AGM/EGMNov 5, 2026, 04:11 PM
News Corp Annual Meeting: Directors Elected, FY26 Record Results Reported
AI Summary
News Corp held its annual meeting of stockholders on November 5, 2026, where directors were elected and key proposals were approved. The company also reported record financial results for fiscal year 2026, with revenues reaching $9 billion and net income from continuing operations at $743 million. Key growth engines like Dow Jones, Digital Real Estate Services, and Book Publishing showed strong performance, contributing to a 15% increase in Total Segment EBITDA and a significant rise in free cash flow, which enabled accelerated capital returns to shareholders.
Key Highlights
- Lachlan K. Murdoch re-elected as Director with 93.0% 'For' votes.
- Robert J. Thomson re-elected as Director with 99.6% 'For' votes.
- Ernst & Young LLP ratified as independent auditor for FY2027 with 98.8% 'For' votes.
- Advisory vote on executive compensation passed with 95.8% 'For' votes.
- Annual frequency for executive compensation advisory votes approved with 99.3% 'For' votes.
- News Corp reported record revenue of $9 billion and profit of $743 million for FY2026.
- Total Segment EBITDA increased 15% to over $1.6 billion in FY2026.
- Free cash flow increased 42% to $811 million in FY2026, with $643 million returned to shareholders via buybacks.
Price Impact
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