News Corporation (Ticker: NWS) has announced a significant update to its ongoing share repurchase program, reinforcing its commitment to enhancing shareholder value. The company has authorized an additional \(1 billion repurchase program in 2025, supplementing the initial \)1 billion program authorized in 2021. This strategic move allows News Corp to repurchase up to $2 billion of its Nasdaq-listed Class A and Class B common stock, subject to market conditions and stock price.
As of July 15, 2025, News Corp has already repurchased approximately \(698.7 million worth of shares under the 2021 program. Recent buy-back activity includes the repurchase of 22,390,660 shares on July 18, 2025, at a total cost of approximately \)462.2 million, with prices ranging from \(14.88 to \)30.75 per share over the program’s duration.
This buy-back initiative is a clear signal of News Corp’s confidence in its financial health and future prospects. The company’s fiscal year 2024 financials underscore this strength, with total revenues reaching \(10.085 billion and net income attributable to the parent company at \)266 million. Additionally, operating cash flow stood robust at $1.098 billion, providing ample liquidity to support the repurchase program without compromising operational needs.
The buy-back program aligns with themes highlighted in News Corp’s previous earnings calls, where management emphasized disciplined capital allocation and shareholder returns as key priorities. This repurchase strategy not only reduces the number of outstanding shares, potentially increasing earnings per share (EPS), but also reflects management’s belief in the intrinsic value of the company’s stock.
From a financial perspective, the repurchase of shares worth $462.2 million on July 18, 2025, represents approximately 4.58% of the company’s total revenue for FY 2024. This substantial capital return initiative is expected to positively impact EPS and shareholder equity over time.
Looking forward, News Corp’s dual repurchase programs totaling $2 billion provide flexibility to capitalize on favorable market conditions, supporting stock price stability and enhancing shareholder value. Investors should monitor the company’s ongoing buy-back activity as a key indicator of management’s confidence and strategic financial management.
For further details, the original 8-K filing can be accessed here: News Corp 8-K Buy-Back Announcement.
Tags: NWS, News Corporation, FY2024, ShareRepurchaseProgram, CapitalAllocation, ShareholderValue