News Corp’s Dow Jones business is becoming increasingly digital and subscription-driven, with digital revenue representing 82% of segment revenue during fiscal Q2 2026 as professional information products and digital subscriptions continued expanding.
Dow Jones quarterly revenue increased 8%, driven by higher circulation and subscription revenue, growth in its professional information businesses and higher digital advertising. Digital revenue represented 82% of total Dow Jones revenue, compared with 81% a year earlier.
Risk & Compliance was one of the strongest growth businesses. Revenue surged 20% to $96 million, including a modest contribution from acquisitions, while Dow Jones Energy revenue increased 10% to $75 million. Overall professional information business revenue increased 12%.
News Corp also reported continued momentum in digital subscriptions. By fiscal Q3, average digital-only subscriptions to The Wall Street Journal had increased 11% to approximately 4.33 million, representing 92% of the publication’s approximately 4.71 million total subscriptions.
Across all Dow Jones consumer products, digital-only subscriptions reached approximately 6.06 million during fiscal Q3, up 9%, while total consumer subscriptions increased 7% to approximately 6.55 million.
The professional information business continued strengthening as well. Risk & Compliance revenue increased another 19% in fiscal Q3 to $100 million, while Dow Jones Energy revenue increased 12% to $77 million.
News Corp sees substantial additional earnings potential at Dow Jones. At an investor briefing in March, the company outlined a pathway for the business to reach $1 billion in annual Segment EBITDA within five years, supported in part by Risk & Compliance and Dow Jones Energy.
News Corp is also looking to monetize its proprietary content through artificial intelligence licensing. During fiscal Q2, the company expanded its Bloomberg partnership to include AI rights for Dow Jones content and said additional negotiations were underway.
KEY QUOTES:
“This quarter we expanded our partnership with Bloomberg to include AI rights for our unique Dow Jones content.”
Robert Thomson, Chief Executive Officer Of News Corp
