News Corporation has highlighted a significant transformation in its business model, moving from a reliance on legacy media and advertising revenues to a more diversified structure emphasizing recurring revenues. The company reported that its core growth areas-Dow Jones, Digital Real Estate Services, and Book Publishing-now account for a substantially larger share of profitability compared to previous years. These segments have also driven a notable increase in overall segment EBITDA margin, rising from 11.9% in fiscal 2018 to 16.7% in fiscal 2025. Key transactions since fiscal 2020 include acquisitions such as IBD, OPIS, CMA, Dragonfly Intelligence & Oxford Analytica by Dow Jones, and HMH by HarperCollins, as well as the sale of non-core assets like Unruly, News America Marketing, and Foxtel. You can access the full presentation through the link below.