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News Corp launches $1 billion Nasdaq share buyback

Story Highlights
  • News Corp launched a US$1 billion share repurchase of Nasdaq-listed Class A and B stock, disclosed to the ASX on May 20, 2026.
  • The buy-back, executed via Goldman Sachs in cash and excluding ASX CDIs, aims to enhance shareholder value without needing further approvals.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
News Corp launches $1 billion Nasdaq share buyback

Meet Samuel – Your Personal Investing Prophet

News Corp ( (NWSA) ) has issued an announcement.

News Corp has disclosed to the Australian Securities Exchange that it is conducting a buy-back of its Nasdaq-listed Class A common stock and Class B common stock under a repurchase program authorized on July 15, 2025, with capacity of up to US$1 billion. The company, which filed a daily buy-back notification dated May 20, 2026, plans to execute the program, anticipated to commence around September 22, 2021, through Goldman Sachs & Co. LLC, paying cash in U.S. dollars and stating the buy-back is intended to enhance shareholder value without requiring shareholder approval or imposing foreign participation restrictions.

The repurchase program covers up to 363,415,494 securities in the relevant class, with the price to be determined by market conditions rather than fixed in advance. By limiting purchases to Nasdaq-listed shares and excluding ASX-listed CDIs, News Corp aligns its capital allocation with market liquidity while signaling confidence in its stock, a move likely to influence earnings per share metrics and support its broader capital management framework for investors.

The most recent analyst rating on (NWSA) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on News Corp stock, see the NWSA Stock Forecast page.

Spark’s Take on NWSA Stock

According to Spark, TipRanks’ AI Analyst, NWSA is a Neutral.

The score is driven primarily by mixed financial performance (improving leverage but softer/volatile margins and weaker cash conversion) and a neutral technical backdrop. A strong earnings-call outlook and operational momentum in higher-margin digital segments support the score, but elevated valuation (high P/E with a low yield) meaningfully constrains upside.

To see Spark’s full report on NWSA stock, click here.

More about News Corp

News Corporation is a global media and information services company with its primary listing on Nasdaq and a secondary listing on the Australian Securities Exchange under the code NWS. The company’s capital structure includes Class A and Class B common stock, and it uses share repurchase programs as part of its capital management strategy aimed at enhancing shareholder value.

Average Trading Volume: 4,406,106

Technical Sentiment Signal: Buy

Current Market Cap: $15.1B

Learn more about NWSA stock on TipRanks’ Stock Analysis page.

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