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News Corp, the parent company of The New York Post, posted its highest profitability on record on Wednesday, driven by growth in its Dow Jones, digital real estate and book publishing divisions.The New York-based media giant said its fourth-quarter revenue grew 11% to $2.34 billion, beating analyst expectations.News Corp saw $230 million from continuing operations, or 33 cents a share — a whopping 167% increase compared to $86 million in the prior year.Adjusted earnings per share totaled 35 cents.Analysts polled by FactSet had expected 24 cents a share.“We concluded Fiscal 2026 with an exceptional fourth quarter performance,” News Corp CEO Robert Thomson said in a statement.
“Our record performance is a product of sustained focus on, and reinvestment in, News Corp’s core growth engines and our transformation to a digital-first company underpinned by insightful and trusted content,” he added.During the quarter, News Corp’s financial results were powered by a 7% jump in revenue to $644 million at its Dow Jones unit, which publishes The Wall Street Journal and MarketWatch.The firm saw a 19% increase at its real estate division to $553 million and a 15% jump in book publishing revenue to $566 million.Thomson — who previously ripped AI companies for failing to pay enough for content — touted News Corp’s artificial intelligence partnerships.“Much of the world is being reshaped by artificial intelligence, but artificial intelligence itself is only as useful and only as trustworthy as the quality of its inputs,” he said.“We believe that makes News Corp an absolutely critical participant in the emerging AI ecosystem.
Without our journalists, our authors, our data, our brands and our professional expertise, users would be drowning in a slimy sea of AI slop.”He cited the company’s content relationships with OpenAI and Meta, noting that News Corp is in advance discussions with several other companies, before issuing a stern warning.“However,...