News Corp updates on ongoing $1 billion stock repurchase program
Investing.com
Published Jul 14, 2025 06:54AM ET
News Corp (NASDAQ:NWSA) (NASDAQ:NWSA, NASDAQ:NWS), currently valued at $17.6 billion with shares trading at $29.54, reported Monday that its board continues to authorize the repurchase of up to $1 billion of its Class A and Class B common stock under its existing stock repurchase program. According to InvestingPro analysis, the company appears fairly valued based on its current Fair Value assessment. The company stated that, in line with Australian Securities Exchange (ASX) requirements, it provides daily disclosures to the ASX regarding transactions under this program, if any occur. News Corp also includes information about the repurchase program in its quarterly and annual reports. The company has demonstrated solid performance with a 7.66% year-to-date return and maintains a GOOD financial health score.
The company noted that attached exhibits to the filing contain information previously provided to the ASX, which includes forward-looking statements regarding the intent to repurchase shares from time to time. News Corp emphasized that these statements are based on current management expectations, and actual results may differ due to factors such as changes in market price, general market conditions, applicable securities laws, and alternative investment opportunities. For deeper insights into News Corp's valuation and growth prospects, including analyst targets ranging from $26.50 to $45.00, check out the comprehensive Pro Research Report available on InvestingPro .
This update is based on a press release statement included in a filing with the Securities and Exchange Commission.
In other recent news, News Corp has provided updates regarding its ongoing $1 billion stock repurchase program. The company remains authorized to repurchase up to $1 billion in aggregate of its outstanding Class A and Class B common stock. As required by the Australian Securities Exchange (ASX) rules, News Corp is committed to daily disclosures of any transactions under this program. These updates are also included in the company's quarterly and annual reports. The company has emphasized that statements about its intent to repurchase shares are forward-looking and may change based on market conditions, securities laws, and other factors. Attached to the SEC filings are exhibits containing the information provided to the ASX. News Corp has reiterated that it does not undertake any obligation to update these forward-looking statements except as required by law. This information was disclosed in a recent SEC filing and press release.
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