News Corporation (NWSA) SEC Filings & Earnings Calls

No new risks disclosed; routine repurchase program disclosure.

No new risk; routine disclosure of ongoing buyback program.

No new risks disclosed; routine buyback disclosure.

No new risks identified; routine disclosure of existing buyback program.

No new risk; routine disclosure of existing program.

No new risk signals; filing is routine disclosure of existing buyback program.

No new risks disclosed; routine procedural filing.

Market conditions and securities laws may affect repurchase timing.

“Forward-looking statements about changes in market price and applicable securities laws.”

No material risk; routine disclosure.

“Standard ASX disclosure.”

LGC Holdco Pledge Governance Risk

“LGC Holdco pledged 30,404,378 shares of Class B Common Stock as collateral to loans.”

Litigation Risk from AI Copyright Infringement

“simultaneously pursuing copyright infringement litigation with Perplexity and Brave Software to protect the Company’s valuable intellectual property from novel risks” · word for word

Dependence on Key AI Licensing Partners

“securing a landmark, multi-year licensing agreement with Meta and expanding high-value data partnerships with OpenAI and Bloomberg” · word for word

No new risk; routine disclosure of existing buyback program.

“Routine ASX disclosure; no change in authorization.”

No new risk; routine disclosure of existing buyback program.

No new risk signals; filing is procedural.

No new risk; routine disclosure of existing buyback program.

No new risk disclosed; routine procedural filing.

No material risk signals; filing is procedural.

No new risk; routine compliance disclosure.

“Routine ASX disclosure of buyback transactions.”

No material risk; routine disclosure.

“Routine ASX disclosure of buyback transactions; no new authorization or change.”

No new risk identified; filing is procedural.

AI-related IP infringement risk

“developments in AI have led to unauthorized scraping, crawling and other exploitation of the Company’s content and other intellectual property, both in the training and grounding of models as well as output retrieved or displayed by AI tools.” · word for word

Cybersecurity threat escalation

“The risks associated with cyberattacks are increasing, particularly as AI use continues to grow and the Company’s digital businesses expand.” · word for word

Print advertising secular decline

“print product sales face challenges from alternative media formats and shifting consumer preferences, which have adversely affected, and are expected to continue to adversely affect, both print circulation and advertising revenues.” · word for word

Interest rate sensitivity of real estate segment

“The Digital Real Estate Services segment’s results are highly sensitive to conditions in the real estate market, as well as macroeconomic factors such as interest rates and inflation, which could continue to adversely impact the market in the near term, particularly in the U.S.” · word for word

Geopolitical conflict impact

“the conflict has disrupted energy supplies and led to increases in global fuel prices, which has heightened inflationary pressures, disrupted global supply chains and adversely impacted consumer spending.” · word for word

No new risks disclosed; routine procedural filing.

AI content licensing revenue is nascent and may not sustain growth; legal battles with AI companies could be costly

“We have trusted content relationships with OpenAI and Meta... we are taking aggressive action against those who pilfer and profit from our work” · word for word

Foreign currency fluctuations had a positive impact of $71M (4%) in Q4; reversal could pressure future results

“Results included a $71 million, or 4%, positive impact from foreign currency fluctuations” · word for word

No new risks; routine disclosure.

No material risk; routine disclosure.

No material risks disclosed.

No material risk identified; routine disclosure.

No new risk signals; boilerplate forward-looking statements.

No material risk; routine disclosure.

Geopolitical conflict impact

“The conflict has disrupted energy supplies and led to increases in global fuel prices, which could heighten inflationary pressures, disrupt global supply chains and adversely impact consumer spending.” · word for word

Foreign currency fluctuation

“The impact of foreign currency fluctuations of the U.S. dollar against local currencies resulted in a revenue increase of $88 million, or 5%, for the three months ended March 31, 2026” · word for word

Print circulation decline

“partially offset by print circulation declines” · word for word

AI content scraping risk: Company pursuing legal action against unauthorized scraping of content.

“We are also tracking a number of dodgy digital firms scraping illicitly, illegally our precious content and shamelessly reselling this purloined property.” · word for word

Foreign exchange exposure: $88M positive FX impact on revenue; could reverse.

“Results included an $88 million, or 5%, positive impact from foreign currency fluctuations.” · word for word

No new risk; routine disclosure.

No new risk signals; boilerplate forward-looking statement caution.

“Actual results may vary materially from those expressed or implied by such statements” · word for word

No material risk signals; filing is routine disclosure.

No material risk; routine disclosure

No material risk; routine procedural filing.

No material risk disclosed; routine compliance filing.

No new risks identified; routine disclosure of buyback transactions.

Credit agreement amendment may indicate changes in borrowing terms, covenants, or maturity, but no details provided in excerpt.

“Amended and Restated Credit Agreement ... certain schedules and exhibits have been omitted.”

No material risk signals; filing is procedural.

No material risk; routine disclosure.

“No new authorization; forward-looking statements with standard caution.”

AI disruption risk; forward-looking statements caution about AI developments.

“changes in technology, including developments in artificial intelligence” · word for word

Advertising demand cyclicality remains a risk.

“changes in advertising demand” · word for word

No new material risks disclosed; routine buyback program update.

“No risk factors discussed in this filing.”

No material risk disclosed; forward-looking statements are standard boilerplate.

“Forward-looking statements subject to market conditions, securities laws, and alternative investments.”

No new risk signals; routine buyback disclosure.

No new risk; routine disclosure of buyback transactions under existing program.

“Filing only provides ASX transaction reports; no change in program terms.”

No new risk signals; routine disclosure of buyback program.

No material risk signals; filing is procedural.

No new risk signals; boilerplate forward-looking statement caution.

Book Publishing one-time charges

“a $16 million one-time write-off primarily related to inventory at HarperCollins’ international operations, a $13 million write-off of a customer receivable related to the closure of a book distributor” · word for word

News Media advertising decline

“Advertising revenues decreased $13 million, or 6%, as compared to the corresponding period of fiscal 2025, primarily due to lower print advertising revenues” · word for word

Legal contingencies

“The Company routinely is involved in various legal proceedings, claims and governmental inspections or investigations” · word for word

Net income decline due to absence of prior year gain on sale.

“Net income from continuing operations $242M down 21% due to absence of $87M gain on PropertyGuru sale”

Book Publishing segment EBITDA down 2% with one-time write-off.

“Book Publishing Segment EBITDA $99M down 2%; includes $16M one-time write-off”

No material risk disclosed beyond standard forward-looking caution.

“forward-looking statements ... subject to uncertainty and changes in circumstances”

No new risk; routine disclosure.

No material risk; routine compliance filing.

“No new financial or operational information.”

No material risk; routine disclosure.

No material risk; routine buyback disclosure.

“Routine ASX disclosure of buyback transactions.”

No material risk disclosed beyond standard forward-looking caution.

“forward-looking statements ... subject to uncertainty and changes in circumstances”

No material risk disclosed; filing is routine disclosure of buyback transactions.

No material risk disclosed; routine filing.

No material risks; routine disclosure of buyback transactions under existing program.

“Routine ASX disclosure; no new authorization or change.”

No material risk disclosed; forward-looking statements caution about market conditions and securities laws.

“Forward-looking statements subject to market price changes, general market conditions, securities laws.”

Key person retention risk mitigated by extended contract; no material financial risk.

“Standard severance and non-compete; no unusual provisions.”

No material risks identified.

No material risk disclosed beyond standard boilerplate.

Book Publishing customer concentration risk

“a $13 million write-off of a customer receivable related to the expected closure of a book distributor” · word for word

U.S. housing market headwind

“The increase was partially offset by the continued negative impact of the macroeconomic environment on the U.S. housing market, which resulted in a 1% decrease in lead volumes.” · word for word

Foreign exchange risk

“The impact of foreign currency fluctuations of the U.S. dollar against local currencies resulted in a revenue increase of $4 million for the three months ended September 30, 2025 as compared to the corresponding period of fiscal 2025.” · word for word

Book Publishing segment weakness with $13M customer receivable write-off

“Book Publishing Segment EBITDA was impacted by a $13 million write-off of a customer receivable” · word for word

No material risk signals; routine disclosure.

No material risk signals; routine disclosure.