News Corp Completes $1B Buyback Program, Begins New $1B Repurchase

summarizeSummary

News Corp announced the completion of its 2021 $1 billion stock repurchase program and the commencement of its 2025 $1 billion program, with nearly the full amount remaining for future repurchases.

check_boxKey Events

• Completion of 2021 Buyback Program

  News Corp has completed its $1 billion stock repurchase program authorized in 2021, having acquired approximately $1 billion worth of Class A and Class B shares.

• Commencement of 2025 Buyback Program

  The company has begun its new $1 billion stock repurchase program authorized in 2025, with approximately $999.68 million remaining for future repurchases.

• Daily Repurchase Activity

  On January 21, 2026, News Corp repurchased a total of 100,475 shares (70,004 Class A and 30,471 Class B) for a combined consideration of approximately $2.75 million.

auto_awesomeAnalysis

This 8-K provides a significant update on News Corp's capital allocation strategy. The completion of the 2021 $1 billion repurchase program demonstrates the company's commitment to enhancing shareholder value through share reduction. The immediate commencement of the 2025 $1 billion program, with nearly the full amount remaining for future repurchases, signals that the company intends to continue actively repurchasing its shares. This ongoing and substantial buyback activity is a positive indicator for investors, suggesting management believes the stock is undervalued and aims to reduce share count, potentially boosting earnings per share.