Highlights

• News Corp’s current repurchase program allows purchases of up to US$1 billion.
• Around US$498.93 million has already been spent under the 2025 buyback initiative.
• Recent cancellations included 300,092 Class A shares and 129,256 Class B shares.

News Corporation (ASX: NWS) has released another update on its ongoing capital-management program, with fresh share repurchases and security cancellations keeping the company’s buyback strategy in focus. News Corporation shares are trading at AU$45.250, with the stock edging almost 1% higher. News Corp continues to operate under its 2025 Repurchase Program, which allows the company to buy back up to US$1 billion of its Class A and Class B common stock.

US$1 Billion Buyback Program Remains Active

News Corp’s repurchase plan was authorised on 15 July 2025 and gives the company flexibility to acquire Nasdaq-listed Class A and Class B common shares through market transactions or other permitted methods.

The pace of buying is not fixed. Future purchases depend on factors including prevailing market conditions, the company’s share price and broader capital-allocation considerations. News Corp has also clarified that its ASX-listed CDIs are excluded from the program.

Goldman Sachs & Co. LLC is acting as the broker for the repurchases, while transactions are settled in US dollars. The company has stated that the program is aimed at supporting shareholder value through disciplined capital management.

Latest Transaction Adds to Repurchase Total

On 25 September 2026, News Corp repurchased 27,128 securities for total consideration of US$857,421.13. The highest price paid during the session was US$31.83 per share, while the lowest purchase price was US$31.32.

Before that transaction, the company had already acquired 5,774,323 securities for approximately US$171.09 million. Across the wider 2025 Repurchase Program, News Corp had spent about US$498.93 million on Class A and Class B shares by 25 September 2026.

Share Cancellations Reduce Outstanding Securities

Separate announcements confirmed that 300,092 Class A shares and 129,256 Class B shares were cancelled on 25 September 2026 following buyback-related activity. After the reported changes, the company recorded 38,546,918 quoted Class B voting CDIs and 761,967 quoted Class A non-voting CDIs.

Capital Returns Could Remain a Key Share Driver

With roughly half of the authorised US$1 billion program already utilised, News Corp still retains meaningful capacity for further repurchases. Additional buybacks could gradually reduce the share base and influence per-share metrics, although the timing and size of future transactions will continue to depend on market conditions and management’s capital-allocation decisions.

Note- All data presented is based on information available at the time of writing.

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