News Corp (NWS) investor relations material

Opening remarks and agenda

• Fiscal 2026 was described as a record year, with trusted journalism, analysis, data and information positioned as valuable inputs to the AI ecosystem.

• The formal meeting covered director elections, EY LLP auditor ratification, an advisory executive compensation vote and an advisory vote on the frequency of future compensation votes.

• A quorum was declared; voting was limited to eligible Class B common stockholders or valid proxy holders.

Financial performance review

• FY2026 continuing-operations revenue rose 7% to $9B; segment EBITDA increased 15% to over $1.6B, free cash flow rose 42% to $811M, and net income grew 15% to $743M.

• Dow Jones revenue rose 7% to nearly $2.5B and EBITDA grew 13% to $663M; Dow Jones News ended the year with over 6.7M subscriptions, up 7%.

• Digital Real Estate Services revenue increased 12% to $2B and EBITDA rose 23% to $741M; Book Publishing revenue reached $2.3B, up 6%.

• News Media revenue increased 3% to $2.2B; full-year Book Publishing EBITDA included two isolated write-offs, while Q4 posted YoY growth.

Board and executive committee updates

• Lachlan Murdoch thanked Rupert Murdoch for his example and Robert Thomson for his leadership; Robert Thomson credited the Chair and Board with supporting the year’s performance.

• The Board and senior attendees included President José María Aznar, Natalie Bancroft, Ana Paula Pessoa, Mas Siddiqui, CFO Lavanya Chandrashekar and General Counsel David Pitofsky.