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21:00
Aug 05 ◎

NWS FY2026 Q4 Watch

News Corporation (NWS) FY2026 Q4 Earnings Call

META Z RDFN ▾

Robert Thomson

Meta's licensing deal with News Corp is now contributing to revenue, indicating Meta is paying for credible news content across its platforms.

"The Meta deal is now part of the business, not just at Dow Jones, but also for news media, as you'll see over successive quarters."

META WATCH

Robert Thomson

Realtor.com's average monthly users (AMU) declined 6% but lead volume rose 1%, indicating a strategic shift towards higher-quality leads and improved monetization despite market headwinds. — This suggests Realtor.com is sacrificing raw traffic for more profitable user segments, which could lead to better revenue per user and market share gains over competitors like Zillow.

"visitors spend far more time and view more pages at Realtor than any other competitor, including Zillow or Redfin or homes.com."

Z WATCH RDFN WATCH

HIGH

21:00
May 07 ◎

NWS FY2026 Q3 Watch

News Corporation (NWS) FY2026 Q3 Earnings Call

REA.AX PERPLEXITY ▾

Lavanya Ramnaraine

REA Group's outlook commentary signals improving Australian housing market conditions, with an upward revision to April listings growth.

"Australian residential new-buy listings for April rose 19%. Please refer to REA for more detailed outlook commentary, which now assumes lower operating cost growth."

REA.AX WATCH

Robert Thomson

News Corp has escalated its legal dispute with Perplexity over alleged IP misuse, indicating a hostile relationship with the private AI search company.

"as for the perplexing perplexity, we are now not the only media company that has brought an action."

PERPLEXITY WATCH

HIGH

22:00
Feb 05 ◎

NWS FY2026 Q2 Watch

News Corporation (NWS) FY2026 Q2 Earnings Call

POLY COST ANTHROPIC NAR Z ▾

Robert Thompson

Partnership to bring Polymarket data to WSJ and other Dow Jones publications. The ticker may be incorrect but this is the best available match for Polymarket.

"We recently announced a partnership with Polymarket that will selectively bring data to users across the Wall Street Journal, Barron's, MarketWatch and Investors Business Daily."

POLY WATCH

Robert Thompson

Management downplays homes.com as a competitive threat, suggesting CoStar's heavy investment is not yielding expected results.

"homes.com... I think that comparison is a little kind, unkind, shall I say."

COST WATCH

Robert Thompson

Anthropic has settled for $1.5B; News Corp expects a substantial payout, signaling a new licensing revenue stream for content holders.

"Anthropic has already agreed to pay $1.5 billion for using pirated books. We and our authors at HarperCollins naturally expect to receive our fair share of that payout starting later this calendar year."

ANTHROPIC WATCH

Lavanya Chandrasekhar

Deepening partnership with the NAR to launch new products, strengthening Realtor.com's position. NAR is an industry association, not a public company.

"The new platform, which leverages our partnership with the National Association of Realtors and the MLSs, enhances the home search experience..."

NAR WATCH

Robert Thompson

Realtor.com's audience share has increased to 29% of all portal visits, triple that of homes.com and double that of Redfin, as its engagement metrics continue to improve. — Even as CoStar pours money into homes.com, Realtor.com is gaining share and engagement, suggesting CoStar's strategy is not benefiting its competitive position.

"unique visits per user for the same period continued to surpass the industry at 4.8 times, almost double that of homes.com and far superior to Zillow."

Z WATCH

Lavanya Chandrasekhar

"We have three times the number of visits as homes.com, two times the number of visits as Redfin."

RDFN WATCH

Robert Thompson

Management is bullish on the second half of FY2026, driven by continued momentum in Dow Jones and Digital Real Estate, plus expected AI licensing revenue.

"We are delighted to report excellent second quarter results with both revenue and profitability growth accelerating from the prior quarter, and we see favourable signs for the second half of our fiscal year."

NWS WATCH

Robert Thompson

Deepening partnership with OpenAI mutually enhances products, validating the value of News Corp's content.

"we have a partnership with OpenAI whose expertise will enhance our editorial, business and real estate products, while our editorial will enhance OpenAI products."

OPENAI WATCH

HIGH

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