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of Contents](#iff71dad9b59745279c54a9fe432e1e7e_7)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n_________________________________________\n\nFORM 10-Q\n\n_________________________________________\n\n(Mark One)\n\n☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nor\n\n☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from to\n\nCommission File Number 001-35769\n\n_________________________________________\n\nNEWS CORPORATION\n\n(Exact name of registrant as specified in its charter)\n\n_________________________________________\n\nDelaware46-2950970\n\n(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)\n\n1211 Avenue of the Americas, New York, New York\n10036\n\n(Address of principal executive offices)(Zip Code)\n\n(212) 416-3400\n\n(Registrant’s telephone number, including area code)\n\n_________________________________________\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each class\nTrading\nSymbol(s)\n\nName of each exchange\non which registered\n\nClass A Common Stock, par value $0.01 per shareNWSAThe Nasdaq Global Select Market\n\nClass B Common Stock, par value $0.01 per shareNWSThe Nasdaq Global Select Market\n\nIndicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer\n☒\nAccelerated filer\n☐\n\nNon-accelerated filer\n☐\nSmaller reporting company\n☐\n\nEmerging growth company\n☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes ☐ No ☒\n\nAs of May 1, 2026, 364,894,933 shares of Class A Common Stock and 182,551,827 shares of Class B Common Stock were outstanding.\n\n[Table of Contents](#iff71dad9b59745279c54a9fe432e1e7e_7)\n\nNEWS CORPORATION\n\nFORM 10-Q\n\nTABLE OF CONTENTS\n\nPage\n\n[Part I. Financial Information](#iff71dad9b59745279c54a9fe432e1e7e_10)\n\n[Item 1. Financial Statements](#iff71dad9b59745279c54a9fe432e1e7e_13)\n\n[Consolidated Statements of Operations for the three](#iff71dad9b59745279c54a9fe432e1e7e_16)[and](#iff71dad9b59745279c54a9fe432e1e7e_16)[nine](#iff71dad9b59745279c54a9fe432e1e7e_16)[months ende](#iff71dad9b59745279c54a9fe432e1e7e_16)[d](#iff71dad9b59745279c54a9fe432e1e7e_16)[March](#iff71dad9b59745279c54a9fe432e1e7e_16)[31](#iff71dad9b59745279c54a9fe432e1e7e_16)[, 20](#iff71dad9b59745279c54a9fe432e1e7e_16)[2](#iff71dad9b59745279c54a9fe432e1e7e_16)[6](#iff71dad9b59745279c54a9fe432e1e7e_16)[and 202](#iff71dad9b59745279c54a9fe432e1e7e_16)[5](#iff71dad9b59745279c54a9fe432e1e7e_16)[(unaudited)](#iff71dad9b59745279c54a9fe432e1e7e_16)\n\n[2](#iff71dad9b59745279c54a9fe432e1e7e_16)\n\n[Consolidated Statements of Comprehensive](#iff71dad9b59745279c54a9fe432e1e7e_19)[In](#iff71dad9b59745279c54a9fe432e1e7e_19)[c](#iff71dad9b59745279c54a9fe432e1e7e_19)[ome](#iff71dad9b59745279c54a9fe432e1e7e_19) (Loss)[fo](#iff71dad9b59745279c54a9fe432e1e7e_19)[r the](#iff71dad9b59745279c54a9fe432e1e7e_19)[three](#iff71dad9b59745279c54a9fe432e1e7e_16)[and](#iff71dad9b59745279c54a9fe432e1e7e_16)[nine](#iff71dad9b59745279c54a9fe432e1e7e_16)[months](#iff71dad9b59745279c54a9fe432e1e7e_16)[ended](#iff71dad9b59745279c54a9fe432e1e7e_16)[March](#iff71dad9b59745279c54a9fe432e1e7e_16)[31](#iff71dad9b59745279c54a9fe432e1e7e_16)[, 202](#iff71dad9b59745279c54a9fe432e1e7e_16)[6](#iff71dad9b59745279c54a9fe432e1e7e_16)[and 20](#iff71dad9b59745279c54a9fe432e1e7e_16)[2](#iff71dad9b59745279c54a9fe432e1e7e_16)5 [(unaudited)](#iff71dad9b59745279c54a9fe432e1e7e_19)\n\n[3](#iff71dad9b59745279c54a9fe432e1e7e_19)\n\n[Consolidated Balance Sheets as of](#iff71dad9b59745279c54a9fe432e1e7e_25)[March](#iff71dad9b59745279c54a9fe432e1e7e_25)[31](#iff71dad9b59745279c54a9fe432e1e7e_25)[,](#iff71dad9b59745279c54a9fe432e1e7e_25)[202](#iff71dad9b59745279c54a9fe432e1e7e_25)[6](#iff71dad9b59745279c54a9fe432e1e7e_25)[(una](#iff71dad9b59745279c54a9fe432e1e7e_25)[udit](#iff71dad9b59745279c54a9fe432e1e7e_25)[ed)](#iff71dad9b59745279c54a9fe432e1e7e_25)[and June 30, 20](#iff71dad9b59745279c54a9fe432e1e7e_25)[2](#iff71dad9b59745279c54a9fe432e1e7e_25)[5](#iff71dad9b59745279c54a9fe432e1e7e_25)[(](#iff71dad9b59745279c54a9fe432e1e7e_25)[audited)](#iff71dad9b59745279c54a9fe432e1e7e_25)\n\n[4](#iff71dad9b59745279c54a9fe432e1e7e_25)\n\n[Consolidated Statements of Cash Flows for the](#iff71dad9b59745279c54a9fe432e1e7e_549755815132)[nine](#iff71dad9b59745279c54a9fe432e1e7e_549755815132)[months ended](#iff71dad9b59745279c54a9fe432e1e7e_549755815132)[March](#iff71dad9b59745279c54a9fe432e1e7e_549755815132)[31](#iff71dad9b59745279c54a9fe432e1e7e_549755815132)[, 202](#iff71dad9b59745279c54a9fe432e1e7e_549755815132)[6](#iff71dad9b59745279c54a9fe432e1e7e_549755815132)[and 202](#iff71dad9b59745279c54a9fe432e1e7e_549755815132)[5](#iff71dad9b59745279c54a9fe432e1e7e_549755815132)[(unaudited)](#iff71dad9b59745279c54a9fe432e1e7e_549755815132)\n\n[5](#iff71dad9b59745279c54a9fe432e1e7e_549755815132)\n\n[Notes to the Unaudited Consolidated Financial Statements](#iff71dad9b59745279c54a9fe432e1e7e_31)\n\n[6](#iff71dad9b59745279c54a9fe432e1e7e_34)\n\n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#iff71dad9b59745279c54a9fe432e1e7e_106)\n\n[29](#iff71dad9b59745279c54a9fe432e1e7e_106)\n\n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#iff71dad9b59745279c54a9fe432e1e7e_127)\n\n[46](#iff71dad9b59745279c54a9fe432e1e7e_127)\n\n[Item 4. Controls and Procedures](#iff71dad9b59745279c54a9fe432e1e7e_130)\n\n[46](#iff71dad9b59745279c54a9fe432e1e7e_130)\n\n[Part II. Other Information](#iff71dad9b59745279c54a9fe432e1e7e_133)\n\n[Item 1. Legal Proceedings](#iff71dad9b59745279c54a9fe432e1e7e_136)\n\n[47](#iff71dad9b59745279c54a9fe432e1e7e_136)\n\n[Item 1A. Risk Factors](#iff71dad9b59745279c54a9fe432e1e7e_139)\n\n[47](#iff71dad9b59745279c54a9fe432e1e7e_139)\n\n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#iff71dad9b59745279c54a9fe432e1e7e_142)\n\n[47](#iff71dad9b59745279c54a9fe432e1e7e_142)\n\n[Item 3. Defaults Upon Senior Securities](#iff71dad9b59745279c54a9fe432e1e7e_145)\n\n[47](#iff71dad9b59745279c54a9fe432e1e7e_145)\n\n[Item 4. Mine Safety Disclosures](#iff71dad9b59745279c54a9fe432e1e7e_148)\n\n[47](#iff71dad9b59745279c54a9fe432e1e7e_148)\n\n[Item 5. Other Information](#iff71dad9b59745279c54a9fe432e1e7e_151)\n\n[48](#iff71dad9b59745279c54a9fe432e1e7e_151)\n\n[Item 6. Exhibits](#iff71dad9b59745279c54a9fe432e1e7e_154)\n\n[48](#iff71dad9b59745279c54a9fe432e1e7e_154)\n\n[Signature](#iff71dad9b59745279c54a9fe432e1e7e_157)\n\n[49](#iff71dad9b59745279c54a9fe432e1e7e_157)\n\n[Table of Contents](#iff71dad9b59745279c54a9fe432e1e7e_7)\n\nPART I"}