News Corp posted a record first-quarter net income of $215 million, up 43% year-over-year, driven by strong revenue growth in its digital real estate, Dow Jones, and book publishing divisions. Revenue rose 6% to $2.28 billion, beating analyst expectations. CEO Robert Thomson highlighted the company’s transformation into a digitally driven, higher-margin business and emphasized the importance of high-quality content in the AI era. News Corp also stressed its commitment to protecting intellectual property and maintaining fair compensation from AI platforms like OpenAI and Meta.
News Corp's record Q1 profitability provides context for media sector activity. For readers following US media stocks, here is Pluang's market snapshot as of Nov 05, 2026 04:02 WIB: Out of 57 priced media stocks, 34 rose and 21 fell. Notable movers include Reddit Inc (RDDT) at USD 101.95 with a 6.03% increase and AMC Entertainment Holdings (AMC) at USD 3.48 with a 5.95% rise, while Lumen Technologies Inc (LUMN) dropped 5.47% to USD 4.49.
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