Earnings To Watch: News Corp (NWSA) Reports Q3 Results Tomorrow

Global media and publishing company News Corp (NASDAQ:NWSA) will be reporting earnings this Thursday afternoon. Here’s what to look for.

News Corp beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $2.11 billion, flat year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ News Media revenue estimates.

Is News Corp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting News Corp’s revenue to be flat year on year at $2.10 billion, slowing from the 3.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. News Corp has missed Wall Street’s revenue estimates five times over the last two years.

Looking at News Corp’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. fuboTV’s revenues decreased 2.3% year on year, beating analysts’ expectations by 4.9%, and Nike reported revenues up 1.1%, topping estimates by 6.5%. fuboTV traded down 3.3% following the results while Nike was up 6.5%.

Read our full analysis of fuboTV’s results here and Nike’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7% on average over the last month. News Corp is down 9.7% during the same time and is heading into earnings with an average analyst price target of $37.41 (compared to the current share price of $25.33).

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