Filing Flows › News (NWSA) › How it makes money
How News (NWSA) makes money
News (NWSA) made $2.3B of revenue in the first quarter fiscal 2027 (Q1 FY27), +6% from a year earlier. Circulation and subscription brought in $823M (36%); Consumer brought in $556M (24%); Real estate brought in $418M (18%). Of every dollar of revenue, 13¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q1 FY27
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Circulation and subscription | $823M | 36.1% | +0.4% | +5% |
| Consumer | $556M | 24.4% | +3% | +9% |
| Real estate | $418M | 18.3% | -4% | +13% |
| Advertising | $323M | 14.2% | -11% | +2% |
| Other | $161M | 7.1% | -11% | -2% |
Where each dollar of revenue goes
| Line | Q1 FY27 | % of revenue |
|---|---|---|
| Revenue | $2.3B | 100.0% |
| Operating profit | $296M | 13.0% |
| Income tax | $81.0M | 3.6% |
| Net earnings | $159M | 7.0% |
| Operating cash flow | $13.0M | 0.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 FY27 | $2.3B | +6% |
| Q4 FY26 | $2.3B | +11% |
| Q3 FY26 | $2.2B | +9% |
| Q2 FY26 | $2.4B | +6% |
| Q1 FY26 | $2.1B | +2% |
| Q4 FY25 | $2.1B | +0.8% |
| Q3 FY25 | $2.0B | +0.8% |
From News' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does News make money?
News (NWSA) made $2.3B of revenue in the first quarter fiscal 2027 (Q1 FY27), +6% from a year earlier. Circulation and subscription brought in $823M (36%); Consumer brought in $556M (24%); Real estate brought in $418M (18%). Of every dollar of revenue, 13¢ was left as operating profit, 7¢ was left as net earnings.
What is News' biggest business?
Circulation and subscription: $823M in the first quarter fiscal 2027, 36% of revenue, +5% from a year earlier.
What is News' profit margin?
Net earnings were $159M, 7.0% of revenue, in the first quarter fiscal 2027; the operating margin was 13.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.