News Corporation (NWS)
News Corp's Class B shares represent its media, publishing, and digital real-estate holdings.
NWS vs NWSA: how the two businesses compare
- Similar size: NWS and NWSA each brought in about $8.5B of yearly revenue.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
News (NWS) and News (NWSA) reported similar revenue: $8.5B (fiscal year ended Jun 2025) versus $8.5B (fiscal year ended Jun 2025). NWS's net margin was 15.9% and NWSA's 15.9%. Both file with the SEC under the same industry code, SIC 2711 (Newspapers: Publishing or Publishing & Printing).
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Communication Services
- Newspapers: Publishing or Publishing & Printing
- Same classification
- June 30
- Same calendar
- Aug 7, 2026
NWS vs NWSA: quick comparison
| Company fact | NWS | NWSA |
|---|---|---|
| Company | News Corporation | News Corporation |
| Exchange | NASDAQ | NASDAQ |
| SEC industry | Newspapers: Publishing or Publishing & Printing | Newspapers: Publishing or Publishing & Printing |
| Fiscal year-end | June 30 | June 30 |
| Latest annual filing | 10-K · 2026-08-07 | 10-K · 2026-08-07 |
NWS vs NWSA: audited financials
- Scale: revenue is roughly in line ($8.5B for NWS versus $8.5B for NWSA).
- Net margin: nearly identical at 15.9% (NWS) and 15.9% (NWSA).
- Periods: both fiscal years end on 2025-06-30, so these annual figures cover the same months.
| Metric | NWS | NWSA |
|---|---|---|
| Revenue | $8.5B2024-07-01 to 2025-06-30 · SEC filing | $8.5B2024-07-01 to 2025-06-30 · SEC filing |
| Net income | $1.3B2024-07-01 to 2025-06-30 · SEC filing | $1.3B2024-07-01 to 2025-06-30 · SEC filing |
| Operating cash flow | $1.1B2023-07-01 to 2024-06-30 · SEC filing | $1.1B2023-07-01 to 2024-06-30 · SEC filing |
| Diluted EPS | $2.072024-07-01 to 2025-06-30 · SEC filing | $2.072024-07-01 to 2025-06-30 · SEC filing |
| Net margin | 15.9%2024-07-01 to 2025-06-30 · SEC filing | 15.9%2024-07-01 to 2025-06-30 · SEC filing |
NWS: FY ending 2025-06-30 · NWSA: FY ending 2025-06-30. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where NWS and NWSA overlap, and where they don't
Overlap
- Same SEC industry: both report under SIC 2711, Newspapers: Publishing or Publishing & Printing.
- Same fiscal calendar: both fiscal years end June 30.
Differences
No differences in classification, themes, or calendar are recorded in the data; the differences sit in the businesses described below.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
News Corporation (NWSA)
News Corp publishes newspapers and books and owns Dow Jones, realtor.com, and digital real-estate listings.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves NWS
We have not yet published a company-specific driver list for NWS. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-08-07.
What moves NWSA
We have not yet published a company-specific driver list for NWSA. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-08-07.
The investment question
You now know how NWS and NWSA are classified, when their fiscal years end, and where their exposures overlap. Those are the facts. The investment question is what each share price already assumes about the newspapers: publishing or publishing & printing cycle, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. Both fiscal years end June 30, so annual reports line up, but check segment definitions before comparing growth or margins.
The current verified House and Senate snapshot contains 1 matched transaction row for NWS and 0 matched transaction rows for NWSA. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
NWS primary filings
NWSA primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
NWS vs NWSA FAQs
Are NWS and NWSA direct competitors?
News and News share the SEC industry classification “Newspapers: Publishing or Publishing & Printing.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.
Is NWS or NWSA the bigger company by revenue?
News (NWS) and News (NWSA) reported similar revenue: $8.5B (fiscal year ended Jun 2025) versus $8.5B (fiscal year ended Jun 2025). NWS's net margin was 15.9% and NWSA's 15.9%. Both file with the SEC under the same industry code, SIC 2711 (Newspapers: Publishing or Publishing & Printing). Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, NWS or NWSA?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this NWS vs NWSA comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers News Corporation and News Corporation tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
NWS vs NWSA compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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