirds (60.6%) of online traffic to LA County rental listings on Realtor.com® originated from within the county itself, with another 18.9% from elsewhere in California. Out-of-state interest accounted for 16.6% of traffic, and international interest represented 3.8%, suggesting the market's trajectory is closely tied to the economic fortunes of its existing residents. Small Apartments Are Leading the Decline The steepest rent declines are concentrated among smaller apartments. The median asking rent for 0-2 bedroom units dropped $135, or 5.7%, year-over-year to $2,241, while three-bedroom-plus units saw a more modest decline of $103, or 2.8%, to $3,585. LA County Rents by Unit Size-2026Q1 Unit Size Median Asking Rent Rent YoY vs. Peak Overall $2,520 -3.7 % -10.6 % 0-2 beds $2,241 -5.7 % -9.2 % 3+ beds $3,585 -2.8 % -12.2 % Methodology LA rental data as of 2026Q1 for all units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within LA county. To calculate the median asking rent for each quarter, we first obtain the median asking rent for each month within that quarter and then take the average of the three months. About Realtor.com® Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media contact: Emily Do, [email protected] SOURCE Realtor.com
	Saved 2026-06-12 17:26 2mo ago Published 2026-05-05 06:00 4mo ago	Nearly 4 Million American Homes Now House Multiple Generations, New Realtor.com® Report Finds NWS News Corp	FMP Stock News
Original source text /PRNewswire/ -- With Mother's Day around the corner, nearly 3 million owner-occupied homes across the country have at least two mothers living under one roof
	Saved 2026-06-12 17:26 2mo ago Published 2026-05-05 16:00 4mo ago	Zillow and Realtor.com® set a new standard for pre-market transparency, extending Preview listings to buyers across both platforms NWS News Corp	FMP Stock News
Original source text /PRNewswire/ -- Zillow and Realtor.com today set a new standard for pre-market transparency in residential real estate - one in which more buyers can see
	Saved 2026-06-12 17:26 2mo ago Published 2026-05-07 06:00 4mo ago	Urban New Construction Is Scarce, Expensive, and in High Demand NWS News Corp	FMP Stock News
Original source text Urban new builds account for just 11% of listings but carry a 78% price premium AUSTIN, Texas, May 7, 2026 /PRNewswire/ -- Realtor.com® today released its first quarter 2026 New Construction Insights Report, revealing a tale of two housing markets: an urban new construction market defined by scarcity and steep premiums, and a suburban one marked by stability and competitive pricing. The report finds that while new construction has shown remarkable resilience overall, where new homes are being built is shaping who can afford them and how much they will pay.
	Saved 2026-06-12 17:26 2mo ago Published 2026-05-07 16:15 4mo ago	News Corporation Reports Third Quarter Results for Fiscal 2026 NWS News Corp	FMP Stock News
Original source text NEW YORK--(BUSINESS WIRE)--News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended March 31, 2026. Commenting on the results, Chief Executive Robert Thomson said: “News Corp has again delivered resounding results this quarter, and we remain on track for another year of record profitability given the strength seen thus far in the fourth quarter. For the third quarter of fiscal 2026, our total revenue rose 9 percent to $2.2 billion, while net income from continuing operations rose 13 percent to $121 million and Total Segment EBITDA increased a robust 18 percent to $343 million. Both EPS and Adjusted EPS were also notably higher. The third quarter was compelling evidence of the transformation of our business, and demonstrated the robustness of our core growth engines, which we expect will propel us towards a strong fiscal finish. Given our firm belief that the current share price does not reflect the intrinsic value of the company or its prospects, we have continued to execute our enhanced buyback program at an accelerated rate. Our confidence comes as the world is grappling with the potential impact of AI. We are an AI inputs company and that fact was reflected in our recent deal with Meta, which complements our partnership with OpenAI. We are in discussions with other companies who recognize the preciousness of provenance, and these potential deals should have a positive impact on our revenue and profitability. We are also tracking a number of dodgy digital firms scraping illicitly, illegally our precious content and shamelessly reselling this purloined property. We have these baleful bad-boy bots in our sights and intend to pursue them vigorously. And we believe companies that willingly buy this stolen content from these nefarious fences are also culpable.” THIRD QUARTER RESULTS The Company reported fiscal 2026 third quarter total revenues of $2.19 billion, a 9% increase compared to $2.01 billion in the prior year period, primarily driven by higher real estate revenues at the Digital Real Estate Services segment, higher circulation and subscription revenues at the Dow Jones segment and higher sales at the Book Publishing segment. Results included an $88 million, or 5%, positive impact from foreign currency fluctuations. Adjusted Revenues (which excludes the foreign currency impact, acquisitions and divestitures as defined in Note 2) increased 4% compared to the prior year. Net income from continuing operations for the quarter was $121 million, a 13% increase compared to $107 million in the prior year, primarily driven by higher Total Segment EBITDA, partially offset by higher tax expense. The Company reported third quarter Total Segment EBITDA of $343 million, an 18% increase compared to $290 million in the prior year primarily due to strong contributions from the Digital Real Estate Services and Dow Jones segments and lower employee costs in the Other segment. Adjusted Total Segment EBITDA (as defined in Note 2) increased 13%. Net income from continuing operations per share attributable to News Corporation stockholders was $0.16 as compared to $0.14 in the prior year. Adjusted EPS (as defined in Note 3) were $0.21 compared to $0.17 in the prior year. SEGMENT REVIEW For the three months ended March 31, For the nine months ended March 31, 2026 2025 % Change 2026 2025 % Change (in millions) Better/ (Worse) (in millions) Better/ (Worse) Revenues: Dow Jones $ 619 $ 575 8 % $ 1,853 $ 1,727 7 % Digital Real Estate Services 473 406 17 % 1,463 1,336 10 % Book Publishing 555 514 8 % 1,722 1,655 4 % News Media 538 514 5 % 1,653 1,625 2 % Other — — — % — — — % Total Revenues $ 2,185 $ 2,009 9 % $ 6,691 $ 6,343 5 % Segment EBITDA: Dow Jones $ 147 $ 132 11 % $ 482 $ 437 10 % Digital Real Estate Services 155 124 25 % 519 449 16 % Book Publishing 73 64 14 % 230 246 (7 )% News Media 15 33 (55 )% 115 125 (8 )% Other (47 ) (63 ) 25 % (142 ) (164 ) 13 % Total Segment EBITDA $ 343 $ 290 18 % $ 1,204 $ 1,093 10 % Dow Jones Revenues in the quarter increased $44 million, or 8%, compared to the prior year, driven by continued growth in the professional information business and higher digital advertising revenues. Results included a $7 million, or 2%, positive impact from foreign currency fluctuations. Digital revenues at Dow Jones in the quarter represented 84% of total revenues compared to 82% in the prior year. Adjusted Revenues increased 6%. Circulation and subscription revenues increased $33 million, or 7%, reflecting an 11% increase in professional information business revenues, led by 19% growth in Risk & Compliance revenues to $100 million, which includes a modest contribution from recent acquisitions, and 12% growth in Dow Jones Energy revenues to $77 million. Circulation revenues increased 1% compared to the prior year driven by the conversion of customers from introductory promotions to higher pricing and the continued growth in digital-only subscriptions, partly offset by lower print volume and the absence of a licensing revenue timing benefit in the prior year. Digital circulation revenues accounted for 76% of circulation revenues for the quarter, compared to 75% in the prior year. During the third quarter, total average subscriptions to Dow Jones’ consumer products were over 6.5 million, a 7% increase compared to the prior year. Digital-only subscriptions to Dow Jones’ consumer products grew 9% to nearly 6.1 million. Total subscriptions to The Wall Street Journal grew 8% compared to the prior year, to 4.7 million average subscriptions in the quarter. Digital-only subscriptions to The Wall Street Journal grew 11% to 4.3 million average subscriptions in the quarter, driven by growth in enterprise subscriptions, and represented 92% of total Wall Street Journal subscriptions. For the three months ended March 31, 2026 2025 % Change (in thousands, except %) Better/(Worse) The Wall Street Journal Digital-only subscriptions 4,332 3,913 11 % Total subscriptions 4,707 4,339 8 % Barron’s Group Digital-only subscriptions 1,438 1,368 5 % Total subscriptions 1,530 1,485 3 % Total Consumer Digital-only subscriptions 6,064 5,543 9 % Total subscriptions 6,546 6,103 7 % Advertising revenues for the quarter increased $5 million, or 6%, driven by digital advertising revenues, which grew 13%, partially offset by a 6% decrease in print advertising revenues. Digital advertising accounted for 67% of total advertising revenues for the quarter, compared to 63% in the prior year. Segment EBITDA for the quarter increased $15 million, or 11%, primarily as a result of the higher revenues discussed above, partially offset by higher employee costs. Adjusted Segment EBITDA increased 12%. On March 16th, 2026, News Corp hosted a Dow Jones investor briefing in New York, announcing, among other things, a pathway to $1 billion in annual Segment EBITDA within five years(1), which should benefit from strong growth in Risk & Compliance and Dow Jones Energy. Investor briefing materials can be located on the News Corp Investor Relations website: https://newscorp.com/news-corp-quarterly-earnings-reports/investor-presentation-dow-jones-investor-briefing-2026/. Digital Real Estate Services Revenues in the quarter increased $67 million, or 17%, compared to the prior year, driven by higher revenues at both REA Group and Move. Segment EBITDA in the quarter increased $31 million, or 25%, compared to the prior year, due to higher contribution from REA Group and improved results at Move. Adjusted Revenues and Adjusted Segment EBITDA increased 8% and 16%, respectively. In the quarter, revenues at REA Group increased $54 million, or 20%, to $325 million, driven by a $31 million, or 12%, positive impact from foreign currency fluctuations, higher Australian residential revenues due to price increases, growth in add-on products and geographical mix and higher financial services revenues. Strong Australian revenues were partly offset by a decrease in REA India revenues due to the sale of PropTiger and the closure of Housing Edge. Australian national residential buy listing volumes in the quarter were up 1% compared to the prior year, with listings in Sydney up 4% and Melbourne up 7%. Move’s revenues in the quarter increased $13 million, or 10%, to $148 million, primarily as a result of higher sales of RealPRO SelectSM, as Move shifts its focus to more premium offerings with higher revenues per lead, and revenue growth in seller, new homes and rentals. Based on Move’s internal data, average monthly unique users of Realtor.com®’s web and mobile sites for the fiscal third quarter were 66 million, or flat compared to the prior year. Lead volume rose 6% compared to the prior year period. Monthly average visits for the third quarter for Realtor.com®, according to Comscore, were 261 million. Book Publishing Revenues in the quarter increased $41 million, or 8%, compared to the prior year, driven by higher physical and digital book sales led by Rachel Reid’s Game Changers, and a $6 million impact from recent acquisitions. The increase included a $12 million, or 2%, positive impact from foreign currency fluctuations. Adjusted Revenues increased 4%. Digital sales increased 11% compared to the prior year driven by an increase in e-book and audiobook sales. Digital sales represented 26% of consumer revenues for the quarter compared to 25% for the prior year period. Backlist sales represented approximately 64% of consumer revenues in the quarter compared to 65% in the prior year. Segment EBITDA for the quarter increased $9 million, or 14%, compared to the prior year, primarily due to the higher revenues discussed above, partially offset by higher costs due to higher sales volume. Adjusted Segment EBITDA also increased 14%. News Media Revenues in the quarter increased $24 million, or 5%, compared to the prior year, primarily due to a $38 million, or 8%, positive impact from foreign currency fluctuations. Adjusted Revenues for the segment decreased 2% compared to the prior year. Circulation and subscription revenues increased $20 million, or 7%, compared to the prior year, due to a $21 million, or 7%, positive impact from foreign currency fluctuations, increased cover and subscription pricing and digital subscriber growth, partially offset by print volume declines. Advertising revenues increased $5 million, or 3%, compared to the prior year, primarily due to a $13 million, or 7%, positive impact from foreign currency fluctuations and higher digital advertising revenues, partially offset by lower print advertising revenues, notably at News UK. In the quarter, Segment EBITDA decreased $18 million, or 55%, compared to the prior year, primarily driven by lower contribution from News UK and costs related to the recently launched California Post. Adjusted Segment EBITDA decreased 61%. Digital revenues represented 40% of News Media segment revenues in the quarter, compared to 39% in the prior year, and represented 38% of the combined revenues of the newspaper mastheads. Digital subscribers and users across key properties within the News Media segment are summarized below: Closing digital subscribers at News Corp Australia as of March 31, 2026 were 1,171,000 (992,000 for news mastheads), compared to 1,148,000 (981,000 for news mastheads) in the prior year (Source: Internal data) The Times and Sunday Times closing digital subscribers, including the Times Literary Supplement, as of March 31, 2026 were 676,000, compared to 629,000 in the prior year (Source: Internal data). The Sun’s digital offering reached 65 million global monthly unique users in March 2026, compared to 74 million in the prior year (Source: Meta Pixel) New York Post’s digital network reached 78 million unique users in March 2026, compared to 85 million in the prior year (Source: Google Analytics) CASH FLOW The following table presents a reconciliation of net cash provided by operating activities from continuing operations to free cash flow: For the nine months ended March 31, 2026 2025 (in millions) Net cash provided by operating activities from continuing operations $ 815 $ 789 Less: Capital expenditures (280 ) (250 ) Free cash flow $ 535 $ 539 Net cash provided by operating activities from continuing operations of $815 million for the nine months ended March 31, 2026 was $26 million higher than net cash provided by operating activities from continuing operations of $789 million in the prior year, primarily due to higher Total Segment EBITDA, partially offset by higher working capital due to the timing of payments and higher tax payments. Free cash flow in the nine months ended March 31, 2026 was $535 million compared to $539 million in the prior year. The decrease in free cash flow was primarily due to higher capital expenditures, partially offset by higher cash provided by operating activities from continuing operations. News Corp expects strong growth in free cash flow generation for the full fiscal year despite moderately higher capital expenditures. Free cash flow is a non-GAAP financial measure. Free cash flow is defined as net cash provided by (used in) operating activities from continuing operations less capital expenditures. Free cash flow excludes cash flows from discontinued operations. Free cash flow may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what items should be included in the calculation of free cash flow. Free cash flow does not represent the total increase or decrease in the cash balance for the period and should be considered in addition to, not as a substitute for, the net change in cash and cash equivalents as presented in the Company’s consolidated statements of cash flows prepared in accordance with GAAP, which incorporates all cash movements during the period. The Company believes free cash flow provides useful information to management and investors about the Company’s liquidity and cash flow trends. COMPARISON OF NON-GAAP TO U.S. GAAP INFORMATION Adjusted Revenues, Total Segment EBITDA, Adjusted Total Segment EBITDA, Adjusted Segment EBITDA, adjusted net income attributable to News Corporation stockholders, Adjusted EPS, constant currency revenues and free cash flow are non-GAAP financial measures contained in this earnings release. The Company believes these measures are important tools for investors and analysts to use in assessing the Company’s underlying business performance and to provide for more meaningful comparisons of the Company’s operating performance between periods. These measures also allow investors and analysts to view the Company’s business from the same perspective as Company management. These non-GAAP measures may be different than similar measures used by other companies and should be considered in addition to, not as a substitute for, measures of financial performance calculated in accordance with GAAP. Reconciliations for the differences between non-GAAP measures used in this earnings release and comparable financial measures calculated in accordance with U.S. GAAP are included in Notes 1, 2, 3 and 4 and the reconciliation of net cash provided by operating activities from continuing operations to free cash flow is included above. Footnotes (1) Forward-looking view of Dow Jones Segment EBITDA is not a profit forecast. Conference call News Corporation’s earnings conference call can be heard live at 5:00 p.m. EDT on May 7, 2026. To listen to the call, please visit http://investors.newscorp.com. Cautionary Statement Concerning Forward-Looking Statements This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding trends and uncertainties affecting the Company’s business, results of operations and financial condition, Dow Jones’ business, the Company’s strategy and strategic initiatives, including potential acquisitions, investments and dispositions, the Company’s cost savings initiatives and the outcome of contingencies such as litigation and investigations. These statements are based on management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to the risks, uncertainties and other factors described in the Company’s filings with the Securities and Exchange Commission. More detailed information about factors that could affect future results is contained in our filings with the Securities and Exchange Commission. The “forward-looking statements” included in this document are made only as of the date of this document and we do not have and do not undertake any obligation to publicly update any “forward-looking statements” to reflect subsequent events or circumstances, and we expressly disclaim any such obligation, except as required by law or regulation. About News Corporation News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: www.newscorp.com. NEWS CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) For the three months ended March 31, For the nine months ended March 31, 2026 2025 2026 2025 Revenues: Circulation and subscription $ 809 $ 755 $ 2,383 $ 2,243 Advertising 322 308 1,028 1,014 Consumer 530 492 1,647 1,585 Real estate 365 318 1,136 1,052 Other 159 136 497 449 Total Revenues 2,185 2,009 6,691 6,343 Operating expenses (952 ) (904 ) (2,901 ) (2,819 ) Selling, general and administrative (890 ) (815 ) (2,586 ) (2,431 ) Depreciation and amortization (122 ) (114 ) (357 ) (339 ) Impairment and restructuring charges (18 ) (13 ) (67 ) (51 ) Equity losses of affiliates (1 ) — (5 ) (11 ) Interest income (expense), net 5 1 20 (2 ) Other, net (18 ) (13 ) (27 ) 101 Income before income tax expense from continuing operations 189 151 768 791 Income tax expense from continuing operations (68 ) (44 ) (255 ) (229 ) Net income from continuing operations 121 107 513 562 Net income from discontinued operations, net of tax — 30 — 2 Net income 121 137 513 564 Net income attributable to noncontrolling interests from continuing operations (32 ) (26 ) (119 ) (135 ) Net (income) loss attributable to noncontrolling interests from discontinued operations — (8 ) — 8 Net income attributable to News Corporation stockholders $ 89 $ 103 $ 394 $ 437 Weighted-average shares outstanding Basic 554.0 567.2 559.8 568.3 Diluted 555.7 569.5 561.5 570.3 Net income attributable to News Corporation stockholders per share: Basic Continuing operations $ 0.16 $ 0.14 $ 0.70 $ 0.75 Discontinued operations $ — $ 0.04 $ — $ 0.02 $ 0.16 $ 0.18 $ 0.70 $ 0.77 Diluted Continuing operations $ 0.16 $ 0.14 $ 0.70 $ 0.75 Discontinued operations $ — $ 0.04 $ — $ 0.02 $ 0.16 $ 0.18 $ 0.70 $ 0.77 NEWS CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited; in millions) As of March 31, 2026 As of June 30, 2025 ASSETS Current assets: Cash and cash equivalents $ 2,171 $ 2,403 Receivables, net 1,778 1,562 Inventory, net 303 327 Other current assets 327 519 Total current assets 4,579 4,811 Non-current assets: Investments 1,000 1,016 Property, plant and equipment, net 1,350 1,331 Operating lease right-of-use assets 765 789 Intangible assets, net 1,877 1,930 Goodwill 4,485 4,373 Deferred income tax assets, net 186 254 Other non-current assets 1,274 1,000 Total assets $ 15,516 $ 15,504 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 384 $ 335 Accrued expenses 1,041 1,036 Deferred revenue 556 498 Current borrowings — 25 Other current liabilities 709 714 Total current liabilities 2,690 2,608 Non-current liabilities: Borrowings 1,988 1,937 Retirement benefit obligations 115 117 Deferred income tax liabilities, net 54 57 Operating lease liabilities 854 904 Other non-current liabilities 534 492 Commitments and contingencies Equity: Class A common stock 4 4 Class B common stock 2 2 Additional paid-in capital 10,567 11,058 Accumulated deficit (452 ) (747 ) Accumulated other comprehensive loss (1,537 ) (1,543 ) Total News Corporation stockholders' equity 8,584 8,774 Noncontrolling interests 697 615 Total equity 9,281 9,389 Total liabilities and equity $ 15,516 $ 15,504 NEWS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited; in millions) For the nine months ended March 31, 2026 2025 Operating activities: Net income $ 513 $ 564 Net loss (income) from discontinued operations, net of tax — (2 ) Net income from continuing operations 513 562 Adjustments to reconcile net income from continuing operations to net cash provided by operating activities from continuing operations: Depreciation and amortization 357 339 Operating lease expense 51 55 Equity losses of affiliates 5 11 Impairment charges 17 2 Deferred income taxes 69 83 Other, net 31 (99 ) Change in operating assets and liabilities, net of acquisitions: Receivables and other assets (270 ) (95 ) Inventories, net 32 (49 ) Accounts payable and other liabilities 10 (20 ) Net cash provided by operating activities from continuing operations 815 789 Investing activities: Capital expenditures (280 ) (250 ) Proceeds from sales of property, plant and equipment 1 — Acquisitions, net of cash acquired (96 ) (53 ) Purchases of investments in equity affiliates and other (53 ) (141 ) Proceeds from sales of investments in equity affiliates and other 65 263 Other, net (16 ) (13 ) Net cash used in investing activities from continuing operations (379 ) (194 ) Financing activities: Borrowings 125 61 Repayment of borrowings (100 ) (200 ) Repurchase of News Corp shares (456 ) (114 ) Dividends paid (149 ) (128 ) Other, net (96 ) (44 ) Net cash used in financing activities from continuing operations (676 ) (425 ) Cash flows from discontinued operations: Net cash (used in) provided by operating activities from discontinued operations (6 ) 157 Net cash used in investing activities from discontinued operations — (65 ) Net cash used in financing activities from discontinued operations — (39 ) Net cash (used in) provided by discontinued operations (6 ) 53 Net change in cash, cash equivalents and restricted cash, including discontinued operations (246 ) 223 Effect of exchange rate changes on cash, cash equivalents and restricted cash, including discontinued operations 14 (12 ) Cash, cash equivalents and restricted cash, including discontinued operations, beginning of year 2,403 1,960 Cash, cash equivalents and restricted cash, including discontinued operations, end of period 2,171 2,171 Less: Cash and cash equivalents at end of period of discontinued operations — (76 ) Cash and cash equivalents $ 2,171 $ 2,095 NOTE 1 – TOTAL SEGMENT EBITDA Segment EBITDA is defined as revenues less operating expenses and selling, general and administrative expenses. Segment EBITDA does not include: depreciation and amortization, impairment and restructuring charges, equity losses of affiliates, interest (expense) income, net, other, net, income tax (expense) benefit and net income (loss) from discontinued operations, net of tax. Management believes that Segment EBITDA is an appropriate measure for evaluating the operating performance of the Company’s business segments because it is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of and allocate resources within the Company’s businesses. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences). Total Segment EBITDA is a non-GAAP measure and should be considered in addition to, not as a substitute for, net income (loss) from continuing operations, cash flow from continuing operations and other measures of financial performance reported in accordance with GAAP. In addition, this measure does not reflect cash available to fund requirements and excludes items, such as depreciation and amortization and impairment and restructuring charges, which are significant components in assessing the Company’s financial performance. The Company believes that the presentation of Total Segment EBITDA provides useful information regarding the Company’s operations and other factors that affect the Company’s reported results. Specifically, the Company believes that by excluding certain one-time or non-cash items such as impairment and restructuring charges and depreciation and amortization, as well as potential distortions between periods caused by factors such as financing and capital structures and changes in tax positions or regimes, the Company provides users of its consolidated financial statements with insight into both its core operations as well as the factors that affect reported results between periods but which the Company believes are not representative of its core business. As a result, users of the Company’s consolidated financial statements are better able to evaluate changes in the core operating results of the Company across different periods. The following tables reconcile net income from continuing operations to Total Segment EBITDA for the three and nine months ended March 31, 2026 and 2025: For the three months ended March 31, 2026 2025 Change % Change (in millions) Net income from continuing operations 121 107 14 13 % Reconciling items: Income tax expense from continuing operations 68 44 24 55 % Other, net 18 13 5 38 % Interest income, net (5 ) (1 ) (4 ) (400 )% Equity losses of affiliates 1 — 1 Impairment and restructuring charges 18 13 5 38 % Depreciation and amortization 122 114 8 7 % Total Segment EBITDA $ 343 $ 290 $ 53 18 % For the nine months ended March 31, 2026 2025 Change % Change (in millions) Net income from continuing operations 513 562 (49 ) (9 )% Reconciling items: Income tax expense from continuing operations 255 229 26 11 % Other, net 27 (101 ) 128 Interest (income) expense, net (20 ) 2 (22 ) Equity losses of affiliates 5 11 (6 ) (55 )% Impairment and restructuring charges 67 51 16 31 % Depreciation and amortization 357 339 18 5 % Total Segment EBITDA $ 1,204 $ 1,093 $ 111 10 % Not meaningful NOTE 2 – ADJUSTED REVENUES, ADJUSTED TOTAL SEGMENT EBITDA AND ADJUSTED SEGMENT EBITDA The Company uses revenues, Total Segment EBITDA and Segment EBITDA excluding the impact of acquisitions, divestitures, fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World (the “U.K. Newspaper Matters”), charges for other significant, non-ordinary course legal or regulatory matters (“litigation charges”) and foreign currency fluctuations (“Adjusted Revenues,” “Adjusted Total Segment EBITDA” and “Adjusted Segment EBITDA,” respectively) to evaluate the performance of the Company’s core business operations exclusive of certain items that impact the comparability of results from period to period such as the unpredictability and volatility of currency fluctuations. The Company calculates the impact of foreign currency fluctuations for businesses reporting in currencies other than the U.S. dollar by multiplying the results for each quarter in the current period by the difference between the average exchange rate for that quarter and the average exchange rate in effect during the corresponding quarter of the prior year and totaling the impact for all quarters in the current period. The calculation of Adjusted Revenues, Adjusted Total Segment EBITDA and Adjusted Segment EBITDA may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what type of events warrant adjustment. Adjusted Revenues, Adjusted Total Segment EBITDA and Adjusted Segment EBITDA are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for amounts determined under GAAP as measures of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors. The following tables reconcile reported revenues and reported Total Segment EBITDA to Adjusted Revenues and Adjusted Total Segment EBITDA for the three and nine months ended March 31, 2026 and 2025: Revenues Total Segment EBITDA For the three months ended March 31, For the three months ended March 31, 2026 2025 Difference 2026 2025 Difference (in millions) (in millions) As reported $ 2,185 $ 2,009 $ 176 $ 343 $ 290 $ 53 Impact of acquisitions (16 ) — (16 ) 4 — 4 Impact of divestitures — (4 ) 4 — — — Impact of foreign currency fluctuations (88 ) — (88 ) (16 ) — (16 ) Net impact of U.K. Newspaper Matters — — — — 4 (4 ) As adjusted $ 2,081 $ 2,005 $ 76 $ 331 $ 294 $ 37 Revenues Total Segment EBITDA For the nine months ended March 31, For the nine months ended March 31, 2026 2025 Difference 2026 2025 Difference (in millions) (in millions) As reported $ 6,691 $ 6,343 $ 348 $ 1,204 $ 1,093 $ 111 Impact of acquisitions (52 ) — (52 ) 9 — 9 Impact of divestitures (3 ) (15 ) 12 1 3 (2 ) Impact of foreign currency fluctuations (118 ) — (118 ) (20 ) — (20 ) Net impact of U.K. Newspaper Matters — — — 1 10 (9 ) As adjusted $ 6,518 $ 6,328 $ 190 $ 1,195 $ 1,106 $ 89 Foreign Exchange Rates Average foreign exchange rates used in the calculation of the impact of foreign currency fluctuations for the three and nine months ended March 31, 2026 and 2025 are as follows: Fiscal Year 2026 Q1 Q2 Q3 U.S. Dollar per Australian Dollar $0.65 $0.66 $0.69 U.S. Dollar per British Pound Sterling $1.35 $1.33 $1.35 Fiscal Year 2025 Q1 Q2 Q3 U.S. Dollar per Australian Dollar $0.67 $0.65 $0.63 U.S. Dollar per British Pound Sterling $1.30 $1.28 $1.26 Adjusted Revenues and Adjusted Segment EBITDA by segment for the three and nine months ended March 31, 2026 and 2025 are as follows: For the three months ended March 31, 2026 2025 % Change (in millions) Better/(Worse) Adjusted Revenues: Dow Jones $ 607 $ 575 6 % Digital Real Estate Services 437 404 8 % Book Publishing 537 514 4 % News Media 500 512 (2 )% Other — — — % Adjusted Total Revenues $ 2,081 $ 2,005 4 % Adjusted Segment EBITDA: Dow Jones $ 148 $ 132 12 % Digital Real Estate Services 144 124 16 % Book Publishing 73 64 14 % News Media 13 33 (61 )% Other (47 ) (59 ) 20 % Adjusted Total Segment EBITDA $ 331 $ 294 13 % For the nine months ended March 31, 2026 2025 % Change (in millions) Better/(Worse) Adjusted Revenues: Dow Jones $ 1,823 $ 1,727 6 % Digital Real Estate Services 1,428 1,330 7 % Book Publishing 1,669 1,655 1 % News Media 1,598 1,616 (1 )% Other — — — % Adjusted Total Revenues $ 6,518 $ 6,328 3 % Adjusted Segment EBITDA: Dow Jones $ 483 $ 437 11 % Digital Real Estate Services 515 450 14 % Book Publishing 228 246 (7 )% News Media 110 127 (13 )% Other (141 ) (154 ) 8 % Adjusted Total Segment EBITDA $ 1,195 $ 1,106 8 % The following tables reconcile reported revenues and Segment EBITDA by segment to Adjusted Revenues and Adjusted Segment EBITDA by segment for the three and nine months ended March 31, 2026 and 2025: For the three months ended March 31, 2026 As Reported Impact of Acquisitions Impact of Divestitures Impact of Foreign Currency Fluctuations Net Impact of U.K. Newspaper Matters As Adjusted (in millions) Revenues: Dow Jones $ 619 $ (5 ) $ — $ (7 ) $ — $ 607 Digital Real Estate Services 473 (5 ) — (31 ) — 437 Book Publishing 555 (6 ) — (12 ) — 537 News Media 538 — — (38 ) — 500 Other — — — — — — Total Revenues $ 2,185 $ (16 ) $ — $ (88 ) $ — $ 2,081 Segment EBITDA: Dow Jones $ 147 $ 1 $ — $ — $ — $ 148 Digital Real Estate Services 155 3 — (14 ) — 144 Book Publishing 73 — — — — 73 News Media 15 — — (2 ) — 13 Other (47 ) — — — — (47 ) Total Segment EBITDA $ 343 $ 4 $ — $ (16 ) $ — $ 331 For the three months ended March 31, 2025 As Reported Impact of Acquisitions Impact of Divestitures Impact of Foreign Currency Fluctuations Net Impact of U.K. Newspaper Matters As Adjusted (in millions) Revenues: Dow Jones $ 575 $ — $ — $ — $ — $ 575 Digital Real Estate Services 406 — (2 ) — — 404 Book Publishing 514 — — — — 514 News Media 514 — (2 ) — — 512 Other — — — — — — Total Revenues $ 2,009 $ — $ (4 ) $ — $ — $ 2,005 Segment EBITDA: Dow Jones $ 132 $ — $ — $ — $ — $ 132 Digital Real Estate Services 124 — — — — 124 Book Publishing 64 — — — — 64 News Media 33 — — — — 33 Other (63 ) — — — 4 (59 ) Total Segment EBITDA $ 290 $ — $ — $ — $ 4 $ 294 For the nine months ended March 31, 2026 As Reported Impact of Acquisitions Impact of Divestitures Impact of Foreign Currency Fluctuations Net Impact of U.K. Newspaper Matters As Adjusted (in millions) Revenues: Dow Jones $ 1,853 $ (15 ) $ — $ (15 ) $ — $ 1,823 Digital Real Estate Services 1,463 (9 ) (1 ) (25 ) — 1,428 Book Publishing 1,722 (28 ) — (25 ) — 1,669 News Media 1,653 — (2 ) (53 ) — 1,598 Other — — — — — — Total Revenues $ 6,691 $ (52 ) $ (3 ) $ (118 ) $ — $ 6,518 Segment EBITDA: Dow Jones $ 482 $ 2 $ — $ (1 ) $ — $ 483 Digital Real Estate Services 519 6 1 (11 ) — 515 Book Publishing 230 1 — (3 ) — 228 News Media 115 — — (5 ) — 110 Other (142 ) — — — 1 (141 ) Total Segment EBITDA $ 1,204 $ 9 $ 1 $ (20 ) $ 1 $ 1,195 For the nine months ended March 31, 2025 As Reported Impact of Acquisitions Impact of Divestitures Impact of Foreign Currency Fluctuations Net Impact of U.K. Newspaper Matters As Adjusted (in millions) Revenues: Dow Jones $ 1,727 $ — $ — $ — $ — $ 1,727 Digital Real Estate Services 1,336 — (6 ) — — 1,330 Book Publishing 1,655 — — — — 1,655 News Media 1,625 — (9 ) — — 1,616 Other — — — — — — Total Revenues $ 6,343 $ — $ (15 ) $ — $ — $ 6,328 Segment EBITDA: Dow Jones $ 437 $ — $ — $ — $ — $ 437 Digital Real Estate Services 449 — 1 — — 450 Book Publishing 246 — — — — 246 News Media 125 — 2 — — 127 Other (164 ) — — — 10 (154 ) Total Segment EBITDA $ 1,093 $ — $ 3 $ — $ 10 $ 1,106 NOTE 3 – ADJUSTED NET INCOME (LOSS) ATTRIBUTABLE TO NEWS CORPORATION STOCKHOLDERS AND ADJUSTED EPS The Company uses net income (loss) attributable to News Corporation stockholders from continuing operations and diluted earnings per share from continuing operations (“EPS”) excluding expenses related to U.K. Newspaper Matters, litigation charges, impairment and restructuring charges and “Other, net”, net of tax, recognized by the Company or its equity method investees, as well as the settlement of certain pre-Separation tax matters (“adjusted net income (loss) attributable to News Corporation stockholders” and “adjusted EPS,” respectively), to evaluate the performance of the Company’s operations exclusive of certain items that impact the comparability of results from period to period, as well as certain non-operational items. The calculation of adjusted net income (loss) attributable to News Corporation stockholders and adjusted EPS may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what type of events warrant adjustment. Adjusted net income (loss) attributable to News Corporation stockholders and adjusted EPS are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for consolidated net income (loss) attributable to News Corporation stockholders from continuing operations and net income (loss) per share from continuing operations as determined under GAAP as a measure of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors. The following tables reconcile reported net income attributable to News Corporation stockholders from continuing operations and reported diluted EPS to adjusted net income attributable to News Corporation stockholders and adjusted EPS for the three and nine months ended March 31, 2026 and 2025: For the three months ended March 31, 2026 For the three months ended March 31, 2025 (in millions, except per share data) Net income attributable to stockholders EPS Net income attributable to stockholders EPS Net income from continuing operations $ 121 $ 107 Less: Net income attributable to noncontrolling interests from continuing operations (32 ) (26 ) Net income attributable to News Corporation stockholders from continuing operations $ 89 $ 0.16 $ 81 $ 0.14 U.K. Newspaper Matters — — 4 0.01 Impairment and restructuring charges 18 0.03 13 0.02 Other, net 18 0.03 13 0.02 Tax impact on items above (6 ) (0.01 ) (15 ) (0.02 ) Impact of noncontrolling interest on items above (1 ) — 2 — As adjusted $ 118 $ 0.21 $ 98 $ 0.17 For the nine months ended March 31, 2026 For the nine months ended March 31, 2025 (in millions, except per share data) Net income attributable to stockholders EPS Net income attributable to stockholders EPS Net income from continuing operations $ 513 $ 562 Less: Net income attributable to noncontrolling interests from continuing operations (119 ) (135 ) Net income attributable to News Corporation stockholders from continuing operations $ 394 $ 0.70 $ 427 $ 0.75 U.K. Newspaper Matters 1 — 10 0.02 Impairment and restructuring charges 67 0.12 51 0.09 Other, net 27 0.05 (101 ) (0.18 ) Tax impact on items above (22 ) (0.04 ) (18 ) (0.03 ) Impact of noncontrolling interest on items above — — 35 0.06 As adjusted $ 467 $ 0.83 $ 404 $ 0.71 NOTE 4 – CONSTANT CURRENCY REVENUES The Company believes that the presentation of revenues excluding the impact of foreign currency fluctuations (“constant currency revenues”) provides useful information regarding the performance of the Company’s core business operations exclusive of distortions between periods caused by the unpredictability and volatility of currency fluctuations. The Company calculates the impact of foreign currency fluctuations for businesses reporting in currencies other than the U.S. dollar as described in Note 2. Constant currency revenues are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for revenues as determined under GAAP as measures of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors. The following tables reconcile reported revenues to constant currency revenues for the three and nine months ended March 31, 2026: Q3 Fiscal 2025 Q3 Fiscal 2026 FX impact Q3 Fiscal 2026 constant currency % Change - reported % Change - constant currency ($ in millions) Better/(Worse) Consolidated results: Circulation and subscription $ 755 $ 809 $ 28 $ 781 7 % 3 % Advertising 308 322 14 308 5 % — % Consumer 492 530 12 518 8 % 5 % Real estate 318 365 24 341 15 % 7 % Other 136 159 10 149 17 % 10 % Total revenues $ 2,009 $ 2,185 $ 88 $ 2,097 9 % 4 % Dow Jones: Circulation and subscription $ 478 $ 511 $ 7 $ 504 7 % 5 % Advertising 86 91 — 91 6 % 6 % Other 11 17 — 17 55 % 55 % Total Dow Jones segment revenues $ 575 $ 619 $ 7 $ 612 8 % 6 % Digital Real Estate Services: Circulation and subscription $ 1 $ 2 $ — $ 2 100 % 100 % Advertising 36 40 1 39 11 % 8 % Real estate 318 365 24 341 15 % 7 % Other 51 66 6 60 29 % 18 % Total Digital Real Estate Services segment revenues $ 406 $ 473 $ 31 $ 442 17 % 9 % REA Group revenues $ 271 $ 325 $ 31 $ 294 20 % 8 % Q3 Fiscal 2025 Q3 Fiscal 2026 FX impact Q3 Fiscal 2026 constant currency % Change - reported % Change - constant currency ($ in millions) Better/(Worse) Book Publishing: Consumer $ 492 $ 530 $ 12 $ 518 8 % 5 % Other 22 25 — 25 14 % 14 % Total Book Publishing segment revenues $ 514 $ 555 $ 12 $ 543 8 % 6 % News Media: Circulation and subscription $ 276 $ 296 $ 21 $ 275 7 % — % Advertising 186 191 13 178 3 % (4 )% Other 52 51 4 47 (2 )% (10 )% Total News Media segment revenues $ 514 $ 538 $ 38 $ 500 5 % (3 )% Q3 YTD Fiscal 2025 Q3 YTD Fiscal 2026 FX impact Q3 YTD Fiscal 2026 constant currency % Change - reported % Change - constant currency ($ in millions) Better/(Worse) Consolidated results: Circulation and subscription $ 2,243 $ 2,383 $ 45 $ 2,338 6 % 4 % Advertising 1,014 1,028 20 1,008 1 % (1 )% Consumer 1,585 1,647 25 1,622 4 % 2 % Real estate 1,052 1,136 19 1,117 8 % 6 % Other 449 497 9 488 11 % 9 % Total revenues $ 6,343 $ 6,691 $ 118 $ 6,573 5 % 4 % Dow Jones: Circulation and subscription $ 1,398 $ 1,499 $ 15 $ 1,484 7 % 6 % Advertising 292 309 — $ 309 6 % 6 % Other 37 45 — $ 45 22 % 22 % Total Dow Jones segment revenues $ 1,727 $ 1,853 $ 15 $ 1,838 7 % 6 % Digital Real Estate Services: Circulation and subscription $ 5 $ 6 $ — $ 6 20 % 20 % Advertising 109 121 1 $ 120 11 % 10 % Real estate 1,052 1,136 19 $ 1,117 8 % 6 % Other 170 200 5 $ 195 18 % 15 % Total Digital Real Estate Services segment revenues $ 1,336 $ 1,463 $ 25 $ 1,438 10 % 8 % REA Group revenues $ 932 $ 1,020 $ 25 $ 995 9 % 7 % Book Publishing: Consumer 1,585 1,647 25 $ 1,622 4 % 2 % Other 70 75 — $ 75 7 % 7 % Total Book Publishing segment revenues $ 1,655 $ 1,722 $ 25 $ 1,697 4 % 3 % News Media: Circulation and subscription $ 840 $ 878 $ 30 $ 848 5 % 1 % Advertising 613 598 19 $ 579 (2 )% (6 )% Other 172 177 4 $ 173 3 % 1 % Total News Media segment revenues $ 1,625 $ 1,653 $ 53 $ 1,600 2 % (2 )%
	Saved 2026-06-12 17:26 2mo ago Published 2026-05-07 16:58 4mo ago	News Corp Revenue Climbs with Growth at Dow Jones, Real Estate Units NWS News Corp	FMP Stock News
Original source text The media company expects record profitability for its full fiscal year.
	Saved 2026-06-12 17:26 2mo ago Published 2026-05-07 17:47 4mo ago	News Corp beats quarterly earnings expectations, driven by Dow Jones, real estate units NWS News Corp	FMP Stock News
Original source text The Post’s parent company News Corp reported better-than-expected quarterly earnings on Thursday, driven by growth in its Dow Jones, digital real estate and book publishing divisions. The New York-based media giant reported $121 million from continuing operations, or 16 cents a share, compared with income of $107 million, or 14 cents, the prior year. Adjusted earnings per share totaled 21 cents. Third-quarter revenue grew 9% to $2.19 billion, compared with $2.01 billion a year ago. That beat Wall Street expectations of 16 cents EPS on $2.11 billion revenue. News Corp reported better-than-expected quarterly earnings, driven by growth in its digital real estate, Dow Jones and book publishing divisions. Getty Images “News Corp has again delivered resounding results this quarter, and we remain on track for another year of record profitability given the strength seen thus far in the fourth quarter,” News Corp CEO Robert Thomson said in a statement. “The third quarter was compelling evidence of the transformation of our business, and demonstrated the robustness of our core growth engines, which we expect will propel us towards a strong fiscal finish,” he added. During the quarter, News Corp’s financial results were driven by an 8% increase in revenue to $619 million at its Dow Jones unit, which publishes The Wall Street Journal and MarketWatch. News Corp saw a 17% increase at its real estate division to $473 million and an 8% jump in book publishing revenue to $555 million. Thomson — who previously blasted AI companies for failing to pay enough for content — trumpeted News Corp’s artificial intelligence partnerships. “Our confidence comes as the world is grappling with the potential impact of AI. We are an AI inputs company and that fact was reflected in our recent deal with Meta, which complements our partnership with OpenAI,” he said. Earlier this year, News Corp. struck a multiyear AI content licensing deal with Meta that will pay News Corp up to $50 million a year. In 2024, News Corp agreed to a landmark content licensing deal with OpenAI. “We are in discussions with other companies who recognize the preciousness of provenance, and these potential deals should have a positive impact on our revenue and profitability,” Thomson said. News Corp CEO Robert Thomson said the company is “on track for another year of record profitability.” Jordan Strauss/Invision/AP He issued a warning to unscrupulous businesses in the digital space. “We are also tracking a number of dodgy digital firms scraping illicitly, illegally our precious content and shamelessly reselling this purloined property,” the exec said. “We have these baleful bad-boy bots in our sights and intend to pursue them vigorously. And we believe companies that willingly buy this stolen content from these nefarious fences are also culpable.”
	Saved 2026-06-12 17:26 2mo ago Published 2026-05-07 22:21 4mo ago	News Corporation (NWSA) Q3 2026 Earnings Call Transcript NWS News Corp	FMP Stock News
Original source text News Corporation (NWSA) Q3 2026 Earnings Call Transcript
	Saved 2026-06-12 17:26 2mo ago Published 2026-05-08 16:08 4mo ago	News Q3 Earnings Call Highlights NWS News Corp	FMP Stock News
Original source text 2 hours ago CocaCola (NYSE:KO) EVP Jennifer Mann Sells 23,984 SharesCocaCola Company (The) (NYSE:KO - Get Free Report) EVP Jennifer Mann sold 23,984 shares of the firm's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $83.41, for a total value of $2,000,505.44. Following the completion of the transaction, the executive vice president owned 157,400 shares of the company's stock, valued at approximately $13,128,734. The trade was a 13.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. NYSE:KO Read CocaCola (NYSE:KO) EVP Jennifer Mann Sells 23,984 Shares 2 hours ago Dutch Bros (NYSE:BROS) Major Shareholder Sells $15,759,829.98 in StockMarketBeat Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 261,054 shares of the company's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $60.37, for a total transaction of $15,759,829.98. Following the completion of the sale, the insider owned 2,671,855 shares in the company, valued at $161,299,886.35. This represents a 8.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC. NYSE:BROS Read Dutch Bros (NYSE:BROS) Major Shareholder Sells $15,759,829.98 in Stock 2 hours ago Insider Selling: Dutch Bros (NYSE:BROS) Major Shareholder Sells 261,055 Shares of StockMarketBeat Dutch Bros Inc. (NYSE:BROS - Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the transaction, the insider owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC. NYSE:BROS Read Insider Selling: Dutch Bros (NYSE:BROS) Major Shareholder Sells 261,055 Shares of Stock 2 hours ago Travis Boersma Sells 749,999 Shares of Dutch Bros (NYSE:BROS) StockMarketBeat Dutch Bros Inc. (NYSE:BROS - Get Free Report) Chairman Travis Boersma sold 749,999 shares of Dutch Bros stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $60.39, for a total transaction of $45,292,439.61. Following the completion of the sale, the chairman owned 2,671,855 shares of the company's stock, valued at $161,353,323.45. This represents a 21.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. NYSE:BROS Read Travis Boersma Sells 749,999 Shares of Dutch Bros (NYSE:BROS) Stock 2 hours ago Insider Selling: Dutch Bros (NYSE:BROS) Chairman Sells 750,000 Shares of StockMarketBeat Dutch Bros Inc. (NYSE:BROS - Get Free Report) Chairman Travis Boersma sold 750,000 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $47,265,000.00. Following the sale, the chairman owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 23.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. NYSE:BROS Read Insider Selling: Dutch Bros (NYSE:BROS) Chairman Sells 750,000 Shares of Stock Sort By Time Frame Alert Type Keywords Page 1 of 324
	Saved 2026-06-12 17:26 2mo ago Published 2026-05-13 06:00 3mo ago	U.S. Rents Fall for 33rd Straight Month as Surge in New Multi-family Construction Points to Continued Renter Relief NWS News Corp	FMP Stock News
Original source text The Northeast is showing the strongest construction momentum, while the West is falling behind its own historical norms , /PRNewswire/ -- The U.S. rental market continues to favor renters, and a new wave of supply may keep it that way. According to the Realtor.com® April Rental Report, the national median asking monthly rent across the 50 largest metropolitan areas fell to $1,673 in April 2026, down $29, or 1.7%, year-over-year, marking the 33rd consecutive month of annual declines for 0-2 bedroom properties. At the same time, the robustness of new multi-family construction signals that rental supply relief could continue into the next several years. While the national median remains $254 (17.9%) above pre-pandemic levels recorded in April 2019, it has fallen $92 (-5.2%) from its August 2022 peak. The multi-family construction pipeline, though pulling back from its historic peak, remains 11.4% above pre-pandemic norms, and a fresh surge in new groundbreakings suggests the downward pressure on rents is not over. "Many renters have experienced meaningful relief over the past nearly three years, and although completions have slowed, forward-looking indicators are renter friendly," said Danielle Hale, chief economist at Realtor.com®. "New multi-family groundbreakings jumped nearly 20% in the first quarter of 2026, and units that break ground today typically reach the market within 12 to 24 months — so the pipeline points to continued downward pressure on rents well into 2027." The National Multi-Family Pipeline Remains Strong The national multi-family construction pipeline remains well above historical norms, even as it pulls back from its peak. The number of multi-family constructions currently being built averaged 684,000 units on a seasonally adjusted annual rate in 2026Q1, down from a peak of 971,000 in 2024Q1, but still 11.4% above the pre-pandemic average of 614,000. New construction activity picked up sharply in early 2026, with the rate of new multi-family groundbreakings jumping nearly 20% compared to a year ago and running 21.3% above pre-pandemic levels. While the annual completion rate of 470,000 trail behind a year ago, it is still 23% above the pre-pandemic norm. If that pace holds, the total U.S. rental housing stock is on track to grow to over 50.5 million units by 2027Q1, a level 8.5% higher than before the pandemic. Rising Multi-Family Starts Signal a New Wave of Rental Supply on the Horizon 2026Q1 2025Q1 Avg. Q1 of 2017- 2019 %Change vs. 2025Q1 % Change vs. pre- pandemic Under Construction 684,000 765,000 614,000 -10.6 % 11.4 % Starts 462,000 386,000 381,000 19.7 % 21.3 % Completions 470,000 570,000 382,000 -17.5 % 23.0 % More Multi-Family Units Are Coming, But Not Everywhere Equally The regional picture, however, is uneven. The Northeast saw new multi-family groundbreakings nearly double year-over-year in 2026Q1, and the number of newly completed multi-family units jumped 42.1%, the strongest growth of any region. That supply is already showing up in rent data: Boston, Mass. fell 2.9% and Philadelphia, Pa. fell 1.5% year-over-year in April. New York, N.Y. remains an exception, with rents still edging up 1.1% amid persistently tight conditions. The West tells a more cautionary tale. New groundbreakings there fell to their lowest first-quarter level since at least 2017, and the number of newly completed multi-family units dropped 37.9% year-over-year, the only region where completions have fallen below pre-pandemic norms. Renters in Los Angeles, Calif. (-1.7%), Denver, Colo. (-3.4%), and Phoenix, Ariz. (-4.2%) are still seeing some relief today, but the slowdown in construction raises the risk that the trend reverses in the years ahead. "The story isn't the same in every region, and that matters for where renters will feel relief next," said Jiayi Xu, economist at Realtor.com®. "The Northeast is already seeing new multi-family units come online and rents respond in some large markets. The West is telling a very different story. Renters there who are benefiting from lower rents today may find that window closing as fewer new multi-family units enter the market." Northeast Sees the Highest YOY Growth in Starts and Completions 2026Q1 2025Q1 Avg. Q1 of 2017- 2019 %Change vs. 2025Q1 % Change vs. pre- pandemic Northeast Under Construction 144,000 155,000 132,000 -7.1 % 9.1 % Northeast Starts 105,000 58,000 52,000 81.0 % 101.9 % Northeast Completions 108,000 76,000 60,000 42.1 % 80.0 % South Under Construction 279,000 314,000 227,000 -11.1 % 22.9 % South Starts 230,000 164,000 180,000 40.2 % 27.8 % South Completions 199,000 269,000 172,000 -26.0 % 15.7 % Midwest Under Construction 87,000 92,000 72,000 -5.4 % 20.8 % Midwest Starts 49,000 56,000 35,000 -12.5 % 40.0 % Midwest Completions 63,000 64,000 41,000 -1.6 % 53.7 % West Under Construction 174,000 204,000 182,000 -14.7 % -4.4 % West Starts 77,000 107,000 114,000 -28.0 % -32.5 % West Completions 100,000 161,000 109,000 -37.9 % -8.3 % Looking ahead, rental stock growth is expected to be strongest in the Northeast (+1.1%) by 2027Q1, followed by the South (+0.9%), and the Midwest and West (both +0.7%). "As we move into the spring and summer leasing seasons, we expect the median asking rent to tick up modestly on a monthly basis, which is the typical seasonal pattern," said Xu. "But given the sustained level of multi-family construction relative to pre-pandemic norms, year-over-year declines are likely to continue through 2026. Modest rent relief is still the story for most renters." Rental Data – 50 Largest Metropolitan Areas – April 2026 Market Median Asking Rent (0-2 Bedrooms) YOY Changes Atlanta-Sandy Springs-Roswell, Ga. 1,549 -3.4 % Austin-Round Rock-San Marcos, Texas 1,362 -5.3 % Baltimore-Columbia-Towson, Md. 1,806 -0.7 % Birmingham, Ala. 1,181 -1.2 % Boston-Cambridge-Newton, Mass.-N.H. 2,921 -2.9 % Buffalo-Cheektowaga, N.Y. NA NA Charlotte-Concord-Gastonia, N.C-S.C. 1,490 -2.6 % Chicago-Naperville-Elgin, Ill.-Ind. 1,797 -0.3 % Cincinnati, Ohio-Ky.-Ind. 1,324 0.8 % Cleveland, Ohio 1,192 -0.7 % Columbus, Ohio 1,174 -1.2 % Dallas-Fort Worth-Arlington, Texas 1,461 -3.2 % Denver-Aurora-Centennial, Colo. 1,749 -3.4 % Detroit-Warren-Dearborn, Mich. 1,246 -3.7 % Hartford-West Hartford-East Hartford, Conn. NA NA Houston-Pasadena-The Woodlands, Texas 1,382 -2.5 % Indianapolis-Carmel-Greenwood, Ind. 1,260 -1.8 % Jacksonville, Fla. 1,476 -2.8 % Kansas City, Mo.-Kan. 1,430 4.7 % Las Vegas-Henderson-North Las Vegas, Nev. 1,430 -2.7 % Los Angeles-Long Beach-Anaheim, Calif. 2,760 -1.7 % Louisville/Jefferson County, Ky.-Ind. 1,215 -1.5 % Memphis, Tenn.-Miss.-Ark. 1,103 -4.7 % Miami-Fort Lauderdale-West Palm Beach, Fla. 2,273 -2.1 % Milwaukee-Waukesha, Wis. 1,617 -0.3 % Minneapolis-St. Paul-Bloomington, Minn.-Wis. 1,494 -0.5 % Nashville-Davidson--Murfreesboro--Franklin, Tenn. 1,474 -4.8 % New Orleans-Metairie, La. NA NA New York-Newark-Jersey City, N.Y.-N.J. 2,920 1.1 % Oklahoma City, Okla. 911 -5.0 % Orlando-Kissimmee-Sanford, Fla. 1,663 -2.6 % Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. 1,740 -1.5 % Phoenix-Mesa-Chandler, Ariz. 1,441 -4.2 % Pittsburgh, Pa. 1,463 3.0 % Portland-Vancouver-Hillsboro, Ore.-Wash. 1,592 -1.7 % Providence-Warwick, R.I.-Mass. NA NA Raleigh-Cary, N.C. 1,433 -2.1 % Richmond, Va. 1,531 0.5 % Riverside-San Bernardino-Ontario, Calif. 2,051 -3.5 % Rochester, N.Y. NA NA Sacramento-Roseville-Folsom, Calif. 1,823 -1.5 % St. Louis, Mo.-Ill. 1,286 -0.8 % San Antonio-New Braunfels, Texas 1,156 -4.7 % San Diego-Chula Vista-Carlsbad, Calif. 2,669 -3.0 % San Francisco-Oakland-Fremont, Calif. 2,698 -2.0 % San Jose-Sunnyvale-Santa Clara, Calif. 3,306 1.3 % Seattle-Tacoma-Bellevue, Wash. 1,851 -1.7 % Tampa-St. Petersburg-Clearwater, Fla. 1,653 -4.3 % Virginia Beach-Chesapeake-Norfolk, Va.-N.C. 1,564 2.4 % Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va. 2,280 -1.8 % Methodology Rental data as of April 2026 for studio, 1-bedroom, or 2-bedroom units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within the 50 largest metropolitan areas. Realtor.com® began publishing regular monthly rental trends reports in October 2020 with data history stretching to March 2019. About Realtor.com® Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media contact: Emily Do, [email protected] SOURCE Realtor.com
	Saved 2026-06-12 17:26 2mo ago Published 2026-05-14 06:00 3mo ago	New Homes Save Buyers $25,000 Over Ten Years, Offsetting Higher Upfront Costs NWS News Corp	FMP Stock News
Original source text New England leads the country in new construction savings; in 16 metros, a decade of lower bills and repair costs more than covers the new construction price premium , /PRNewswire/ -- Realtor.com® today released new research showing that buyers of newly built homes save an average of $25,335 over the first ten years of ownership compared to buyers of 20-year-old homes. The savings are driven by lower energy bills and fewer major repairs. The findings reveal a wide geographic divide, with New England states offering the greatest advantage and Southern states the least, and identify 16 metros where a decade of savings from new construction fully erases the price gap with existing homes. New construction savings come in two forms: lower utility costs from more energy-efficient construction, and delayed replacement of major systems like HVAC, roofs, and water heaters. The analysis draws on data from Pearl, whose Pearl SCORE® rates every single-family home in the country across five performance pillars — Safety, Comfort, Operations, Resilience, and Energy. The analysis finds these benefits vary dramatically depending on where a home is located, how cold the winters are, and how stringent local building codes are. To help buyers see these savings in action, Realtor.com is introducing interactive total cost of ownership content through a dedicated cost of ownership hub and experience on new construction listings, showing personalized ten-year savings estimates on utilities, roof replacement, HVAC, and water heater costs compared to a comparable resale home, giving buyers a clearer picture of the true cost of ownership before they contact a builder. "Homeownership is not a one-time expense, and the ongoing costs of owning a home are where new construction really shines," said Joel Berner, senior economist at Realtor.com®. "Buyers who focus only on the listing price are missing a significant part of the financial picture." The geographic pattern is stark. New England leads the country in new construction savings, with Massachusetts topping the list at $38,927 over ten years. Stricter building codes and harsher winters amplify the efficiency advantages of newer homes in these states. The South, despite being the most active new construction market in the country, sees smaller savings. Less demanding codes and milder climates mean the energy performance gap between new and existing homes is narrower there. Top States for New Construction Savings State 10-Year Total New Construction Savings New Construction Premium Massachusetts $38,927 46.7 % New Hampshire $35,885 45.5 % Maine $34,763 48.3 % Rhode Island $34,641 46.6 % Vermont $33,998 25.9 % In 16 of the 300 largest metropolitan areas, the ten-year savings from buying new fully cover the price premium over existing homes. These markets span a wide range of price points and are concentrated in the South and West, where new construction premiums are modest enough to fall within reach of long-run savings. Madison, WI and Bloomington, IN are the only Midwestern markets on the list. Metros Where 10-Year New Construction Savings Exceed the Price Premium Metro New Construction Median Listing Price Existing Home Median Listing Price 10-Year Total New Construction Savings San Diego-Chula Vista-Carlsbad, CA $1,226,693 $1,210,500 $29,243 St. George, UT $684,447 $683,984 $27,670 Salt Lake City-Murray, UT $652,982 $637,650 $27,670 Seaford, DE $580,619 $567,742 $22,075 Salem, OR $545,333 $517,467 $31,404 Madison, WI $534,284 $527,358 $25,983 Kennewick-Richland, WA $528,807 $516,383 $21,187 Billings, MT $525,477 $504,142 $28,520 Merced, CA $455,719 $429,644 $29,243 Jacksonville, FL $415,901 $411,583 $16,644 Bloomington, IN $402,325 $390,692 $28,836 Greenville-Anderson-Greer, SC $391,793 $390,098 $16,163 San Antonio-New Braunfels, TX $339,642 $329,083 $18,227 Hattiesburg, MS $317,817 $302,683 $25,997 Spartanburg, SC $315,248 $314,967 $16,163 Abilene, TX $310,873 $298,933 $18,227 "These savings estimates are actually conservative," said Berner. "Builder warranties frequently cover HVAC repairs in the early years, meaning new construction buyers often pay nothing out of pocket. And when you factor in the mortgage rate buydowns builders have been offering, which can translate to roughly $30,000 in savings over ten years, the total financial advantage of buying new becomes even more substantial." The report also notes that builders have been more willing than existing home sellers to negotiate on price, giving buyers additional room to improve the long-run economics of a new construction purchase. Methodology Listing price data come from listings on Realtor.com® in the first quarter of 2026. Utility savings data come from estimates modeled by Pearl, through their Pearl SCORE®. Energy costs are generated by multiplying consumption by retail gas and electric prices, averaged at the state level. An escalation factor sourced from EIA is applied to the state-level costs to generate cumulative savings over time. Replacement and maintenance cost data come from estimates modeled by Pearl with these three components: lifespan and degradation, replacement cost, and maintenance cost. Each component is estimated at the zip code level and aggregated to the state level. National estimates are a weighted average of state estimates based on the number of single family homes. Degree-day estimates are sourced from EIA and totaled by adding heating degree days to cooling degree days. About Pearl Pearl is a ratings and standards company building the national standard for home performance. Pearl SCORE® rates every single-family home in the U.S. on a 1-to-1,000 scale across five pillars — Safety, Comfort, Operations, Resilience, and Energy — so buyers, sellers, and real estate professionals can understand how a home performs in daily life. Learn more at PearlScore.com. About Realtor.com® Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media Contact: Mallory Micetich, [email protected] SOURCE Realtor.com
	Saved 2026-06-12 17:26 2mo ago Published 2026-05-19 06:00 3mo ago	A Shifting Housing Market Drives Down Payments to Four-Year Low NWS News Corp	FMP Stock News
Original source text After years of post-pandemic highs, the era of outsized down payments is beginning to unwind AUSTIN, Texas, May 19, 2026 /PRNewswire/ -- The typical down payment fell to $23,400 in the first quarter of 2026, the lowest level since 2021, according to the latest Realtor.com ® Down Payment Report. That represents a 19% decline year-over-year and the fourth consecutive quarterly drop, as rising inventory and moderating prices give buyers more negotiating room and reduce the pressure to lead with an outsized down payment.
	Saved 2026-06-12 17:26 2mo ago Published 2026-05-21 06:00 3mo ago	Spring Contract Signings Hit a Four-Year High As Sellers Get Real on Price, New Realtor.com® Report NWS News Corp	FMP Stock News
Original source text Contract Signings Are Up 4.5% As the Spring Housing Market Becomes More Active Than Any Point Since Rates Surged In 2022 , /PRNewswire/ -- Today, Realtor.com® released its Spring 2026 Housing Market Progress Report, which finds that new listings and contract signings have each reached their highest levels since 2022, with contract signings up 4.5% year-over-year in April — the strongest reading in three years — as sellers who priced their homes competitively from the start found buyers willing to act. This new report shows the housing market is more dynamic through the first four months of 2026 than at any point since mortgage rates first surged in 2022. "For the first time in three years, we're seeing contract signing growth that genuinely outpaces the trend of the recent past," said Jake Krimmel, senior economist at Realtor.com®. "Buyers have been sidelined but they haven't disappeared – they've simply been waiting for the right conditions. In the metros where sellers have come to market with realistic prices, buyers are showing up. That supply-demand-price alignment is what separates a dynamic market from a stagnant one, and we're beginning to see it take hold in a meaningful way." New listings and contract signings each represent one side of a functioning housing market: sellers coming to market and buyers responding by going under contract. This report tracks both flows and finds that where sellers have priced their homes realistically, buyers are showing up — a pattern that separates moving markets from stagnant ones in 2026. Rather than relying on a single month's snapshot, the report tracks the full arc of 2026 year-to-date — January through April — at the national, regional, and local level across the top 50 metros. New Listings, Apr '26 YoY Growth New Listings YTD Total vs. 2025 Contract Signings Apr '26 YoY Growth Contract Signings YTD Total vs. 2025 Med. PPSF, Apr '26 YoY Growth Price Reductions, Apr. '26 Y-Y USA 1.1 1.4 4.5 2.9 -2.4 -1.3 Northeast 9.4 1.0 5.1 -1.6 -0.3 0.4 Midwest 6.6 4.3 3.7 2.7 1.3 0.6 South 0.6 1.5 5.0 3.5 -3.4 -1.8 West -3.5 0.9 4.0 3.9 -1.7 -1.1 Spring 2026: A Market Starting to Move The two metrics that define a functioning spring market, new listings and contract signings, are each at their highest levels since 2022, and for the first time in three years, both are moving in the right direction at the same time. Through April, new listings are up 1.4% year-over-year and 22% above the 2023 trough. Contract signings, which had been stuck 20 to 25 percentage points below 2022 levels from 2023 through 2025, rose 4.5% year-over-year in April, accelerating from 2.9% in March. That acceleration matters beyond the headline number. Year-to-date contract signings are up 2.9% versus 2025 and 4.1% above their 2023 low, and growth in signings is now outpacing growth in new listings — narrowing the gap between supply recovery and demand recovery that has defined the past three springs. With homes that go under contract typically closing within four to six weeks, that demand signal is on track to show up in closed sales data by June, the clearest evidence yet that the 2026 housing market is starting to move. Where Are Markets Actually Moving? Across the top 50 metros, 34 have seen more contract signings year-to-date in 2026 than over the same period in 2025, and 31 have seen more new listings. The trends are widespread, but the strength varies considerably by market. Twenty-one metros have seen both new listings and contract signings rise year-over-year — markets genuinely delivering on the spring promise. The Midwest dominates this group, with Kansas City (+12.5% listings, +20.7% contract signings), Louisville (+13.6%, +18.9%), Indianapolis (+14.7%, +6.6%), Columbus (+8.0%, +7.9%), and Cincinnati (+10.8%, +4.7%) all showing strong two-sided momentum. A more surprising cluster of markets is seeing contract signings rise despite fewer new listings than last year. Phoenix (-0.4% listings, +8.1% signings), Austin (-3.5%, +7.6%), and Jacksonville (-9.5%, +5.2%) all fit this profile. These markets have undergone significant price corrections over the past two years, and buyers are responding even where new supply has not surged. Not all markets have found this footing. Las Vegas (-0.8% listings, -8.4% signings) and Tampa (-12.2%, -3.1%) show stagnation driven by weak demand, with days-on-market climbing by more than a week year-over-year. Hartford (-13.1%, -9.2%) and Providence (-8.0%, -5.6%), by contrast, are constrained by limited supply, with inventories still well below pre-pandemic norms and time on market actually falling compared to last year. What the Market Clock Tells Us The pattern of which markets are most and least active is not random. At the start of 2026, the Realtor.com® Market Clock placed 8 of the top 50 metros in buyer's market territory, with nearly all of them in the South — and so far this year, almost all of those markets have seen fewer new listings than last year. Sellers in buyer's markets know the conditions are not in their favor, and many are choosing to wait. But two of those buyer's markets — Jacksonville and Austin — tell a different story. Both have seen significant contract signing gains (+5.2% and +7.6% year-to-date, respectively) despite falling new listings. Sellers who have come to market in those metros have dropped their initial list prices aggressively enough to bring buyers off the sidelines. The price corrections that pushed Jacksonville and Austin into buyer's market territory are now doing the work of unlocking demand — without any surge in new supply. The picture looks different on the seller's market side. Of the 13 seller's markets identified by the Market Clock at the start of the year, some — like Kansas City (+20.7% contract signings) and Columbus (+7.9%) — are among the most active markets in the country, with both new listings and signings rising. Others, like Providence and Hartford, look stagnant despite their seller-friendly designation. Pricing Realism: The Key Differentiator Seller pricing behavior is one of the most consequential variables in determining whether a local market moves or stagnates. Nationally, the median list price per square foot is down 2.4% year-over-year in April — and yet the share of listings with price cuts has also declined, by 1.25 percentage points. This pattern is consistent with sellers pricing more realistically from the outset, reducing the need for subsequent reductions. This dynamic is most visible in Southern metros that have absorbed significant price corrections over the past two years. Austin has seen asking prices per square foot fall 7.7% year-over-year — the steepest decline among the top 50 metros — yet its price-cut share is down 2.3 percentage points. Jacksonville, where prices are down 2.4%, has seen price cuts fall by 5 percentage points. Dallas, San Antonio, Miami, and Tampa follow the same pattern. Critically, many of these same markets are among those where contract signings are rising even without a surge in new supply, reinforcing the conclusion that pricing realism does work that new supply alone cannot. A functioning spring market requires not just willing buyers and motivated sellers, but a shared and realistic understanding of what homes are worth. "May and June will be decisive," said Krimmel. "If some resolution to Middle East uncertainty stabilizes mortgage rates and restores consumer confidence, the housing market may finally break out of the lower equilibrium it has occupied since 2022. If macro headwinds intensify — through rising rates, reaccelerating inflation, or a deterioration in confidence — the market could face the same fate as 2025, when tariff-related uncertainty stalled what had been a promising early spring." New Listings, Apr '26 YoY Growth New Listings YTD Total vs. 2025 Contract Signings Apr '26 YoY Growth Contract Signings YTD Total vs. 2025 Med. PPSF, Apr '26 YoY Growth Price Reductions, Apr. '26 Y-Y Atlanta-Sandy Springs-Roswell, GA -4.1 -3.7 1.9 0.9 -0.2 -1.4 Austin-Round Rock-San Marcos, TX -13.5 -3.5 8.0 7.6 -7.7 -2.3 Baltimore-Columbia-Towson, MD 3.6 3.1 -3.9 -0.2 -0.8 1.5 Birmingham, AL 2.5 8.0 1.5 3.5 0.8 0.2 Boston-Cambridge-Newton, MA-NH -3.8 -1.1 9.3 5.6 0.3 -0.1 Buffalo-Cheektowaga, NY -0.4 6.2 2.4 -3.2 0.4 -1.1 Charlotte-Concord-Gastonia, NC-SC 6.2 10.0 9.1 5.1 -1.8 -0.1 Chicago-Naperville-Elgin, IL-IN -5.2 -3.2 -1.1 1.4 0.9 -0.4 Cincinnati, OH-KY-IN 13.7 10.8 8.0 4.7 -0.3 1.7 Cleveland, OH 7.8 4.0 2.1 -1.6 1.9 0.4 Columbus, OH 18.0 8.0 11.5 7.9 -1.5 -1.6 Dallas-Fort Worth-Arlington, TX -5.9 -3.4 0.6 1.8 -1.8 -3.7 Denver-Aurora-Centennial, CO -12.6 -2.4 0.6 3.1 -3.2 -2.8 Detroit-Warren-Dearborn, MI 6.7 6.0 1.9 0.3 0.5 0.9 Hartford-West Hartford-East Hartford, CT -4.2 -13.1 -3.6 -9.2 -1.4 -0.4 Houston-Pasadena-The Woodlands, TX -3.5 0.8 -0.2 2.2 -2.3 -1.0 Indianapolis-Carmel-Greenwood, IN 21.1 14.7 14.4 6.6 5.4 0.1 Jacksonville, FL -8.1 -9.5 1.8 5.2 -2.4 -5.1 Kansas City, MO-KS -2.5 12.5 18.9 20.7 0.3 -1.5 Las Vegas-Henderson-North Las Vegas, NV -8.8 -0.8 -10.0 -7.4 -2.2 0.3 Los Angeles-Long Beach-Anaheim, CA -3.3 -2.2 3.6 0.1 -3.3 -1.2 Louisville/Jefferson County, KY-IN 19.2 13.6 16.1 18.9 0.8 3.0 Memphis, TN-MS-AR 9.9 10.7 1.1 -0.6 -5.8 1.6 Miami-Fort Lauderdale-West Palm Beach, FL -7.2 -8.7 7.9 -1.0 -1.6 -4.4 Milwaukee-Waukesha, WI 14.3 17.1 6.0 2.7 3.4 0.7 Minneapolis-St. Paul-Bloomington, MN-WI 10.7 5.4 8.9 0.2 -0.9 1.6 Nashville-Davidson--Murfreesboro--Franklin, TN 7.3 9.9 12.1 -2.8 -1.2 -0.1 New York-Newark-Jersey City, NY-NJ 11.4 0.6 -14.8 -23.1 -1.3 0.6 Oklahoma City, OK 6.5 5.6 1.3 3.9 -0.7 0.7 Orlando-Kissimmee-Sanford, FL -9.0 -6.1 -0.2 -0.7 -3.3 -2.6 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 9.9 3.4 1.6 -2.5 0.0 0.5 Phoenix-Mesa-Chandler, AZ -4.9 -0.4 4.8 8.1 -1.7 -2.2 Pittsburgh, PA 10.5 0.7 4.7 -2.3 2.7 -1.1 Portland-Vancouver-Hillsboro, OR-WA -6.1 5.0 7.8 7.4 -2.7 0.7 Providence-Warwick, RI-MA 3.8 -8.0 2.9 -5.6 7.5 -0.1 Raleigh-Cary, NC 3.6 0.8 5.6 5.0 -2.0 -1.1 Richmond, VA 6.3 8.7 5.5 6.9 2.2 0.6 Riverside-San Bernardino-Ontario, CA -5.6 -2.6 2.0 0.6 -2.3 -2.4 Sacramento-Roseville-Folsom, CA -5.7 0.4 5.4 5.2 -0.2 -1.3 St. Louis, MO-IL 4.6 3.8 -1.9 -0.8 1.1 0.4 Salt Lake City-Murray, UT 2.5 6.9 1.5 5.6 -0.1 -3.1 San Antonio-New Braunfels, TX 7.3 4.1 8.5 4.1 -5.8 -0.7 San Diego-Chula Vista-Carlsbad, CA -5.5 -3.5 6.7 3.5 -4.1 -2.9 San Francisco-Oakland-Fremont, CA -1.5 -4.3 9.2 1.8 -3.0 -2.0 San Jose-Sunnyvale-Santa Clara, CA 0.9 6.0 10.1 3.8 -2.5 1.1 Seattle-Tacoma-Bellevue, WA 2.4 5.5 -0.1 -1.5 -3.0 1.8 Tampa-St. Petersburg-Clearwater, FL -15.7 -12.2 0.9 -3.1 -2.8 -4.2 Tucson, AZ -13.9 -5.6 2.3 0.1 -2.0 -0.1 Virginia Beach-Chesapeake-Norfolk, VA-NC 23.8 9.6 5.2 5.6 2.2 -0.4 Washington-Arlington-Alexandria, DC-VA-MD-WV 4.9 6.5 8.1 7.8 -3.6 -0.9 Methodology Realtor.com housing data as of April 2026. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com. New construction is excluded unless listed on an MLS that provides listing data to Realtor.com. Realtor.com data history goes back to July 2016. The 50 largest U.S. metropolitan areas as defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts. New Listings represent the count of residential properties that were listed for sale for the first time in a given month. Contract Signings represent the flow of homes entering pending status in a given month (i.e. homes that went under contract for the first time in that period). This is a flow measure, not a stock measure. This distinguishes it from the stock of pending listings, which measures the total number of homes under contract at a given point in time regardless of when they entered that status. Year-to-date (YTD) through April totals are calculated by summing monthly values for January through April of the relevant year. YTD growth rates compare the January-April sum in 2026 to the same four-month sum in the comparison year. For example, a YTD growth rate vs. 2025 reflects the percentage change in total activity over the first four months of 2026 relative to the first four months of 2025. About Realtor.com® Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. Media Contact: Mallory Micetich, [email protected] SOURCE Realtor.com
	Saved 2026-06-12 17:26 2mo ago Published 2026-06-11 06:00 3mo ago	By Week Four, Your Listing Is Either Getting Offers or Price Cuts NWS News Corp	FMP Stock News
Original source text How Timing and Pricing Shape Your Home's Final Sale Price, according to a New Realtor.com ® Report AUSTIN, Texas, June 11, 2026 /PRNewswire/ -- The bidding war era is over. A new report from Realtor.com ® shows the average home is now selling below its asking price, a sharp U-turn from the pandemic frenzy of 2021 and 2022.

Original source text

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Original source text

New Realtor.com report finds a K-shaped market in which financially secure luxury buyers remain engaged while price-sensitive shoppers retreat

, /PRNewswire/ -- The share of online home-shopping traffic going to homes priced below $370,000 has fallen 11.4 percentage points since 2021, to 42.8% in 2026, according to a new Realtor.com® report. That decline has brought buyer interest almost in line with the 42.2% share of listings in that price range, creating the appearance of a more balanced housing market, but largely because many price-sensitive shoppers have been priced out and have stopped searching.

Today's market is splitting along financial lines. At the entry level, both the supply share and shopper engagement have contracted. At the upper end, inventory and buyer engagement have remained resilient, supported by buyers with stronger purchasing power. The result is a K-shaped housing market: one path for well-capitalized buyers who remain active, and another for households increasingly sidelined by affordability constraints.

"The market is more balanced on the surface, but that balance is not the same as broad-based health," said Jiayi Xu, senior economist at Realtor.com®. "The narrowing gap between listing share and view share at lower price points is being driven in large part by the retreat of price-sensitive shoppers, not by a meaningful restoration of their buying power."

A smaller price gap signals seller adjustment but not equal access

The difference between the median list price and the median price of homes shoppers view is a useful proxy for the mismatch between what is available and what buyers want. That gap has narrowed and stabilized since late 2025 as sellers adjusted expectations upfront. In July 2026, the national median list price was $428,950, down 2.4% from $439,450 a year earlier, while the median price across views held steady at $425,000 in both July 2025 and July 2026.

This alignment reflects a market in which sellers are pricing more realistically and the buyers who remain are more financially qualified. But the aggregate picture obscures a substantial shift in who is participating across price tiers.

Inventory has shifted upmarket as entry-level demand exits

Between 2021 and 2026, the number of homes for sale more than doubled, with growth disproportionately concentrated in mid- to upper-tier listings. On an average monthly basis, homes priced below $370,000 accounted for 50.0% of listings in 2021; by 2026, their share had declined to 42.2%.

Buyer attention shifted even more sharply. In 2021, homes below $370,000 drew 54.2% of listing views, four percentage points above their share of listings, signaling demand that outstripped supply. In 2026, their view share was 42.8%, only 0.6 percentage points above their listing share.

"In a typical supply-constrained entry-level market, fewer homes for sale would intensify competition for each listing," Xu said. "Instead, engagement with lower-priced homes has fallen to its lowest level since 2019. The data suggest that many households who would once have competed for these homes are no longer actively shopping at all."

Entry-level engagement falls below pre-pandemic levels while luxury demand holds

Views per listed property, a measure of shopper engagement and competition relative to available supply, dropped most sharply in the entry-level range and now sit below 2019 levels. The decline signals that lower-priced inventory is attracting less attention even as its share of the market has shrunk.

The upper end tells a different story. Although views per property for high-tier homes are lower in 2026 than they were during the unusually competitive 2020–2025 period, they remain in line with 2019 levels despite an expansion of higher-tier inventory. The contrast underscores the growing role of buyer financial capacity in determining who can remain active in today's market.

How the market has changed since the 2022 analysis

This analysis updates the findings in Realtor.com®'s 2022 market mismatch report, which found that the median price of homes shoppers viewed averaged $30,000 below the median listing price from January through October 2022. The 2022 report also found that entry-level demand far exceeded available supply: homes priced from $90,000 to $310,000 generated a view share 1.2 times their listing share.

Today, the headline mismatch has narrowed, the new data point to a more concerning form of alignment: entry-level shopper demand has contracted alongside the share of lower-priced inventory, while better-capitalized buyers continue to sustain activity at the top of the market. The change is not a return to a broadly accessible market; it is a more stratified one. In fact, an earlier look at housing supply alignment to market-wide measures of incomes conducted by Realtor.com and the National Association of Realtors confirms that an effective housing shortage remains, concentrated among lower-priced homes for sale.

Methodology

This analysis examines active residential listings and online shopper views for properties listed on Realtor.com® from January 2019 through July 2026. Data are segmented into $20,000 price tiers. Annual figures are calculated as the average of monthly data from January through July of each year, ensuring consistent seasonal comparison windows.

About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media Contact: Mallory Micetich, [email protected]

SOURCE Realtor.com

Original source text

Median asking rent in the largest 50 metros falls for the 36th consecutive month; falling starter-home prices and wage gains improve buying conditions in seven markets

, /PRNewswire/ -- Renting a starter home remains less expensive than buying in all 50 of the nation's largest metropolitan areas, according to the Realtor.com® July 2026 Rent Report. However, home price, rent trends, and wage growth in seven markets suggest a buying opportunity may be near, even as the Realtor.com® Market Clock® is signaling buyer friendly or buyer-leaning conditions in these areas. As the advantages of renting have narrowed over the past year as starter-home costs declined more quickly than rents, creating a more favorable backdrop for prospective buyers in select markets.

The national median asking rent for 0-2 bedroom properties across the 50 largest metros was $1,695 in July, down $24, or 1.4%, from a year earlier. The decline marks the 36th consecutive month of annual rent decreases. Although median rent across all unit sizes remains $225, or 15.3%, above July 2019 levels, it is $69, or 3.9%, below its August 2022 peak.

"Renters have gained meaningful financial breathing room over the last three years, and that advantage is still real in many major metros," said Jiayi Xu, senior economist at Realtor.com®. "But the savings gap is no longer moving in just one direction. Starter-home prices are falling faster than rents in many places, giving households who are ready to buy a stronger reason to stay engaged with the market."

Rent declines extend across every unit size
In July 2026, the median asking rent for two-bedroom units dropped 1.4% year over year, marking the 38th consecutive month of annual declines. At $1,893, the national median for two-bedroom units now sits $75 (-3.8%) below its July 2022 peak. Despite this broad-based softening, rents remain above pre-pandemic levels. Two-bedroom rents are 17.5% higher than in July 2019, one-bedroom rents are 14.6% higher and studio rents are 13.7% higher.

Unit Size

Median Rent

Rent YoY

Consecutive
Months of
Decline

Total Decline
from Peak

Rent Change -
7 Years

Overall

$1,695

-1.4 %

36

-3.9 %

15.3 %

Studio

$1,435

-1.4 %

35

-3.4 %

13.7 %

1-Bedroom

$1,581

-1.3 %

38

-4.8 %

14.6 %

2-Bedroom

$1,893

-1.4 %

38

-3.8 %

17.5 %

Renting still delivers significant monthly savings
Across the 50 largest metros, the monthly cost of buying a starter home was $2,553 in July. However, home price, rent trends, and wage growth in a few key markets suggest a buying opportunity may be nearer. The national rent advantage narrowed by $65 from a year ago, when buying cost $923 more per month than renting vs $858 today. Over that period, median rent declined $24, while starter-home buying costs fell $89, reflecting a $57 drop from lower typical listing prices and a $33 decrease from a lower mortgage rate.

To determine the monthly cost of buying a home, we find the median list price of 0-2 bedroom home listings (i.e., starter homes). As first-time homebuyers plan lower down payments, we assume a 10% down payment and use the 30-year fixed mortgage rate during the month to calculate a monthly mortgage payment. We also include the HOA fees, taxes, and homeowners insurance averaged at the metro levels as part of the costs. We then compare this buy cost with the median rent in each metro and focus on the difference between the monthly expenses for each.

The biggest rent-versus-buy gaps were mostly concentrated in markets that have seen sustained rent relief over the past few years. Austin, Texas led the nation: renting a starter home costs $1,378 per month compared with $3,295 to buy, a $1,917 or 139.1% monthly difference. Seattle renters saved $1,961 or 103.8% per month, and Los Angeles renters saved $2,049 or 73.5% per month.

The overall advantage of renting shrinks compared with a year ago
In July 2026, the average monthly cost of buying a starter home in the largest 50 metros was $858 (50.6%) higher than renting, whereas the cost of buying was $923 (53.7%) higher than renting in July 2025. In other words, the overall advantage of renting narrowed by $65 across the largest 50 metros compared with a year ago.

While the rent cost declined by $24, from $1,719 to $1,695, over the past 12 months, the buy cost for a starter home dropped by $89, from $2,642 to $2,553—including a $57 decline from changes in typical listing prices and a $33 decrease from a lower mortgage rate, because the 30-year fixed mortgage rate dropped from 6.72% in July 2025 to 6.54% in the last month.

Top Rent-Favoring Markets, July 2026

Market

Median
Asking
Rent

Median Buy
Cost

$ Difference
(Buy-Rent)

%
Difference
(Buy-
Rent)/Rent

Austin-Round Rock-San Marcos, TX

$1,378

$3,295

$1,917

139.1 %

Seattle-Tacoma-Bellevue, WA

$1,890

$3,851

$1,961

103.8 %

Dallas-Fort Worth-Arlington, TX

$1,463

$2,657

$1,194

81.6 %

Columbus, OH

$1,181

$2,111

$930

78.7 %

Nashville-Davidson--Murfreesboro--
Franklin, TN

$1,488

$2,646

$1,158

77.8 %

Los Angeles-Long Beach-Anaheim, CA

$2,787

$4,836

$2,049

73.5 %

San Antonio-New Braunfels, TX

$1,156

$1,982

$826

71.5 %

Oklahoma City, OK

$915

$1,543

$628

68.6 %

Portland-Vancouver-Hillsboro, OR-WA

$1,606

$2,697

$1,091

67.9 %

San Diego-Chula Vista-Carlsbad, CA

$2,677

$4,365

$1,688

63.1 %

Buying conditions are improving in seven markets
Renting may be cheaper today, but the balance is shifting in markets where starter-home listing prices are declining faster than rents and average weekly earnings are growing at or above the 3.8% national rate. Across the 50 largest metros, the median listing price of a starter home fell 2.9% year over year in July, compared with a 1.4% decline in rents.

Seven markets met both measures: Oklahoma City; Orlando, Fla.; Seattle; Miami; Tampa, Fla.; Las Vegas; and Nashville, Tenn. These markets offer different degrees of rent savings today, but each is seeing conditions move more favorably for prospective buyers. Orlando is closest to a monthly crossover, where buying costs only $19 more per month than renting. Meanwhile, Oklahoma City, Seattle and Nashville pair some of the largest monthly savings from renting with improving purchase conditions.

"Improving buying conditions do not make the decision to purchase automatic, especially when renting is still cheaper," Xu said. "These conditions do give renters more flexibility and confidence when making that decision. Households can continue to save while renting, or, if they are ready to buy, pursue a market where home prices, rents and earnings are increasingly working in their favor."

Markets Where Buying Conditions Are Improving

Market

Median
Asking Rent

Median
Asking
rent, YOY

Median listing
price, YOY

Average weekly
earning, YOY
(June 2026)

Oklahoma City, OK

$915

-1.5 %

-9.0 %

4.1 %

Orlando-Kissimmee-
Sanford, FL

$1,682

-1.6 %

-7.7 %

3.8 %

Seattle-Tacoma-
Bellevue, WA

$1,890

-1.0 %

-5.9 %

4.0 %

Miami-Fort
Lauderdale-West
Palm Beach, FL

$2,279

-1.3 %

-5.0 %

5.7 %

Tampa-St.
Petersburg-
Clearwater, FL

$1,635

-4.9 %

-7.1 %

4.8 %

Las Vegas-
Henderson-North Las
Vegas, NV

$1,457

-1.8 %

-3.4 %

4.4 %

Nashville-Davidson--
Murfreesboro--
Franklin, TN

$1,488

-3.9 %

-5.4 %

3.9 %

Rental Data – 50 Largest Metropolitan Areas – July 2026

Market

Rent
Cost

YOY
Rent
Cost

Buy
Cost

YOY
Buy
Cost

$
Difference
(Buy-
Rent)

%
Difference
(Buy-
Rent)/
Rent,

YOY,
Median
Listing
Price
(starter
home)

Atlanta-Sandy Springs-
Roswell, GA

$1,566

-2.2 %

$2,233

-5.6 %

$667

42.6 %

-5.3 %

Austin-Round Rock-San
Marcos, TX

$1,378

-3.2 %

$3,295

-6.7 %

$1,917

139.1 %

-6.1 %

Baltimore-Columbia-Towson,
MD

$1,849

0.8 %

$2,016

-9.2 %

$167

9.0 %

-10.3 %

Birmingham, AL

$1,211

-0.5 %

$1,279

-6.6 %

$68

5.6 %

-5.8 %

Boston-Cambridge-Newton,

MA-NH

$2,939

-3.4 %

$4,669

-5.1 %

$1,730

58.9 %

-4.1 %

Buffalo-Cheektowaga, NY

NA

NA

NA

NA

NA

NA

NA

Charlotte-Concord-Gastonia,

NC-SC

$1,491

-2.3 %

$2,153

-2.9 %

$662

44.4 %

-1.8 %

Chicago-Naperville-Elgin, IL-
IN

$1,838

1.3 %

$2,658

0.9 %

$820

44.6 %

2.3 %

Cincinnati, OH-KY-IN

$1,327

-0.7 %

$1,962

4.0 %

$635

47.9 %

6.4 %

Cleveland, OH

$1,202

-1.6 %

$1,567

3.9 %

$365

30.4 %

6.6 %

Columbus, OH

$1,181

-1.7 %

$2,111

0.1 %

$930

78.7 %

1.7 %

Dallas-Fort Worth-Arlington,
TX

$1,463

-2.3 %

$2,657

0.3 %

$1,194

81.6 %

1.5 %

Denver-Aurora-Centennial,
CO

$1,772

-3.0 %

$2,861

-6.9 %

$1,089

61.5 %

-6.5 %

Detroit-Warren-Dearborn, MI

$1,259

-1.3 %

$1,686

-2.9 %

$427

33.9 %

-2.3 %

Hartford-West Hartford-East
Hartford, CT

NA

NA

NA

NA

NA

NA

NA

Houston-Pasadena-The
Woodlands, TX

$1,384

-2.4 %

$2,244

-4.8 %

$860

62.1 %

-4.7 %

Indianapolis-Carmel-
Greenwood, IN

$1,273

-1.6 %

$1,710

-3.6 %

$437

34.3 %

-2.7 %

Jacksonville, FL

$1,479

-1.9 %

$2,149

-6.1 %

$670

45.3 %

-6.0 %

Kansas City, MO-KS

$1,460

3.8 %

$1,640

0.8 %

$180

12.3 %

2.6 %

Las Vegas-Henderson-North
Las Vegas, NV

$1,457

-1.8 %

$2,131

-4.4 %

$674

46.3 %

-3.4 %

Los Angeles-Long Beach-
Anaheim, CA

$2,787

-1.8 %

$4,836

-4.9 %

$2,049

73.5 %

-4.0 %

Louisville/Jefferson County,
KY-IN

$1,220

-1.9 %

$1,657

0.9 %

$437

35.8 %

2.5 %

Memphis, TN-MS-AR

$1,101

-5.2 %

$1,379

-1.6 %

$278

25.2 %

-0.7 %

Miami-Fort Lauderdale-West
Palm Beach, FL

$2,279

-1.3 %

$2,971

-4.9 %

$692

30.4 %

-5.0 %

Milwaukee-Waukesha, WI

$1,716

-0.3 %

$2,588

1.9 %

$872

50.8 %

3.8 %

Minneapolis-St. Paul-
Bloomington, MN-WI

$1,514

0.3 %

$2,275

-5.8 %

$761

50.3 %

-5.7 %

Nashville-Davidson--
Murfreesboro--Franklin, TN

$1,488

-3.9 %

$2,646

-6.2 %

$1,158

77.8 %

-5.4 %

New Orleans-Metairie, LA

NA

NA

NA

NA

NA

NA

NA

New York-Newark-Jersey
City, NY-NJ

$2,972

0.3 %

$4,795

-4.9 %

$1,823

61.3 %

-4.5 %

Oklahoma City, OK

$915

-1.5 %

$1,543

-8.8 %

$628

68.6 %

-9.0 %

Orlando-Kissimmee-Sanford,
FL

$1,682

-1.6 %

$1,701

-6.9 %

$19

1.1 %

-7.7 %

Philadelphia-Camden-
Wilmington, PA-NJ-DE-MD

$1,763

-0.8 %

$2,331

-4.8 %

$568

32.2 %

-4.4 %

Phoenix-Mesa-Chandler, AZ

$1,433

-4.0 %

$2,183

-7.1 %

$750

52.3 %

-6.7 %

Pittsburgh, PA

$1,452

1.5 %

$1,583

-1.1 %

$131

9.0 %

0.0 %

Portland-Vancouver-
Hillsboro, OR-WA

$1,606

-1.6 %

$2,697

-6.2 %

$1,091

67.9 %

-6.0 %

Providence-Warwick, RI-MA

NA

NA

NA

NA

NA

NA

NA

Raleigh-Cary, NC

$1,443

-1.3 %

$2,289

-7.0 %

$846

58.6 %

-6.3 %

Richmond, VA

$1,527

-1.2 %

$2,338

0.1 %

$811

53.1 %

1.7 %

Riverside-San Bernardino-
Ontario, CA

$2,043

-2.9 %

$2,699

-2.7 %

$656

32.1 %

-1.6 %

Rochester, NY

NA

NA

NA

NA

NA

NA

NA

Sacramento-Roseville-
Folsom, CA

$1,823

-2.2 %

$2,840

-1.6 %

$1,017

55.8 %

-0.2 %

San Antonio-New Braunfels,
TX

$1,156

-4.5 %

$1,982

-6.2 %

$826

71.5 %

4.5 %

San Diego-Chula Vista-
Carlsbad, CA

$2,677

-2.7 %

$4,365

3.2 %

$1,688

63.1 %

-2.5 %

San Francisco-Oakland-
Fremont, CA

$2,941

2.5 %

$4,415

-10.4 %

$1,474

50.1 %

-7.8 %

San Jose-Sunnyvale-Santa
Clara, CA

$3,449

3.8 %

$5,366

1.6 %

$1,917

55.6 %

1.1 %

Seattle-Tacoma-Bellevue,
WA

$1,890

-1.0 %

$3,851

-1.8 %

$1,961

103.8 %

-5.9 %

St. Louis, MO-IL

$1,284

-1.9 %

$1,621

0.3 %

$337

26.2 %

-1.2 %

Tampa-St. Petersburg-
Clearwater, FL

$1,635

-4.9 %

$1,994

-6.1 %

$359

22.0 %

-7.1 %

Virginia Beach-Chesapeake-
Norfolk, VA-NC

$1,589

1.7 %

$2,079

2.2 %

$490

30.8 %

3.9 %

Washington-Arlington-
Alexandria, DC-VA-MD-WV

$2,291

-2.3 %

$2,972

-8.8 %

$681

29.7 %

-9.2 %

Methodology:

Rental data as of July 2026 for studio, 1-bedroom, or 2-bedroom units advertised for rent on Realtor.com. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within the 50 largest metropolitan areas. Realtor.com began publishing regular monthly rental trends reports in October 2020 with data history stretching to March 2019.

About Realtor.com®

For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media Contact: Mallory Micetich, [email protected]

SOURCE Realtor.com

Original source text

New York Post Media Group collaborates with Google Cloud to launch Hamilton, a personalized news experience built with the Gemini Enterprise Agent Platform

New experience brings conversational search, custom news digests and smarter discovery to readers of The New York Post and The California Post

, /PRNewswire/ -- New York Post Media Group (NYPMG), home of The New York Post, The California Post, Page Six, Page Six Hollywood and Decider, today announced the launch of Hamilton, a free, personalized news experience that transforms how readers discover, consume, and engage with journalism. Developed with Google Cloud's full-stack AI, including Gemini Enterprise Agent Platform, Hamilton is rolling out across The New York Post and The California Post apps, combining conversational search, personalized news digests, tailored recommendations, and intelligent notifications into a single reader experience built for the next era of news consumption.

New York Post Media Group As The New York Post approaches its 225th anniversary this fall, Hamilton represents the latest chapter in the brand's long history of innovation, bringing cutting-edge technology to one of America's most iconic media institutions, while maintaining the sharp reporting, distinctive voice, and editorial standards readers trust. Named for New York Post founder Alexander Hamilton, Hamilton reflects the organization's continued commitment to serving readers as they discover and engage with journalism.

Hamilton serves as readers' personal curator, creating a customized experience based on individual interests and reading habits. Through a dedicated Hamilton tab within The New York Post and The California Post apps, and also integrated throughout the entire app experience, readers can ask questions about stories and topics in a natural, conversational format; receive personalized news digests throughout the day; discover articles tailored to their interests; and engage more directly with The Post's signature reporting and commentary.

Key features include:

Hamilton Search: An AI-powered, citation-backed conversational search experience that transforms years of Post reporting into an interactive dialogue. Readers can ask questions in natural language, explore developing stories through personalized follow-up prompts, and instantly access sourced answers and related coverage from across The Post's newsroom. Built on Google Cloud's secure-by-design infrastructure, and with Gemini and Agent Search on the Gemini Enterprise Agent Platform, Hamilton lets readers talk to The Post the same way they'd talk to a friend. This secure architecture ensures that conversational responses are grounded in The Post's live newsroom database, delivering citation-backed, highly reliable interactions while ensuring The Post retains enterprise-grade protection over its high-value editorial assets. Post Express: A dynamic, AI-powered news briefing that delivers personalized digests throughout the day based on each reader's unique interests and habits. More than a traditional newsletter, Post Express intelligently surfaces the stories readers are most likely to care about, and sends them at the times each individual reader is most likely to engage, creating a truly personalized news experience. Picked For You: A personalized discovery engine, powered by Google's Recommendations AI, that continuously learns from reader interests and behavior to surface the stories, topics, and conversations most relevant to them. Unlike generic recommendation feeds, every experience is tailored to the individual reader, making no two Hamilton experiences exactly alike. Post Voices: A customized destination showcasing commentary, analysis, and opinion from readers' favorite New York Post and California Post columnists. By connecting audiences directly with the writers and viewpoints they engage with most, Post Voices creates a more personalized way to experience the ideas driving today's biggest conversations. Unlike many AI-driven media experiences, all editorial content featured through Hamilton originates from Post journalism and remains subject to the newsroom's editorial standards and oversight. Hamilton does not generate original news reporting or editorial perspectives. Behind the Technology: Google Cloud's Gemini Enterprise Agent Platform

Behind the scenes, Hamilton is built on Google Cloud's secure-by-design infrastructure, Gemini Enterprise Agent Platform, and Google's advanced Gemini models. Together, these tools allow the app to dynamically route, understand, and synthesize reader queries to deliver instant, citation-backed answers in The Post's signature voice.

To keep pace with a non-stop, 24/7 newsroom, Google Cloud's serverless data pipelines automatically power real-time metadata synchronization. This ensures newly published breaking news articles are ingested, indexed, and made searchable within seconds of publication.

"For nearly 225 years, The Post has evolved alongside the way people consume news, from print presses to smartphones and now to AI," said Sean Giancola, Chief Executive Officer of New York Post Media Group. "Hamilton is the next evolution of that journey, creating a more personalized and conversational way for readers to discover, understand and engage with our journalism. It puts a personalized Post newsroom in your pocket, helping readers get to the stories they care about faster, go deeper on the topics they're following and discover more of the journalism that keeps them coming back every day."

"Readers don't want more noise. They want more relevance, and The Post has always been at its best when it meets readers where they are," said Keith Poole, editor-in-chief of New York Post Media Group. "Today, that means building experiences that help audiences discover, understand and engage with our journalism in entirely new ways. Hamilton allows readers to explore stories through conversation, creating a smarter and more intuitive way to navigate the news while maintaining the rigorous reporting, editorial judgment and unmistakable Post voice that set our journalism apart."

"Hamilton is the result of rethinking how a modern news experience should work," said Ariscielle Novicio, chief technology officer of New York Post Media Group. "Working with Google Cloud and leveraging Gemini Enterprise Agent Platform, we built a platform that can understand reader interests, personalize experiences in real time and create more intuitive ways to discover journalism. Our goal wasn't simply to add AI features. It was to make The Post smarter, more engaging and more relevant for every individual reader."

"New York Post Media Group is setting a new blueprint for global publishing by proving how news brands can use AI to deliver deeply personalized experiences that keep reader privacy and control at the center," said Michael Clark, President of North America, Google Cloud. "Underpinned by Gemini Enterprise Agent Platform, Hamilton delivers a real-time, citation-backed conversational experience that respects the rigorous editorial standards of journalism while meeting the speed and scale of today's newsrooms."

To get started with Hamilton, download The New York Post or The California Post app from the App Store or Google Play, create a free account, and tap the Hamilton icon within the app.

About New York Post Media Group

New York Post Media Group is home to the oldest continuously-published daily newspaper in the United States, The New York Post, founded by Alexander Hamilton in 1801. The California Post is the company's new West Coast news platform. In digital and in print, the California Post delivers sharp, engaging, straight-talking journalism for and about California. The New York Post Media Group portfolio also houses some of the nation's premier digital destinations for news, sports, and entertainment, including the fabled Page Six gossip column, a world leader in breaking celebrity news that has evolved into its own iconic and powerful brand. The Post Digital Network is composed of the flagship NYPost.com, CaliforniaPost.com, PageSix.com, including Page Six Style, and Decider.com, covering streaming television and movies. The New York Post Media Group is owned by News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

SOURCE New York Post Media Group (NYPMG)

Original source text

Listings in the top 10 ZIPs got up to 5.3x more views and sold as much as 42 days faster than the national average

, /PRNewswire/ -- Peabody, Mass. (01960) joins the Hottest ZIPs for the third time since previously ranked No. 5 in 2018 and No.3 in 2021. For the fourth consecutive year, the Northeast and Midwest swept the rankings, with this year's list underscoring a clear shift in what today's buyers are willing to pay for: more square footage and established character, even if it means a longer commute or a smaller discount versus the surrounding metro.

"This year's hottest ZIP codes tell us that buyers aren't simply chasing the lowest price tag anymore — they're chasing space, character and a manageable commute to a major job center, and they're willing to pay a premium to get it," said Hannah Jones, senior economist at Realtor.com®. "What's especially notable is how financially prepared these buyers are. Even in ZIP codes where typical local incomes aren't enough to cover today's home prices, buyers are showing up with larger down payments and stronger credit profiles than the national norm, which tells us this demand is real and well-capitalized."

The 2026 Hottest ZIP Codes in America, in rank order, are:

01960 Peabody, Mass. in Boston-Cambridge-Newton, MA-NH* 07042 Montclair, N.J. in New York-Newark-Jersey City, NY-NJ 08080 Sewell, N.J. in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD* 14450 Fairport, N.Y. in Rochester, NY 01085 Westfield, Mass. in Springfield, MA 48154 Livonia, Mich. in Detroit-Warren-Dearborn, MI 17543 Lititz, Pa. in Lancaster, PA 06473 North Haven, Conn. in New Haven, CT 53151 New Berlin, Wi. in Milwaukee-Waukesha, WI 60187 Wheaton, Ill. in Chicago-Naperville-Elgin, IL-IN (Starred ZIPs are located in metros that were on last years' ranking)

Three of this year's ZIPs and seven of the associated metro areas have appeared on the Hottest ZIP Codes list before, though none of this year's ZIPs repeated directly from last year's ranking — the overlap traces back to 2017, 2021 and 2024. Three ZIPs are appearing for the first time in every sense: Lititz, Pa. (17543), North Haven, Conn. (06473) and New Berlin, Wis. (53151), a sign that demand is continuing to spread into smaller markets within the same Northeast and Midwest corridors that have dominated the rankings in recent years.

Regional Divergence Persists

For the fourth year running, the South and West failed to produce a single entry on the list, while the Northeast and Midwest dominated with ZIPs spanning Massachusetts, New Jersey, New York, Connecticut, Pennsylvania, Wisconsin, Illinois and Michigan. Comparatively tight new-construction pipelines in these metros have kept a lid on supply, while more robust homebuilding and softer price growth across the South and West over the past two years have eased competition in those regions. Nationally, for-sale inventory remained 11.3% below pre-pandemic norms in June 2026 — but in the hottest ZIPs, that shortfall widened to 60.5%, more than five times the national gap, fueling the intense competition reflected in this year's rankings.

Listings in the top 10 ZIPs also significantly outpaced the broader market on engagement and pace, drawing 3.0 to 5.3 times more views per property than the U.S. norm and selling 30 to 42 days faster.

Homes in the Hottest ZIPs Are Selling Over Asking — the Rest of the Country Isn't

Nationally, the typical home sold for about 2.3% below list price in the first half of 2026. In the 10 hottest ZIPs, nine of 10 saw homes sell at or above asking, with an average sale-to-list ratio of roughly 103.8%. Montclair, N.J. and Fairport, N.Y. stood out sharply, with homes selling 16.7% and 14.4% over asking, respectively — a sign of competitive conditions and possibly multiple-offer scenarios while much of the country returns to balanced or even buyer-favoring conditions.

Buyers Pay Up for Space and a Commute Friendly Sweet Spot

Today's buyers aren't just chasing affordability — they want it all. Nine of the 10 hottest ZIPs are priced above their surrounding metro, and eight of the 10 feature homes that run notably larger than the typical listing in their metro. Across all 10 ZIPs, the median home for sale measured 2,000 square feet, compared with a metro median of 1,600 and a national median of 1,800. In Montclair, N.J. (07042), homes for sale averaged 2,625 square feet in the first half of 2026 — 85.6% larger than the surrounding New York metro norm.

These ZIPs also cluster in a similar commuting band, sitting roughly 10 to 20 miles from their metro's central business district — close enough to support a regular in-office schedule, far enough to offer the space and quiet of suburban living. The housing stock skews older, too, with a median year built across the 10 ZIPs averaging 1970, about a decade older than the all-ZIP average — a reminder that buyers are increasingly willing to pay a premium for well-located, established neighborhoods.

Local Incomes Mostly Keep Pace — But Not Everywhere

Seven of the 10 hottest ZIPs show local median household income running ahead of what's needed to afford the typical home there, assuming a 20% down payment and a 6.55% mortgage rate. Livonia, Mich. (48154) leads the group, with income running 64.2% above the threshold, followed by Sewell, N.J. (08080) at 39.6% and Fairport, N.Y. (14450) at 31.4%. Three ZIPs break from that pattern, most notably Montclair, N.J. (07042), where income runs 31.1% behind what's needed — a signal less about whether today's buyers can afford these homes and more about how much home values have outpaced the earnings of long-tenured residents.

Today's Buyers Are Bringing More to the Table

Buyer financial profiles across the hottest ZIPs run well ahead of the national norm. The average down payment across the list is 17.1%, compared with roughly 13.1% nationally, and the average median credit score is 766, versus about 747 nationally. Montclair, N.J. buyers posted the strongest profile in the sample, averaging a 22.1% down payment (more than $318,000) alongside a median FICO score of 783. Even the ZIPs at the lower end of the range, Westfield, Mass., and Peabody, Mass., still landed near the national FICO average while putting down $30,000 and $89,000, respectively — well above the national dollar norm of $25,300.

Big-City ZIPs Draw Local Buyers, Smaller Markets Pull From Regional Hubs

ZIP codes within the largest metros are largely sustained by their own residents. Wheaton, Ill. (60187) drew 77.0% of its listing viewership from within the Chicago metro, Montclair, N.J. (07042) pulled 74.6% from New York, and Peabody, Mass. (01960) drew 70.0% from Boston. Smaller-metro ZIPs told a different story: Sewell, N.J. (08080) pulled 48.4% of its views from Philadelphia but another 26.8% from New York, while New Berlin, Wis. (53151) split its demand between Milwaukee (49.6%) and Chicago (24.5%) — evidence that these markets are functioning partly as release valves for buyers priced out of a larger, pricier neighboring metro.

Spotlight on Peabody, Mass., The Hottest Zip in America

Peabody, Mass. (01960) joins the Hottest ZIPs for the third time it has joined the top ten hottest zips including No. 5 in 2018 and No.3 in 2021. Located about 20 miles north of downtown Boston, Peabody offers buyers highway access to the city, a North Shore setting and a blend of small-town character with proximity to a major job center. Homes there spent a median of just 20 days on the market in the first half of 2026 and sold modestly over asking, even as the typical U.S. home sold under list price. Demand is largely homegrown — 70.0% of Peabody's listing views came from within the Boston metro itself — and buyer financials there look close to the national norm, with a 14.0% average down payment and 747 median credit score, suggesting the math works for most buyers without requiring an outsized financial cushion.

Top 50 Hottest ZIP Codes

Rank

ZIP
Code

ZIP Name

Metro Area

Views per
Property
Vs US

Median
Days on
Market

Median
Listing
Price

1

01960

Peabody

Boston-Cambridge-Newton, MA-NH

4.09

20

$600,000

2

07042

Montclair

New York-Newark-Jersey City, NY-NJ

3.3

18

$1,050,000

3

08080

Sewell

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

3.8

25

$426,000

4

14450

Fairport

Rochester, NY

5.25

23

$429,000

5

01085

Westfield

Springfield, MA

5.21

27

$381,000

6

48154

Livonia

Detroit-Warren-Dearborn, MI

3.39

25

$338,000

7

17543

Lititz

Lancaster, PA

3.84

28

$598,000

8

06473

North Haven

New Haven, CT

5.34

30

$562,000

9

53151

New Berlin

Milwaukee-Waukesha, WI

4.48

29

$445,000

10

60187

Wheaton

Chicago-Naperville-Elgin, IL-IN

3.03

25

$575,000

11

06905

Stamford

Bridgeport-Stamford-Danbury, CT

3.2

27

$691,000

12

61611

East Peoria

Peoria, IL

4.01

31

$212,000

13

53140

Kenosha

Kenosha, WI

3.13

28

$267,000

14

17402

York

York-Hanover, PA

2.78

25

$394,000

15

03051

Hudson

Manchester-Nashua, NH

3.13

27

$608,000

16

63011

Ballwin

St. Louis, MO-IL

3.49

31

$455,000

17

19607

Reading

Reading, PA

2.76

24

$301,000

18

44281

Wadsworth

Cleveland, OH

4.16

32

$355,000

19

07840

Hackettstown

Allentown-Bethlehem-Easton, PA-NJ

2.55

25

$511,000

20

06040

Manchester

Hartford-West Hartford-East Hartford, CT

3.84

32

$392,000

21

54911

Appleton

Appleton, WI

3.17

30

$280,000

22

23229

Henrico

Richmond, VA

2.6

28

$515,000

23

48182

Temperance

Monroe, MI

4.31

33

$311,000

24

03301

Concord

Concord, NH

3.59

32

$437,000

25

61108

Rockford

Rockford, IL

3.01

30

$212,000

26

17011

Camp Hill

Harrisburg-Carlisle, PA

3.41

31

$366,000

27

66212

Overland Park

Kansas City, MO-KS

2.66

26

$385,000

28

02886

Warwick

Providence-Warwick, RI-MA

2.55

29

$457,000

29

44641

Louisville

Canton-Massillon, OH

3.66

34

$269,000

30

35213

Birmingham

Birmingham, AL

2.6

28

$526,000

31

06795

Watertown

Waterbury-Shelton, CT

4.21

35

$505,000

32

43614

Toledo

Toledo, OH

2.77

32

$222,000

33

43209

Columbus

Columbus, OH

2.8

32

$448,000

34

21771

Mount Airy

Baltimore-Columbia-Towson, MD

2.16

24

$734,000

35

55811

Duluth

Duluth, MN-WI

4.32

36

$552,000

36

65109

Jefferson City

Jefferson City, MO

2.75

33

$344,000

37

55110

Saint Paul

Minneapolis-St. Paul-Bloomington, MN-WI

2.7

33

$381,000

38

44266

Ravenna

Akron, OH

3.79

36

$254,000

39

62704

Springfield

Springfield, IL

3.05

35

$192,000

40

13760

Endicott

Binghamton, NY

3.6

35

$231,000

41

53405

Racine

Racine-Mount Pleasant, WI

2.45

31

$241,000

42

68144

Omaha

Omaha, NE-IA

2.2

27

$333,000

43

54303

Green Bay

Green Bay, WI

2.48

32

$261,000

44

01007

Belchertown

Amherst Town-Northampton, MA

2.6

33

$626,000

45

54401

Wausau

Wausau, WI

4.91

38

$297,000

46

48813

Charlotte

Lansing-East Lansing, MI

3.04

36

$284,000

47

51106

Sioux City

Sioux City, IA-NE-SD

2.51

35

$248,000

48

25526

Hurricane

Huntington-Ashland, WV-KY-OH

4.2

38

$350,000

49

61761

Normal

Bloomington, IL

2.55

34

$343,000

50

01569

Uxbridge

Worcester, MA

2.92

32

$622,000

To see the full list of State-Level Hottest ZIP codes, https://www.realtor.com/research/hottest-ZIP-codes-2026

Methodology:

Realtor.com®'s Hottest ZIP Code rankings are based on an algorithm that takes into account two aspects of the housing market: 1) market demand, as measured by unique viewers per property on Realtor.com®, and 2) the pace of the market as measured by the number of days a listing remains active on Realtor.com®. The hottest areas are those that have high demand from buyers, in other words, lots of unique viewers per each property, and fast-selling homes, an indicator of limited supply. Market Hotness rankings based on Realtor.com® listing data from January to June 2026. The list of top ZIP codes is limited to one ZIP code per metropolitan area. Descriptive statistics in this write-up refer to June 2026 data unless otherwise noted.

About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media Contact: Mallory Micetich, [email protected]

SOURCE Realtor.com

Original source text

Posted by Defense World Staff on Aug 6th, 2026

Amundi lessened its position in News Corporation (NASDAQ:NWS – Free Report) by 15.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 238,556 shares of the company’s stock after selling 44,592 shares during the quarter. Amundi’s holdings in News were worth $6,801,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NWS. NewEdge Advisors LLC bought a new position in shares of News during the 2nd quarter valued at $30,000. ExodusPoint Capital Management LP bought a new stake in News in the fourth quarter worth $37,000. Arax Advisory Partners bought a new position in shares of News during the fourth quarter valued at about $47,000. Resona Asset Management Co. Ltd. increased its holdings in shares of News by 69.0% in the fourth quarter. Resona Asset Management Co. Ltd. now owns 1,629 shares of the company’s stock worth $49,000 after buying an additional 665 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of News by 74.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,056 shares of the company’s stock worth $62,000 after buying an additional 878 shares during the period. Institutional investors own 14.63% of the company’s stock.

News Stock Performance Shares of News stock opened at $33.13 on Thursday. News Corporation has a 12 month low of $25.49 and a 12 month high of $35.58. The firm has a market capitalization of $18.14 billion, a P/E ratio of 16.48 and a beta of 0.88. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $30.43 and a two-hundred day simple moving average of $29.26.

News (NASDAQ:NWS – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.25 billion. News had a net margin of 12.92% and a return on equity of 6.12%. On average, equities analysts forecast that News Corporation will post 1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes Several analysts have weighed in on NWS shares. Weiss Ratings upgraded News from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Zacks Research downgraded shares of News from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, News presently has an average rating of “Moderate Buy”.

Check Out Our Latest Report on News

News Profile (Free Report)

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.

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Original source text

News NASDAQ: NWS reported record fourth-quarter profitability for fiscal 2026, with revenue rising 11% year over year to $2.3 billion and total segment EBITDA increasing 31% to $423 million. Net income from continuing operations climbed 167% to $230 million, while reported earnings per share rose to $0.33 from $0.09 a year earlier and adjusted EPS increased to $0.35 from $0.19.

For the full fiscal year, revenue increased 7% to $9 billion and total segment EBITDA rose 15% to more than $1.6 billion. The company’s annual margin expanded to 18% from 16.7%, while free cash flow grew 42% to $811 million. Reported EPS for the year rose 23% to $1.03 and adjusted EPS increased 33% to $1.18.

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Chief Executive Robert Thomson said the results marked the company’s 12th consecutive quarter of year-over-year revenue growth and its 13th consecutive quarter of total segment EBITDA growth from continuing operations. He said News Corp has shifted toward a majority-digital business with expanded premium recurring revenue streams.

Chief Financial Officer Lavanya Chandrashekar said 61% of fiscal 2026 revenue was digital. She also pointed to three consecutive years of mid-teens profit growth on a continuing-operations basis and said the company sees “substantial runway” for further margin improvement.

Capital returns and AI strategy News Corp stepped up share repurchases during the year, buying back $184 million of stock in the fourth quarter and $643 million for fiscal 2026, compared with $150 million in fiscal 2025. Chandrashekar said the annual repurchase total benefited from approximately $380 million in repayments of Foxtel shareholder loans.

Thomson said the company believes its intellectual property and professional content are important inputs for artificial-intelligence products. News Corp has content relationships with OpenAI and Meta and is in advanced discussions with other companies, he said.

At the same time, Thomson said the company is pursuing legal action against AI companies it alleges have improperly used its copyrighted material, specifically citing Perplexity and Brave. He said News Corp’s claims against Brave focus on alleged use of web crawlers and the repackaging of copyrighted articles for enterprise customers.

In response to an analyst question, Thomson said the company views its AI agreements as partnerships rather than merely transactional arrangements. He said future agreements could include both broad arrangements with major AI companies and sector-specific deals. Chandrashekar said the Meta agreement announced in March is now contributing to the business at both Dow Jones and News Media.

Dow Jones advances B2B growth Dow Jones posted fourth-quarter revenue of $644 million, up 7% from the prior year. Chandrashekar said the segment’s EBITDA was $181 million, up 20%, with margin expanding 310 basis points to 28.1%. Digital revenue represented 84% of segment revenue, compared with 83% a year earlier.

Professional information revenue increased 5%, led by an 11% increase in Risk & Compliance revenue to $102 million. Dow Jones Energy revenue grew 4% to $76 million, with management citing the Middle East conflict and timing of new contracts as factors affecting growth. Chandrashekar said the pipeline for new energy contracts is robust and that the company expects improved growth in the first quarter.

Digital-only subscriptions rose 9% to nearly 6.3 million, including approximately 194,000 sequential net additions, driven by enterprise news subscriptions. Digital advertising grew 10%, helping total advertising revenue rise 5% to $109 million despite a 6% decline in print advertising.

The company increased the full price of a new Wall Street Journal digital subscription to $44.99 from $39.99 and raised introductory offer pricing. Chandrashekar said these actions have supported accelerated growth in digital direct-subscription average revenue per user.

Real estate and publishing results Digital Real Estate Services revenue increased 19% to $553 million, while segment EBITDA rose 46% to $222 million. On an adjusted basis, revenue rose 10% and EBITDA increased 33%.

REA revenue rose 21%, or 9% in constant currency, aided by price increases, add-on product growth and an 11% increase in Australian residential new-buy listings. Realtor.com revenue grew 13% to $167 million, its seventh consecutive quarter of revenue growth.

Management said Realtor.com’s growth was driven by core real estate products, particularly its RealPro Select premium marketing product, as well as a focus on higher-priced listings. Adjacent categories including new homes, rentals and sellers accounted for 22% of Realtor.com revenue during the quarter.

HarperCollins revenue increased 15% to $566 million and EBITDA rose 14% to $57 million. Digital revenue grew 12%, including a 16% increase in audiobook revenue and an 11% increase in e-book revenue. Chandrashekar said stronger frontlist demand, higher backlist sales and deluxe editions supported the quarter.

Outlook For fiscal 2027, News Corp said it expects continued strong revenue performance at Dow Jones and improved B2B revenue growth, particularly at Dow Jones Energy. The company also expects continued margin expansion supported by disciplined reinvestment.

Chandrashekar said Australian residential new-buy listings declined 2% in July. At Realtor.com, the company expects potential revenue improvement, though a broader housing recovery could be affected in the near term by rising mortgage rates.

News Corp expects HarperCollins to benefit from a strong frontlist and an easier comparison with the prior year. In News Media, the company expects incremental expenses tied to the continued rollout of the California Post, partly offset by benefits from new content-licensing revenue.

About News (NASDAQ:NWS)News Corporation NASDAQ: NWS is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company's operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Original source text

News Corp, the parent company of The New York Post, posted its highest profitability on record on Wednesday, driven by growth in its Dow Jones, digital real estate and book publishing divisions.

The New York-based media giant said its fourth-quarter revenue grew 11% to $2.34 billion, beating analyst expectations.

News Corp saw $230 million from continuing operations, or 33 cents a share — a whopping 167% increase compared to $86 million in the prior year.

Adjusted earnings per share totaled 35 cents. Analysts polled by FactSet had expected 24 cents a share.

News Corp beat Wall Street’s fourth-quarter expectations, due in part to strength in its digital real estate, book publishing and Dow Jones units. LP Media “We concluded Fiscal 2026 with an exceptional fourth quarter performance,” News Corp CEO Robert Thomson said in a statement.

“Our record performance is a product of sustained focus on, and reinvestment in, News Corp’s core growth engines and our transformation to a digital-first company underpinned by insightful and trusted content,” he added.

During the quarter, News Corp’s financial results were powered by a 7% jump in revenue to $644 million at its Dow Jones unit, which publishes The Wall Street Journal and MarketWatch.

The firm saw a 19% increase at its real estate division to $553 million and a 15% jump in book publishing revenue to $566 million.

News Corp CEO Robert Thomson touted the company’s artificial intelligence partnerships with Meta and OpenAI. Bloomberg via Getty Images Thomson — who previously ripped AI companies for failing to pay enough for content — touted News Corp’s artificial intelligence partnerships.

“Much of the world is being reshaped by artificial intelligence, but artificial intelligence itself is only as useful and only as trustworthy as the quality of its inputs,” he said.

“We believe that makes News Corp an absolutely critical participant in the emerging AI ecosystem. Without our journalists, our authors, our data, our brands and our professional expertise, users would be drowning in a slimy sea of AI slop.”

He cited the company’s content relationships with OpenAI and Meta, noting that News Corp is in advance discussions with several other companies, before issuing a stern warning.

“However, under our woo and sue approach, we are taking aggressive action against those who pilfer and profit from our work,” the exec said. “We will pursue those pilferers, and companies that are clients of these crass kleptomaniacs should know they are patently in possession of stolen goods.”

For fiscal 2026, net income from continuing operations grew 15% to $743 million. Adjusted diluted earnings per share totaled $1.18. Annual revenue ticked up 7% to $9.03 billion.

Original source text

NEW YORK--(BUSINESS WIRE)--News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months and fiscal year ended June 30, 2026.

Commenting on the results, Chief Executive Robert Thomson said:

“We concluded Fiscal 2026 with an exceptional fourth quarter performance, including an 11% increase in revenues to $2.34 billion and the highest profitability on record. Fourth quarter net income from continuing operations soared 167% to $230 million, while our earnings per share were $0.33, up from $0.09 in the prior year, and our adjusted EPS were $0.35, compared to $0.19 last year. Our core growth engines—Digital Real Estate Services, Dow Jones and Book Publishing—fueled a 31% surge in fourth quarter Total Segment EBITDA to $423 million.

On a full year basis, News Corp reported another year of record revenue and profitability on a continuing operations basis, with growth accelerating to 7% and 15%, respectively, while operating cash flow grew 26% to $1.24 billion. As a result, free cash flow increased significantly, rising 42% to $811 million. Our enhanced cash position enabled us to aggressively return capital to shareholders, with the buyback accelerating to well over four times the prior year’s rate at $643 million.

Our record performance is a product of sustained focus on, and reinvestment in, News Corp’s core growth engines and our transformation to a digital-first company underpinned by insightful and trusted content.

Much of the world is being reshaped by artificial intelligence, but artificial intelligence itself is only as useful and only as trustworthy as the quality of its inputs. We believe that makes News Corp an absolutely critical participant in the emerging AI ecosystem. Without our journalists, our authors, our data, our brands and our professional expertise, users would be drowning in a slimy sea of AI slop.

We have trusted content relationships with OpenAI and Meta, and are in advanced discussions with several other companies. However, under our woo and sue approach, we are taking aggressive action against those who pilfer and profit from our work. We will pursue those pilferers, and companies that are clients of these crass kleptomaniacs should know they are patently in possession of stolen goods.”

FOURTH QUARTER RESULTS

The Company reported fiscal 2026 fourth quarter total revenues of $2.34 billion, an 11% increase compared to $2.11 billion in the prior year period, primarily driven by higher real estate revenues at Digital Real Estate Services, higher print and digital sales at Book Publishing and higher circulation and subscription revenues at Dow Jones. Results included a $71 million, or 4%, positive impact from foreign currency fluctuations. Adjusted Revenues (which excludes the foreign currency impact, acquisitions and divestitures as defined in Note 2) increased 7% compared to the prior year.

Net income from continuing operations for the quarter was $230 million, a 167% increase compared to $86 million in the prior year, primarily driven by higher Total Segment EBITDA, as discussed below, and lower impairment and restructuring charges.

The Company reported fourth quarter Total Segment EBITDA of $423 million, a 31% increase compared to $322 million in the prior year, primarily driven by the strong revenue growth as discussed above. Adjusted Total Segment EBITDA (as defined in Note 2) increased 25%.

Net income from continuing operations per share attributable to News Corporation stockholders was $0.33 as compared to $0.09 in the prior year. Adjusted EPS (as defined in Note 3) were $0.35 compared to $0.19 in the prior year.

FULL YEAR RESULTS

The Company reported fiscal 2026 full year total revenues of $9.03 billion, a 7% increase compared to $8.45 billion in the prior year. The increase was driven by higher revenues at the Digital Real Estate Services, Dow Jones and Book Publishing segments, the Company’s core growth engines, and a $189 million, or 2%, positive impact from foreign currency fluctuations. Adjusted Revenues increased 4%.

Net income from continuing operations for the full year was $743 million, a 15% increase compared to $648 million in the prior year. The increase reflects higher Total Segment EBITDA, as discussed below, and higher interest income, partially offset by lower Other, net driven by the gain on the sale of REA Group’s investment in PropertyGuru in the prior year.

Total Segment EBITDA for the full year was $1.63 billion, a 15% increase compared to $1.42 billion in the prior year primarily driven by strong contributions from the Digital Real Estate Services and Dow Jones segments, primarily as a result of higher revenues, as discussed above, and lower employee costs in the Other segment. Adjusted Total Segment EBITDA increased 12%.

Diluted net income from continuing operations per share attributable to News Corporation stockholders was $1.03 as compared to $0.84 in the prior year. Adjusted diluted EPS were $1.18 compared to $0.89 in the prior year.

SEGMENT REVIEW

For the three months ended
June 30,

For the fiscal years ended
June 30,

2026

2025

% Change

2026

2025

% Change

(in millions)

Better/

(Worse)

(in millions)

Better/

(Worse)

Revenues:

Dow Jones

$

644

$

604

7

%

$

2,497

$

2,331

7

%

Digital Real Estate Services

553

466

19

%

2,016

1,802

12

%

Book Publishing

566

494

15

%

2,288

2,149

6

%

News Media

574

545

5

%

2,227

2,170

3

%

Other

—

—

—

%

—

—

—

%

Total Revenues

$

2,337

$

2,109

11

%

$

9,028

$

8,452

7

%

Segment EBITDA:

Dow Jones

$

181

$

151

20

%

$

663

$

588

13

%

Digital Real Estate Services

222

152

46

%

741

601

23

%

Book Publishing

57

50

14

%

287

296

(3

)%

News Media

24

28

(14

)%

139

153

(9

)%

Other

(61

)

(59

)

(3

)%

(203

)

(223

)

9

%

Total Segment EBITDA

$

423

$

322

31

%

$

1,627

$

1,415

15

%

Dow Jones

Fourth Quarter Segment Results

Revenues in the quarter increased $40 million, or 7%, compared to the prior year, driven by higher circulation and subscription revenues and higher digital advertising revenues. Results included a $2 million, or 1%, positive impact from foreign currency fluctuations. Digital revenues at Dow Jones in the quarter represented 84% of total revenues compared to 83% in the prior year. Adjusted Revenues increased 6%.

Circulation and subscription revenues increased $35 million, or 7%, reflecting higher content licensing revenue, a 5% increase in professional information business revenues, led by 11% growth in Dow Jones Risk & Compliance revenues to $102 million and 4% growth in Dow Jones Energy revenues to $76 million, and higher digital circulation revenues. Circulation revenues increased 3% compared to the prior year driven by the conversion of customers from introductory promotions to higher pricing and continued growth in digital-only subscriptions, partly offset by lower print volume. Digital circulation revenues accounted for 76% of circulation revenues for the quarter, compared to 75% in the prior year.

During the fourth quarter, total average subscriptions to Dow Jones’ news products were over 6.7 million, a 7% increase compared to the prior year. Digital-only subscriptions to Dow Jones’ news products grew 9% to nearly 6.3 million. Total subscriptions to The Wall Street Journal grew 6% compared to the prior year, to 4.8 million average subscriptions in the quarter. Digital-only subscriptions to The Wall Street Journal grew 8% to nearly 4.5 million average subscriptions in the quarter, driven by growth in enterprise news subscriptions, and represented 93% of total Wall Street Journal subscriptions.

For the three months ended June 30,

2026

2025

% Change

(in thousands, except %)

Better/(Worse)

The Wall Street Journal

Digital-only subscriptions

4,465

4,126

8 %

Total subscriptions

4,827

4,538

6 %

Barron’s Group

Digital-only subscriptions

1,512

1,319

15 %

Total subscriptions

1,602

1,432

12 %

Total News Products

Digital-only subscriptions

6,258

5,719

9 %

Total subscriptions

6,725

6,261

7 %

Advertising revenues for the quarter increased $5 million, or 5%, driven by digital advertising revenues, which grew 10%, partially offset by a 6% decrease in print advertising revenues. Digital advertising accounted for 69% of total advertising revenues for the quarter, compared to 65% in the prior year.

Segment EBITDA for the quarter increased $30 million, or 20%, primarily as a result of the higher revenues discussed above, partially offset by increases in employee and technology costs. Adjusted Segment EBITDA increased 20%.

Full Year Segment Results

Fiscal 2026 full year revenues increased $166 million, or 7%, compared to the prior year driven by higher circulation and subscription and advertising revenues and a $17 million, or 1%, positive impact from foreign currency fluctuations. Digital revenues at Dow Jones represented 84% of total revenues compared to 82% in the prior year. Adjusted Revenues increased 6% compared to the prior year.

Circulation and subscription revenues increased $136 million, or 7%, reflecting a 9% increase in professional information business revenues, led by 16% growth in Dow Jones Risk & Compliance revenues to $392 million and 8% growth in Dow Jones Energy revenues to $301 million, higher digital circulation revenues and higher content licensing revenues. Circulation revenues increased 3% compared to the prior year, reflecting the conversion of customers from introductory promotions to higher pricing and continued growth in digital-only subscriptions, driven by growth in enterprise news subscriptions, partly offset by lower print volume. Digital circulation revenues accounted for 76% of circulation revenues for the year, compared to 74% in the prior year.

Advertising revenue increased $22 million, or 6%, due to a 9% increase in digital advertising revenues. Digital advertising revenues accounted for 67% of total advertising revenues for the year, compared to 65% in the prior year.

Segment EBITDA for fiscal 2026 increased $75 million, or 13%, compared to the prior year, primarily due to higher revenues, as noted above, partially offset by higher employee and marketing costs. Adjusted Segment EBITDA increased 13%.

Digital Real Estate Services

Fourth Quarter Segment Results

Revenues in the quarter increased $87 million, or 19%, compared to the prior year, driven by higher revenues at both REA Group and Move. Segment EBITDA in the quarter increased $70 million, or 46%, compared to the prior year, due to higher contribution from both REA Group and Move. Adjusted Revenues and Adjusted Segment EBITDA increased 10% and 33%, respectively.

In the quarter, revenues at REA Group increased $68 million, or 21%, to $386 million, driven by higher Australian residential revenues due to price increases and growth in add-on products and a $38 million, or 12%, positive impact from foreign currency fluctuations, partially offset by unfavorable geographical mix. Australian national residential buy listing volumes in the quarter rose 11% compared to the prior year, with listings in Sydney and Melbourne each up 8%. REA India has announced the sale of its remaining business, Housing.com, to listed Aurum Proptech Limited.

Move’s revenues in the quarter increased $19 million, or 13%, to $167 million, primarily as a result of higher sales of RealPRO SelectSM, as Move continues to shift its focus to more premium offerings with higher revenues per lead, and revenue growth in seller, new homes and rentals. Based on Move’s internal data, average monthly unique users of Realtor.com®’s web and mobile sites for the fiscal fourth quarter were 68 million, a 6% decrease compared to the prior year driven primarily by broader macroeconomic trends and a focus on higher quality leads, with volumes increasing 1% compared to the prior year period. According to Comscore, monthly average visits for the fourth quarter for Realtor.com® were 297 million, increasing its share to 33% of total visits to all U.S. real estate portals, and leading the industry in engagement, as measured by visits per unique user.

Full Year Segment Results

Fiscal 2026 full year revenues increased $214 million, or 12%, compared to the prior year, driven by higher revenues at both REA Group and Move including a $63 million, or 4%, positive impact from foreign currency fluctuations. Segment EBITDA for fiscal 2026 increased $140 million, or 23%, compared to the prior year, including a $32 million, or 5%, positive impact from foreign currency fluctuations, driven by higher revenues and the absence of $12 million of costs related to the withdrawn offer to acquire Rightmove in the prior year, partly offset by higher employee costs primarily at Move, higher broker commissions and higher marketing costs. Adjusted Revenues and Adjusted Segment EBITDA increased 8% and 19%, respectively.

In the fiscal year, REA Group’s revenues increased $156 million, or 12%, to $1.41 billion, including a $63 million, or 5%, positive impact from foreign currency fluctuations, primarily due to higher Australian residential revenues driven by price increases and growth in add on products and higher financial services revenue, partly offset by a decline in revenues from REA India.

Move’s revenues in the fiscal year increased $58 million, or 11%, to $610 million, primarily as a result of higher sales of RealPRO SelectSM, as Move shifts its focus to more premium offerings, and revenue growth in seller, new homes and rentals.

Book Publishing

Fourth Quarter Segment Results

Revenues in the quarter increased $72 million, or 15%, compared to the prior year, driven by higher physical and digital book sales, which included strength in General Books, the U.K. and Children’s Publishing. The increase included a $3 million, or 1%, positive impact from foreign currency fluctuations. Adjusted Revenues increased 13%.

Digital sales increased 12% compared to the prior year driven by an increase in audiobook and e-book sales. Digital sales represented 24% of consumer revenues for the quarter compared to 25% for the prior year period. Backlist sales represented approximately 60% of consumer revenues in the quarter compared to 65% in the prior year, driven by the robust frontlist slate.

Segment EBITDA for the quarter increased $7 million, or 14%, compared to the prior year, due to the higher revenues discussed above, partially offset by higher costs due to higher sales volume and mix of titles. Adjusted Segment EBITDA increased 12%.

Full Year Segment Results

Fiscal 2026 full year revenues increased $139 million, or 6%, compared to the prior year, which includes a $31 million impact from recent acquisitions, primarily due to higher physical and digital book sales, including strong performance from Rachel Reid’s Game Changers titles and strength in Christian Publishing, and a $28 million, or 1%, positive impact from foreign currency fluctuations. Adjusted Revenues increased 4% compared to the prior year.

Digital sales increased 4% compared to the prior year, representing 23% of consumer revenues for the year compared to 24% in the prior year. Backlist sales represented approximately 62% of consumer revenues for the year compared to 64% in the prior year.

Segment EBITDA for fiscal 2026 decreased $9 million, or 3%, from the prior year driven by higher costs due to higher sales volume, higher employee costs, a $16 million one-time write-off in the second quarter of fiscal 2026 primarily related to inventory at HarperCollins’ international operations and a $13 million write-off of a customer receivable related to the closure of a book distributor, partially offset by the higher revenues discussed above. Adjusted Segment EBITDA decreased 4%.

News Media

Fourth Quarter Segment Results

Revenues in the quarter increased $29 million, or 5%, compared to the prior year, primarily due to a $28 million, or 5%, positive impact from foreign currency fluctuations. Adjusted Revenues for the segment were flat compared to the prior year.

Circulation and subscription revenues increased $19 million, or 7%, compared to the prior year, due to a $13 million, or 5%, positive impact from foreign currency fluctuations, increased cover and subscription pricing and higher content licensing revenues, partially offset by print volume declines.

Advertising revenues decreased $1 million, compared to the prior year, primarily due to lower print advertising revenues, mostly offset by a $9 million, or 5%, positive impact from foreign currency fluctuations. Results also included a benefit at News Broadcasting related to the FIFA World Cup.

In the quarter, Segment EBITDA decreased $4 million, or 14%, compared to the prior year, driven by higher costs at News Broadcasting including for the FIFA World Cup and costs related to the recently launched California Post, partially offset by lower Talk costs. Adjusted Segment EBITDA decreased 18%.

Digital revenues represented 41% of News Media segment revenues in the quarter, compared to 38% in the prior year, and represented 39% of the combined revenues of the newspaper mastheads. Digital subscribers and users across key properties within the News Media segment are summarized below:

Closing digital subscribers at News Corp Australia as of June 30, 2026 were 1,162,000 (981,000 for news mastheads), compared to 1,166,000 (993,000 for news mastheads) in the prior year (Source: Internal data). The Times and Sunday Times closing digital subscribers, including the Times Literary Supplement, as of June 30, 2026 were 681,000, compared to 640,000 in the prior year (Source: Internal data). The Sun’s digital offering reached 65 million global monthly unique users in June 2026, compared to 87 million in the prior year (Source: Meta Pixel). New York Post’s digital network reached 77 million unique users in June 2026, compared to 90 million in the prior year (Source: Google Analytics). Full Year Segment Results

Fiscal 2026 full year revenues increased $57 million, or 3%, compared to the prior year, primarily driven by an $81 million, or 4%, positive impact from foreign currency fluctuations. Adjusted Revenues for the segment decreased 1% compared to the prior year.

Circulation and subscription revenues increased $57 million, or 5%, compared to the prior year, primarily due to a $43 million, or 4%, positive impact from foreign currency fluctuations, increased cover pricing, higher content licensing revenues and digital subscriber growth in the U.K., partially offset by print volume declines.

Advertising revenues decreased $16 million, or 2%, compared to the prior year, primarily due to lower print advertising revenues, partially offset by a $28 million, or 3% positive impact from foreign currency fluctuations.

Segment EBITDA for fiscal 2026 decreased $14 million, or 9%, compared to the prior year, primarily driven by costs related to the recently launched California Post and higher costs at News Broadcasting including for the FIFA World Cup, partially offset by lower Talk costs. Adjusted Segment EBITDA decreased 14% compared to the prior year.

CASH FLOW

The following table presents a reconciliation of net cash provided by operating activities from continuing operations to free cash flow:

For the fiscal years ended
June 30,

2026

2025

(in millions)

Net cash provided by operating activities from continuing operations

$

1,237

$

978

Less: Capital expenditures

(426

)

(407

)

Free cash flow

$

811

$

571

Net cash provided by operating activities from continuing operations of $1,237 million for the fiscal year ended June 30, 2026 was $259 million higher than net cash provided by operating activities from continuing operations of $978 million in the prior year, primarily due to higher Total Segment EBITDA and working capital improvements, partially offset by higher cash tax and restructuring payments.

Free cash flow in the fiscal year ended June 30, 2026 was $811 million compared to $571 million in the prior year. The increase in free cash flow was primarily due to higher cash provided by operating activities from continuing operations, as discussed above, partially offset by the $19 million increase in capital expenditures.

Free cash flow is a non-GAAP financial measure. Free cash flow is defined as net cash provided by (used in) operating activities from continuing operations, less capital expenditures. Free cash flow excludes cash flows from discontinued operations. Free cash flow may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what items should be included in the calculation of free cash flow.

Free cash flow does not represent the total increase or decrease in the cash balance for the period and should be considered in addition to, not as a substitute for, the net change in cash and cash equivalents as presented in the Company’s consolidated statements of cash flows prepared in accordance with GAAP, which incorporates all cash movements during the period.

The Company believes free cash flow provides useful information to management and investors about the Company’s liquidity and cash flow trends.

OTHER ITEMS

Dividends

The Company declared today a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. This dividend is payable on October 7, 2026 to stockholders of record as of September 9, 2026.

COMPARISON OF NON-GAAP TO U.S. GAAP INFORMATION

Adjusted Revenues, Total Segment EBITDA, Adjusted Total Segment EBITDA, Adjusted Segment EBITDA, adjusted net income attributable to News Corporation stockholders, Adjusted EPS, constant currency revenues and free cash flow are non-GAAP financial measures contained in this earnings release. The Company believes these measures are important tools for investors and analysts to use in assessing the Company’s underlying business performance and to provide for more meaningful comparisons of the Company’s operating performance between periods. These measures also allow investors and analysts to view the Company’s business from the same perspective as Company management. These non-GAAP measures may be different than similar measures used by other companies and should be considered in addition to, not as a substitute for, measures of financial performance calculated in accordance with GAAP. Reconciliations for the differences between non-GAAP measures used in this earnings release and comparable financial measures calculated in accordance with U.S. GAAP are included in Notes 1, 2, 3 and 4 and the reconciliation of net cash provided by operating activities from continuing operations to free cash flow is included above.

Conference call

News Corporation’s earnings conference call can be heard live at 5:00 p.m. EDT on August 5, 2026. To listen to the call, please visit http://investors.newscorp.com.

Cautionary Statement Concerning Forward-Looking Statements

This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding trends and uncertainties affecting the Company’s business, results of operations and financial condition, the Company’s strategy and strategic initiatives, including potential acquisitions, investments and dispositions, the Company’s cost savings initiatives and the outcome of contingencies such as litigation and investigations. These statements are based on management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to the risks, uncertainties and other factors described in the Company’s filings with the Securities and Exchange Commission. More detailed information about factors that could affect future results is contained in our filings with the Securities and Exchange Commission. The “forward-looking statements” included in this document are made only as of the date of this document and we do not have and do not undertake any obligation to publicly update any “forward-looking statements” to reflect subsequent events or circumstances, and we expressly disclaim any such obligation, except as required by law or regulation.

About News Corporation

News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: www.newscorp.com.

NEWS CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited; in millions, except per share amounts)

For the three months ended
June 30,

For the fiscal years ended
June 30,

2026

2025

2026

2025

Revenues:

Circulation and subscription

$

820

$

766

$

3,203

$

3,009

Advertising

363

353

1,391

1,367

Consumer

538

462

2,185

2,047

Real estate

435

358

1,571

1,410

Other

181

170

678

619

Total Revenues

2,337

2,109

9,028

8,452

Operating expenses

(991

)

(917

)

(3,892

)

(3,736

)

Selling, general and administrative

(923

)

(870

)

(3,509

)

(3,301

)

Depreciation and amortization

(128

)

(120

)

(485

)

(459

)

Impairment and restructuring charges

(46

)

(81

)

(113

)

(132

)

Equity losses of affiliates

(3

)

(4

)

(8

)

(15

)

Interest income, net

9

5

29

3

Other, net

23

10

(4

)

111

Income before income tax expense from continuing operations

278

132

1,046

923

Income tax expense from continuing operations

(48

)

(46

)

(303

)

(275

)

Net income from continuing operations

230

86

743

648

Net income from discontinued operations, net of tax

—

690

—

692

Net income

230

776

743

1,340

Net income attributable to noncontrolling interests from continuing operations

(51

)

(33

)

(170

)

(168

)

Net loss attributable to noncontrolling interests from discontinued operations

—

—

—

8

Net income attributable to News Corporation stockholders

$

179

$

743

$

573

$

1,180

Weighted-average shares outstanding

Basic

546.5

565.9

556.5

567.7

Diluted

548.9

568.6

558.4

569.9

Net income attributable to News Corporation stockholders per share:

Basic

Continuing operations

$

0.33

$

0.09

$

1.03

$

0.85

Discontinued operations

$

—

$

1.22

$

—

$

1.23

$

0.33

$

1.31

$

1.03

$

2.08

Diluted

Continuing operations

$

0.33

$

0.09

$

1.03

$

0.84

Discontinued operations

$

—

$

1.22

$

—

$

1.23

$

0.33

$

1.31

$

1.03

$

2.07

NEWS CORPORATION

CONSOLIDATED BALANCE SHEETS
(Unaudited; in millions)

As of June 30, 2026

As of June 30, 2025

ASSETS

Current assets:

Cash and cash equivalents

$

2,095

$

2,403

Receivables, net

1,757

1,562

Inventory, net

302

327

Other current assets

328

519

Total current assets

4,482

4,811

Non-current assets:

Investments

1,002

1,016

Property, plant and equipment, net

1,398

1,331

Operating lease right-of-use assets

754

789

Intangible assets, net

1,837

1,930

Goodwill

4,542

4,373

Deferred income tax assets, net

251

254

Other non-current assets

1,278

1,000

Total assets

$

15,544

$

15,504

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable

$

412

$

335

Accrued expenses

1,080

1,036

Deferred revenue

543

498

Current borrowings

—

25

Other current liabilities

726

714

Total current liabilities

2,761

2,608

Non-current liabilities:

Borrowings

1,989

1,937

Retirement benefit obligations

97

117

Deferred income tax liabilities, net

108

57

Operating lease liabilities

840

904

Other non-current liabilities

513

492

Commitments and contingencies

Equity:

Class A common stock

4

4

Class B common stock

2

2

Additional paid-in capital

10,380

11,058

Accumulated deficit

(312

)

(747

)

Accumulated other comprehensive loss

(1,548

)

(1,543

)

Total News Corporation stockholders' equity

8,526

8,774

Noncontrolling interests

710

615

Total equity

9,236

9,389

Total liabilities and equity

$

15,544

$

15,504

NEWS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited; in millions)

For the fiscal years ended
June 30,

2026

2025

Operating activities:

Net income

$

743

$

1,340

Net income from discontinued operations, net of tax

—

(692

)

Net income from continuing operations

743

648

Adjustments to reconcile net income from continuing operations to net cash provided by operating activities from continuing operations:

Depreciation and amortization

485

459

Operating lease expense

69

74

Equity losses of affiliates

8

15

Impairment charges

27

12

Deferred income taxes

41

83

Other, net

9

(107

)

Change in operating assets and liabilities, net of acquisitions:

Receivables and other assets

(237

)

(96

)

Inventories, net

33

(46

)

Accounts payable and other liabilities

59

(64

)

Net cash provided by operating activities from continuing operations

1,237

978

Investing activities:

Capital expenditures

(426

)

(407

)

Acquisitions, net of cash acquired

(122

)

(96

)

Purchases of investments in equity affiliates and other

(60

)

(154

)

Proceeds from sales of investments in equity affiliates and other

89

274

Other, net

(20

)

(23

)

Net cash used in investing activities from continuing operations

(539

)

(406

)

Financing activities:

Borrowings

125

61

Repayment of borrowings

(100

)

(203

)

Repurchase of News Corp shares

(641

)

(150

)

Repurchase of REA Group shares

(141

)

—

Dividends paid

(204

)

(185

)

Other, net

(53

)

(47

)

Net cash used in financing activities from continuing operations

(1,014

)

(524

)

Cash flows from discontinued operations:

Net cash (used in) provided by operating activities from discontinued operations

(6

)

156

Net cash provided by investing activities from discontinued operations

—

253

Net cash used in financing activities from discontinued operations

—

(39

)

Net cash (used in) provided by discontinued operations

(6

)

370

Net change in cash and cash equivalents, including discontinued operations

(322

)

418

Effect of exchange rate changes on cash and cash equivalents, including discontinued operations

14

25

Cash and cash equivalents, including discontinued operations, beginning of year

2,403

1,960

Cash and cash equivalents, including discontinued operations, end of year

2,095

2,403

Less: Cash and cash equivalents at end of period of discontinued operations

—

—

Cash and cash equivalents

$

2,095

$

2,403

NOTE 1 – TOTAL SEGMENT EBITDA

Segment EBITDA is defined as revenues less operating expenses and selling, general and administrative expenses. Segment EBITDA does not include: depreciation and amortization, impairment and restructuring charges, equity losses of affiliates, interest (expense) income, net, other, net, income tax (expense) benefit and net income (loss) from discontinued operations, net of tax. Management believes that Segment EBITDA is an appropriate measure for evaluating the operating performance of the Company’s business segments because it is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of and allocate resources within the Company’s businesses. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences).

Total Segment EBITDA is a non-GAAP measure and should be considered in addition to, not as a substitute for, net income (loss) from continuing operations, cash flow from continuing operations and other measures of financial performance reported in accordance with GAAP. In addition, this measure does not reflect cash available to fund requirements and excludes items, such as depreciation and amortization and impairment and restructuring charges, which are significant components in assessing the Company’s financial performance. The Company believes that the presentation of Total Segment EBITDA provides useful information regarding the Company’s operations and other factors that affect the Company’s reported results. Specifically, the Company believes that by excluding certain one-time or non-cash items such as impairment and restructuring charges and depreciation and amortization, as well as potential distortions between periods caused by factors such as financing and capital structures and changes in tax positions or regimes, the Company provides users of its consolidated financial statements with insight into both its core operations as well as the factors that affect reported results between periods but which the Company believes are not representative of its core business. As a result, users of the Company’s consolidated financial statements are better able to evaluate changes in the core operating results of the Company across different periods. The following tables reconcile net income from continuing operations to Total Segment EBITDA for the three months and fiscal years ended June 30, 2026 and 2025:

For the three months ended June 30,

2026

2025

Change

% Change

(in millions)

Net income from continuing operations

230

86

144

167

%

Reconciling items:

Income tax expense from continuing operations

48

46

2

4

%

Other, net

(23

)

(10

)

(13

)

(130

)%

Interest income, net

(9

)

(5

)

(4

)

(80

)%

Equity losses of affiliates

3

4

(1

)

(25

)%

Impairment and restructuring charges

46

81

(35

)

(43

)%

Depreciation and amortization

128

120

8

7

%

Total Segment EBITDA

$

423

$

322

$

101

31

%

For the fiscal years ended June 30,

2026

2025

Change

% Change

(in millions)

Net income from continuing operations

743

648

95

15

%

Reconciling items:

Income tax expense from continuing operations

303

275

28

10

%

Other, net

4

(111

)

115

**

Interest income, net

(29

)

(3

)

(26

)

(867

)%

Equity losses of affiliates

8

15

(7

)

(47

)%

Impairment and restructuring charges

113

132

(19

)

(14

)%

Depreciation and amortization

485

459

26

6

%

Total Segment EBITDA

$

1,627

$

1,415

$

212

15

%

** Not meaningful

NOTE 2 – ADJUSTED REVENUES, ADJUSTED TOTAL SEGMENT EBITDA AND ADJUSTED SEGMENT EBITDA

The Company uses revenues, Total Segment EBITDA and Segment EBITDA excluding the impact of acquisitions, divestitures, fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World (the “U.K. Newspaper Matters”), charges for other significant, non-ordinary course legal or regulatory matters (“litigation charges”) and foreign currency fluctuations (“Adjusted Revenues,” “Adjusted Total Segment EBITDA” and “Adjusted Segment EBITDA,” respectively) to evaluate the performance of the Company’s core business operations exclusive of certain items that impact the comparability of results from period to period such as the unpredictability and volatility of currency fluctuations. The Company calculates the impact of foreign currency fluctuations for businesses reporting in currencies other than the U.S. dollar by multiplying the results for each quarter in the current period by the difference between the average exchange rate for that quarter and the average exchange rate in effect during the corresponding quarter of the prior year and totaling the impact for all quarters in the current period.

The calculation of Adjusted Revenues, Adjusted Total Segment EBITDA and Adjusted Segment EBITDA may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what type of events warrant adjustment. Adjusted Revenues, Adjusted Total Segment EBITDA and Adjusted Segment EBITDA are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for amounts determined under GAAP as measures of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors.

The following tables reconcile reported revenues and reported Total Segment EBITDA to Adjusted Revenues and Adjusted Total Segment EBITDA for the three months and fiscal years ended June 30, 2026 and 2025:

Revenues

Total Segment EBITDA

For the three months ended June 30,

For the three months ended June 30,

2026

2025

Difference

2026

2025

Difference

(in millions)

(in millions)

As reported

$

2,337

$

2,109

$

228

$

423

$

322

$

101

Impact of acquisitions

(13

)

—

(13

)

—

—

—

Impact of divestitures

—

(4

)

4

—

(1

)

1

Impact of foreign currency fluctuations

(71

)

—

(71

)

(23

)

—

(23

)

Net impact of U.K. Newspaper Matters

—

—

—

—

(1

)

1

As adjusted

$

2,253

$

2,105

$

148

$

400

$

320

$

80

Revenues

Total Segment EBITDA

For the fiscal years ended June 30,

For the fiscal years ended June 30,

2026

2025

Difference

2026

2025

Difference

(in millions)

(in millions)

As reported

$

9,028

$

8,452

$

576

$

1,627

$

1,415

$

212

Impact of acquisitions

(65

)

—

(65

)

9

—

9

Impact of divestitures

(3

)

(19

)

16

1

2

(1

)

Impact of foreign currency fluctuations

(189

)

—

(189

)

(43

)

—

(43

)

Net impact of U.K. Newspaper Matters

—

—

—

1

9

(8

)

As adjusted

$

8,771

$

8,433

$

338

$

1,595

$

1,426

$

169

Foreign Exchange Rates

Average foreign exchange rates used in the calculation of the impact of foreign currency fluctuations for the three months and fiscal years ended June 30, 2026 and 2025 are as follows:

Fiscal Year 2026

Q1

Q2

Q3

Q4

U.S. Dollar per Australian Dollar

$0.65

$0.66

$0.69

$0.71

U.S. Dollar per British Pound Sterling

$1.35

$1.33

$1.35

$1.34

Fiscal Year 2025

Q1

Q2

Q3

Q4

U.S. Dollar per Australian Dollar

$0.67

$0.65

$0.63

$0.64

U.S. Dollar per British Pound Sterling

$1.30

$1.28

$1.26

$1.33

Adjusted Revenues and Adjusted Segment EBITDA by segment for the three months and fiscal years ended June 30, 2026 and 2025 are as follows:

For the three months ended June 30,

2026

2025

% Change

(in millions)

Better/(Worse)

Adjusted Revenues:

Dow Jones

$

640

$

604

6

%

Digital Real Estate Services

507

463

10

%

Book Publishing

560

494

13

%

News Media

546

544

—

%

Other

—

—

—

%

Adjusted Total Revenues

$

2,253

$

2,105

7

%

Adjusted Segment EBITDA:

Dow Jones

$

181

$

151

20

%

Digital Real Estate Services

201

151

33

%

Book Publishing

56

50

12

%

News Media

23

28

(18

)%

Other

(61

)

(60

)

(2

)%

Adjusted Total Segment EBITDA

$

400

$

320

25

%

For the fiscal years ended June 30,

2026

2025

% Change

(in millions)

Better/(Worse)

Adjusted Revenues:

Dow Jones

$

2,463

$

2,331

6

%

Digital Real Estate Services

1,935

1,793

8

%

Book Publishing

2,229

2,149

4

%

News Media

2,144

2,160

(1

)%

Other

—

—

—

%

Adjusted Total Revenues

$

8,771

$

8,433

4

%

Adjusted Segment EBITDA:

Dow Jones

$

664

$

588

13

%

Digital Real Estate Services

716

601

19

%

Book Publishing

284

296

(4

)%

News Media

133

155

(14

)%

Other

(202

)

(214

)

6

%

Adjusted Total Segment EBITDA

$

1,595

$

1,426

12

%

The following tables reconcile reported revenues and Segment EBITDA by segment to Adjusted Revenues and Adjusted Segment EBITDA by segment for the three months and fiscal years ended June 30, 2026 and 2025:

For the three months ended June 30, 2026

As Reported

Impact of Acquisitions

Impact of Divestitures

Impact of Foreign Currency Fluctuations

Net Impact of U.K. Newspaper Matters

As Adjusted

(in millions)

Revenues:

Dow Jones

$

644

$

(2

)

$

—

$

(2

)

$

—

$

640

Digital Real Estate Services

553

(8

)

—

(38

)

—

507

Book Publishing

566

(3

)

—

(3

)

—

560

News Media

574

—

—

(28

)

—

546

Other

—

—

—

—

—

—

Total Revenues

$

2,337

$

(13

)

$

—

$

(71

)

$

—

$

2,253

Segment EBITDA:

Dow Jones

$

181

$

—

$

—

$

—

$

—

$

181

Digital Real Estate Services

222

—

—

(21

)

—

201

Book Publishing

57

—

—

(1

)

—

56

News Media

24

—

—

(1

)

—

23

Other

(61

)

—

—

—

—

(61

)

Total Segment EBITDA

$

423

$

—

$

—

$

(23

)

$

—

$

400

For the three months ended June 30, 2025

As Reported

Impact of Acquisitions

Impact of Divestitures

Impact of Foreign Currency Fluctuations

Net Impact of U.K. Newspaper Matters

As Adjusted

(in millions)

Revenues:

Dow Jones

$

604

$

—

$

—

$

—

$

—

$

604

Digital Real Estate Services

466

—

(3

)

—

—

463

Book Publishing

494

—

—

—

—

494

News Media

545

—

(1

)

—

—

544

Other

—

—

—

—

—

—

Total Revenues

$

2,109

$

—

$

(4

)

$

—

$

—

$

2,105

Segment EBITDA:

Dow Jones

$

151

$

—

$

—

$

—

$

—

$

151

Digital Real Estate Services

152

—

(1

)

—

—

151

Book Publishing

50

—

—

—

—

50

News Media

28

—

—

—

—

28

Other

(59

)

—

—

—

(1

)

(60

)

Total Segment EBITDA

$

322

$

—

$

(1

)

$

—

$

(1

)

$

320

For the fiscal year ended June 30, 2026

As Reported

Impact of Acquisitions

Impact of Divestitures

Impact of Foreign Currency Fluctuations

Net Impact of U.K. Newspaper Matters

As Adjusted

(in millions)

Revenues:

Dow Jones

$

2,497

$

(17

)

$

—

$

(17

)

$

—

$

2,463

Digital Real Estate Services

2,016

(17

)

(1

)

(63

)

—

1,935

Book Publishing

2,288

(31

)

—

(28

)

—

2,229

News Media

2,227

—

(2

)

(81

)

—

2,144

Other

—

—

—

—

—

—

Total Revenues

$

9,028

$

(65

)

$

(3

)

$

(189

)

$

—

$

8,771

Segment EBITDA:

Dow Jones

$

663

$

2

$

—

$

(1

)

$

—

$

664

Digital Real Estate Services

741

6

1

(32

)

—

716

Book Publishing

287

1

—

(4

)

—

284

News Media

139

—

—

(6

)

—

133

Other

(203

)

—

—

—

1

(202

)

Total Segment EBITDA

$

1,627

$

9

$

1

$

(43

)

$

1

$

1,595

For the fiscal year ended June 30, 2025

As Reported

Impact of Acquisitions

Impact of Divestitures

Impact of Foreign Currency Fluctuations

Net Impact of U.K. Newspaper Matters

As Adjusted

(in millions)

Revenues:

Dow Jones

$

2,331

$

—

$

—

$

—

$

—

$

2,331

Digital Real Estate Services

1,802

—

(9

)

—

—

1,793

Book Publishing

2,149

—

—

—

—

2,149

News Media

2,170

—

(10

)

—

—

2,160

Other

—

—

—

—

—

—

Total Revenues

$

8,452

$

—

$

(19

)

$

—

$

—

$

8,433

Segment EBITDA:

Dow Jones

$

588

$

—

$

—

$

—

$

—

$

588

Digital Real Estate Services

601

—

—

—

—

601

Book Publishing

296

—

—

—

—

296

News Media

153

—

2

—

—

155

Other

(223

)

—

—

—

9

(214

)

Total Segment EBITDA

$

1,415

$

—

$

2

$

—

$

9

$

1,426

NOTE 3 – ADJUSTED NET INCOME (LOSS) ATTRIBUTABLE TO NEWS CORPORATION STOCKHOLDERS AND ADJUSTED EPS

The Company uses net income (loss) attributable to News Corporation stockholders from continuing operations and diluted earnings per share from continuing operations (“EPS”) excluding expenses related to U.K. Newspaper Matters, litigation charges, impairment and restructuring charges and “Other, net”, net of tax, recognized by the Company or its equity method investees, as well as the settlement of certain pre-Separation tax matters (“adjusted net income (loss) attributable to News Corporation stockholders” and “adjusted EPS,” respectively), to evaluate the performance of the Company’s operations exclusive of certain items that impact the comparability of results from period to period, as well as certain non-operational items. The calculation of adjusted net income (loss) attributable to News Corporation stockholders and adjusted EPS may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what type of events warrant adjustment. Adjusted net income (loss) attributable to News Corporation stockholders and adjusted EPS are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for consolidated net income (loss) attributable to News Corporation stockholders from continuing operations and net income (loss) per share from continuing operations as determined under GAAP as a measure of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors.

The following tables reconcile reported net income attributable to News Corporation stockholders from continuing operations and reported diluted EPS to adjusted net income attributable to News Corporation stockholders and adjusted EPS for the three months and fiscal years ended June 30, 2026 and 2025:

For the three months ended June 30, 2026

For the three months ended June 30, 2025

(in millions, except per share data)

Net income attributable to stockholders

EPS

Net income attributable to stockholders

EPS

Net income from continuing operations

$

230

$

86

Less: Net income attributable to noncontrolling interests from continuing operations

(51

)

(33

)

Net income attributable to News Corporation stockholders from continuing operations

$

179

$

0.33

$

53

$

0.09

U.K. Newspaper Matters

—

—

(1

)

—

Impairment and restructuring charges

46

0.08

81

0.14

Other-than-temporary impairments of equity method investments

1

—

4

0.01

Other, net

(23

)

(0.04

)

(10

)

(0.02

)

Tax impact on items above

(9

)

(0.02

)

(17

)

(0.03

)

Impact of noncontrolling interest on items above

—

—

(4

)

—

As adjusted

$

194

$

0.35

$

106

$

0.19

For the fiscal year ended June 30, 2026

For the fiscal year ended June 30, 2025

(in millions, except per share data)

Net income attributable to stockholders

EPS

Net income attributable to stockholders

EPS

Net income from continuing operations

$

743

$

648

Less: Net income attributable to noncontrolling interests from continuing operations

(170

)

(168

)

Net income attributable to News Corporation stockholders from continuing operations

$

573

$

1.03

$

480

$

0.84

U.K. Newspaper Matters

1

—

9

0.02

Impairment and restructuring charges

113

0.20

132

0.23

Other-than-temporary impairments of equity method investments

1

—

4

0.01

Other, net

4

0.01

(111

)

(0.19

)

Tax impact on items above

(31

)

(0.06

)

(35

)

(0.06

)

Impact of noncontrolling interest on items above

—

—

31

0.04

As adjusted

$

661

$

1.18

$

510

$

0.89

NOTE 4 – CONSTANT CURRENCY REVENUES

The Company believes that the presentation of revenues excluding the impact of foreign currency fluctuations (“constant currency revenues”) provides useful information regarding the performance of the Company’s core business operations exclusive of distortions between periods caused by the unpredictability and volatility of currency fluctuations. The Company calculates the impact of foreign currency fluctuations for businesses reporting in currencies other than the U.S. dollar as described in Note 2.

Constant currency revenues are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for revenues as determined under GAAP as measures of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors.

The following tables reconcile reported revenues to constant currency revenues for the three months and fiscal years ended June 30, 2026:

Q4 Fiscal 2025

Q4 Fiscal 2026

FX impact

Q4 Fiscal 2026 constant currency

% Change - reported

% Change - constant currency

($ in millions)

Better/(Worse)

Consolidated results:

Circulation and subscription

$

766

$

820

$

15

$

805

7

%

5

%

Advertising

353

363

10

353

3

%

—

%

Consumer

462

538

3

535

16

%

16

%

Real estate

358

435

30

405

22

%

13

%

Other

170

181

13

168

6

%

(1

)%

Total revenues

$

2,109

$

2,337

$

71

$

2,266

11

%

7

%

Dow Jones:

Circulation and subscription

$

486

$

521

$

2

$

519

7

%

7

%

Advertising

104

109

—

109

5

%

5

%

Other

14

14

—

14

—

%

—

%

Total Dow Jones segment revenues

$

604

$

644

$

2

$

642

7

%

6

%

Digital Real Estate Services:

Circulation and subscription

$

2

$

2

$

—

$

2

—

%

—

%

Advertising

42

48

1

47

14

%

12

%

Real estate

358

435

30

405

22

%

13

%

Other

64

68

7

61

6

%

(5

)%

Total Digital Real Estate Services segment revenues

$

466

$

553

$

38

$

515

19

%

11

%

REA Group revenues

$

318

$

386

$

38

$

348

21

%

9

%

Q4 Fiscal 2025

Q4 Fiscal 2026

FX impact

Q4 Fiscal 2026 constant currency

% Change - reported

% Change - constant currency

($ in millions)

Better/(Worse)

Book Publishing:

Consumer

$

462

$

538

$

3

$

535

16

%

16

%

Other

32

28

—

28

(13

)%

(13

)%

Total Book Publishing segment revenues

$

494

$

566

$

3

$

563

15

%

14

%

News Media:

Circulation and subscription

$

278

$

297

$

13

$

284

7

%

2

%

Advertising

207

206

9

197

—

%

(5

)%

Other

60

71

6

65

18

%

8

%

Total News Media segment revenues

$

545

$

574

$

28

$

546

5

%

—

%

Fiscal 2025

Fiscal 2026

FX impact

Fiscal 2026 constant currency

% Change - reported

% Change - constant currency

($ in millions)

Better/(Worse)

Consolidated results:

Circulation and subscription

$

3,009

$

3,203

$

60

$

3,143

6

%

4

%

Advertising

1,367

1,391

30

1,361

2

%

—

%

Consumer

2,047

2,185

28

2,157

7

%

5

%

Real estate

1,410

1,571

49

1,522

11

%

8

%

Other

619

678

22

656

10

%

6

%

Total revenues

$

8,452

$

9,028

$

189

$

8,839

7

%

5

%

Dow Jones:

Circulation and subscription

$

1,884

$

2,020

$

17

$

2,003

7

%

6

%

Advertising

396

418

—

$

418

6

%

6

%

Other

51

59

—

$

59

16

%

16

%

Total Dow Jones segment revenues

$

2,331

$

2,497

$

17

$

2,480

7

%

6

%

Digital Real Estate Services:

Circulation and subscription

$

7

$

8

$

—

$

8

14

%

14

%

Advertising

151

169

2

$

167

12

%

11

%

Real estate

1,410

1,571

49

$

1,522

11

%

8

%

Other

234

268

12

$

256

15

%

9

%

Total Digital Real Estate Services segment revenues

$

1,802

$

2,016

$

63

$

1,953

12

%

8

%

REA Group revenues

$

1,250

$

1,406

$

63

$

1,343

12

%

7

%

Book Publishing:

Consumer

2,047

2,185

28

$

2,157

7

%

5

%

Other

102

103

—

$

103

1

%

1

%

Total Book Publishing segment revenues

$

2,149

$

2,288

$

28

$

2,260

6

%

5

%

News Media:

Circulation and subscription

$

1,118

$

1,175

$

43

$

1,132

5

%

1

%

Advertising

820

804

28

$

776

(2

)%

(5

)%

Other

232

248

10

$

238

7

%

3

%

Total News Media segment revenues

$

2,170

$

2,227

$

81

$

2,146

3

%

(1

)%

Original source text

Digital-only subscriptions to The Wall Street Journal averaged nearly 4.5 million in the quarter, compared with 4.33 million in the prior quarter.

Original source text

NeogenÂ Corporation (NASDAQ: NEOG), an innovative leader in food safety solutions, announced its financial results for the fiscal fourth quarter and full fisca

Original source text

Lower Asking Rents Offer Some Relief, Though Many Class of 2026 Graduates Still Face Affordability Challenges in Realtor.com®'s Q2 2026 Los Angeles Rental Report

, /PRNewswire/ -- This year's college graduates heading to Los Angeles County are entering a rental market that's more affordable than it has been in years, but housing costs remain high for many just starting their careers. The median asking rent fell to $2,603 in the second quarter of 2026, down $91, or 3.4%, from a year earlier and the lowest level since the end of 2021, according to the Q2 2026 Los Angeles County Rental Report from Realtor.com®.

While Los Angeles renters are catching a break, rents are moving the opposite direction on the other coast. New York City rents climbed to $3,707 in the second quarter, the highest level Realtor.com® has recorded since it began tracking the market in 2019, with Manhattan rents up 9.0% year over year. For this year's graduates, the gap is stark: based on each market's typical new Computer Science graduate's salary and local studio rent, a studio in Los Angeles County would consume 25.7% of a graduate's salary, compared with 38.2% in New York City.

Even with rents easing in Los Angeles, a typical studio apartment would consume 30.4% of a Business graduate's salary, 31.6% of a Social Science graduate's salary and 32.8% of a Communications graduate's salary.

By comparison, the national rental market presents a more manageable affordability picture for new graduates. Across the nation's 50 largest metros, the median asking rent for a studio apartment would consume just 20.9% of a Computer Science graduate's projected national average starting salary, 24.8% of a Business graduate's salary, 25.8% of a Social Science graduate's salary and 26.8% of a Communications graduate's salary.

"Los Angeles renters are finally seeing meaningful relief after several years of exceptionally high rents, but lower asking rents don't necessarily make housing affordable for recent graduates," said Jiayi Xu, economist at Realtor.com®. "Even with recent declines, many new graduates will still spend around or more than the recommended 30% of their income on rent. While conditions are improving, entry-level workers in many fields continue to face difficult housing tradeoffs."

Studio Rent as a Share of Class of 2026 Graduate Salary, 2026 Q2

Market

Median
Asking Rent,
Studio

Computer
Grad Salary
Share

Business
Grad Salary
Share

Social Science
Grad Salary
Share

Communications
Grad Salary Share

Los Angeles
County

$2,004

25.7 %

30.4 %

31.6 %

32.8 %

Top 50 U.S.
Metros

$1,422

20.9 %

24.8 %

25.8 %

26.8 %

Using Class of 2026 salary projections from the National Association of Colleges and Employers, adjusted with a 15% geographic premium to reflect Los Angeles wage levels, Realtor.com® estimates a Computer Science graduate would earn roughly $94,000, a Business graduate $79,000, a Social Science graduate $76,000 and a Communications graduate $73,000 annually in Los Angeles County.

New Supply Eases Rent Pressure for Graduates
The lower rents facing this year's graduates reflect a market that has steadily cooled over the past several years. After rebounding quickly from pandemic-era declines and peaking during the summer of 2022, Los Angeles County rents have softened as a wave of new multifamily construction has added inventory to the market.

The median asking rent now sits 9.6% below its 2022 peak, representing a monthly savings of $276 for the typical renter compared with peak pricing.

Much of that relief has been concentrated among smaller apartments, where recent graduates are most likely to begin their housing search. The median asking rent for units with zero to two bedrooms declined 3.6% year over year to $2,255, while rents for larger three-plus bedroom units fell 3.0% to $3,441.

A surge in accessory dwelling unit (ADU) construction and multifamily development over the past several years has likely increased the availability of smaller rental units, helping ease price pressure for renters seeking more affordable options.

"The increase in rental supply is giving Los Angeles renters more options, especially those looking for smaller, entry-level units," said Xu. "For recent graduates entering the market, that added supply can create more opportunities to find housing at a time when affordability remains a major consideration."

Los Angeles County Rents by Unit Size, 2026 Q2

Unit Size

Median Asking Rent

Rent YoY

Rent Change from Peak

Overall

$2,603

-3.4 %

-9.6 %

0-2 beds

$2,255

-3.6 %

-11.8 %

3+ beds

$3,441

-3.0 %

-15.5 %

City of Los Angeles Rents Remain Elevated Despite Cooling Market
Within the City of Los Angeles, the median asking rent fell to $2,742 in the second quarter, down 2.0% from one year earlier. While rents have steadily moderated since reaching a peak in 2022, they remain 3.8% above pre-pandemic levels.

Even so, affording the typical rental while following the standard 30% income guideline requires an annual household income of roughly $109,680, about 23.6% higher than the city's estimated median household income.

Most Renters Are Staying Close to Home
Los Angeles County continues to draw renters primarily from within the region. During the second quarter, 58.1% of online traffic to Los Angeles County rental listings originated from within the county itself, while another 18.4% came from elsewhere in California. Out-of-state renters accounted for 18.9% of listing traffic, while international users represented 4.5%.

Methodology
Los Angeles County rental data are based on all units advertised for rent on Realtor.com® during 2026 Q2. Rental units include apartments as well as private rentals, including condominiums, townhomes, and single-family homes. Realtor.com® uses rental sources that reliably report listing data each month throughout Los Angeles County. Quarterly median asking rents are calculated by averaging the monthly median asking rents for each of the three months in the quarter.

About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media contact: Janice McDill, [email protected]

SOURCE Realtor.com

Original source text

Manhattan Rents Are Up 9.0% as All Four Boroughs Post Increases in Realtor.com®'s Q2 2026 NYC Rental Report

, /PRNewswire/ -- This year's college graduates heading to New York City for work are looking at the most expensive rental market the city has posted since Realtor.com® began tracking in 2019. The median asking rent climbed to $3,707 in the second quarter of 2026, up $164, or 4.6%, year over year. A studio apartment alone would consume 38.2% of a typical Computer Science graduate's starting New York City salary and 45.2% of a Business graduate's, according to the Q2 2026 NYC Rental Report from Realtor.com®.

Nationally, the math is far less punishing for new grads. Measuring the class of 2026 national salary against the median asking rent for a studio, a typical studio across the 50 largest U.S. metros would consume just 20.9% of a Computer Science graduate's salary and 24.8% of a Business graduate's, roughly half the share required in New York City.

"For new graduates entering the New York City rental market this summer, the affordability math is tougher than it's been in years," said Jiayi Xu, economist at Realtor.com®. "Smaller units are in stronger demand, and that's pushing prices up fastest for the very apartments recent grads are most likely able to choose."

Studio Rent as a Share of Class of 2026 Graduate Salary, 2026 Q2

Market

Median Asking
Rent, Studio

Computer Grad Salary
Share

Business Grad Salary
Share

New York City

$3,116

38.2 %

45.2 %

Top 50 U.S. Metros

$1,422

20.9 %

24.8 %

Using Class of 2026 salary projections from the National Association of Colleges and Employers, adjusted with a 20% geographic premium to reflect New York City wage levels, Realtor.com® estimates a Computer Science graduate would earn about $98,000 in the city and a Business graduate about $83,000.

A Market Already Stretched Before Grads Arrive
The rent grads are facing reflects a broader run-up already underway across the city. New York City rents now sit 30.5% above pre-pandemic levels, compared with a 16.4% gain nationally over the same span. The city saw some of the steepest rent declines of any major metro early in the COVID-19 pandemic, but its median asking rent rebounded to pre-pandemic levels by spring 2022 and has climbed every year since.

That pressure is concentrated at the entry level of the market, the same segment new grads and young professionals are competing in. The median asking rent for units with zero to two bedrooms rose 7.3% year over year to $3,544 in the second quarter, while rent for larger three-plus bedroom units fell 0.6% to $4,886. The divergence suggests renters are competing hardest for compact, more affordable apartments, while fewer households are moving up to larger, pricier units, a pattern that often emerges when high housing costs push renters to double up or delay a move rather than expand their space.

New York City Rents by Unit Size, 2026 Q2

Unit Size

Median Asking Rent

Rent YoY

Rent Change – 7 years

Overall

$3,707

4.6 %

30.5 %

0-2 beds

$3,544

7.3 %

34.9 %

3+ beds

$4,886

-0.6 %

27.2 %

Manhattan Leads Gains as Every Borough Rises
All four boroughs posted year-over-year rent increases in the second quarter. Manhattan led with a 9.0% jump to $5,117, followed by Brooklyn at 5.9% to $4,054, Queens at 5.6% to $3,561, and the Bronx at 0.9% to $3,171. To afford a typical rental while following the standard 30% income guideline, a household would need to earn $204,680 a year in Manhattan, $162,160 in Brooklyn, $142,440 in Queens, and $126,840 in the Bronx.

New York City Rents by Borough, 2026Q2

Borough

Median Asking
Rent

Rent YoY

Rent Change –7 years

Annual Income
Required (30%)

Manhattan

$5,117

9.0 %

23.7 %

$204,680

Brooklyn

$4,054

5.9 %

48.1 %

$162,160

Queens

$3,561

5.6 %

49.2 %

$142,440,

The Bronx

$3,171

0.9 %

65.6 %

$126,840

"Every corner of the city saw rents move higher this quarter, from Manhattan's high end all the way down to the Bronx," said Xu. "That kind of broad-based increase makes it hard for any renter, not just this year's graduates, to find a foothold right now."

Whether that pressure eases will depend on how much new supply reaches the market ahead of next year's leasing season, and whether smaller, entry-level units keep absorbing the bulk of renter demand.

Methodology
New York City rental data as of 2026Q2 for all units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We include rental sources that reliably report data each month within New York City and each of its boroughs. To calculate the median asking rent for each quarter, we first obtain the median asking rent for each month within that quarter and then take the average of the three months. Data for Staten Island is currently under review.

About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media contact: Emily Do, [email protected]

SOURCE Realtor.com

Original source text

News Corp's CEO Robert Thomson attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2026. REUTERS/Brendan... Purchase Licensing Rights, opens new tab Read more

SummaryCompaniesNews Corp says Brave's "theft" hurts publishers, journalismBrave earlier sued News Corp, accusing it of threatening AI advancesPublishers, tech companies battle over use of copyrighted content for AIBrave not immediately available for commentJuly 21 (Reuters) - News Corp (NWSA.O), opens new tab, facing a lawsuit by search engine Brave Software, has filed a countersuit accusing it ‌of "flagrant theft" in distributing and selling versions of articles from the Wall Street Journal and New York Post to AI companies.

Brave had last year preemptively sued the media giant, seeking a court declaration that its practices were legal. It sued after receiving a cease-and-desist letter from News Corp, which is led by the family of Rupert Murdoch.

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In a Tuesday filing in the Oakland, California, federal court, News Corp said Brave's unauthorized "covert ⁠scraping" and resale of its copyrighted articles fall "nowhere near the bounds" of legally acceptable conduct known as fair use.

"The more content Brave copies and sells, the more revenue it generates, and the less incentive AI companies have to negotiate licenses with the publishers who produced the content," the lawsuit said. "Brave profits while publishers are cut out."

News Corp is seeking an injunction and unspecified monetary damages, plus damages of up to $150,000 per infringement.

Brave and its lawyers did not immediately respond to requests for comment outside business hours.

The competing lawsuits are part of a wave of litigation pitting publishers against technology companies that want to use copyrighted content to support AI.

BRAVE ACCUSED NEWS CORP OF DISRUPTING AIBrave sued ‌News Corp ⁠in March 2025, seeking a court declaration that bundling copyrighted articles that can be licensed and sold is not copyright infringement.

It filed a revised complaint in May 2026, following what News Corp called failed negotiations for a "fair, market-based agreement."

Brave has argued that its indexing of News Corp content to make it searchable, and providing users with snippets and "high-level summaries" of that content, amounted ⁠to fair use.

The San Francisco-based company also accused News Corp of threatening to disrupt advances in generative AI, which it said many consider "the most important innovation so far this century."

BRAVE ACCUSED OF 'TACKY TECH TRAFFICKING'News Corp Chief Executive Robert Thomson said in a statement ⁠that Brave's looting of his company's content reflected "blatant disregard" for the damage to how information is disseminated.

"This era of tacky tech trafficking must come to an end if journalism is to have a sustainable future," Thomson said.

Brave ⁠has said it is the smallest of the three U.S.-based companies to operate independent search engines "at scale."

Google (GOOGL.O), opens new tab dominates that market, followed by Microsoft (MSFT.O), opens new tab, which operates Bing.

The New York Post, Dow Jones and News Corp's British and Australian operations are also defendants in Brave's lawsuit.

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NEW YORK--(BUSINESS WIRE)--News Corp will release its fourth quarter and full year Fiscal 2026 results on Wednesday, August 5, 2026. News Corp Chief Executive Robert Thomson and Chief Financial Officer Lavanya Chandrashekar will discuss the results via a live audio webcast at 5:00 p.m. EDT (Sydney: August 6, at 7:00 a.m. AEST). To listen to the webcast, please register using the following link: https://newscorp-q4fy2026-earnings-call.open-exchange.net/registration A live audio webcast of the ca.

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Staten Island, New York, July 20, 2026 (GLOBE NEWSWIRE) -- The Tunnel to Towers Foundation announced today that its Chairman and CEO, Frank Siller, will publish his memoir, Let Us Do Good , on September 1, 2026, from Broadside Books, an imprint of HarperCollins. The book takes its title from the words the Siller family has lived by for generations.

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It Now Takes a $78,000 Income to Buy a Starter Home, Up From $43,000 in 2019, According to a New Report from Realtor.com®

, /PRNewswire/ -- The national starter home shortage that peaked in 2022 is beginning to ease, but a new Realtor.com® report finds the recovery is anything but even. Nationally, there are roughly 300,000 fewer homes priced under $350,000 on the market today than in June 2019, and the typical starter home now costs $344,000, up from $256,000 seven years ago.

Entry-level buyers in the South and West are seeing more affordable listings and softening prices, while buyers in the Northeast face a market that keeps getting tighter. Starter home prices there have climbed 12.6% since 2022 alone and now sit nearly 50% above pre-pandemic levels, according to the report released today.

"The starter home story looks completely different depending on where you're standing," said Hannah Jones, senior economist at Realtor.com®. "In the South and West, builders spent the last few years chasing demand at the entry level, and buyers there are actually seeing more choices and better prices than they had two years ago. In the Northeast, that construction response never happened — prices kept climbing even as the rest of the housing market cooled. That divergence is exactly why the recovery feels so different depending on where you live."

The Starter Home Squeeze, By the Numbers

In June 2019, 55.1% of active listings nationally were priced under $350,000. Today that figure has fallen to 37.6%. The squeeze has hit the smallest homes hardest: two- and three-bedroom listings have risen 44.5% and 41.0% in price since 2019, outpacing 36.9% and 34.0% gains for four- and five-plus-bedroom homes.

Affordability has eroded even faster than prices alone suggest. Today's typical starter home requires a recommended minimum household income of roughly $78,000, up from just $43,000 in 2019 — an increase of more than 80%. Median household income, by comparison, has risen 28.3% over the same period, from about $69,000 to $88,100.

There are, however, signs of relief. Inventory priced under $350,000 has grown by 220,000 homes since the 2022 trough, and the affordable share of listings is up 1.6 percentage points from a year ago.

"Higher rates have kept homeowners stuck in place, but we're finally seeing cracks in the lock-in effect. Every year, more owners hit a life event — a new job, a divorce, a retirement — that forces a move regardless of their mortgage rate, and that's slowly working supply back into the market," said Jones.

Four Regions, Four Different Markets

The regional divergence is the starkest finding in the report. Starter home price thresholds have fallen since 2022 in the South and West, even as they continue to climb in the Midwest and Northeast.

Region

2019

2022 Peak

2026

Since 2022

South

$237K

$323K

$311K

▼ 3.5%

West

$368K

$518K

$480K

▼ 7.3%

Midwest

$192K

$240K

$264K

▲ 10.0%

Northeast

$296K

$394K

$444K

▲ 12.6%

The South has turned the clearest corner of any region: a construction boom in Texas, Florida, and the Carolinas has added nearly 170,000 affordable listings since the 2022 trough, and starter home prices there have pulled back 3.5% from their peak. The West has seen the largest price pullback of any region, down 7.3% since 2022, led by relief in Denver, Phoenix, and Colorado Springs — though coastal California metros like Los Angeles and San Francisco have seen far less improvement.

The Midwest remains the most affordable region in absolute dollar terms, but its advantage is eroding: starter home prices there are up 10.0% since 2022 alone and 37.5% since 2019, the steepest percentage increase of any region over that longer period. The Northeast presents the most difficult picture nationally. Just 29.7% of Northeast listings are priced under $350,000 today, down from roughly 48% before the pandemic, and the region's starter home threshold has climbed to $444,000.

"The Northeast is the toughest market in the country right now for a first-time buyer. Limited land, restrictive zoning, and buyers with real financial firepower have combined to push the entry price beyond what most middle-income households can even qualify for. Unlike the South and West, there's been no pullback there — the trend is still moving in the wrong direction," said Jones.

More Listings, Fewer Sales
Despite the inventory gains, affordable transactions have not followed. Home sales under $350,000 fell roughly 10% in April 2026 compared with a year earlier and are down 7.2% year-to-date, a steeper decline than other price tiers. The South, despite leading the country in inventory recovery, saw affordable sales fall 7.3% in April; the Midwest posted the steepest affordable sales decline of any region, down 13.5% year-over-year in April; the Northeast is the only region where sales fell across every price tier; and the West was the outlier, with sub-$350,000 sales essentially flat for the year.

"More listings on the market should mean more sales, but that's not quite what we're seeing. Buyers can find a home priced under $350,000 in more places than they could two years ago — the problem now is qualifying for the mortgage. Rates are still in the mid-6% range, and the income it takes to buy a starter home has climbed more than 80% since 2019, so a lot of would-be buyers are simply sitting this one out," said Jones.

Where Do We Go From Here
The squeeze has reshaped who is buying a first home and when. The average first-time homebuyer is now 40 years old, though the first-time buyer share has recently climbed to 35% in May, up from 30% a year earlier. The U.S. still faces a housing shortage of roughly 4 million homes as the underlying constraint on any broad, near-term recovery.

The starter home market over the next five years looks like a slow, uneven normalization rather than a dramatic reset, as the lock-in effect gradually fades, inventory continues to build, and household formation patterns shift. Younger, lower-income, first-time buyers without existing equity are likely to remain the most squeezed.

Methodology

Data in this analysis draws on the Realtor.com database of active for-sale listings and incorporates median household income data from the U.S. Census Bureau's Current Population Survey. Starter home price thresholds are defined as listings priced below $350,000 nationally (absolute thresholds) or below 80% of the area's median list price (relative threshold). Single-family listing data by bedroom count reflects active listings in each quarter. All figures are national unless otherwise noted.

About Realtor.com®

For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media Contact: Mallory Micetich, [email protected]

SOURCE Realtor.com

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Transactions Grew for the Third Straight Year But Remain a Small Slice of the Market, According to a New Realtor.com® Report

, /PRNewswire/ -- A new report from Realtor.com® finds that short sales, an alternative to foreclosure for underwater homeowners, are growing. Short sales remain a small slice of the market: fewer than 30,000 took place in the U.S. in 2025, accounting for roughly 0.6% of all typical home sales and 28% of distressed sales. Short-sale transactions rose 4% from 2023 to 2024, nearly 10% from 2024 to 2025, and about 16% year over year in the first quarter of 2026, accelerating across these three years. Even so, short sales are not the most common distressed sale, trailing foreclosures by more than two to one.

This report also found that starting in January 2026, for the first time since Realtor.com® began tracking these valuations in 2018, short sales started selling at a smaller discount than foreclosures. Distressed homes now fetch roughly 9% more of their estimated value as a short sale than as a foreclosure, a reversal of a pattern that held for nearly a decade.

Short sales let a homeowner who owes more than their home is worth sell the property for less than the remaining mortgage balance, with the lender's approval. Nearly 30,000 short sales took place in the U.S. in 2025, accounting for roughly 0.6% of all arms-length home sales and 28% of distressed sales. Despite offering real advantages for both lenders and homeowners, short sales remain far less common than foreclosures, trailing them by more than two to one.

"Even in a strong economy with home prices close to record highs, a small segment of households find themselves facing tough circumstances," said Danielle Hale, chief economist, Realtor.com®. "The good news for struggling homeowners is that they have more options now than in previous decades. A short-sale can be complicated and requires borrowers to act before the bank forces their hand; however, it benefits them by shortening the waiting period before they can qualify for a future mortgage. Foreclosures are the more common outcome, but borrowers facing difficulty should consider all of their options. Engaging with a Realtor agent who specializes in these transactions can be a smart move."

A Decade-Long Bargain, Reversed

For most of the past decade, short sales sold at a steeper discount to their estimated value than foreclosures did. Foreclosed homes sold in a fairly steady range, 25% to 30% below estimated value, year after year. The short-sale discount swung far more widely, starting around 30% in 2018, ballooning to 50% in 2022, and narrowing to roughly 20% by early 2026 as the market cooled.

The swing traces back to timing. A foreclosed home is priced by the lender the moment it sells, so its discount tracks the market in real time. A short sale is priced earlier, while the homeowner still owns it, and often sits in pending status for months while the lender decides whether to accept less than it's owed. During the rapid price run-up of 2021 and 2022, homes appreciated faster than these drawn-out deals could close, pushing short-sale discounts to their widest point. As price growth flattened in 2025 and 2026, that lag faded and the discount snapped back.

Research from the Federal Reserve Bank of Philadelphia examining the 2007-2012 housing crash found short sales sold for roughly 9% to 10% more than comparable foreclosures during that period, suggesting the current premium is less a new development than a return to the historical norm.

Why Short Sales Stay Rare

The reversal is unlikely to change how few homeowners choose a short sale. "A short sale recovers more value for the lender and does less damage to the surrounding neighborhood, but the decision isn't the lender's to make," said Glen Morgenstern, economist intern at Realtor.com®. "The homeowner controls the outcome, and a foreclosure lets them stay in the home without paying for 592 days on average. That free housing is worth more than any credit or timeline advantage a short sale offers, and the new pricing math doesn't touch that calculation."

A short sale ends earlier and requires the homeowner to actively cooperate in their own move. Short sales can release a homeowner from leftover mortgage debt and let them qualify for a new mortgage in about four years rather than seven, and while a short sale is widely believed to be gentler on a seller's credit than foreclosure, credit bureaus score the two similarly.

The ratio of short sales to foreclosures has never reached parity since Realtor.com's records began in 2006. It climbed as the 2010 Home Affordable Foreclosure Alternatives program pushed short sales as an alternative, then slid after that program ended in 2016. It has since settled at roughly four short sales for every ten foreclosures.

A Different Map Than Foreclosures

Short sales also cluster differently than foreclosures. Foreclosures concentrate in the country's most affordable markets, while short sales are scattered across moderately priced metros in the West and Florida. As of May 2026, Miami, New York, Tampa, Phoenix and Houston had the most short-sale listings. By share of listings, Lakeland, Florida led the country at 6.7%, followed by Pueblo and Colorado Springs, Colorado. Measured by completed sales, short sales are most common in Salt Lake City and Texas metros such as Austin and Dallas.

Buyers remain wary of the format. Short-sale listings draw roughly 20% fewer page views on Realtor.com than comparable homes and take about two months longer to sell, weighed down by lender approval timelines that can drag on for months and sometimes collapse before closing.

Methodology

Short sales are identified as those carrying the short-sale flag in Realtor.com deed records, and foreclosures as those carrying the REO (real estate-owned) flag, covering single-family homes, condos, townhomes, row homes and co-ops sold since 2001. Short-sale prevalence is measured both as a share of all home sales and as a share of distressed sales (short sales plus foreclosures). Short-sale listings are identified by the short-sale flag in Realtor.com listing data, consistently populated beginning in 2019.

To measure the price discount, each distressed sale price is compared against the property's estimated value from an automated valuation model, taken as the median of that property's valuations in the month three months before the sale. The discount is the percentage by which the sale price falls below that value, measured the same way for short sales and foreclosures. The short-sale premium over foreclosures is the difference between the two groups' discounts. Listing performance metrics compare each listing's statistics against the medians for its property type and ZIP code, or metro area where a ZIP has fewer than 50 listings. Sales figures reflect data through March 2026.

About Realtor.com®

For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media Contact: Mallory Micetich, [email protected]

SOURCE Realtor.com

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NEW YORK--(BUSINESS WIRE)--Next week, Dow Jones and The Wall Street Journal will host their inaugural event, WSJ Sports: The Next Sports Economy on July 15-16, 2026, an exclusive gathering of the sports industry's most prolific league commissioners, team owners, business leaders and executives, for a highly tailored experience examining sports as a high-performance global asset class. The event opens on Wednesday, July 15, with a cocktail reception, followed by an intimate seated dinner featuri.

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/PRNewswire/ -- Home price growth is now expected to slow to just 1.2% in 2026, a slower pace than originally forecast and one that fails to keep pace with

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New technology investments will streamline planning, vendor selection, and move coordination while connecting consumers with trusted moving professionals

, /PRNewswire/ -- National Holding Company, one of the nation's most established moving and transportation enterprises, today announced the acquisition of Moving.com, one of the most recognized online moving marketplaces in the United States, and MoveAI, an AI-powered moving concierge technology designed to simplify the relocation process for consumers.

Together, the acquisitions create a unique platform to connect consumers, technology, and professional moving services at every stage of the moving journey, from initial planning and vendor research to booking and move day execution.

For nearly a century, National Holding Company has helped consumers and businesses navigate relocation with ease and confidence. The addition of Moving.com and MoveAI represents a significant investment in the future of the moving industry and reflects the company's commitment to enhancing the customer experience through innovation and technology.

"Moving is hard. You're leaving your church, your neighborhood friends, your kids' school, and countless parts of your daily life behind — on top of juggling a hundred details, including finding and hiring the right mover," said Tim Helenthal, Chairman & CEO of National Holding Company. "It's stressful, and it's a lot of work. After decades in this business, we know no one can make moving 'easy,' but we are confident that with these acquisitions and our experience we can make it far more convenient."

Moving.com is among the most visited consumer websites in the moving industry. The site is a resource for connecting individuals and families with professional movers across the country. MoveAI leverages artificial intelligence to streamline the vendor search by allowing users to share move details and receive tailored recommendations and quotes.

These acquisitions firmly position National Holding Company at the leading edge of a rapidly evolving industry, where consumers increasingly depend on digital platforms and AI-powered tools to guide critical purchasing decisions. National Holding Company intends to make strategic investments in the Moving.com platform, underscoring a long-term commitment to enhancing the overall experience and delivering greater value for both consumers and moving partners.

"Our vision is to build the most trusted and effective consumer moving platform in the industry," said Helenthal. "By combining Moving.com's audience, MoveAI's technology, and our decades of operational expertise, we're creating a stronger experience for consumers while generating new opportunities for movers and industry partners."

Moving.com has been a trusted name in the online moving marketplace for over 25 years," said Tricia Smith, SVP of Sales & Operations at Move, Inc. "This transaction allows us to sharpen our focus on the growth priorities central to our long-term strategy, while positioning Moving.com for a strong next chapter. With deep category expertise and a clear vision for the business, National Holding Company is well positioned to build on what we've created, and we're confident Moving.com's users and partners will be well served."

Current Moving.com customer agreements, lead routing processes, and service relationships will remain unchanged.

The acquisitions complement National Holding Company's existing portfolio, which includes National Van Lines, National Van Lines International, National Forwarding Co., National Claims, and Mighty Moving.

About National Holding Company
National Holding Company is a diversified transportation and relocation enterprise with nearly 100 years of experience delivering moving and logistics solutions to consumers and businesses across the United States.

Employee-owned since 2011, the company operates under an ESOP structure that gives every employee a direct stake in its success. This ownership culture drives accountability, service excellence and a shared commitment to customer satisfaction.

As the parent company of National Van Lines Inc., National Van Lines International, National Forwarding Co., National Claims, and Mighty Moving Inc., National Holding Company operates a worldwide network of vetted, reputable movers that deliver residential, commercial, military, and international moving solutions. Headquartered in Broadview, IL, the company is led by Chairman and Chief Executive Officer Tim Helenthal.

About Move, Inc./Realtor.com®
Move, Inc., a subsidiary of News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV], operates a family of websites and mobile experiences for consumers and professionals, including Realtor.com ®. For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the #1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Move licenses the Realtor.com URL from the National Association of REALTORS®. Move also offers software products and services to help real estate professionals serve their clients and grow their businesses, including ListHub™, the nation's leading listings syndicator and centralized intelligence platform for the real estate industry.

SOURCE National Holding Company

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A new Realtor.com® report traces how Congress has intervened — again and again — to make the American dream financially possible, and what it would take to do it once more

, /PRNewswire/ -- As the United States marks 250 years of independence, just over 65% of American households own their homes, a rate that did not arrive by accident. A new Realtor.com® analysis of federal housing legislation finds that significant surges in U.S. homeownership have each been preceded by an act of Congress, from the Homestead Act of 1862 to the Housing and Economic Recovery Act of 2008, and that the tools to move the needle again exist today.

"Homeownership has never been purely a product of markets, from 44% in 1940 to 62% by 1960, federal legislation has been a driving force in American homeownership history and a 4-million-home supply gap is waiting for its moment," said Joel Berner, senior economist at Realtor.com®. "At several major inflection points in this country's history, from the Great Depression, World War II, the Civil Rights era to the financial crisis, Congress stepped in and changed who could own a home and how they could afford one. The history is remarkably consistent: legislation works."

The report, released in conjunction with the nation's 250th anniversary, traces five landmark bills and their measurable effects on the homeownership rate, which the Census Bureau has tracked since 1890.

From Free Land to FHA: A Legislative History of Homeownership

The Homestead Act of 1862, passed while the Civil War raged, granted 160-acre plots to any adult who could pay a small filing fee and commit five years of labor to the land. More than 270 million acres across 30 states were claimed between 1862 and 1976. The act functioned as the country's first homeownership subsidy, access through effort rather than existing wealth, and set a baseline for American property ownership that every subsequent Congress would build on.

The Great Depression all but collapsed that foundation. Mortgage defaults swept the country in the early 1930s, lenders stopped issuing new loans and the housing market ground to a halt. Congress responded with the National Housing Act of 1934, which created the Federal Housing Administration and restructured the conventional mortgage, shrinking required down payments, extending repayment periods and insuring loans to give lenders confidence. The mortgage market as Americans know it today was born in that legislation, though the FHA's underwriting policies also institutionalized redlining, a legacy of discrimination that would take another generation of legislation to begin to undo.

That correction came in part from the GI Bill. The Servicemen's Readjustment Act of 1944 guaranteed veterans low-interest, no-money-down home loans backed by the federal government. The Veterans Administration guaranteed more than 2 million home loans by 1950. The numbers tell the story directly: in 1940, 43.6% of U.S. households owned their homes. By 1960, that figure was 61.9%.

"The postwar homeownership surge is the most dramatic in American history, and it was not organic," Berner said. "It was the direct result of Congress making homeownership financially accessible to a generation of Americans who would not otherwise have been able to achieve it. That's the playbook."

The Civil Rights Act of 1968, better known as the Fair Housing Act, took aim at the redlining that the FHA had helped entrench. By prohibiting discrimination in the sale, rental and financing of housing based on race, color, national origin, religion, sex, familial status and disability, it expanded access to credit for home purchases across minority communities. Homeownership continued to climb from the bill's passage through approximately 1980, now with broader inclusion.

The most recent legislation examined, the Housing and Economic Recovery Act of 2008, was not designed to grow homeownership but to prevent its collapse. With Fannie Mae and Freddie Mac on the brink, HERA placed both institutions under federal conservatorship, expanded FHA loan limits, established a 3.5% minimum down payment and created a tax credit for first-time buyers. The homeownership rate had peaked at 69.0% in 2004 and bottomed at 63.4% in 2016 a decline that, without HERA's stabilizing interventions, could have been more severe.

The Challenge Today — and What Can Be Done

The housing market is not facing a financial system in freefall or the aftermath of a world war. Instead, it is straining against an inadequate supply of homes. According to our analysis, the U.S. housing supply gap widened to an estimated 4.03 million homes in 2025, up from 3.8 million in 2024. New construction once again fell short of household formation and pent-up demand from younger households persists.

The stakes are substantial. Households that purchase their first home by age 30 accumulate an average of $119,000 more in net worth — 22.5% higher — by age 50 compared to those who wait until their 40s. The median age of a first-time homebuyer was 30 in 1990; by 2025, it had climbed to 40. Home prices have risen nearly twice as fast as incomes over that span, and the typical time needed to save for a down payment has grown from approximately three years to nearly 10.

Children raised in homeowner households are 18.4 percentage points more likely to become homeowners themselves by age 35. Homeowners are 1.3 times more likely than renters to expect to leave assets to the next generation.

The biggest obstacle to closing the supply gap is regulation. Local zoning and permitting rules have made homebuilding slow and expensive — the National Association of Home Builders estimates that regulation adds more than $130,000 to the cost of a newly built home. The U.S. Conference of Mayors has passed a bipartisan policy statement affirming the urgent need for national action on housing supply.

The federal government does not control local zoning. But it can influence it — conditioning federal grant funding on the adoption of standardized, permissive zoning laws and streamlined permitting processes is a mechanism that mirrors the indirect policy levers that have worked before in American cities. The 21st Century ROAD to Housing Act has a provision to do this along with many other policies aimed at boosting housing supply in the U.S. With broad support in both houses of Congress, this bill could become the next example of legislation that enables Americans to achieve their dreams of owning a home.

The pattern established across 250 years of American history is clear: when access to homeownership narrows, federal legislation has the capacity to reopen it.

About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media Contact: Mallory Micetich, [email protected]

SOURCE Realtor.com

Original source text

Most Young Adults Living With Parents Are Employed: Data Points to Housing Affordability, Not Jobs

, /PRNewswire/ -- A record 25.2 million adults under 35 lived with their parents in 2025, surpassing even the pandemic peak, as housing costs continue to price young adults out of independent living, according to a new Realtor.com® report released today. One in 3 adults under 35 now shares a roof with a parent, a rate that has held near its 2020 record high with little sign of easing.

The numbers reflect the accumulated weight of more than a decade of housing underproduction, which has kept persistent upward pressure on housing costs. Had early-2000s co-residence patterns held, 4.86 million fewer young adults would be living with their parents today. Instead, a national median home listing price of $430,000 — 34.4% above 2019 levels — and a median asking rent of $1,673 — 17.9% above 2019 levels — have made independent living financially out of reach for millions. The United States currently faces a deficit of approximately 4 million homes, a gap that has widened since the construction slowdown following the 2008 financial crisis.

"The adults living with their parents today are largely employed, and many hold college degrees. What's holding them back isn't a lack of qualifications, but rather, at least in part, a lack of housing they can actually afford," said Hannah Jones, Senior Economist at Realtor.com®. "This is a supply story, not an employment story."

A Record High That Keeps Climbing
The 33.0% co-residence rate among adults under 35 in 2025 sits just below the 2020 all-time high of 33.6%, and the absolute count of 25.2 million has now surpassed it. The share has held at or near its pandemic peak since 2022. The pattern across the last two decades follows the same arc: crisis, spike, partial retreat, and a new, higher floor.

The first major increase came during the Great Recession, when co-residence rates rose sharply and did not recover when the economy did. The second came with COVID, as the overall share jumped to 33.6% in 2020. A brief retreat in 2022 reflected a narrow cohort that caught historically low mortgage rates before the window closed. Everyone behind them faced elevated rates, limited inventory, and elevated rents, and by 2025 the count had climbed to a new record.

Excess Co-Residence: Actual vs. Expected, 2000–2025

Year

Actual 18-34 Year-
Olds at Home

If early-2000s rates
held

Excess

2000

17.8M

17.7M

+0.1M

2007

19.2M

18.7M

+0.5M

2010

20.8M

19.4M

+1.5M

2015

23.0M

19.6M

+3.4M

2019

23.5M

19.4M

+4.0M

2021

24.3M

19.5M

+4.9M

2025

25.2M

20.3M

+4.86M

Who Is Living at Home
The adults living with their parents in 2025 do not fit the stereotype. Among those aged 25 to 34, approximately 70% are employed. In 2000, roughly 1 in 9 adults in their late 20s were both employed and living at home; by 2025, that ratio had grown to nearly 1 in 7, even as employment rates within the group held steady. The divergence points directly at housing costs, not labor market conditions.

Roughly 9 in 10 adults aged 25 to 34 living with parents have never been married, up from 79% in 2000, and about 1 in 3 aged 25 to 29 holds a four-year degree, up from fewer than 1 in 4 at the start of the century. The growth in co-residence is a story of delayed household formation.

Adults Living With Parents, by Age Group, 2025

Age Group

Total at Home
(Millions)

Employed
(%)

Never-
Married (%)

BA or Higher
(%)

Male (%)

18–24

17.67M

51.9 %

98.1 %

9.6 %

51.5 %

25–29

4.53M

71.1 %

93.6 %

31.5 %

57.4 %

30–34

3.00M

68.4 %

88.8 %

26.8 %

60.6 %

Men make up the majority of at-home adults at every age, though the gap is narrowing at younger ages. Among 18 to 24-year-olds the split is now nearly even at 51.5% male, compared to 55/45 in 2000.

The Generational Divide Within the Data
The data splits differently depending on cohort. Among adults aged 25 to 29, co-residence has seen a modest retreat from recent highs, driven by adults now 28 to 29 who were in their early 20s during the 2020 to 2021 low-rate window and found footing before conditions tightened. The 25 to 26-year-olds behind them hit peak renting age just as rates and prices surged in 2022 to 2023, and show no such improvement.

The 30 to 34 group tells the other half of the same story. At 12.7% co-residence in 2025, nearly double the 7.1% recorded in 2000, this group largely consists of adults who were 25 to 29 during the pandemic and never fully launched. The improvement at 25 to 29 and the rise at 30 to 34 are the same cohort at different stages of the same delayed exit.

What This Means for the Housing Market
"Twenty-five million adults living with their parents represents a generation of latent demand the market hasn't absorbed," said Jones. "Every adult still in a childhood bedroom is a household not formed, a lease unsigned, a starter home unpurchased. The typical first-time buyer is now 40 — that's not a coincidence, it's the math of a market that hasn't built enough."

The delay carries a real financial cost. As Realtor.com® research on generational wealth has shown, each year spent at home rather than building equity is a year of wealth accumulation deferred. Until affordability improves and entry-level supply expands, that latent demand will continue to build.

Methodology
Co-residence data in this report are drawn from the IPUMS Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC), covering survey years 2000–2025. The CPS ASEC is conducted by the U.S. Census Bureau and represents the largest annual household survey in the United States. All population estimates use CPS person-level weights (ASECWT) to produce nationally representative figures. Adults are defined as individuals aged 18 and above. Co-residence is defined as living as "child of head" of household, based on the RELATE variable in the IPUMS extract. The 2014 survey year is excluded from all trend analyses due to a CPS sample expansion that year which creates a discontinuity in absolute population counts; percentage shares are unaffected but the year is omitted for consistency.

The counterfactual analysis in the Trends section applies the average co-residence rate at each single year of age (18–34) from 2000–2003 to the actual adult population in each subsequent year. The resulting figures represent how many adults would be living with parents had early-2000s co-residence patterns persisted, holding age structure and population growth constant.

Employment, marital status, educational attainment, and sex breakdowns are drawn from the same IPUMS CPS extract using EMPSTAT, MARST, EDUC, and SEX variables respectively.

About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media contact: Emily Do, [email protected]

SOURCE Realtor.com

Original source text

LANSING, Mich.--(BUSINESS WIRE)--Neogen Corporation (NASDAQ: NEOG), an innovative leader in food and animal safety solutions, today announced the expanded availability of FIFRA* Section 2(ee) recommendations for the use of Prozap® Insectrin X Concentrate and Prozap® Screw Worm and Ear Tick Aerosol as part of New World Screwworm (NWS) response efforts. These recommendations provide ranchers, livestock producers, and horse owners with an additional option to support fly management efforts.

In Texas, the Texas Department of Agriculture has approved Section 2(ee) recommendations for these products. Neogen is also making Section 2(ee) recommendations available in Florida, providing producers in both states with additional tools to incorporate into broader fly management programs.

While NWS was largely eradicated from the United States decades ago, recent developments have increased industry attention on prevention, vigilance, and effective fly control programs.

Whether addressing emerging concerns such as NWS or routine pest pressures, prevention and prompt wound management remain important components of herd health programs. Neogen offers a broad range of insect control solutions to help producers manage insect challenges across a variety of livestock environments. Among them, Prozap® Screw Worm and Ear Tick Aerosol can help protect wounds from flies and maggots while controlling a variety of labeled pests, including ticks, gnats, and lice. Prozap® Insectrin X Concentrate can be incorporated into broader fly management programs to help manage fly populations in and around livestock facilities.

USDA officials have emphasized the importance of continued vigilance, monitoring, and information sharing as the situation evolves. Although NWS has received increased attention in recent weeks, livestock producers continue to manage a range of insect-related challenges, including horn flies, stable flies, face flies, ticks, and lice, that can affect animal health, welfare, and productivity.

“Producers face insect pressure every season, making prevention and routine monitoring essential parts of herd management,” said Kirk Ramsey, DVM, MS, Professional Services Veterinarian with Neogen. “Integrated fly control programs, prompt wound management, and regular observation of animals can help producers address ongoing insect challenges while remaining prepared for emerging concerns.”

Neogen encourages livestock producers to work closely with their veterinarians and animal health advisors to develop insect management programs tailored to their operations and regional needs. For more information about Neogen's livestock insect control solutions, visit: https://info.neogen.com/Prozap or contact your Neogen representative.

*FIFRA refers to the Federal Insecticide, Fungicide, and Rodenticide Act. These recommendations are made as permitted under FIFRA Section 2(ee). Users must be in possession of the applicable recommendation at the time of pesticide application and comply with all product label directions and applicable state requirements.

**Important Use Information

The FIFRA Section 2(ee) recommendations for Prozap® Insectrin X Concentrate and Prozap® Screw Worm and Ear Tick Aerosol permit certain uses that do not appear on the EPA-approved product label. This recommendation has not been submitted to or approved by the U.S. Environmental Protection Agency (EPA). Users must have the 2(ee) recommendation in their possession at the time of application and must follow all applicable directions, restrictions, and precautions on the EPA-registered product label.

About Neogen

Neogen Corporation is committed to fueling a brighter future for global food security through the advancement of human and animal well-being. Harnessing the power of science and technology, Neogen has developed comprehensive solutions spanning the Food Safety, Livestock, and Pet Health & Wellness markets. A world leader in these fields, Neogen has a presence in over 140 countries with a dedicated network of scientists and technical experts focused on delivering optimized products and technology for its customers.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the ability of Prozap® Screw Worm and Ear Tick Aerosol and Prozap® Insectrin X Concentrate to help ranchers, livestock producers, and horse owners fight against New World Screwworm; the ability of Prozap® Screw Worm and Ear Tick Aerosol to help protect wounds from flies and maggots while controlling a variety of labeled pests, including ticks, gnats and lice; and the ability of Prozap® Insectrin X Concentrate to be incorporated into broader control programs to help manage fly populations in and around livestock facilities.

These “forward-looking statements” are management’s present expectations of future events as of the date hereof and are subject to a number of known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially and adversely from those anticipated.

These risks include, but are not limited to risks relating to the integration of the 3M Food Safety business, risks related to potential tax benefits realized through the 3M transaction, risks related to tariffs and other trade measures, risks related to our international operations and expansion into new geographic markets, risks related to identified material weaknesses in our internal control over financial reporting, risks related to promoting internal growth and identifying and integrating acquisitions, risks related to failure of our systems infrastructure and security breaches of our information systems, risks related to disruption in our manufacturing and service operations, risks related to disruption of third-party package delivery services or pricing increases, risks related to dependence on key suppliers, risks related to the use of distributors for product sales, risks related to the development of new products and technologies, risks related to our ability to maintain a positive reputation, risks related to customer loss, risks related to increased raw material costs, risks related to anti-bribery, trade control, trade sanctions, and anti-corruption laws, risks related to changes in domestic and foreign laws and regulations, risks related to tax audits and changes in tax laws in different jurisdictions, risks related to deterioration in profitability, cash flow, and asset impairments, risks related to competition, risks related to agricultural marketplace, risks related to our substantial indebtedness, risks related to the outcomes of litigation and other legal proceedings, risks related to our ability to obtain and protect intellectual property, risks related to patent infringement challenges, risks related to governmental regulation, risks related to our ability to attract and retain key personnel, risks related to product or service liability claims, risks related to changing political conditions, risks related to climate change, risks related to our inability to meet stakeholder expectations around environmental, social, and governance objectives, risks related to tax legislation, and other factors discussed under the heading “Risk Factors” contained in Item 1A of the company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) on July 30, 2025, as well as any updates to those risk factors filed from time to time in the company’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Neogen is not under any obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.

Original source text

Neogen® Committed to Helping Ranchers, Livestock Producers, and Horse Owners Fight Against New World Screwworm Neogen Corporation (NASDAQ: NEOG), an innovative leader in food and animal safety solutions, today announced the expanded availability of FIFRA* Section 2(ee) recommendations for the use of Prozap® Insectrin X Concentrate and Prozap® Screw Worm and Ear Tick Aerosol as part of New World Screwworm (NWS) response efforts. These recommendations provide ranchers, livestock producers, and horse owners with an additional option to support fly management efforts.

In Texas, the Texas Department of Agriculture has approved Section 2(ee) recommendations for these products. Neogen is also making Section 2(ee) recommendations available in Florida, providing producers in both states with additional tools to incorporate into broader fly management programs.

While NWS was largely eradicated from the United States decades ago, recent developments have increased industry attention on prevention, vigilance, and effective fly control programs.

Whether addressing emerging concerns such as NWS or routine pest pressures, prevention and prompt wound management remain important components of herd health programs. Neogen offers a broad range of insect control solutions to help producers manage insect challenges across a variety of livestock environments. Among them, Prozap® Screw Worm and Ear Tick Aerosol can help protect wounds from flies and maggots while controlling a variety of labeled pests, including ticks, gnats, and lice. Prozap® Insectrin X Concentrate can be incorporated into broader fly management programs to help manage fly populations in and around livestock facilities.

USDA officials have emphasized the importance of continued vigilance, monitoring, and information sharing as the situation evolves. Although NWS has received increased attention in recent weeks, livestock producers continue to manage a range of insect-related challenges, including horn flies, stable flies, face flies, ticks, and lice, that can affect animal health, welfare, and productivity.

“Producers face insect pressure every season, making prevention and routine monitoring essential parts of herd management,” said Kirk Ramsey, DVM, MS, Professional Services Veterinarian with Neogen. “Integrated fly control programs, prompt wound management, and regular observation of animals can help producers address ongoing insect challenges while remaining prepared for emerging concerns.”

Neogen encourages livestock producers to work closely with their veterinarians and animal health advisors to develop insect management programs tailored to their operations and regional needs. For more information about Neogen's livestock insect control solutions, visit: https://info.neogen.com/Prozap or contact your Neogen representative.

*FIFRA refers to the Federal Insecticide, Fungicide, and Rodenticide Act. These recommendations are made as permitted under FIFRA Section 2(ee). Users must be in possession of the applicable recommendation at the time of pesticide application and comply with all product label directions and applicable state requirements.

**Important Use Information

The FIFRA Section 2(ee) recommendations for Prozap® Insectrin X Concentrate and Prozap® Screw Worm and Ear Tick Aerosol permit certain uses that do not appear on the EPA-approved product label. This recommendation has not been submitted to or approved by the U.S. Environmental Protection Agency (EPA). Users must have the 2(ee) recommendation in their possession at the time of application and must follow all applicable directions, restrictions, and precautions on the EPA-registered product label.

About Neogen

Neogen Corporation is committed to fueling a brighter future for global food security through the advancement of human and animal well-being. Harnessing the power of science and technology, Neogen has developed comprehensive solutions spanning the Food Safety, Livestock, and Pet Health & Wellness markets. A world leader in these fields, Neogen has a presence in over 140 countries with a dedicated network of scientists and technical experts focused on delivering optimized products and technology for its customers.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the ability of Prozap® Screw Worm and Ear Tick Aerosol and Prozap® Insectrin X Concentrate to help ranchers, livestock producers, and horse owners fight against New World Screwworm; the ability of Prozap® Screw Worm and Ear Tick Aerosol to help protect wounds from flies and maggots while controlling a variety of labeled pests, including ticks, gnats and lice; and the ability of Prozap® Insectrin X Concentrate to be incorporated into broader control programs to help manage fly populations in and around livestock facilities.

These “forward-looking statements” are management’s present expectations of future events as of the date hereof and are subject to a number of known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially and adversely from those anticipated.

These risks include, but are not limited to risks relating to the integration of the 3M Food Safety business, risks related to potential tax benefits realized through the 3M transaction, risks related to tariffs and other trade measures, risks related to our international operations and expansion into new geographic markets, risks related to identified material weaknesses in our internal control over financial reporting, risks related to promoting internal growth and identifying and integrating acquisitions, risks related to failure of our systems infrastructure and security breaches of our information systems, risks related to disruption in our manufacturing and service operations, risks related to disruption of third-party package delivery services or pricing increases, risks related to dependence on key suppliers, risks related to the use of distributors for product sales, risks related to the development of new products and technologies, risks related to our ability to maintain a positive reputation, risks related to customer loss, risks related to increased raw material costs, risks related to anti-bribery, trade control, trade sanctions, and anti-corruption laws, risks related to changes in domestic and foreign laws and regulations, risks related to tax audits and changes in tax laws in different jurisdictions, risks related to deterioration in profitability, cash flow, and asset impairments, risks related to competition, risks related to agricultural marketplace, risks related to our substantial indebtedness, risks related to the outcomes of litigation and other legal proceedings, risks related to our ability to obtain and protect intellectual property, risks related to patent infringement challenges, risks related to governmental regulation, risks related to our ability to attract and retain key personnel, risks related to product or service liability claims, risks related to changing political conditions, risks related to climate change, risks related to our inability to meet stakeholder expectations around environmental, social, and governance objectives, risks related to tax legislation, and other factors discussed under the heading “Risk Factors” contained in Item 1A of the company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) on July 30, 2025, as well as any updates to those risk factors filed from time to time in the company’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Neogen is not under any obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260618868773/en/

Original source text

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Original source text

Nantucket leads the nation where nearly 100% of inventory exceeds $1 million, while Aspen (Rifle, Colo.) posts a staggering $59.2 million threshold for the top 1% of listings

, /PRNewswire/ -- In a select group of U.S. markets, high-end pricing isn't just a segment of the market, but the market itself. The Realtor.com® March Luxury Housing Report highlights 13 specific areas, including Nantucket, Mass.; Aspen, Colo; and Jackson, Wyo., that operate in a pure luxury environment where more than half of all active listings are priced at $1 million or above.

This high-end concentration is set against the broader U.S. luxury housing market, which shows a seasonal firming of monthly prices, even as year-over-year figures remain slightly below 2025 levels. The national luxury threshold (90th percentile) reached nearly $1.25 million in March. While the national entry-level luxury price rose 3.7% month over month, it remains 2.9% lower than one year ago.

"The national luxury market is modestly softer, but stabilizing seasonally as it enters the spring. This month we examined a select group of resort and island destinations that operate in a separate price tier," said Danielle Hale, chief economist at Realtor.com®. "In these pure luxury markets, the typical home is priced above $1 million and, in some cases, nearly everything for sale exceeds that luxury benchmark. Because the median home in these areas is already a luxury asset, the threshold for the most exclusive properties often reaches levels three to 10 times higher than the national benchmark."

National Luxury Overview: March 2026

Pricing

March 2026

Monthly Change

YoY Change

Luxury Threshold 90th Percentile

$1,249,611

3.7 %

-2.9 %

High-End Luxury Threshold 95th Percentile

$1,997,108

0.5 %

-4.9 %

Ultra Luxury Threshold 99th Percentile

$5,753,869

-0.2 %

-3.7 %

Million-Dollar Listing Share

13.1 %

1.1pp

-0.4pp

Pure Luxury: Where $1 Million is Just the Baseline

The shift toward identifying these pure luxury hubs follows last month's exploration of "accessible luxury," where buyers could break into the top 10% of listings without typical high-end price tags. This month, the data turns to the opposite end of the spectrum: markets where luxury is the standard.

Nantucket, Mass., stands in a category of its own, with 99% of all active listings priced at $1 million or higher. Following closely are Vineyard Haven, Mass. (90%), and Jackson, Wyo. (68%). While coastal and mountain hubs dominate, the report also highlighted Petoskey, Mich., as an unexpected entry. With 53% of its listings priced above $1 million, the Northern Michigan resort town demonstrates how lifestyle-driven demand is creating pockets of pure luxury across the country, including in the Great Lakes region.

"These pure luxury markets are defined by geographic and structural scarcity," said Anthony Smith, senior economist at Realtor.com®. "Whether it's an island with strict building codes or a mountain valley with limited private land, supply cannot expand to meet demand. This creates an environment where luxury becomes the standard. In Rifle, Colo., a micropolitan market which encompasses Aspen, the top 1% of the market starts at $59.2 million, a figure that dwarfs the ultra-luxury thresholds of even the largest coastal powerhouses like Los Angeles or New York."

Luxury as the Norm: Markets Where Over Half of Listings Exceed $1M

Rank

Area

Metro/Micro

Median Listing Price

10% Most Expensive Listings Start at:

5% Most Expensive Listings Start at:

1% Most Expensive Listings Start at:

Average Annual Million-Dollar Listings Count

Share of Million Dollar Listings

0

USA

Country

$415,450

$1.25M

$1.20M

$5.75M

134,530

13.1 %

1

Nantucket, Mass.

Micro

$4.08M

$10.0M

$12.92M

$25.76M

138

99 %

2

Vineyard Haven, Mass.

Micro

$2.40M

$8.26M

$10.84M

$16.36M

194

90 %

3

Jackson, Wyo.-Idaho

Micro

$1.75M

$10.20M

$18.0M

$39.55M

245

68 %

4

Santa Maria-Santa Barbara, Calif.

Metro

$1.72M

$9.88M

$16.26M

$38.60M

437

69 %

5

Rifle, Colo.

Micro

$1.65M

$16.81M

$25.50M

$59.18M

440

58 %

6

Hailey, Idaho

Micro

$1.44M

$8.50M

$13.0M

$19.80M

145

62 %

7

Kapaa, Hawaii

Micro

$1.40M

$5.89M

$8.49M

$14.70M

233

63 %

8

Napa, Calif.

Metro

$1.29M

$4.98M

$7.40M

$15.98M

309

62 %

9

Salinas, Calif.

Metro

$1.24M

$4.32M

$8.86M

$24.10M

313

62 %

10

Santa Cruz-Watsonville, Calif.

Metro

$1.20M

$2.75M

$4.20M

$9.25M

291

57 %

11

Petoskey, Mich.

Micro

$1.11M

$3.50M

$3.71M

$7.96M

104

53 %

12

San Luis Obispo-Paso Robles, Calif.

Metro

$1.09M

$2.87M

$3.87M

$8.25M

342

55 %

13

Bozeman, Mont.

Metro

$1.01M

$5.83M

$8.94M

$15.43M

345

51 %

(Areas with less than 500 million-dollar listings and at least a 50% share of million-dollar listings)

Extreme Highs: The Ultraluxury Ceiling

The report found that the "ceiling" for real estate varies wildly across the country. While the national 99th percentile threshold sits at roughly $5.75 million, specific resort markets reach much higher:

Rifle, Colo. (Aspen area): $59.2 million Jackson, Wyo.: $39.5 million Santa Maria-Santa Barbara, Calif.: $38.6 million Nantucket, Mass.: $25.8 million Methodology

All data in this report is sourced from Realtor.com® listing trends as of March 2026, reflecting active inventory of existing homes, including single-family residences, condos, townhomes, row homes, and co-ops. Listings reflect only those provided by MLS platforms to Realtor.com® via a listing feed. New-construction listings are excluded unless actively listed on participating MLSs.

Luxury segmentation is based on market-specific price percentiles, with the 90th percentile representing entry-level luxury, the 95th percentile marking high-end luxury, and the 99th percentile indicating ultraluxury. All calculations are based on listing prices, not final sales prices.

Metropolitan and micropolitan areas are defined using the Office of Management and Budget's OMB-2023 delineations, with Claritas 2025 household estimates used for relative comparisons. Where appropriate, we limited analysis to metros or micros with a minimum threshold of active million-dollar listings on average over the past year to ensure meaningful comparisons.

Historical listing trend data extends to July 2016, but year-over-year comparisons in this report use March 2025 as the baseline.

Luxury by the Numbers

90th percentile = Entry-level luxury (top 10% of prices)

95th percentile = High-end luxury

99th percentile = Ultraluxury (often rare or custom properties)

About Realtor.com®

Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media contact: Emily Do, [email protected]

SOURCE Realtor.com

Original source text

Realtor.com® Introduces the Realtor.com® Market Clock, a New Tool That Distills Local Housing Conditions Into a Measure of Whether It's a Buyer, Seller or Balanced Market and Where It's Headed

, /PRNewswire/ -- Just over 60% of the nation's largest housing markets have tilted into balanced or buyer-friendly territory, while only 26% remain seller's markets, according to a new analysis from Realtor.com®. The findings come alongside the debut of the Realtor.com® Market Clock, a new tool designed to cut through the noise of housing data and give buyers, sellers and market watchers a clearer picture of where local markets stand and where they may be headed.

The Realtor.com® Market Clock places the national housing market at 3 o'clock — a "Balanced-Loosening" phase, heading toward buyer-friendly conditions The Realtor.com® Market Clock places the national housing market at 3 o'clock — a "Balanced-Loosening" phase, heading toward buyer-friendly conditions, though not necessarily approaching them quickly. But that national reading masks striking variation across the country's 50 largest metros, which currently span nearly the full face of the clock.

Of the top 50 metros, 13 (26%) remain seller's markets, 23 (46%) are in balanced-loosening phases, 8 (16%) are buyer's markets, and 6 (12%) are in balanced-tightening territory — meaning a small but notable group of markets are actually trending back toward seller advantage.

"A national picture is useful, but when making a real estate decision, the local details are what really matter," said Danielle Hale, Chief Economist at Realtor.com®. "Right now, a homebuyer in Houston or San Antonio is navigating a very different market than someone in Hartford or Milwaukee. The Realtor.com® Market Clock was built to make those differences visible at a glance."

A Buyer-Friendly South and West, With Pockets of Seller Strength in the Midwest and Northeast

The regional picture is varied, with all 8 buyer's markets located in the South (7) or West (1). and most of the 13 seller's markets coming from the Midwest (7) and Northeast (3). Of the metros currently classified as buyer's markets, 5 of 8 are in either Florida or Texas – including Austin, Texas; Tampa, Fla.; Jacksonville, Fla; Orlando, Fla.; and Miami. All 8 buyer's market metros currently sit in what the framework calls 'Early Buyer' conditions – meaning inventory is growing, price cuts are common, buyers are starting to hold the upper hand, and their negotiating leverage is likely to get even stronger in the coming months.

By contrast, most seller's markets are concentrated in the Midwest and Northeast. Four markets among the top 50, including Hartford, Connecticut, hold the "Peak Seller" position, while six, including Milwaukee, San Francisco, and Providence, RI, are exhibiting "Early Seller" conditions, meaning the conditions are already hot and getting hotter. Three metros, including Boston and San Jose, remain in late seller phases — still competitive, though seller advantage is beginning to soften in those markets.

A further 8 of the top 50 markets sit at 4 o'clock, or in the Late Balanced phase of the Market Clock. While these metros – which include Charlotte, NC; Washington, DC; Phoenix, and Las Vegas–are still balanced, homes are sitting longer, prices are softening, and buyers are likely to hold the upper hand outright in the coming months.

The New Realtor.com® Market Clock

The Realtor.com® Market Clock is a new tool based on key market signals like market balance, market pressure and market pace with the goal of helping people understand their local markets. The market clock is organized as a 12-hour clockface. Seller-leaning conditions occupy the top of the clock (the 11, 12, and 1 o'clock positions), buyer-leaning conditions fall toward the bottom (5, 6, and 7 o'clock), and balanced phases occupy the space in between — with one set loosening toward buyers (2, 3, 4 o'clock) and the other tightening back toward sellers (8, 9, 10 o'clock). At 12 o'clock, conditions favor sellers most: homes sell quickly, competition is fierce, and buyers have limited leverage. At 6 o'clock, the market favors buyers: there's more inventory, less urgency, and more room to negotiate.

The framework is built on metro-level housing data tracking supply and inventory balance, market pace and competition, and pricing pressure and adjustment. Grounded in data, the Realtor.com® Market Clock is built using consistent, metro-level housing market information that tracks conditions over time, allowing markets to be compared both across geographies and across different points in the cycle. Critically, the clock captures not just where a market stands, but how fast and in which direction it is moving — a distinction that matters significantly in markets currently in transition.

"Consumers and professionals are exposed to more information than ever before, but more data hasn't always meant more clarity for people trying to make one of the biggest financial decisions of their lives," said Hale. "The Market Clock is our attempt to change that — to take the full range of signals we track and translate them into something that reflects what the market actually feels like on the ground."

The Realtor.com® Market Clock is designed to describe current conditions and track shifts in leverage over time — not to forecast home prices, sales volumes, or mortgage rates. A market moving into buyer-friendly territory does not guarantee price declines, just as a seller's market does not ensure continued price appreciation.

A Framework Validated by the Last Cycle

The Market Clock's track record from 2019 through 2025 reflects the housing cycle that consumers and industry professionals have lived through. In December 2019, conditions were already tight: 72% of the top 50 metros were in seller-leaning phases and 26% were in balanced-tightening territory — underscoring just how primed the market was for the pandemic-era boom that followed.

By December 2021, the compression was dramatic. Ninety-eight percent of the top 50 metros had reached seller-market territory — one of the most compressed and competitive environments in modern housing history, with only one metro outside seller territory.

The rate shock of 2022 began to shift conditions, and by December 2023, 62% of large metros remained in seller phases, even as the lock-in effect kept inventory constrained and markets from fully cooling. By December 2025, the landscape had opened considerably: seller markets had shrunk to 26% of large metros, buyer's markets had grown to 16%, and balanced-loosening conditions had become the dominant category at 46% — reflecting a housing market defined less by uniformity than by geographic dispersion.

How Buyers and Sellers Can Use the Market Clock

For anyone interested in buying and selling now or in the future, the Market Clock is designed to help set expectations. Buyers can use their metro's position to gauge how competitive local conditions are, how quickly they may need to act, and how much negotiating room it is realistic to expect. Sellers can use it to help calibrate pricing strategy and understand whether patience or flexibility is likely to be rewarded in their market.

"Whether you're a first-time buyer trying to figure out how aggressive your offer needs to be, or a seller wondering whether to hold firm on price, the Realtor.com market clock is a much needed solution for today's buyers and sellers," said Jake Krimmel, senior economist, Realtor.com. "It's a professional grade tool that's meant to be simple enough to give non-experts a clear takeaway. And it's best when paired with the advice and guidance of a skilled Realtor® agent when you're ready to move."

The Realtor.com® Market Clock is available as part of Realtor.com® Economics housing market research portal and the report will be updated on a quarterly basis.

Quadrant

Region

Metro

Clock Hour

Hour
Description

Seller's Markets

13 metros

(3 Northeast, 7
Midwest, 1
South, 1 West)

Midwest

Grand Rapids-Wyoming, Mich

11

Early Seller

Midwest

Kansas City, Mo.-Kan.

11

Early Seller

Midwest

Milwaukee-Waukesha-West Allis,
Wis.

11

Early Seller

Midwest

St. Louis, Mo.-Ill.

11

Early Seller

Northeast

Providence-Warwick, R.I.-Mass.

11

Early Seller

West

San Francisco-Oakland-Hayward,
Calif.

11

Early Seller

Midwest

Chicago-Naperville-Elgin, Ill.-Ind.-
Wis.

12

Peak Seller

Midwest

Indianapolis-Carmel-Anderson,
Ind.

12

Peak Seller

Northeast

Hartford-West Hartford-East
Hartford, Conn.

12

Peak Seller

South

Virginia Beach-Norfolk-Newport
News, Va.-N.C.

12

Peak Seller

Midwest

Columbus, OH

1

Late Seller

Northeast

Boston

1

Late Seller

West

San Jose

1

Late Seller

Balanced -
Loosening

23 metros +
USA Avg
(1 Northeast, 3
Midwest, 12
South, 7 West)

South

Dallas-Fort Worth-Arlington,
Texas

2

Early
Balanced

South

Louisville/Jefferson County, Ky.-
Ind.

2

Early
Balanced

West

Denver-Aurora-Lakewood, Colo.

2

Early
Balanced

West

Los Angeles-Long Beach-
Anaheim, Calif.

2

Early
Balanced

West

Sacramento--Roseville--Arden-
Arcade, Calif.

2

Early
Balanced

West

San Diego-Carlsbad, Calif.

2

Early
Balanced

West

Tucson, Ariz.

2

Early
Balanced

USA

USA

3

Balanced -
Cooling

Midwest

Cincinnati, Ohio-Ky.-Ind.

3

Balanced -
Cooling

Midwest

Cleveland-Elyria, Ohio

3

Balanced -
Cooling

Northeast

Philadelphia-Camden-Wilmington,
Pa.-N.J.-Del.-Md.

3

Balanced -
Cooling

South

Birmingham-Hoover, Ala.

3

Balanced -

Cooling

South

Houston-The Woodlands-Sugar
Land, Texas

3

Balanced -
Cooling

South

Memphis, Tenn.-Miss.-Ark.

3

Balanced -
Cooling

South

Richmond, Va.

3

Balanced -
Cooling

South

San Antonio-New Braunfels,
Texas

3

Balanced -
Cooling

Midwest

Detroit-Warren-Dearborn, Mich

4

Late
Balanced

South

Baltimore-Columbia-Towson, Md.

4

Late
Balanced

South

Charlotte-Concord-Gastonia,
N.C.-S.C.

4

Late
Balanced

South

Oklahoma City, Okla.

4

Late
Balanced

South

Raleigh, N.C.

4

Late
Balanced

South

Washington-Arlington-Alexandria,
DC-Va.-Md.-W. Va.

4

Late
Balanced

West

Las Vegas-Henderson-Paradise,
Nev.

4

Late
Balanced

West

Phoenix-Mesa-Scottsdale, Ariz.

4

Late
Balanced

Buyer's Markets

8 metros

(0 Northeast, 0
Midwest, 7
South, 1 West)

South

Atlanta-Sandy Springs-Roswell,
Ga.

5

Early Buyer

South

Austin-Round Rock, Texas

5

Early Buyer

South

Jacksonville, Fla.

5

Early Buyer

South

Miami-Fort Lauderdale-West Palm
Beach, Fla.

5

Early Buyer

South

Nashville-Davidson--
Murfreesboro--Franklin, Tenn.

5

Early Buyer

South

Orlando-Kissimmee-Sanford, Fla.

5

Early Buyer

South

Tampa-St. Petersburg-Clearwater,
Fla.

5

Early Buyer

West

Riverside-San Bernardino-Ontario,
Calif.

5

Early Buyer

Balanced -
Tightening

6 metros

(3 Northeast, 1
Midwest, 0
South, 2 West)

Midwest

Minneapolis-St. Paul-Bloomington,
Minn.-Wis.

9

Balanced -
Warming

Northeast

New York-Newark-Jersey City,
N.Y.-N.J.-Pa.

9

Balanced -
Warming

Northeast

Buffalo-Cheektowaga-Niagara
Falls, N.Y.

10

Late
Balanced

Northeast

Pittsburgh, Pa.

10

Late
Balanced

West

Portland-Vancouver-Hillsboro,
Ore.-Wash.

10

Late

Balanced

West

Seattle-Tacoma-Bellevue, Wash.

10

Late
Balanced

Methodology
The Realtor.com® Market Clock is built on Realtor.com® housing market data and analysis of deed records to classify the top 50 U.S. metropolitan areas and a national aggregate into one of 12 phases of the buyer-seller leverage cycle. The framework synthesizes measures of market balance, pace and momentum, and pricing pressure into a single clock position for each metro. Data will be updated monthly and a report released quarterly. Data span January 2018 through December 2025. The 50 largest U.S. metropolitan areas are defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts.

About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media contact: Mallory Micetich, [email protected]

SOURCE Realtor.com

Original source text

New data shows land listings remain 24% below pre-pandemic levels, with build-ready lots, raw acreage, and regional markets charting starkly different paths

, /PRNewswire/ -- Realtor.com® today released its first-ever analysis of land listings for sale in the United States, offering an unprecedented look at one of the most fundamental — and least examined — inputs to housing supply. The report, which draws on land listing data from June 2016 through March 2026, finds that the pandemic-era buying frenzy permanently transformed the land market: inventory has contracted 23.6% since the first quarter of 2019 and has yet to recover, while prices per acre have surged 76.6% over the same period. In the first quarter of 2026, there were 426,986 land listings for sale on Realtor.com with a median price per acre of $62,365.

"The pandemic didn't only drain home inventory, it drained land inventory, and that loss is permanent," said Joel Berner, senior economist at Realtor.com®. "When a builder develops a parcel, that land never returns to the market. The construction boom of 2020 to 2022 burned through years of supply, and the market is still paying for it. Prices sit 77% above pre-pandemic levels, inventory has gone nowhere, and until the development pipeline catches up, neither of those things will change and future new construction could be more costly."

Key Findings

Land listings on Realtor.com® have contracted 23.6% nationally since 2019 Q1, a decline that has not meaningfully reversed even as existing home inventory has rebounded. Median prices per acre are up 76.6% since 2019 Q1, led by the Northeast (+101%) and Midwest (+89%), while Western markets have seen the softest appreciation. Raw land has appreciated the most of any development category — up 86.5% since 2019 Q1 — while build-ready listings have risen the least, at 53.3%. Land prices declined 0.5% year over year in 2026 Q1, driven largely by a sharp -5.9% drop in the West as builder activity slows and housing inventory normalizes. Port St. Lucie, FL and Fargo, ND-MN lead all metros in price appreciation since the pandemic, both exceeding 310% price-per-acre growth. Land Inventory Has Not Recovered — and Here's Why

The trajectory of land listings has closely mirrored that of home listings over the past several years until recently. Before the pandemic, prices for both were steadily rising. In early 2020, inventories plummeted while prices surged. The years 2021 and 2022 saw intense, sustained price growth and inventory reduction during the ultra-low interest rate environment.

The critical divergence arrived in 2024. While for-sale home inventory began posting 20% year-over-year gains as sellers re-entered the market, land inventory made virtually no progress toward pre-pandemic counts. The explanation is structural: many land listings purchased from 2020 to 2022 became new homes in 2023 to 2025. Homes eventually return to the listing pool when put up for resale, but land that is developed is permanently converted. The post-pandemic buying frenzy put a lasting dent in the supply of land for sale across the United States.

Regional Picture: Northeast Prices Surge; West Cools

Since the first quarter of 2019, land prices per acre have grown the most in the Northeast, followed closely by the Midwest and South. The West, which entered the pandemic with the highest land prices in the country, has seen the softest appreciation and is the only region posting meaningful year-over-year price declines.

Region

2019 Q1 Price/Acre

2026 Q1 Price/Acre

Change

Midwest

$38,757

$73,448

+89.5 %

Northeast

$23,584

$47,511

+101.5 %

South

$34,130

$63,110

+84.9 %

West

$41,173

$54,423

+32.2 %

The Northeast's persistent price appreciation reflects structural constraints. Much of the region is already densely developed, and remaining undeveloped land is often subject to restrictive zoning, historic preservation laws, and environmental regulations. The pandemic-era construction boom consumed a significant share of what was available, and because that land was permanently transformed into housing, the supply base has contracted in ways that are difficult to reverse.

Western markets have taken a different path. The region experienced the steepest pullback in new residential construction activity, with single-family building permits declining faster than in any other region in 2025. Several Western states have also seen housing inventories return to or exceed pre-pandemic levels, reducing urgency among builders for land acquisition. Combined with the region's already-high starting price point, Western land prices have cooled accordingly — falling 5.9% year over year in 2026 Q1.

Raw Land Has Appreciated the Most

Realtor.com® classifies land listings by development status: raw land (no development), partially developed lots (some clearing or utilities in place), and build-ready lots (marketed as immediately suitable to build on). Raw land has seen the steepest price gains since the pandemic, rising 86.5% per acre since 2019 Q1, compared to 53.3% for build-ready listings.

Type

Listings for Sale

Median Price/Acre

Median Acres

Build-Ready

154,100

$126,071

1.00

Partially Developed

189,038

$53,530

1.34

Raw Land

86,637

$22,682

2.25

Raw land's outperformance reflects both its lower starting price point and its nature as a more speculative asset class. Unlike build-ready lots, which are ultimately capped in value by what a completed home can sell for, raw land's pricing is driven more by expectations, geography, and demand for development potential. In the current environment of softening construction activity, raw land has also led the recent pullback, declining 2.4% year over year compared to -1.1% for build-ready and +0.8% for partially developed listings.

Markets Most Impacted Since the Pandemic

Among metros with at least 500 land listings in first quarter of 2026, the Hilton Head Island-Bluffton-Port Royal, SC area has seen the steepest inventory decline compared to 2019 Q1 (-72.1%), followed by Morristown, TN (-65.7%) and Wilmington, NC (-61.2%). Notably, all ten of the hardest-hit markets are located in the eastern half of the country, where raw land is scarcer and listing stocks have not been able to be refreshed.

For price appreciation, Port St. Lucie, FL leads all markets with a 314.0% gain in price per acre since 2019 Q1, followed by Fargo, ND-MN (+311.1%) and Spearfish, SD (+286.7%). Philadelphia and Kansas City, both nationally recognized for relative affordability and strong in-migration, also rank among the top ten, with price-per-acre gains of 285.4% and 260.8%, respectively.

Land Prices Have Softened in the Past Year

Overall land prices per acre fell 0.5% from 2025 Q1 to 2026 Q1 as demand softened. The primary driver is the slowdown in new residential construction activity, which finished 2025 below 2024 levels as builders faced increased cost pressures and weak homebuyer demand. Regionally, the South (+1.3%), Northeast (+0.9%), and Midwest (+0.2%) posted modest gains, while the West declined sharply (-5.9%).

Methodology

Listing data consist of for-sale land on Realtor.com® from June 2016 through March 2026. Year-over-year land price comparisons are made from the first quarter of 2026 against the first quarter of 2025, and all current statistics are as of the first quarter of 2026. Land listings are classified by development status using listing description keywords as well as price and size categorizations. Each listing is analyzed for words and phrases in the property description that indicate development status, with listings that lack clear signals falling back to a price-per-acre comparison against similar properties in the same county and acreage range, using percentile rank cutoffs to sort into categories. Metro-level data requires a minimum of 500 land listings to be included in rankings.

About Realtor.com®

Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media Contact: Mallory Micetich, [email protected]

SOURCE Realtor.com

Original source text

NEW YORK--(BUSINESS WIRE)--News Corp will release its third quarter Fiscal 2026 results on Thursday, May 7, 2026. News Corp Chief Executive Robert Thomson and Chief Financial Officer Lavanya Chandrashekar will discuss the results via a live audio webcast at 5:00 p.m. EDT (Sydney: May 8, at 7:00 a.m. AEST). To listen to the webcast, please register using the following link: https://newscorp-q3fy2026-earnings-call.open-exchange.net/registration A live audio webcast of the call and the archived we.

Original source text

With a rent freeze looming for nearly one million stabilized households, a widening rent gap is turning residential mobility from a matter of preference into a financial impossibility

, /PRNewswire/ -- New York City renters are facing a market defined by rising costs and shrinking options, as the median asking rent climbed to $3,616 in the first quarter of 2026, a 6.2% year-over-year increase, while the rent gap between what current tenants pay and what the market demands has surpassed $1,750 per month, according to the Q1 2026 NYC Rental Report from Realtor.com®.

The report underscores a city where switching apartments has become financially out of reach for most renters. A typical New York renter currently pays an estimated median contract rent of $1,855 per month in 2026–projected forward from 2024 ACS data. Leaving that unit for a typical available unit, would expose them to a rent gap of $1,761 per month, requiring more than $70,4400 in additional annual household income just to stay within the standard 30% affordability threshold.

"Much like homeowners who locked-in low, pandemic-era mortgage rates, many of New York City's renters who have lived there for a few years or more wear their own golden handcuffs," said Danielle Hale, chief economist at Realtor.com®. "The rent gap between what tenants pay today and what the market asks has grown so wide that leaving your apartment is no longer just a logistical challenge. For most New Yorkers, it's become a financial near-impossibility. With a rent freeze on stabilized units potentially taking effect later this year, that gap could widen further, making it even costlier to leave a stabilized apartment for years to come."

Rents Rise Across Every Borough, Manhattan Leads
In 2026Q1, all four boroughs posted year-over-year rent increases, with Manhattan recording the steepest climb. The borough's median asking rent rose 8.3% to $4,878, requiring an annual household income of $195,120 to meet the 30% affordability benchmark. Brooklyn followed with a 3.9% increase to $3,985, Queens rose 3.3% to $3,427, and the Bronx saw a 1.7% gain to $3,099.

Rents by Borough in New York City, 2026Q1

Borough

Median Asking Rent

Rent YoY

Rent Change –6years

Annual Income
Required (30%)

Manhattan

$4,878

8.3 %

21.7 %

$195,120

Brooklyn

$3,985

3.9 %

47.3 %

$159,400

Queens

$3,427

3.3 %

41.7 %

$137,080

The Bronx

$3,099

1.7 %

46.9 %

$123,960

Smaller Units Drive Demand and Price Pressure
The demand for smaller, more affordable units is intensifying competition at the lower end of the market. The median asking rent for 0-2 bedroom apartments rose 7.6% year over year to $3,480 in Q1 2026, outpacing the 2.0% increase seen among larger 3+ bedroom units, which reached a median of $4,764. The faster rent growth in smaller units reflects the squeeze facing renters priced out of larger apartments and the lack of affordable alternatives at the entry level.

The Rent Gap: No Borough Is Spared
Across every corner of the city, the rent gap between staying and switching units is steep. In the Bronx, the city's most affordable borough, a typical renter faces a rent gap of $1,756 per month when looking for a new unit within the same borough, requiring roughly $70,240 in additional annual income to remain within affordability guidelines. In Brooklyn, that gap rises to $2,108 per month ($84,320 annually), in Queens to $1,499 ($59,960), and in Manhattan to $2,545 ($101,800).

For a typical Manhattan renter, the numbers are especially daunting: even relocating to the Bronx, the city's most affordable borough, would require bridging a rent gap of $766, meaning that $2,553 in additional monthly income would be required to afford such a move.

The Rent Gap by Borough, NYC 2026

Median Asking

Rent, 2026Q1

Estimated Median

Contract Rent, 2026Q1

Estimated Difference in Asking

vs. Contract Rent

Manhattan

$4,878

$2,333

$2,545

Brooklyn

$3,985

$1,877

$2,108

Queens

$3,427

$1,928

$1,499

The Bronx

$3,099

$1,343

$1,756

NYC

$3,616

$1,855

$1,761

A Rent Freeze Could Widen the Gap Further
Roughly 42% of NYC's rental units are rent-stabilized, with annual increases capped by the Rent Guidelines Board. A proposed freeze on those increases would provide immediate relief to nearly one million households, but it would also cement the growing rent gap between what stabilized tenants pay and what the open market demands.

"The rent freeze would offer meaningful short-term relief, but it's a policy with long-term consequences that deserve serious scrutiny," said Realtor.com® Economist Jiayi Xu. "If the rent gap between staying and moving continues to widen, the financial barrier to leaving a stabilized unit only grows. Renters may find themselves protected on paper, but effectively locked in place, unable to move for a new job, upsize for a growing family, or simply find a better fit for their lives."

NYC rents now sit 28.0% above pre-pandemic levels, compared with just 17.5% gains nationally, underscoring the severity of affordability pressures in the metro relative to the rest of the country.

Methodology
New York City rental data as of 2026Q1 for all units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within New York City and each of its boroughs. To calculate the median asking rent for each quarter, we first obtain the median asking rent for each month within that quarter and then take the average of the three months. Data for Staten Island is currently under review.

Realtor.com®began releasing regular monthly reports for New York City in August 2024 and transitioned to quarterly rental trend reports in April 2025, with historical data available dating back to Q2 2019.

About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media contact: Emily Do, [email protected]

SOURCE Realtor.com

Original source text

In Realtor.com®'s inaugural Los Angeles County rental report, a cooling market and landmark rent reform are converging, raising questions about affordability and mobility

, /PRNewswire/ -- Los Angeles County renters are seeing rents fall to their lowest point in four years, but for many, the relief only goes so far. The median asking rent dropped to $2,520 in the first quarter of 2026, according to the Q1 2026 Los Angeles County Rental Report from Realtor.com®, Realtor.com®'s first quarterly rental analysis dedicated to the nation's second-largest metro.

The $97 drop, 3.7% below a year ago, marks a new low point since the region's summer 2022 peak, when pandemic-driven demand and constrained supply pushed rents to record highs. Today, a wave of new multifamily construction is putting sustained downward pressure on the market, pulling median asking rents $298, or 10.6%, below that prior ceiling.

"Los Angeles is a market in transition," said Danielle Hale, chief economist at Realtor.com®. "Supply has finally caught up, giving renters more options and more negotiating power than they've had in years. But falling rents don't automatically mean affordable rents. A typical rental in Los Angeles still requires an annual household income of over $107,000, and for many families in this city, that bar remains simply out of reach."

City of Los Angeles: Relief at the Margin, Still Out of Reach for Many
In the City of Los Angeles, the median asking rent was $2,682 in Q1 2026, down $96 or 3.5% year-over-year. While renters are saving $219 per month, or $2,628 annually, compared to the 2022 peak, the math remains daunting: affording a typical city rental still requires a minimum annual household income of $107,280, roughly 20% above the city's estimated median of $88,730.

The affordability gap between renting in the open market and staying put is already stark. The median contract rent paid by Los Angeles tenants, reflecting years of rent stabilization, was $1,804 in 2024, more than $1,000 below the current median asking rent. That gap underpins a striking statistic: 86.5% of Los Angeles renters remained in the same unit as one year ago in 2024, up from 79% in 2010 and well above the national rate of 78.4%.

In December 2025, the city enacted its most significant rent control reform in four decades, set to take effect in July 2026. The updated Rent Stabilization Ordinance caps annual increases at 4%, down from a prior ceiling of 8%, covering approximately 650,000 units, or roughly 74% of all rentals in the city.

"The new cap is meaningful protection for the renters it covers," said Realtor.com® Economist Jiayi Xu. "But rent control is a double-edged policy. The same financial incentives that keep tenants safely housed in below-market apartments also make it harder to move, for a new job, a bigger space, a different neighborhood. With the gap between staying and switching already exceeding $1,000 a month, that lock-in will only deepen."

Coastal Luxury Cools While Inland Cities Hold Firm
City-level data reveals a market of sharp contrasts. Luxury coastal enclaves, where rents are higher, absorbed the steepest declines, with Beverly Hills falling 9.3% to $4,574 and Santa Monica dropping 2.6% to $4,187. Meanwhile, walkable, transit-connected cities held firm, with Pasadena gaining 5.8% to $2,823 and Long Beach rising 2.4% to $2,624

City-Level Rents Across LA County, 2026Q1

City

Median Asking Rent

Rent YoY

Malibu

$14,871

-3.6 %

Beverly Hills

$4,574

-9.3 %

Santa Monica

$4,187

-2.6 %

City of Los Angeles

$2,682

-3.5 %

Pasadena

$2,823

+5.8 %

Culver City

$2,821

+0.2 %

Long Beach

$2,624

+2.4 %

LA Renters Stay Local
Demand for LA County rentals is overwhelmingly homegrown. In Q1 2026, nearly two-thirds (60.6%) of online traffic to LA County rental listings on Realtor.com® originated from within the county itself, with another 18.9% from elsewhere in California. Out-of-state interest accounted for 16.6% of traffic, and international interest represented 3.8%, suggesting the market's trajectory is closely tied to the economic fortunes of its existing residents.

Small Apartments Are Leading the Decline
The steepest rent declines are concentrated among smaller apartments. The median asking rent for 0-2 bedroom units dropped $135, or 5.7%, year-over-year to $2,241, while three-bedroom-plus units saw a more modest decline of $103, or 2.8%, to $3,585.

LA County Rents by Unit Size-2026Q1

Unit Size

Median Asking Rent

Rent YoY

vs. Peak

Overall

$2,520

-3.7 %

-10.6 %

0-2 beds

$2,241

-5.7 %

-9.2 %

3+ beds

$3,585

-2.8 %

-12.2 %

Methodology
LA rental data as of 2026Q1 for all units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within LA county. To calculate the median asking rent for each quarter, we first obtain the median asking rent for each month within that quarter and then take the average of the three months.

About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media contact: Emily Do, [email protected]

SOURCE Realtor.com

Original source text

/PRNewswire/ -- With Mother's Day around the corner, nearly 3 million owner-occupied homes across the country have at least two mothers living under one roof

Original source text

/PRNewswire/ -- Zillow and Realtor.com today set a new standard for pre-market transparency in residential real estate - one in which more buyers can see

Original source text

Urban new builds account for just 11% of listings but carry a 78% price premium AUSTIN, Texas, May 7, 2026 /PRNewswire/ -- Realtor.com® today released its first quarter 2026 New Construction Insights Report, revealing a tale of two housing markets: an urban new construction market defined by scarcity and steep premiums, and a suburban one marked by stability and competitive pricing. The report finds that while new construction has shown remarkable resilience overall, where new homes are being built is shaping who can afford them and how much they will pay.

Original source text

NEW YORK--(BUSINESS WIRE)--News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended March 31, 2026.

Commenting on the results, Chief Executive Robert Thomson said:

“News Corp has again delivered resounding results this quarter, and we remain on track for another year of record profitability given the strength seen thus far in the fourth quarter. For the third quarter of fiscal 2026, our total revenue rose 9 percent to $2.2 billion, while net income from continuing operations rose 13 percent to $121 million and Total Segment EBITDA increased a robust 18 percent to $343 million. Both EPS and Adjusted EPS were also notably higher.

The third quarter was compelling evidence of the transformation of our business, and demonstrated the robustness of our core growth engines, which we expect will propel us towards a strong fiscal finish. Given our firm belief that the current share price does not reflect the intrinsic value of the company or its prospects, we have continued to execute our enhanced buyback program at an accelerated rate.

Our confidence comes as the world is grappling with the potential impact of AI. We are an AI inputs company and that fact was reflected in our recent deal with Meta, which complements our partnership with OpenAI. We are in discussions with other companies who recognize the preciousness of provenance, and these potential deals should have a positive impact on our revenue and profitability.

We are also tracking a number of dodgy digital firms scraping illicitly, illegally our precious content and shamelessly reselling this purloined property. We have these baleful bad-boy bots in our sights and intend to pursue them vigorously. And we believe companies that willingly buy this stolen content from these nefarious fences are also culpable.”

THIRD QUARTER RESULTS

The Company reported fiscal 2026 third quarter total revenues of $2.19 billion, a 9% increase compared to $2.01 billion in the prior year period, primarily driven by higher real estate revenues at the Digital Real Estate Services segment, higher circulation and subscription revenues at the Dow Jones segment and higher sales at the Book Publishing segment. Results included an $88 million, or 5%, positive impact from foreign currency fluctuations. Adjusted Revenues (which excludes the foreign currency impact, acquisitions and divestitures as defined in Note 2) increased 4% compared to the prior year.

Net income from continuing operations for the quarter was $121 million, a 13% increase compared to $107 million in the prior year, primarily driven by higher Total Segment EBITDA, partially offset by higher tax expense.

The Company reported third quarter Total Segment EBITDA of $343 million, an 18% increase compared to $290 million in the prior year primarily due to strong contributions from the Digital Real Estate Services and Dow Jones segments and lower employee costs in the Other segment. Adjusted Total Segment EBITDA (as defined in Note 2) increased 13%.

Net income from continuing operations per share attributable to News Corporation stockholders was $0.16 as compared to $0.14 in the prior year. Adjusted EPS (as defined in Note 3) were $0.21 compared to $0.17 in the prior year.

SEGMENT REVIEW

For the three months ended

March 31,

For the nine months ended

March 31,

2026

2025

%

Change

2026

2025

%

Change

(in millions)

Better/

(Worse)

(in millions)

Better/

(Worse)

Revenues:

Dow Jones

$

619

$

575

8

%

$

1,853

$

1,727

7

%

Digital Real Estate Services

473

406

17

%

1,463

1,336

10

%

Book Publishing

555

514

8

%

1,722

1,655

4

%

News Media

538

514

5

%

1,653

1,625

2

%

Other

—

—

—

%

—

—

—

%

Total Revenues

$

2,185

$

2,009

9

%

$

6,691

$

6,343

5

%

Segment EBITDA:

Dow Jones

$

147

$

132

11

%

$

482

$

437

10

%

Digital Real Estate Services

155

124

25

%

519

449

16

%

Book Publishing

73

64

14

%

230

246

(7

)%

News Media

15

33

(55

)%

115

125

(8

)%

Other

(47

)

(63

)

25

%

(142

)

(164

)

13

%

Total Segment EBITDA

$

343

$

290

18

%

$

1,204

$

1,093

10

%

Dow Jones

Revenues in the quarter increased $44 million, or 8%, compared to the prior year, driven by continued growth in the professional information business and higher digital advertising revenues. Results included a $7 million, or 2%, positive impact from foreign currency fluctuations. Digital revenues at Dow Jones in the quarter represented 84% of total revenues compared to 82% in the prior year. Adjusted Revenues increased 6%.

Circulation and subscription revenues increased $33 million, or 7%, reflecting an 11% increase in professional information business revenues, led by 19% growth in Risk & Compliance revenues to $100 million, which includes a modest contribution from recent acquisitions, and 12% growth in Dow Jones Energy revenues to $77 million. Circulation revenues increased 1% compared to the prior year driven by the conversion of customers from introductory promotions to higher pricing and the continued growth in digital-only subscriptions, partly offset by lower print volume and the absence of a licensing revenue timing benefit in the prior year. Digital circulation revenues accounted for 76% of circulation revenues for the quarter, compared to 75% in the prior year.

During the third quarter, total average subscriptions to Dow Jones’ consumer products were over 6.5 million, a 7% increase compared to the prior year. Digital-only subscriptions to Dow Jones’ consumer products grew 9% to nearly 6.1 million. Total subscriptions to The Wall Street Journal grew 8% compared to the prior year, to 4.7 million average subscriptions in the quarter. Digital-only subscriptions to The Wall Street Journal grew 11% to 4.3 million average subscriptions in the quarter, driven by growth in enterprise subscriptions, and represented 92% of total Wall Street Journal subscriptions.

For the three months ended March 31,

2026

2025

% Change

(in thousands, except %)

Better/(Worse)

The Wall Street Journal

Digital-only subscriptions

4,332

3,913

11

%

Total subscriptions

4,707

4,339

8

%

Barron’s Group

Digital-only subscriptions

1,438

1,368

5

%

Total subscriptions

1,530

1,485

3

%

Total Consumer

Digital-only subscriptions

6,064

5,543

9

%

Total subscriptions

6,546

6,103

7

%

Advertising revenues for the quarter increased $5 million, or 6%, driven by digital advertising revenues, which grew 13%, partially offset by a 6% decrease in print advertising revenues. Digital advertising accounted for 67% of total advertising revenues for the quarter, compared to 63% in the prior year.

Segment EBITDA for the quarter increased $15 million, or 11%, primarily as a result of the higher revenues discussed above, partially offset by higher employee costs. Adjusted Segment EBITDA increased 12%.

On March 16th, 2026, News Corp hosted a Dow Jones investor briefing in New York, announcing, among other things, a pathway to $1 billion in annual Segment EBITDA within five years(1), which should benefit from strong growth in Risk & Compliance and Dow Jones Energy.

Investor briefing materials can be located on the News Corp Investor Relations website: https://newscorp.com/news-corp-quarterly-earnings-reports/investor-presentation-dow-jones-investor-briefing-2026/.

Digital Real Estate Services

Revenues in the quarter increased $67 million, or 17%, compared to the prior year, driven by higher revenues at both REA Group and Move. Segment EBITDA in the quarter increased $31 million, or 25%, compared to the prior year, due to higher contribution from REA Group and improved results at Move. Adjusted Revenues and Adjusted Segment EBITDA increased 8% and 16%, respectively.

In the quarter, revenues at REA Group increased $54 million, or 20%, to $325 million, driven by a $31 million, or 12%, positive impact from foreign currency fluctuations, higher Australian residential revenues due to price increases, growth in add-on products and geographical mix and higher financial services revenues. Strong Australian revenues were partly offset by a decrease in REA India revenues due to the sale of PropTiger and the closure of Housing Edge. Australian national residential buy listing volumes in the quarter were up 1% compared to the prior year, with listings in Sydney up 4% and Melbourne up 7%.

Move’s revenues in the quarter increased $13 million, or 10%, to $148 million, primarily as a result of higher sales of RealPRO SelectSM, as Move shifts its focus to more premium offerings with higher revenues per lead, and revenue growth in seller, new homes and rentals. Based on Move’s internal data, average monthly unique users of Realtor.com®’s web and mobile sites for the fiscal third quarter were 66 million, or flat compared to the prior year. Lead volume rose 6% compared to the prior year period. Monthly average visits for the third quarter for Realtor.com®, according to Comscore, were 261 million.

Book Publishing

Revenues in the quarter increased $41 million, or 8%, compared to the prior year, driven by higher physical and digital book sales led by Rachel Reid’s Game Changers, and a $6 million impact from recent acquisitions. The increase included a $12 million, or 2%, positive impact from foreign currency fluctuations. Adjusted Revenues increased 4%.

Digital sales increased 11% compared to the prior year driven by an increase in e-book and audiobook sales. Digital sales represented 26% of consumer revenues for the quarter compared to 25% for the prior year period. Backlist sales represented approximately 64% of consumer revenues in the quarter compared to 65% in the prior year.

Segment EBITDA for the quarter increased $9 million, or 14%, compared to the prior year, primarily due to the higher revenues discussed above, partially offset by higher costs due to higher sales volume. Adjusted Segment EBITDA also increased 14%.

News Media

Revenues in the quarter increased $24 million, or 5%, compared to the prior year, primarily due to a $38 million, or 8%, positive impact from foreign currency fluctuations. Adjusted Revenues for the segment decreased 2% compared to the prior year.

Circulation and subscription revenues increased $20 million, or 7%, compared to the prior year, due to a $21 million, or 7%, positive impact from foreign currency fluctuations, increased cover and subscription pricing and digital subscriber growth, partially offset by print volume declines.

Advertising revenues increased $5 million, or 3%, compared to the prior year, primarily due to a $13 million, or 7%, positive impact from foreign currency fluctuations and higher digital advertising revenues, partially offset by lower print advertising revenues, notably at News UK.

In the quarter, Segment EBITDA decreased $18 million, or 55%, compared to the prior year, primarily driven by lower contribution from News UK and costs related to the recently launched California Post. Adjusted Segment EBITDA decreased 61%.

Digital revenues represented 40% of News Media segment revenues in the quarter, compared to 39% in the prior year, and represented 38% of the combined revenues of the newspaper mastheads. Digital subscribers and users across key properties within the News Media segment are summarized below:

Closing digital subscribers at News Corp Australia as of March 31, 2026 were 1,171,000 (992,000 for news mastheads), compared to 1,148,000 (981,000 for news mastheads) in the prior year (Source: Internal data) The Times and Sunday Times closing digital subscribers, including the Times Literary Supplement, as of March 31, 2026 were 676,000, compared to 629,000 in the prior year (Source: Internal data). The Sun’s digital offering reached 65 million global monthly unique users in March 2026, compared to 74 million in the prior year (Source: Meta Pixel) New York Post’s digital network reached 78 million unique users in March 2026, compared to 85 million in the prior year (Source: Google Analytics) CASH FLOW

The following table presents a reconciliation of net cash provided by operating activities from continuing operations to free cash flow:

For the nine months ended

March 31,

2026

2025

(in millions)

Net cash provided by operating activities from continuing operations

$

815

$

789

Less: Capital expenditures

(280

)

(250

)

Free cash flow

$

535

$

539

Net cash provided by operating activities from continuing operations of $815 million for the nine months ended March 31, 2026 was $26 million higher than net cash provided by operating activities from continuing operations of $789 million in the prior year, primarily due to higher Total Segment EBITDA, partially offset by higher working capital due to the timing of payments and higher tax payments.

Free cash flow in the nine months ended March 31, 2026 was $535 million compared to $539 million in the prior year. The decrease in free cash flow was primarily due to higher capital expenditures, partially offset by higher cash provided by operating activities from continuing operations. News Corp expects strong growth in free cash flow generation for the full fiscal year despite moderately higher capital expenditures.

Free cash flow is a non-GAAP financial measure. Free cash flow is defined as net cash provided by (used in) operating activities from continuing operations less capital expenditures. Free cash flow excludes cash flows from discontinued operations. Free cash flow may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what items should be included in the calculation of free cash flow.

Free cash flow does not represent the total increase or decrease in the cash balance for the period and should be considered in addition to, not as a substitute for, the net change in cash and cash equivalents as presented in the Company’s consolidated statements of cash flows prepared in accordance with GAAP, which incorporates all cash movements during the period.

The Company believes free cash flow provides useful information to management and investors about the Company’s liquidity and cash flow trends.

COMPARISON OF NON-GAAP TO U.S. GAAP INFORMATION

Adjusted Revenues, Total Segment EBITDA, Adjusted Total Segment EBITDA, Adjusted Segment EBITDA, adjusted net income attributable to News Corporation stockholders, Adjusted EPS, constant currency revenues and free cash flow are non-GAAP financial measures contained in this earnings release. The Company believes these measures are important tools for investors and analysts to use in assessing the Company’s underlying business performance and to provide for more meaningful comparisons of the Company’s operating performance between periods. These measures also allow investors and analysts to view the Company’s business from the same perspective as Company management. These non-GAAP measures may be different than similar measures used by other companies and should be considered in addition to, not as a substitute for, measures of financial performance calculated in accordance with GAAP. Reconciliations for the differences between non-GAAP measures used in this earnings release and comparable financial measures calculated in accordance with U.S. GAAP are included in Notes 1, 2, 3 and 4 and the reconciliation of net cash provided by operating activities from continuing operations to free cash flow is included above.

Footnotes

(1) Forward-looking view of Dow Jones Segment EBITDA is not a profit forecast.

Conference call

News Corporation’s earnings conference call can be heard live at 5:00 p.m. EDT on May 7, 2026. To listen to the call, please visit http://investors.newscorp.com.

Cautionary Statement Concerning Forward-Looking Statements

This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding trends and uncertainties affecting the Company’s business, results of operations and financial condition, Dow Jones’ business, the Company’s strategy and strategic initiatives, including potential acquisitions, investments and dispositions, the Company’s cost savings initiatives and the outcome of contingencies such as litigation and investigations. These statements are based on management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to the risks, uncertainties and other factors described in the Company’s filings with the Securities and Exchange Commission. More detailed information about factors that could affect future results is contained in our filings with the Securities and Exchange Commission. The “forward-looking statements” included in this document are made only as of the date of this document and we do not have and do not undertake any obligation to publicly update any “forward-looking statements” to reflect subsequent events or circumstances, and we expressly disclaim any such obligation, except as required by law or regulation.

About News Corporation

News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: www.newscorp.com.

NEWS CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited; in millions, except per share amounts)

For the three months ended
March 31,

For the nine months ended
March 31,

2026

2025

2026

2025

Revenues:

Circulation and subscription

$

809

$

755

$

2,383

$

2,243

Advertising

322

308

1,028

1,014

Consumer

530

492

1,647

1,585

Real estate

365

318

1,136

1,052

Other

159

136

497

449

Total Revenues

2,185

2,009

6,691

6,343

Operating expenses

(952

)

(904

)

(2,901

)

(2,819

)

Selling, general and administrative

(890

)

(815

)

(2,586

)

(2,431

)

Depreciation and amortization

(122

)

(114

)

(357

)

(339

)

Impairment and restructuring charges

(18

)

(13

)

(67

)

(51

)

Equity losses of affiliates

(1

)

—

(5

)

(11

)

Interest income (expense), net

5

1

20

(2

)

Other, net

(18

)

(13

)

(27

)

101

Income before income tax expense from continuing operations

189

151

768

791

Income tax expense from continuing operations

(68

)

(44

)

(255

)

(229

)

Net income from continuing operations

121

107

513

562

Net income from discontinued operations, net of tax

—

30

—

2

Net income

121

137

513

564

Net income attributable to noncontrolling interests from continuing operations

(32

)

(26

)

(119

)

(135

)

Net (income) loss attributable to noncontrolling interests from discontinued operations

—

(8

)

—

8

Net income attributable to News Corporation stockholders

$

89

$

103

$

394

$

437

Weighted-average shares outstanding

Basic

554.0

567.2

559.8

568.3

Diluted

555.7

569.5

561.5

570.3

Net income attributable to News Corporation stockholders per share:

Basic

Continuing operations

$

0.16

$

0.14

$

0.70

$

0.75

Discontinued operations

$

—

$

0.04

$

—

$

0.02

$

0.16

$

0.18

$

0.70

$

0.77

Diluted

Continuing operations

$

0.16

$

0.14

$

0.70

$

0.75

Discontinued operations

$

—

$

0.04

$

—

$

0.02

$

0.16

$

0.18

$

0.70

$

0.77

NEWS CORPORATION

CONSOLIDATED BALANCE SHEETS

(Unaudited; in millions)

As of March 31, 2026

As of June 30, 2025

ASSETS

Current assets:

Cash and cash equivalents

$

2,171

$

2,403

Receivables, net

1,778

1,562

Inventory, net

303

327

Other current assets

327

519

Total current assets

4,579

4,811

Non-current assets:

Investments

1,000

1,016

Property, plant and equipment, net

1,350

1,331

Operating lease right-of-use assets

765

789

Intangible assets, net

1,877

1,930

Goodwill

4,485

4,373

Deferred income tax assets, net

186

254

Other non-current assets

1,274

1,000

Total assets

$

15,516

$

15,504

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable

$

384

$

335

Accrued expenses

1,041

1,036

Deferred revenue

556

498

Current borrowings

—

25

Other current liabilities

709

714

Total current liabilities

2,690

2,608

Non-current liabilities:

Borrowings

1,988

1,937

Retirement benefit obligations

115

117

Deferred income tax liabilities, net

54

57

Operating lease liabilities

854

904

Other non-current liabilities

534

492

Commitments and contingencies

Equity:

Class A common stock

4

4

Class B common stock

2

2

Additional paid-in capital

10,567

11,058

Accumulated deficit

(452

)

(747

)

Accumulated other comprehensive loss

(1,537

)

(1,543

)

Total News Corporation stockholders' equity

8,584

8,774

Noncontrolling interests

697

615

Total equity

9,281

9,389

Total liabilities and equity

$

15,516

$

15,504

NEWS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited; in millions)

For the nine months ended
March 31,

2026

2025

Operating activities:

Net income

$

513

$

564

Net loss (income) from discontinued operations, net of tax

—

(2

)

Net income from continuing operations

513

562

Adjustments to reconcile net income from continuing operations to net cash provided by operating activities from continuing operations:

Depreciation and amortization

357

339

Operating lease expense

51

55

Equity losses of affiliates

5

11

Impairment charges

17

2

Deferred income taxes

69

83

Other, net

31

(99

)

Change in operating assets and liabilities, net of acquisitions:

Receivables and other assets

(270

)

(95

)

Inventories, net

32

(49

)

Accounts payable and other liabilities

10

(20

)

Net cash provided by operating activities from continuing operations

815

789

Investing activities:

Capital expenditures

(280

)

(250

)

Proceeds from sales of property, plant and equipment

1

—

Acquisitions, net of cash acquired

(96

)

(53

)

Purchases of investments in equity affiliates and other

(53

)

(141

)

Proceeds from sales of investments in equity affiliates and other

65

263

Other, net

(16

)

(13

)

Net cash used in investing activities from continuing operations

(379

)

(194

)

Financing activities:

Borrowings

125

61

Repayment of borrowings

(100

)

(200

)

Repurchase of News Corp shares

(456

)

(114

)

Dividends paid

(149

)

(128

)

Other, net

(96

)

(44

)

Net cash used in financing activities from continuing operations

(676

)

(425

)

Cash flows from discontinued operations:

Net cash (used in) provided by operating activities from discontinued operations

(6

)

157

Net cash used in investing activities from discontinued operations

—

(65

)

Net cash used in financing activities from discontinued operations

—

(39

)

Net cash (used in) provided by discontinued operations

(6

)

53

Net change in cash, cash equivalents and restricted cash, including discontinued operations

(246

)

223

Effect of exchange rate changes on cash, cash equivalents and restricted cash, including discontinued operations

14

(12

)

Cash, cash equivalents and restricted cash, including discontinued operations, beginning of year

2,403

1,960

Cash, cash equivalents and restricted cash, including discontinued operations, end of period

2,171

2,171

Less: Cash and cash equivalents at end of period of discontinued operations

—

(76

)

Cash and cash equivalents

$

2,171

$

2,095

NOTE 1 – TOTAL SEGMENT EBITDA

Segment EBITDA is defined as revenues less operating expenses and selling, general and administrative expenses. Segment EBITDA does not include: depreciation and amortization, impairment and restructuring charges, equity losses of affiliates, interest (expense) income, net, other, net, income tax (expense) benefit and net income (loss) from discontinued operations, net of tax. Management believes that Segment EBITDA is an appropriate measure for evaluating the operating performance of the Company’s business segments because it is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of and allocate resources within the Company’s businesses. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences).

Total Segment EBITDA is a non-GAAP measure and should be considered in addition to, not as a substitute for, net income (loss) from continuing operations, cash flow from continuing operations and other measures of financial performance reported in accordance with GAAP. In addition, this measure does not reflect cash available to fund requirements and excludes items, such as depreciation and amortization and impairment and restructuring charges, which are significant components in assessing the Company’s financial performance. The Company believes that the presentation of Total Segment EBITDA provides useful information regarding the Company’s operations and other factors that affect the Company’s reported results. Specifically, the Company believes that by excluding certain one-time or non-cash items such as impairment and restructuring charges and depreciation and amortization, as well as potential distortions between periods caused by factors such as financing and capital structures and changes in tax positions or regimes, the Company provides users of its consolidated financial statements with insight into both its core operations as well as the factors that affect reported results between periods but which the Company believes are not representative of its core business. As a result, users of the Company’s consolidated financial statements are better able to evaluate changes in the core operating results of the Company across different periods. The following tables reconcile net income from continuing operations to Total Segment EBITDA for the three and nine months ended March 31, 2026 and 2025:

For the three months ended March 31,

2026

2025

Change

% Change

(in millions)

Net income from continuing operations

121

107

14

13

%

Reconciling items:

Income tax expense from continuing operations

68

44

24

55

%

Other, net

18

13

5

38

%

Interest income, net

(5

)

(1

)

(4

)

(400

)%

Equity losses of affiliates

1

—

1

**

Impairment and restructuring charges

18

13

5

38

%

Depreciation and amortization

122

114

8

7

%

Total Segment EBITDA

$

343

$

290

$

53

18

%

For the nine months ended March 31,

2026

2025

Change

% Change

(in millions)

Net income from continuing operations

513

562

(49

)

(9

)%

Reconciling items:

Income tax expense from continuing operations

255

229

26

11

%

Other, net

27

(101

)

128

**

Interest (income) expense, net

(20

)

2

(22

)

**

Equity losses of affiliates

5

11

(6

)

(55

)%

Impairment and restructuring charges

67

51

16

31

%

Depreciation and amortization

357

339

18

5

%

Total Segment EBITDA

$

1,204

$

1,093

$

111

10

%

** Not meaningful

NOTE 2 – ADJUSTED REVENUES, ADJUSTED TOTAL SEGMENT EBITDA AND ADJUSTED SEGMENT EBITDA

The Company uses revenues, Total Segment EBITDA and Segment EBITDA excluding the impact of acquisitions, divestitures, fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World (the “U.K. Newspaper Matters”), charges for other significant, non-ordinary course legal or regulatory matters (“litigation charges”) and foreign currency fluctuations (“Adjusted Revenues,” “Adjusted Total Segment EBITDA” and “Adjusted Segment EBITDA,” respectively) to evaluate the performance of the Company’s core business operations exclusive of certain items that impact the comparability of results from period to period such as the unpredictability and volatility of currency fluctuations. The Company calculates the impact of foreign currency fluctuations for businesses reporting in currencies other than the U.S. dollar by multiplying the results for each quarter in the current period by the difference between the average exchange rate for that quarter and the average exchange rate in effect during the corresponding quarter of the prior year and totaling the impact for all quarters in the current period.

The calculation of Adjusted Revenues, Adjusted Total Segment EBITDA and Adjusted Segment EBITDA may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what type of events warrant adjustment. Adjusted Revenues, Adjusted Total Segment EBITDA and Adjusted Segment EBITDA are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for amounts determined under GAAP as measures of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors.

The following tables reconcile reported revenues and reported Total Segment EBITDA to Adjusted Revenues and Adjusted Total Segment EBITDA for the three and nine months ended March 31, 2026 and 2025:

Revenues

Total Segment EBITDA

For the three months ended March 31,

For the three months ended March 31,

2026

2025

Difference

2026

2025

Difference

(in millions)

(in millions)

As reported

$

2,185

$

2,009

$

176

$

343

$

290

$

53

Impact of acquisitions

(16

)

—

(16

)

4

—

4

Impact of divestitures

—

(4

)

4

—

—

—

Impact of foreign currency fluctuations

(88

)

—

(88

)

(16

)

—

(16

)

Net impact of U.K. Newspaper Matters

—

—

—

—

4

(4

)

As adjusted

$

2,081

$

2,005

$

76

$

331

$

294

$

37

Revenues

Total Segment EBITDA

For the nine months ended March 31,

For the nine months ended March 31,

2026

2025

Difference

2026

2025

Difference

(in millions)

(in millions)

As reported

$

6,691

$

6,343

$

348

$

1,204

$

1,093

$

111

Impact of acquisitions

(52

)

—

(52

)

9

—

9

Impact of divestitures

(3

)

(15

)

12

1

3

(2

)

Impact of foreign currency fluctuations

(118

)

—

(118

)

(20

)

—

(20

)

Net impact of U.K. Newspaper Matters

—

—

—

1

10

(9

)

As adjusted

$

6,518

$

6,328

$

190

$

1,195

$

1,106

$

89

Foreign Exchange Rates

Average foreign exchange rates used in the calculation of the impact of foreign currency fluctuations for the three and nine months ended March 31, 2026 and 2025 are as follows:

Fiscal Year 2026

Q1

Q2

Q3

U.S. Dollar per Australian Dollar

$0.65

$0.66

$0.69

U.S. Dollar per British Pound Sterling

$1.35

$1.33

$1.35

Fiscal Year 2025

Q1

Q2

Q3

U.S. Dollar per Australian Dollar

$0.67

$0.65

$0.63

U.S. Dollar per British Pound Sterling

$1.30

$1.28

$1.26

Adjusted Revenues and Adjusted Segment EBITDA by segment for the three and nine months ended March 31, 2026 and 2025 are as follows:

For the three months ended March 31,

2026

2025

% Change

(in millions)

Better/(Worse)

Adjusted Revenues:

Dow Jones

$

607

$

575

6

%

Digital Real Estate Services

437

404

8

%

Book Publishing

537

514

4

%

News Media

500

512

(2

)%

Other

—

—

—

%

Adjusted Total Revenues

$

2,081

$

2,005

4

%

Adjusted Segment EBITDA:

Dow Jones

$

148

$

132

12

%

Digital Real Estate Services

144

124

16

%

Book Publishing

73

64

14

%

News Media

13

33

(61

)%

Other

(47

)

(59

)

20

%

Adjusted Total Segment EBITDA

$

331

$

294

13

%

For the nine months ended March 31,

2026

2025

% Change

(in millions)

Better/(Worse)

Adjusted Revenues:

Dow Jones

$

1,823

$

1,727

6

%

Digital Real Estate Services

1,428

1,330

7

%

Book Publishing

1,669

1,655

1

%

News Media

1,598

1,616

(1

)%

Other

—

—

—

%

Adjusted Total Revenues

$

6,518

$

6,328

3

%

Adjusted Segment EBITDA:

Dow Jones

$

483

$

437

11

%

Digital Real Estate Services

515

450

14

%

Book Publishing

228

246

(7

)%

News Media

110

127

(13

)%

Other

(141

)

(154

)

8

%

Adjusted Total Segment EBITDA

$

1,195

$

1,106

8

%

The following tables reconcile reported revenues and Segment EBITDA by segment to Adjusted Revenues and Adjusted Segment EBITDA by segment for the three and nine months ended March 31, 2026 and 2025:

For the three months ended March 31, 2026

As

Reported

Impact of Acquisitions

Impact of

Divestitures

Impact of

Foreign

Currency

Fluctuations

Net Impact

of U.K.

Newspaper

Matters

As Adjusted

(in millions)

Revenues:

Dow Jones

$

619

$

(5

)

$

—

$

(7

)

$

—

$

607

Digital Real Estate Services

473

(5

)

—

(31

)

—

437

Book Publishing

555

(6

)

—

(12

)

—

537

News Media

538

—

—

(38

)

—

500

Other

—

—

—

—

—

—

Total Revenues

$

2,185

$

(16

)

$

—

$

(88

)

$

—

$

2,081

Segment EBITDA:

Dow Jones

$

147

$

1

$

—

$

—

$

—

$

148

Digital Real Estate Services

155

3

—

(14

)

—

144

Book Publishing

73

—

—

—

—

73

News Media

15

—

—

(2

)

—

13

Other

(47

)

—

—

—

—

(47

)

Total Segment EBITDA

$

343

$

4

$

—

$

(16

)

$

—

$

331

For the three months ended March 31, 2025

As

Reported

Impact of Acquisitions

Impact of Divestitures

Impact of

Foreign

Currency Fluctuations

Net Impact

of U.K.

Newspaper

Matters

As Adjusted

(in millions)

Revenues:

Dow Jones

$

575

$

—

$

—

$

—

$

—

$

575

Digital Real Estate Services

406

—

(2

)

—

—

404

Book Publishing

514

—

—

—

—

514

News Media

514

—

(2

)

—

—

512

Other

—

—

—

—

—

—

Total Revenues

$

2,009

$

—

$

(4

)

$

—

$

—

$

2,005

Segment EBITDA:

Dow Jones

$

132

$

—

$

—

$

—

$

—

$

132

Digital Real Estate Services

124

—

—

—

—

124

Book Publishing

64

—

—

—

—

64

News Media

33

—

—

—

—

33

Other

(63

)

—

—

—

4

(59

)

Total Segment EBITDA

$

290

$

—

$

—

$

—

$

4

$

294

For the nine months ended March 31, 2026

As

Reported

Impact of Acquisitions

Impact of Divestitures

Impact of

Foreign

Currency

Fluctuations

Net Impact

of U.K.

Newspaper

Matters

As Adjusted

(in millions)

Revenues:

Dow Jones

$

1,853

$

(15

)

$

—

$

(15

)

$

—

$

1,823

Digital Real Estate Services

1,463

(9

)

(1

)

(25

)

—

1,428

Book Publishing

1,722

(28

)

—

(25

)

—

1,669

News Media

1,653

—

(2

)

(53

)

—

1,598

Other

—

—

—

—

—

—

Total Revenues

$

6,691

$

(52

)

$

(3

)

$

(118

)

$

—

$

6,518

Segment EBITDA:

Dow Jones

$

482

$

2

$

—

$

(1

)

$

—

$

483

Digital Real Estate Services

519

6

1

(11

)

—

515

Book Publishing

230

1

—

(3

)

—

228

News Media

115

—

—

(5

)

—

110

Other

(142

)

—

—

—

1

(141

)

Total Segment EBITDA

$

1,204

$

9

$

1

$

(20

)

$

1

$

1,195

For the nine months ended March 31, 2025

As

Reported

Impact of Acquisitions

Impact of Divestitures

Impact of

Foreign

Currency

Fluctuations

Net Impact

of U.K.

Newspaper

Matters

As Adjusted

(in millions)

Revenues:

Dow Jones

$

1,727

$

—

$

—

$

—

$

—

$

1,727

Digital Real Estate Services

1,336

—

(6

)

—

—

1,330

Book Publishing

1,655

—

—

—

—

1,655

News Media

1,625

—

(9

)

—

—

1,616

Other

—

—

—

—

—

—

Total Revenues

$

6,343

$

—

$

(15

)

$

—

$

—

$

6,328

Segment EBITDA:

Dow Jones

$

437

$

—

$

—

$

—

$

—

$

437

Digital Real Estate Services

449

—

1

—

—

450

Book Publishing

246

—

—

—

—

246

News Media

125

—

2

—

—

127

Other

(164

)

—

—

—

10

(154

)

Total Segment EBITDA

$

1,093

$

—

$

3

$

—

$

10

$

1,106

NOTE 3 – ADJUSTED NET INCOME (LOSS) ATTRIBUTABLE TO NEWS CORPORATION STOCKHOLDERS AND ADJUSTED EPS

The Company uses net income (loss) attributable to News Corporation stockholders from continuing operations and diluted earnings per share from continuing operations (“EPS”) excluding expenses related to U.K. Newspaper Matters, litigation charges, impairment and restructuring charges and “Other, net”, net of tax, recognized by the Company or its equity method investees, as well as the settlement of certain pre-Separation tax matters (“adjusted net income (loss) attributable to News Corporation stockholders” and “adjusted EPS,” respectively), to evaluate the performance of the Company’s operations exclusive of certain items that impact the comparability of results from period to period, as well as certain non-operational items. The calculation of adjusted net income (loss) attributable to News Corporation stockholders and adjusted EPS may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what type of events warrant adjustment. Adjusted net income (loss) attributable to News Corporation stockholders and adjusted EPS are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for consolidated net income (loss) attributable to News Corporation stockholders from continuing operations and net income (loss) per share from continuing operations as determined under GAAP as a measure of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors.

The following tables reconcile reported net income attributable to News Corporation stockholders from continuing operations and reported diluted EPS to adjusted net income attributable to News Corporation stockholders and adjusted EPS for the three and nine months ended March 31, 2026 and 2025:

For the three months ended

March 31, 2026

For the three months ended

March 31, 2025

(in millions, except per share data)

Net income

attributable to

stockholders

EPS

Net income

attributable to

stockholders

EPS

Net income from continuing operations

$

121

$

107

Less: Net income attributable to noncontrolling interests from continuing operations

(32

)

(26

)

Net income attributable to News Corporation stockholders from continuing operations

$

89

$

0.16

$

81

$

0.14

U.K. Newspaper Matters

—

—

4

0.01

Impairment and restructuring charges

18

0.03

13

0.02

Other, net

18

0.03

13

0.02

Tax impact on items above

(6

)

(0.01

)

(15

)

(0.02

)

Impact of noncontrolling interest on items above

(1

)

—

2

—

As adjusted

$

118

$

0.21

$

98

$

0.17

For the nine months ended

March 31, 2026

For the nine months ended

March 31, 2025

(in millions, except per share data)

Net income

attributable to

stockholders

EPS

Net income

attributable to

stockholders

EPS

Net income from continuing operations

$

513

$

562

Less: Net income attributable to noncontrolling interests from continuing operations

(119

)

(135

)

Net income attributable to News Corporation stockholders from continuing operations

$

394

$

0.70

$

427

$

0.75

U.K. Newspaper Matters

1

—

10

0.02

Impairment and restructuring charges

67

0.12

51

0.09

Other, net

27

0.05

(101

)

(0.18

)

Tax impact on items above

(22

)

(0.04

)

(18

)

(0.03

)

Impact of noncontrolling interest on items above

—

—

35

0.06

As adjusted

$

467

$

0.83

$

404

$

0.71

NOTE 4 – CONSTANT CURRENCY REVENUES

The Company believes that the presentation of revenues excluding the impact of foreign currency fluctuations (“constant currency revenues”) provides useful information regarding the performance of the Company’s core business operations exclusive of distortions between periods caused by the unpredictability and volatility of currency fluctuations. The Company calculates the impact of foreign currency fluctuations for businesses reporting in currencies other than the U.S. dollar as described in Note 2.

Constant currency revenues are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for revenues as determined under GAAP as measures of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors.

The following tables reconcile reported revenues to constant currency revenues for the three and nine months ended March 31, 2026:

Q3 Fiscal

2025

Q3 Fiscal

2026

FX impact

Q3 Fiscal

2026

constant

currency

% Change -

reported

% Change -

constant

currency

($ in millions)

Better/(Worse)

Consolidated results:

Circulation and subscription

$

755

$

809

$

28

$

781

7

%

3

%

Advertising

308

322

14

308

5

%

—

%

Consumer

492

530

12

518

8

%

5

%

Real estate

318

365

24

341

15

%

7

%

Other

136

159

10

149

17

%

10

%

Total revenues

$

2,009

$

2,185

$

88

$

2,097

9

%

4

%

Dow Jones:

Circulation and subscription

$

478

$

511

$

7

$

504

7

%

5

%

Advertising

86

91

—

91

6

%

6

%

Other

11

17

—

17

55

%

55

%

Total Dow Jones segment revenues

$

575

$

619

$

7

$

612

8

%

6

%

Digital Real Estate Services:

Circulation and subscription

$

1

$

2

$

—

$

2

100

%

100

%

Advertising

36

40

1

39

11

%

8

%

Real estate

318

365

24

341

15

%

7

%

Other

51

66

6

60

29

%

18

%

Total Digital Real Estate Services segment revenues

$

406

$

473

$

31

$

442

17

%

9

%

REA Group revenues

$

271

$

325

$

31

$

294

20

%

8

%

Q3 Fiscal

2025

Q3 Fiscal

2026

FX impact

Q3 Fiscal

2026

constant

currency

% Change -

reported

% Change -

constant

currency

($ in millions)

Better/(Worse)

Book Publishing:

Consumer

$

492

$

530

$

12

$

518

8

%

5

%

Other

22

25

—

25

14

%

14

%

Total Book Publishing segment revenues

$

514

$

555

$

12

$

543

8

%

6

%

News Media:

Circulation and subscription

$

276

$

296

$

21

$

275

7

%

—

%

Advertising

186

191

13

178

3

%

(4

)%

Other

52

51

4

47

(2

)%

(10

)%

Total News Media segment revenues

$

514

$

538

$

38

$

500

5

%

(3

)%

Q3 YTD

Fiscal 2025

Q3 YTD

Fiscal 2026

FX impact

Q3 YTD

Fiscal 2026

constant

currency

% Change -

reported

% Change -

constant

currency

($ in millions)

Better/(Worse)

Consolidated results:

Circulation and subscription

$

2,243

$

2,383

$

45

$

2,338

6

%

4

%

Advertising

1,014

1,028

20

1,008

1

%

(1

)%

Consumer

1,585

1,647

25

1,622

4

%

2

%

Real estate

1,052

1,136

19

1,117

8

%

6

%

Other

449

497

9

488

11

%

9

%

Total revenues

$

6,343

$

6,691

$

118

$

6,573

5

%

4

%

Dow Jones:

Circulation and subscription

$

1,398

$

1,499

$

15

$

1,484

7

%

6

%

Advertising

292

309

—

$

309

6

%

6

%

Other

37

45

—

$

45

22

%

22

%

Total Dow Jones segment revenues

$

1,727

$

1,853

$

15

$

1,838

7

%

6

%

Digital Real Estate Services:

Circulation and subscription

$

5

$

6

$

—

$

6

20

%

20

%

Advertising

109

121

1

$

120

11

%

10

%

Real estate

1,052

1,136

19

$

1,117

8

%

6

%

Other

170

200

5

$

195

18

%

15

%

Total Digital Real Estate Services segment revenues

$

1,336

$

1,463

$

25

$

1,438

10

%

8

%

REA Group revenues

$

932

$

1,020

$

25

$

995

9

%

7

%

Book Publishing:

Consumer

1,585

1,647

25

$

1,622

4

%

2

%

Other

70

75

—

$

75

7

%

7

%

Total Book Publishing segment revenues

$

1,655

$

1,722

$

25

$

1,697

4

%

3

%

News Media:

Circulation and subscription

$

840

$

878

$

30

$

848

5

%

1

%

Advertising

613

598

19

$

579

(2

)%

(6

)%

Other

172

177

4

$

173

3

%

1

%

Total News Media segment revenues

$

1,625

$

1,653

$

53

$

1,600

2

%

(2

)%

Original source text

The media company expects record profitability for its full fiscal year.

Original source text

The Post’s parent company News Corp reported better-than-expected quarterly earnings on Thursday, driven by growth in its Dow Jones, digital real estate and book publishing divisions.

The New York-based media giant reported $121 million from continuing operations, or 16 cents a share, compared with income of $107 million, or 14 cents, the prior year. Adjusted earnings per share totaled 21 cents.

Third-quarter revenue grew 9% to $2.19 billion, compared with $2.01 billion a year ago. That beat Wall Street expectations of 16 cents EPS on $2.11 billion revenue.

News Corp reported better-than-expected quarterly earnings, driven by growth in its digital real estate, Dow Jones and book publishing divisions. Getty Images “News Corp has again delivered resounding results this quarter, and we remain on track for another year of record profitability given the strength seen thus far in the fourth quarter,” News Corp CEO Robert Thomson said in a statement.

“The third quarter was compelling evidence of the transformation of our business, and demonstrated the robustness of our core growth engines, which we expect will propel us towards a strong fiscal finish,” he added.

During the quarter, News Corp’s financial results were driven by an 8% increase in revenue to $619 million at its Dow Jones unit, which publishes The Wall Street Journal and MarketWatch. News Corp saw a 17% increase at its real estate division to $473 million and an 8% jump in book publishing revenue to $555 million.

Thomson — who previously blasted AI companies for failing to pay enough for content — trumpeted News Corp’s artificial intelligence partnerships.

“Our confidence comes as the world is grappling with the potential impact of AI. We are an AI inputs company and that fact was reflected in our recent deal with Meta, which complements our partnership with OpenAI,” he said.

Earlier this year, News Corp. struck a multiyear AI content licensing deal with Meta that will pay News Corp up to $50 million a year. In 2024, News Corp agreed to a landmark content licensing deal with OpenAI.

“We are in discussions with other companies who recognize the preciousness of provenance, and these potential deals should have a positive impact on our revenue and profitability,” Thomson said.

News Corp CEO Robert Thomson said the company is “on track for another year of record profitability.” Jordan Strauss/Invision/AP He issued a warning to unscrupulous businesses in the digital space.

“We are also tracking a number of dodgy digital firms scraping illicitly, illegally our precious content and shamelessly reselling this purloined property,” the exec said.

“We have these baleful bad-boy bots in our sights and intend to pursue them vigorously. And we believe companies that willingly buy this stolen content from these nefarious fences are also culpable.”

Original source text

News Corporation (NWSA) Q3 2026 Earnings Call Transcript

Original source text

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Original source text

The Northeast is showing the strongest construction momentum, while the West is falling behind its own historical norms

, /PRNewswire/ -- The U.S. rental market continues to favor renters, and a new wave of supply may keep it that way. According to the Realtor.com® April Rental Report, the national median asking monthly rent across the 50 largest metropolitan areas fell to $1,673 in April 2026, down $29, or 1.7%, year-over-year, marking the 33rd consecutive month of annual declines for 0-2 bedroom properties. At the same time, the robustness of new multi-family construction signals that rental supply relief could continue into the next several years.

While the national median remains $254 (17.9%) above pre-pandemic levels recorded in April 2019, it has fallen $92 (-5.2%) from its August 2022 peak. The multi-family construction pipeline, though pulling back from its historic peak, remains 11.4% above pre-pandemic norms, and a fresh surge in new groundbreakings suggests the downward pressure on rents is not over.

"Many renters have experienced meaningful relief over the past nearly three years, and although completions have slowed, forward-looking indicators are renter friendly," said Danielle Hale, chief economist at Realtor.com®. "New multi-family groundbreakings jumped nearly 20% in the first quarter of 2026, and units that break ground today typically reach the market within 12 to 24 months — so the pipeline points to continued downward pressure on rents well into 2027."

The National Multi-Family Pipeline Remains Strong
The national multi-family construction pipeline remains well above historical norms, even as it pulls back from its peak. The number of multi-family constructions currently being built averaged 684,000 units on a seasonally adjusted annual rate in 2026Q1, down from a peak of 971,000 in 2024Q1, but still 11.4% above the pre-pandemic average of 614,000.

New construction activity picked up sharply in early 2026, with the rate of new multi-family groundbreakings jumping nearly 20% compared to a year ago and running 21.3% above pre-pandemic levels. While the annual completion rate of 470,000 trail behind a year ago, it is still 23% above the pre-pandemic norm. If that pace holds, the total U.S. rental housing stock is on track to grow to over 50.5 million units by 2027Q1, a level 8.5% higher than before the pandemic.

Rising Multi-Family Starts Signal a New Wave of Rental Supply on the Horizon

2026Q1

2025Q1

Avg. Q1 of 2017-
2019

%Change vs.
2025Q1

% Change vs. pre-
pandemic

Under
Construction

684,000

765,000

614,000

-10.6 %

11.4 %

Starts

462,000

386,000

381,000

19.7 %

21.3 %

Completions

470,000

570,000

382,000

-17.5 %

23.0 %

More Multi-Family Units Are Coming, But Not Everywhere Equally
The regional picture, however, is uneven. The Northeast saw new multi-family groundbreakings nearly double year-over-year in 2026Q1, and the number of newly completed multi-family units jumped 42.1%, the strongest growth of any region. That supply is already showing up in rent data: Boston, Mass. fell 2.9% and Philadelphia, Pa. fell 1.5% year-over-year in April. New York, N.Y. remains an exception, with rents still edging up 1.1% amid persistently tight conditions.

The West tells a more cautionary tale. New groundbreakings there fell to their lowest first-quarter level since at least 2017, and the number of newly completed multi-family units dropped 37.9% year-over-year, the only region where completions have fallen below pre-pandemic norms. Renters in Los Angeles, Calif. (-1.7%), Denver, Colo. (-3.4%), and Phoenix, Ariz. (-4.2%) are still seeing some relief today, but the slowdown in construction raises the risk that the trend reverses in the years ahead.

"The story isn't the same in every region, and that matters for where renters will feel relief next," said Jiayi Xu, economist at Realtor.com®. "The Northeast is already seeing new multi-family units come online and rents respond in some large markets. The West is telling a very different story. Renters there who are benefiting from lower rents today may find that window closing as fewer new multi-family units enter the market."

Northeast Sees the Highest YOY Growth in Starts and Completions

2026Q1

2025Q1

Avg. Q1 of 2017-
2019

%Change vs.
2025Q1

% Change vs. pre-
pandemic

Northeast

Under
Construction

144,000

155,000

132,000

-7.1 %

9.1 %

Northeast

Starts

105,000

58,000

52,000

81.0 %

101.9 %

Northeast

Completions

108,000

76,000

60,000

42.1 %

80.0 %

South

Under
Construction

279,000

314,000

227,000

-11.1 %

22.9 %

South

Starts

230,000

164,000

180,000

40.2 %

27.8 %

South

Completions

199,000

269,000

172,000

-26.0 %

15.7 %

Midwest

Under
Construction

87,000

92,000

72,000

-5.4 %

20.8 %

Midwest

Starts

49,000

56,000

35,000

-12.5 %

40.0 %

Midwest

Completions

63,000

64,000

41,000

-1.6 %

53.7 %

West

Under

Construction

174,000

204,000

182,000

-14.7 %

-4.4 %

West

Starts

77,000

107,000

114,000

-28.0 %

-32.5 %

West

Completions

100,000

161,000

109,000

-37.9 %

-8.3 %

Looking ahead, rental stock growth is expected to be strongest in the Northeast (+1.1%) by 2027Q1, followed by the South (+0.9%), and the Midwest and West (both +0.7%).

"As we move into the spring and summer leasing seasons, we expect the median asking rent to tick up modestly on a monthly basis, which is the typical seasonal pattern," said Xu. "But given the sustained level of multi-family construction relative to pre-pandemic norms, year-over-year declines are likely to continue through 2026. Modest rent relief is still the story for most renters."

Rental Data – 50 Largest Metropolitan Areas – April 2026

Market

Median Asking Rent (0-2
Bedrooms)

YOY
Changes

Atlanta-Sandy Springs-Roswell, Ga.

1,549

-3.4 %

Austin-Round Rock-San Marcos, Texas

1,362

-5.3 %

Baltimore-Columbia-Towson, Md.

1,806

-0.7 %

Birmingham, Ala.

1,181

-1.2 %

Boston-Cambridge-Newton, Mass.-N.H.

2,921

-2.9 %

Buffalo-Cheektowaga, N.Y.

NA

NA

Charlotte-Concord-Gastonia, N.C-S.C.

1,490

-2.6 %

Chicago-Naperville-Elgin, Ill.-Ind.

1,797

-0.3 %

Cincinnati, Ohio-Ky.-Ind.

1,324

0.8 %

Cleveland, Ohio

1,192

-0.7 %

Columbus, Ohio

1,174

-1.2 %

Dallas-Fort Worth-Arlington, Texas

1,461

-3.2 %

Denver-Aurora-Centennial, Colo.

1,749

-3.4 %

Detroit-Warren-Dearborn, Mich.

1,246

-3.7 %

Hartford-West Hartford-East Hartford, Conn.

NA

NA

Houston-Pasadena-The Woodlands, Texas

1,382

-2.5 %

Indianapolis-Carmel-Greenwood, Ind.

1,260

-1.8 %

Jacksonville, Fla.

1,476

-2.8 %

Kansas City, Mo.-Kan.

1,430

4.7 %

Las Vegas-Henderson-North Las Vegas, Nev.

1,430

-2.7 %

Los Angeles-Long Beach-Anaheim, Calif.

2,760

-1.7 %

Louisville/Jefferson County, Ky.-Ind.

1,215

-1.5 %

Memphis, Tenn.-Miss.-Ark.

1,103

-4.7 %

Miami-Fort Lauderdale-West Palm Beach, Fla.

2,273

-2.1 %

Milwaukee-Waukesha, Wis.

1,617

-0.3 %

Minneapolis-St. Paul-Bloomington, Minn.-Wis.

1,494

-0.5 %

Nashville-Davidson--Murfreesboro--Franklin, Tenn.

1,474

-4.8 %

New Orleans-Metairie, La.

NA

NA

New York-Newark-Jersey City, N.Y.-N.J.

2,920

1.1 %

Oklahoma City, Okla.

911

-5.0 %

Orlando-Kissimmee-Sanford, Fla.

1,663

-2.6 %

Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.

1,740

-1.5 %

Phoenix-Mesa-Chandler, Ariz.

1,441

-4.2 %

Pittsburgh, Pa.

1,463

3.0 %

Portland-Vancouver-Hillsboro, Ore.-Wash.

1,592

-1.7 %

Providence-Warwick, R.I.-Mass.

NA

NA

Raleigh-Cary, N.C.

1,433

-2.1 %

Richmond, Va.

1,531

0.5 %

Riverside-San Bernardino-Ontario, Calif.

2,051

-3.5 %

Rochester, N.Y.

NA

NA

Sacramento-Roseville-Folsom, Calif.

1,823

-1.5 %

St. Louis, Mo.-Ill.

1,286

-0.8 %

San Antonio-New Braunfels, Texas

1,156

-4.7 %

San Diego-Chula Vista-Carlsbad, Calif.

2,669

-3.0 %

San Francisco-Oakland-Fremont, Calif.

2,698

-2.0 %

San Jose-Sunnyvale-Santa Clara, Calif.

3,306

1.3 %

Seattle-Tacoma-Bellevue, Wash.

1,851

-1.7 %

Tampa-St. Petersburg-Clearwater, Fla.

1,653

-4.3 %

Virginia Beach-Chesapeake-Norfolk, Va.-N.C.

1,564

2.4 %

Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.

2,280

-1.8 %

Methodology
Rental data as of April 2026 for studio, 1-bedroom, or 2-bedroom units advertised for rent on Realtor.com®. Rental units include apartments as well as private rentals (condos, townhomes, single-family homes). We use rental sources that reliably report data each month within the 50 largest metropolitan areas. Realtor.com® began publishing regular monthly rental trends reports in October 2020 with data history stretching to March 2019.

About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media contact: Emily Do, [email protected]

SOURCE Realtor.com

Original source text

New England leads the country in new construction savings; in 16 metros, a decade of lower bills and repair costs more than covers the new construction price premium

, /PRNewswire/ -- Realtor.com® today released new research showing that buyers of newly built homes save an average of $25,335 over the first ten years of ownership compared to buyers of 20-year-old homes. The savings are driven by lower energy bills and fewer major repairs. The findings reveal a wide geographic divide, with New England states offering the greatest advantage and Southern states the least, and identify 16 metros where a decade of savings from new construction fully erases the price gap with existing homes.

New construction savings come in two forms: lower utility costs from more energy-efficient construction, and delayed replacement of major systems like HVAC, roofs, and water heaters. The analysis draws on data from Pearl, whose Pearl SCORE® rates every single-family home in the country across five performance pillars — Safety, Comfort, Operations, Resilience, and Energy. The analysis finds these benefits vary dramatically depending on where a home is located, how cold the winters are, and how stringent local building codes are.

To help buyers see these savings in action, Realtor.com is introducing interactive total cost of ownership content through a dedicated cost of ownership hub and experience on new construction listings, showing personalized ten-year savings estimates on utilities, roof replacement, HVAC, and water heater costs compared to a comparable resale home, giving buyers a clearer picture of the true cost of ownership before they contact a builder.

"Homeownership is not a one-time expense, and the ongoing costs of owning a home are where new construction really shines," said Joel Berner, senior economist at Realtor.com®. "Buyers who focus only on the listing price are missing a significant part of the financial picture."

The geographic pattern is stark. New England leads the country in new construction savings, with Massachusetts topping the list at $38,927 over ten years. Stricter building codes and harsher winters amplify the efficiency advantages of newer homes in these states. The South, despite being the most active new construction market in the country, sees smaller savings. Less demanding codes and milder climates mean the energy performance gap between new and existing homes is narrower there.

Top States for New Construction Savings

State

10-Year Total
New
Construction
Savings

New
Construction
Premium

Massachusetts

$38,927

46.7 %

New Hampshire

$35,885

45.5 %

Maine

$34,763

48.3 %

Rhode Island

$34,641

46.6 %

Vermont

$33,998

25.9 %

In 16 of the 300 largest metropolitan areas, the ten-year savings from buying new fully cover the price premium over existing homes. These markets span a wide range of price points and are concentrated in the South and West, where new construction premiums are modest enough to fall within reach of long-run savings. Madison, WI and Bloomington, IN are the only Midwestern markets on the list.

Metros Where 10-Year New Construction Savings Exceed the Price Premium

Metro

New
Construction
Median Listing
Price

Existing Home
Median Listing
Price

10-Year Total
New
Construction
Savings

San Diego-Chula Vista-Carlsbad, CA

$1,226,693

$1,210,500

$29,243

St. George, UT

$684,447

$683,984

$27,670

Salt Lake City-Murray, UT

$652,982

$637,650

$27,670

Seaford, DE

$580,619

$567,742

$22,075

Salem, OR

$545,333

$517,467

$31,404

Madison, WI

$534,284

$527,358

$25,983

Kennewick-Richland, WA

$528,807

$516,383

$21,187

Billings, MT

$525,477

$504,142

$28,520

Merced, CA

$455,719

$429,644

$29,243

Jacksonville, FL

$415,901

$411,583

$16,644

Bloomington, IN

$402,325

$390,692

$28,836

Greenville-Anderson-Greer, SC

$391,793

$390,098

$16,163

San Antonio-New Braunfels, TX

$339,642

$329,083

$18,227

Hattiesburg, MS

$317,817

$302,683

$25,997

Spartanburg, SC

$315,248

$314,967

$16,163

Abilene, TX

$310,873

$298,933

$18,227

"These savings estimates are actually conservative," said Berner. "Builder warranties frequently cover HVAC repairs in the early years, meaning new construction buyers often pay nothing out of pocket. And when you factor in the mortgage rate buydowns builders have been offering, which can translate to roughly $30,000 in savings over ten years, the total financial advantage of buying new becomes even more substantial."

The report also notes that builders have been more willing than existing home sellers to negotiate on price, giving buyers additional room to improve the long-run economics of a new construction purchase.

Methodology

Listing price data come from listings on Realtor.com® in the first quarter of 2026. Utility savings data come from estimates modeled by Pearl, through their Pearl SCORE®. Energy costs are generated by multiplying consumption by retail gas and electric prices, averaged at the state level. An escalation factor sourced from EIA is applied to the state-level costs to generate cumulative savings over time. Replacement and maintenance cost data come from estimates modeled by Pearl with these three components: lifespan and degradation, replacement cost, and maintenance cost. Each component is estimated at the zip code level and aggregated to the state level. National estimates are a weighted average of state estimates based on the number of single family homes. Degree-day estimates are sourced from EIA and totaled by adding heating degree days to cooling degree days.

About Pearl
Pearl is a ratings and standards company building the national standard for home performance. Pearl SCORE® rates every single-family home in the U.S. on a 1-to-1,000 scale across five pillars — Safety, Comfort, Operations, Resilience, and Energy — so buyers, sellers, and real estate professionals can understand how a home performs in daily life. Learn more at PearlScore.com.

About Realtor.com®

Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media Contact: Mallory Micetich, [email protected]

SOURCE Realtor.com

Original source text

After years of post-pandemic highs, the era of outsized down payments is beginning to unwind AUSTIN, Texas, May 19, 2026 /PRNewswire/ -- The typical down payment fell to $23,400 in the first quarter of 2026, the lowest level since 2021, according to the latest Realtor.com ® Down Payment Report. That represents a 19% decline year-over-year and the fourth consecutive quarterly drop, as rising inventory and moderating prices give buyers more negotiating room and reduce the pressure to lead with an outsized down payment.

Original source text

Contract Signings Are Up 4.5% As the Spring Housing Market Becomes More Active Than Any Point Since Rates Surged In 2022

, /PRNewswire/ -- Today, Realtor.com® released its Spring 2026 Housing Market Progress Report, which finds that new listings and contract signings have each reached their highest levels since 2022, with contract signings up 4.5% year-over-year in April — the strongest reading in three years — as sellers who priced their homes competitively from the start found buyers willing to act. This new report shows the housing market is more dynamic through the first four months of 2026 than at any point since mortgage rates first surged in 2022.

"For the first time in three years, we're seeing contract signing growth that genuinely outpaces the trend of the recent past," said Jake Krimmel, senior economist at Realtor.com®. "Buyers have been sidelined but they haven't disappeared – they've simply been waiting for the right conditions. In the metros where sellers have come to market with realistic prices, buyers are showing up. That supply-demand-price alignment is what separates a dynamic market from a stagnant one, and we're beginning to see it take hold in a meaningful way."

New listings and contract signings each represent one side of a functioning housing market: sellers coming to market and buyers responding by going under contract. This report tracks both flows and finds that where sellers have priced their homes realistically, buyers are showing up — a pattern that separates moving markets from stagnant ones in 2026. Rather than relying on a single month's snapshot, the report tracks the full arc of 2026 year-to-date — January through April — at the national, regional, and local level across the top 50 metros.

New Listings,
Apr '26 YoY
Growth

New Listings
YTD Total vs.
2025

Contract
Signings Apr
'26 YoY
Growth

Contract
Signings YTD
Total vs. 2025

Med. PPSF,
Apr '26 YoY
Growth

Price
Reductions,
Apr. '26 Y-Y

USA

1.1

1.4

4.5

2.9

-2.4

-1.3

Northeast

9.4

1.0

5.1

-1.6

-0.3

0.4

Midwest

6.6

4.3

3.7

2.7

1.3

0.6

South

0.6

1.5

5.0

3.5

-3.4

-1.8

West

-3.5

0.9

4.0

3.9

-1.7

-1.1

Spring 2026: A Market Starting to Move
The two metrics that define a functioning spring market, new listings and contract signings, are each at their highest levels since 2022, and for the first time in three years, both are moving in the right direction at the same time. Through April, new listings are up 1.4% year-over-year and 22% above the 2023 trough. Contract signings, which had been stuck 20 to 25 percentage points below 2022 levels from 2023 through 2025, rose 4.5% year-over-year in April, accelerating from 2.9% in March.

That acceleration matters beyond the headline number. Year-to-date contract signings are up 2.9% versus 2025 and 4.1% above their 2023 low, and growth in signings is now outpacing growth in new listings — narrowing the gap between supply recovery and demand recovery that has defined the past three springs. With homes that go under contract typically closing within four to six weeks, that demand signal is on track to show up in closed sales data by June, the clearest evidence yet that the 2026 housing market is starting to move.

Where Are Markets Actually Moving?
Across the top 50 metros, 34 have seen more contract signings year-to-date in 2026 than over the same period in 2025, and 31 have seen more new listings. The trends are widespread, but the strength varies considerably by market.

Twenty-one metros have seen both new listings and contract signings rise year-over-year — markets genuinely delivering on the spring promise. The Midwest dominates this group, with Kansas City (+12.5% listings, +20.7% contract signings), Louisville (+13.6%, +18.9%), Indianapolis (+14.7%, +6.6%), Columbus (+8.0%, +7.9%), and Cincinnati (+10.8%, +4.7%) all showing strong two-sided momentum.

A more surprising cluster of markets is seeing contract signings rise despite fewer new listings than last year. Phoenix (-0.4% listings, +8.1% signings), Austin (-3.5%, +7.6%), and Jacksonville (-9.5%, +5.2%) all fit this profile. These markets have undergone significant price corrections over the past two years, and buyers are responding even where new supply has not surged.

Not all markets have found this footing. Las Vegas (-0.8% listings, -8.4% signings) and Tampa (-12.2%, -3.1%) show stagnation driven by weak demand, with days-on-market climbing by more than a week year-over-year. Hartford (-13.1%, -9.2%) and Providence (-8.0%, -5.6%), by contrast, are constrained by limited supply, with inventories still well below pre-pandemic norms and time on market actually falling compared to last year.

What the Market Clock Tells Us
The pattern of which markets are most and least active is not random. At the start of 2026, the Realtor.com® Market Clock placed 8 of the top 50 metros in buyer's market territory, with nearly all of them in the South — and so far this year, almost all of those markets have seen fewer new listings than last year. Sellers in buyer's markets know the conditions are not in their favor, and many are choosing to wait.

But two of those buyer's markets — Jacksonville and Austin — tell a different story. Both have seen significant contract signing gains (+5.2% and +7.6% year-to-date, respectively) despite falling new listings. Sellers who have come to market in those metros have dropped their initial list prices aggressively enough to bring buyers off the sidelines. The price corrections that pushed Jacksonville and Austin into buyer's market territory are now doing the work of unlocking demand — without any surge in new supply.

The picture looks different on the seller's market side. Of the 13 seller's markets identified by the Market Clock at the start of the year, some — like Kansas City (+20.7% contract signings) and Columbus (+7.9%) — are among the most active markets in the country, with both new listings and signings rising. Others, like Providence and Hartford, look stagnant despite their seller-friendly designation.

Pricing Realism: The Key Differentiator
Seller pricing behavior is one of the most consequential variables in determining whether a local market moves or stagnates. Nationally, the median list price per square foot is down 2.4% year-over-year in April — and yet the share of listings with price cuts has also declined, by 1.25 percentage points. This pattern is consistent with sellers pricing more realistically from the outset, reducing the need for subsequent reductions.

This dynamic is most visible in Southern metros that have absorbed significant price corrections over the past two years. Austin has seen asking prices per square foot fall 7.7% year-over-year — the steepest decline among the top 50 metros — yet its price-cut share is down 2.3 percentage points. Jacksonville, where prices are down 2.4%, has seen price cuts fall by 5 percentage points. Dallas, San Antonio, Miami, and Tampa follow the same pattern.

Critically, many of these same markets are among those where contract signings are rising even without a surge in new supply, reinforcing the conclusion that pricing realism does work that new supply alone cannot. A functioning spring market requires not just willing buyers and motivated sellers, but a shared and realistic understanding of what homes are worth.

"May and June will be decisive," said Krimmel. "If some resolution to Middle East uncertainty stabilizes mortgage rates and restores consumer confidence, the housing market may finally break out of the lower equilibrium it has occupied since 2022. If macro headwinds intensify — through rising rates, reaccelerating inflation, or a deterioration in confidence — the market could face the same fate as 2025, when tariff-related uncertainty stalled what had been a promising early spring."

New
Listings,
Apr '26
YoY
Growth

New Listings
YTD Total
vs. 2025

Contract
Signings Apr
'26 YoY
Growth

Contract
Signings
YTD Total
vs. 2025

Med. PPSF,
Apr '26 YoY
Growth

Price
Reductions,
Apr. '26 Y-Y

Atlanta-Sandy Springs-Roswell, GA

-4.1

-3.7

1.9

0.9

-0.2

-1.4

Austin-Round Rock-San Marcos, TX

-13.5

-3.5

8.0

7.6

-7.7

-2.3

Baltimore-Columbia-Towson, MD

3.6

3.1

-3.9

-0.2

-0.8

1.5

Birmingham, AL

2.5

8.0

1.5

3.5

0.8

0.2

Boston-Cambridge-Newton, MA-NH

-3.8

-1.1

9.3

5.6

0.3

-0.1

Buffalo-Cheektowaga, NY

-0.4

6.2

2.4

-3.2

0.4

-1.1

Charlotte-Concord-Gastonia, NC-SC

6.2

10.0

9.1

5.1

-1.8

-0.1

Chicago-Naperville-Elgin, IL-IN

-5.2

-3.2

-1.1

1.4

0.9

-0.4

Cincinnati, OH-KY-IN

13.7

10.8

8.0

4.7

-0.3

1.7

Cleveland, OH

7.8

4.0

2.1

-1.6

1.9

0.4

Columbus, OH

18.0

8.0

11.5

7.9

-1.5

-1.6

Dallas-Fort Worth-Arlington, TX

-5.9

-3.4

0.6

1.8

-1.8

-3.7

Denver-Aurora-Centennial, CO

-12.6

-2.4

0.6

3.1

-3.2

-2.8

Detroit-Warren-Dearborn, MI

6.7

6.0

1.9

0.3

0.5

0.9

Hartford-West Hartford-East Hartford, CT

-4.2

-13.1

-3.6

-9.2

-1.4

-0.4

Houston-Pasadena-The Woodlands, TX

-3.5

0.8

-0.2

2.2

-2.3

-1.0

Indianapolis-Carmel-Greenwood, IN

21.1

14.7

14.4

6.6

5.4

0.1

Jacksonville, FL

-8.1

-9.5

1.8

5.2

-2.4

-5.1

Kansas City, MO-KS

-2.5

12.5

18.9

20.7

0.3

-1.5

Las Vegas-Henderson-North Las Vegas, NV

-8.8

-0.8

-10.0

-7.4

-2.2

0.3

Los Angeles-Long Beach-Anaheim, CA

-3.3

-2.2

3.6

0.1

-3.3

-1.2

Louisville/Jefferson County, KY-IN

19.2

13.6

16.1

18.9

0.8

3.0

Memphis, TN-MS-AR

9.9

10.7

1.1

-0.6

-5.8

1.6

Miami-Fort Lauderdale-West Palm Beach, FL

-7.2

-8.7

7.9

-1.0

-1.6

-4.4

Milwaukee-Waukesha, WI

14.3

17.1

6.0

2.7

3.4

0.7

Minneapolis-St. Paul-Bloomington, MN-WI

10.7

5.4

8.9

0.2

-0.9

1.6

Nashville-Davidson--Murfreesboro--Franklin, TN

7.3

9.9

12.1

-2.8

-1.2

-0.1

New York-Newark-Jersey City, NY-NJ

11.4

0.6

-14.8

-23.1

-1.3

0.6

Oklahoma City, OK

6.5

5.6

1.3

3.9

-0.7

0.7

Orlando-Kissimmee-Sanford, FL

-9.0

-6.1

-0.2

-0.7

-3.3

-2.6

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

9.9

3.4

1.6

-2.5

0.0

0.5

Phoenix-Mesa-Chandler, AZ

-4.9

-0.4

4.8

8.1

-1.7

-2.2

Pittsburgh, PA

10.5

0.7

4.7

-2.3

2.7

-1.1

Portland-Vancouver-Hillsboro, OR-WA

-6.1

5.0

7.8

7.4

-2.7

0.7

Providence-Warwick, RI-MA

3.8

-8.0

2.9

-5.6

7.5

-0.1

Raleigh-Cary, NC

3.6

0.8

5.6

5.0

-2.0

-1.1

Richmond, VA

6.3

8.7

5.5

6.9

2.2

0.6

Riverside-San Bernardino-Ontario, CA

-5.6

-2.6

2.0

0.6

-2.3

-2.4

Sacramento-Roseville-Folsom, CA

-5.7

0.4

5.4

5.2

-0.2

-1.3

St. Louis, MO-IL

4.6

3.8

-1.9

-0.8

1.1

0.4

Salt Lake City-Murray, UT

2.5

6.9

1.5

5.6

-0.1

-3.1

San Antonio-New Braunfels, TX

7.3

4.1

8.5

4.1

-5.8

-0.7

San Diego-Chula Vista-Carlsbad, CA

-5.5

-3.5

6.7

3.5

-4.1

-2.9

San Francisco-Oakland-Fremont, CA

-1.5

-4.3

9.2

1.8

-3.0

-2.0

San Jose-Sunnyvale-Santa Clara, CA

0.9

6.0

10.1

3.8

-2.5

1.1

Seattle-Tacoma-Bellevue, WA

2.4

5.5

-0.1

-1.5

-3.0

1.8

Tampa-St. Petersburg-Clearwater, FL

-15.7

-12.2

0.9

-3.1

-2.8

-4.2

Tucson, AZ

-13.9

-5.6

2.3

0.1

-2.0

-0.1

Virginia Beach-Chesapeake-Norfolk, VA-NC

23.8

9.6

5.2

5.6

2.2

-0.4

Washington-Arlington-Alexandria, DC-VA-MD-WV

4.9

6.5

8.1

7.8

-3.6

-0.9

Methodology

Realtor.com housing data as of April 2026. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com. New construction is excluded unless listed on an MLS that provides listing data to Realtor.com. Realtor.com data history goes back to July 2016. The 50 largest U.S. metropolitan areas as defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts.

New Listings represent the count of residential properties that were listed for sale for the first time in a given month. Contract Signings represent the flow of homes entering pending status in a given month (i.e. homes that went under contract for the first time in that period). This is a flow measure, not a stock measure. This distinguishes it from the stock of pending listings, which measures the total number of homes under contract at a given point in time regardless of when they entered that status.

Year-to-date (YTD) through April totals are calculated by summing monthly values for January through April of the relevant year. YTD growth rates compare the January-April sum in 2026 to the same four-month sum in the comparison year. For example, a YTD growth rate vs. 2025 reflects the percentage change in total activity over the first four months of 2026 relative to the first four months of 2025.

About Realtor.com®

Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance, and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.

Media Contact: Mallory Micetich, [email protected]

SOURCE Realtor.com

Original source text

How Timing and Pricing Shape Your Home's Final Sale Price, according to a New Realtor.com ® Report AUSTIN, Texas, June 11, 2026 /PRNewswire/ -- The bidding war era is over. A new report from Realtor.com ® shows the average home is now selling below its asking price, a sharp U-turn from the pandemic frenzy of 2021 and 2022.

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