News Corp updates on $2bn share buyback programs

News Corporation (ARBN 163882933) provided an update to its buy-back program on November 20, 2025. The company is currently engaged in an "Other buy-back" type, which includes the 2021 Repurchase Program, authorizing up to $1 billion, and the 2025 Repurchase Program, authorizing an additional $1 billion. These programs allow for the repurchase of Class A common stock and Class B common stock, but explicitly exclude ASX-listed CDIs. Goldman Sachs & Co. LLC acts as the broker for these repurchases, with the buy-back consideration paid in US dollars.

As of the previous day, November 19, 2025, News Corporation bought back 31,304 securities, bringing the total number of securities bought back to 13,029,860. The total consideration paid for these securities on the previous day was $892,699.30, contributing to a cumulative total consideration of $298,666,585.30. The highest price paid on the previous day was $28.74, while the lowest was $28.35. Overall, the highest price paid since the program's inception was $35.41 on July 15, 2025, and the lowest was $15.17 on September 29, 2022.

The company's remaining authorization for repurchases under the 2021 Repurchase Program indicates approximately $886,946,413 worth of Class A and Class B shares have been purchased based on total consideration paid. The buy-back is designed to enhance shareholder value and does not require security holder approval or have restrictions on foreign participation. The anticipated start date for the buy-back was September 22, 2021.