News Corp repurchases US$356.6 million in shares

News Corporation reported the repurchase of 13,501,597 shares under its 2025 Repurchase Program, paying a total consideration of US$356,624,303.14. The company disclosed these figures in a daily buy-back notification to the Australian Securities Exchange (ASX) dated October 22, 2026.

The repurchase activity falls under the 2025 Repurchase Program, authorized as of July 15, 2025, which allows for the purchase of up to an aggregate of US$1 billion of the company's Nasdaq-listed Class A and Class B common stock. News Corporation intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and stock prices. The program explicitly excludes any repurchase of ASX-listed depositary interest receipts (CDIs).

In addition to the primary transaction, the notification records a secondary purchase of 54,641 shares for US$1,667,998.49. For the primary batch of shares, the highest price paid was US$31.58 on August 27, 2026, while the lowest price paid was US$22.20 on February 9, 2026. The secondary batch saw a highest price of US$30.76 and a lowest price of US$30.31.

Goldman Sachs & Co. LLC is identified as the broker offering to buy back securities on the entity's behalf. The company stated the reason for the buy-back is to enhance shareholder value. The buy-back does not require security holder approval, nor are there restrictions on foreign participation or other conditions that must be satisfied before the offer becomes unconditional.

The notification indicates that 358,267,137 securities are currently on issue in the class of securities being bought back. The company confirmed it does not intend to buy back a minimum number of securities under this specific classification, though it intends to buy back a maximum number aligned with the program's US$1 billion aggregate limit.