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News Corp (NWSA) Financial Forecast Calculator

Interactive 5-year forecast and DCF for News Corp. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from News Corp’s most recent SEC filings.

Revenue FY30
$6.02B
from $8.01B
FCF FY30
$618.9M
Margin 10.3%
Enterprise value
$9.99B
1.2× LTM revenue
Equity value
$9.65B
Net debt $341.0M
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
-5.6%
-10.0%baseline -5.6%40.0%
Gross margin
45.0%
5.0%baseline 45.0%90.0%
Capex % of revenue
4.8%
0.0%baseline 4.8%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the News Corp forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What is News Corp and what are its main business segments?+

News Corp is a global, diversified media and information services company focused on creating and distributing authoritative content, digital real estate services, and professional business intelligence. Its key business segments include Dow Jones, News Media, Book Publishing, Subscription Video Services, and Digital Real Estate Services.

How is News Corp transitioning its business model for revenue growth?+

News Corp is actively transitioning from an asset-heavy print and broadcast model to an asset-light, recurring-revenue model. This shift is driven by digital subscriptions, B2B professional data, and digital real estate lead generation, aiming for sustained growth.

What is News Corp's capital expenditure strategy and its percentage of revenue?+

News Corp's capital expenditure typically ranges from 4.0% to 5.5% of its revenue. Approximately 70% of this capex is allocated to growth initiatives, primarily focused on capitalized software and digital platform development to support its digital transformation.

What is the working capital profile for News Corp?+

News Corp generally exhibits a negative to slightly positive net working capital as a percentage of revenue. This favorable profile is largely due to high deferred revenue balances in its subscription businesses, such as Dow Jones and Foxtel.

How does the financial model for News Corp account for non-controlling interests?+

The financial model for News Corp explicitly accounts for and accurately deducts the substantial non-controlling interests (NCI) in its REA Group and Foxtel subsidiaries. This precise deduction is crucial for determining the sum-of-the-parts equity valuation of the company.

Can I download an Excel financial model for News Corp?+

Yes, an Excel financial model for News Corp is available for download. This model provides a forecast horizon from FY2026 to FY2030 and uses a general corporate model family to analyze its financial performance.

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