News Corporation (ticker: NWS) announced a significant strategic move on May 13, 2025, initiating a selective buy-back program targeting up to US$1 billion worth of its Nasdaq-listed Class A and Class B common stock. This move reflects the company’s ongoing commitment to enhance shareholder value through effective capital management in a challenging economic landscape.
Key details from the announcement reveal that as of May 12, 2025, News Corp has already repurchased approximately 21.8 million shares at a total cost of US\(445.4 million. These repurchases are part of the broader \)1 billion authorization, with roughly US\(672.2 million worth of stock bought back so far. The price per share has varied between US\)14.88 and US$30.69, indicating strategic timing to capitalize on market pricing fluctuations.
Putting this in perspective, News Corporation reported a total revenue of about US\(10.09 billion and net income of US\)266 million for the fiscal year ending December 31, 2024. Additionally, the company invested US$496 million in capital expenditures, underscoring its sustained investment in growth while returning value to shareholders. The buyback program thus represents a significant capital allocation decision, potentially improving earnings per share by reducing share count.
This buyback initiative ties into themes highlighted in prior News Corp earnings calls, where management emphasized shareholder returns amidst economic uncertainty, tariff impacts, and government efficiency reforms. The program enhances the company’s financial flexibility and positions it well for future growth opportunities.
In conclusion, News Corporation’s buy-back program is a strategic lever that balances investment in operations with shareholder value creation, reinforcing confidence in its financial health and market positioning.
For full details, review the source document here: News Corporation 8-K Buy-Back Notification.
Tags: News Corporation Buyback, Strategic Share Repurchase, Capital Allocation, Nasdaq Stock, Shareholder Value Enhancement