Direct Answer
News Corp reports revenue across 4 business segments in its fiscal 2025 Form 10-K. Dow Jones is the largest, with $2.3 billion of revenue (28% of the total), followed by News and Information Services at $2.2 billion (26%).
How Does News Corp Make Money?
No single line supplies a majority of revenue: the largest, Dow Jones, is 28%, which spreads News Corp's exposure across several demand drivers. Between fiscal 2024 and 2025, Digital Real Estate Services grew fastest (+8.7%) and News and Information Services slowest (-4.4%), so the revenue mix tilts toward Digital Real Estate Services while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Dow Jones | $2.3 billion | $2.2 billion | 27.6% | 4.5% |
| News and Information Services | $2.2 billion | $2.3 billion | 25.7% | -4.4% |
| Book Publishing | $2.1 billion | $2.1 billion | 25.4% | 2.7% |
| Digital Real Estate Services | $1.8 billion | $1.7 billion | 21.3% | 8.7% |
What Does News Corp Sell?
News Corp also breaks revenue down by product and service line, which shows what customers pay for rather than how management organizes the business.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Circulation and Subscription | $3.0 billion | $2.9 billion | 35.6% | 3.4% |
| Consumer | $2.0 billion | $2.0 billion | 24.2% | 2.4% |
| Real Estate | $1.4 billion | $1.3 billion | 16.7% | 9.8% |
| Advertising | $1.4 billion | $1.4 billion | 16.2% | -2.4% |
| Other Product or Service | $619 million | $659 million | 7.3% | -6.1% |
What the Segment Figures Do Not Show
The rows above add up to 100% of News Corp's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value News Corp reported in the segment note and revenue disclosures of its Form 10-K filed August 6, 2025 (accession 0001564708-25-000419), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are News Corp's business segments?
In its fiscal 2025 Form 10-K, News Corp reports revenue for Dow Jones, News and Information Services, Book Publishing and Digital Real Estate Services.
Which part of News Corp brings in the most revenue?
Dow Jones, with $2.3 billion of revenue in fiscal 2025, or 28% of the total.
Where does News Corp report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed August 7, 2026, alongside management's discussion of each segment's results.