News Corporation's Stock Repurchase Program Update

News Corporation filed a Form 8-K with the SEC on October 27, 2025, providing an update on its stock repurchase programs. The company is authorized to repurchase up to $1 billion in aggregate of its Class A and Class B common stock under the 2021 Repurchase Program and an additional $1 billion under the 2025 Repurchase Program. The repurchases are subject to market conditions, the market price of the company's stock, and other factors. The company disclosed daily buy-back notifications to the Australian Securities Exchange (ASX) for transactions under these programs. The filings include forward-looking statements regarding the company's intent to repurchase shares, which are subject to various risks and uncertainties. The company has repurchased approximately $840 million worth of shares under the 2021 Repurchase Program as of the filing date.