Subtext

News Corporation NWSA

SectorCommunication Services
Transcripts50
Date range2012-11-06 – 2025-05-08
Calls charted50

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-18-9+0+9+182013 Q12015 Q12016 Q42018 Q32020 Q22022 Q12023 Q42025 Q32013 Q1 · Overall: +6.92013 Q2 · Overall: +6.42013 Q3 · Overall: +8.72014 Q1 · Overall: +1.22014 Q2 · Overall: +9.52014 Q3 · Overall: +2.82014 Q4 · Overall: +7.12015 Q1 · Overall: +7.42015 Q2 · Overall: +10.92015 Q3 · Overall: +7.12015 Q4 · Overall: +8.52016 Q1 · Overall: -0.12016 Q2 · Overall: +1.12016 Q3 · Overall: +1.82016 Q4 · Overall: +5.22017 Q1 · Overall: -2.52017 Q2 · Overall: +5.82017 Q3 · Overall: +7.42017 Q4 · Overall: +10.42018 Q1 · Overall: +9.02018 Q2 · Overall: +9.22018 Q3 · Overall: +8.12018 Q4 · Overall: +9.12019 Q1 · Overall: +9.82019 Q2 · Overall: +0.62019 Q3 · Overall: +5.52019 Q4 · Overall: +8.62020 Q1 · Overall: -1.22020 Q2 · Overall: +6.72020 Q3 · Overall: -4.42020 Q4 · Overall: -1.32021 Q1 · Overall: +3.32021 Q2 · Overall: +9.62021 Q3 · Overall: +11.82021 Q4 · Overall: +15.72022 Q1 · Overall: +9.32022 Q2 · Overall: +15.02022 Q3 · Overall: +14.12022 Q4 · Overall: +12.92023 Q1 · Overall: +8.02023 Q2 · Overall: -2.32023 Q3 · Overall: +4.22023 Q4 · Overall: +1.72024 Q1 · Overall: +9.42024 Q2 · Overall: +11.82024 Q3 · Overall: +9.02024 Q4 · Overall: +9.92025 Q1 · Overall: +5.62025 Q2 · Overall: +13.72025 Q3 · Overall: +5.6
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-30-15+0+15+302013 Q12015 Q12016 Q42018 Q32020 Q22022 Q12023 Q42025 Q32014 Q1 · CEO: +16.92014 Q3 · CEO: +11.62014 Q4 · CEO: +18.82015 Q1 · CEO: +19.52015 Q2 · CEO: +18.02015 Q3 · CEO: +18.32015 Q4 · CEO: +23.52016 Q1 · CEO: +10.82016 Q2 · CEO: +12.72016 Q3 · CEO: +12.82017 Q2 · CEO: +12.02017 Q3 · CEO: +8.62017 Q4 · CEO: +20.92018 Q1 · CEO: +18.22018 Q2 · CEO: +16.92018 Q3 · CEO: +13.52018 Q4 · CEO: +18.12019 Q1 · CEO: +18.32019 Q2 · CEO: +5.12019 Q3 · CEO: +21.32019 Q4 · CEO: +19.02020 Q1 · CEO: +1.82020 Q2 · CEO: +16.52020 Q3 · CEO: +1.92020 Q4 · CEO: +6.42021 Q1 · CEO: +13.62021 Q2 · CEO: +14.32021 Q3 · CEO: +21.02021 Q4 · CEO: +26.12022 Q1 · CEO: +8.62022 Q2 · CEO: +20.02022 Q3 · CEO: +22.42022 Q4 · CEO: +15.72023 Q1 · CEO: +19.42023 Q2 · CEO: +6.82023 Q3 · CEO: +9.02023 Q4 · CEO: +9.82024 Q1 · CEO: +14.22024 Q2 · CEO: +14.12024 Q3 · CEO: +15.82024 Q4 · CEO: +12.02025 Q1 · CEO: +6.92025 Q2 · CEO: +22.02025 Q3 · CEO: +10.12013 Q1 · CFO: -3.92014 Q1 · CFO: -1.32014 Q2 · CFO: -0.72014 Q3 · CFO: -1.42014 Q4 · CFO: +4.22015 Q1 · CFO: -4.12015 Q2 · CFO: +9.72015 Q3 · CFO: -2.72015 Q4 · CFO: +0.02016 Q1 · CFO: -1.12016 Q2 · CFO: -2.92016 Q3 · CFO: -1.32017 Q2 · CFO: +3.22017 Q3 · CFO: +7.22017 Q4 · CFO: +7.02018 Q1 · CFO: +1.12018 Q2 · CFO: +5.12018 Q3 · CFO: +7.82018 Q4 · CFO: +8.92019 Q1 · CFO: +5.92019 Q2 · CFO: +0.02019 Q3 · CFO: -1.62019 Q4 · CFO: +3.52020 Q1 · CFO: +1.92020 Q2 · CFO: +4.22020 Q3 · CFO: -9.62020 Q4 · CFO: -5.52021 Q1 · CFO: -2.02021 Q2 · CFO: +7.92021 Q3 · CFO: +10.42021 Q4 · CFO: +12.72022 Q1 · CFO: +21.62022 Q2 · CFO: +19.62022 Q3 · CFO: +15.32022 Q4 · CFO: +14.72023 Q1 · CFO: +1.32023 Q2 · CFO: -4.22023 Q3 · CFO: +4.22023 Q4 · CFO: +0.42024 Q1 · CFO: +18.22024 Q2 · CFO: +20.52024 Q3 · CFO: +18.02024 Q4 · CFO: +22.92025 Q1 · CFO: +18.62025 Q2 · CFO: +22.72025 Q3 · CFO: +11.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-28-14+0+14+282013 Q12015 Q12016 Q42018 Q32020 Q22022 Q12023 Q42025 Q32013 Q1 · Prepared remarks: +3.92013 Q2 · Prepared remarks: +8.32013 Q3 · Prepared remarks: +10.62014 Q1 · Prepared remarks: +5.42014 Q2 · Prepared remarks: +10.72014 Q3 · Prepared remarks: +5.82014 Q4 · Prepared remarks: +13.82015 Q1 · Prepared remarks: +13.42015 Q2 · Prepared remarks: +14.42015 Q3 · Prepared remarks: +7.12015 Q4 · Prepared remarks: +13.12016 Q1 · Prepared remarks: +6.22016 Q2 · Prepared remarks: +3.32016 Q3 · Prepared remarks: +6.32016 Q4 · Prepared remarks: -1.22017 Q1 · Prepared remarks: +7.22017 Q2 · Prepared remarks: +5.62017 Q3 · Prepared remarks: +10.22017 Q4 · Prepared remarks: +13.42018 Q1 · Prepared remarks: +8.62018 Q2 · Prepared remarks: +12.72018 Q3 · Prepared remarks: +12.72018 Q4 · Prepared remarks: +13.92019 Q1 · Prepared remarks: +10.72019 Q2 · Prepared remarks: +3.92019 Q3 · Prepared remarks: +10.32019 Q4 · Prepared remarks: +13.22020 Q1 · Prepared remarks: +2.12020 Q2 · Prepared remarks: +11.92020 Q3 · Prepared remarks: -4.22020 Q4 · Prepared remarks: +1.82021 Q1 · Prepared remarks: +3.82021 Q2 · Prepared remarks: +10.92021 Q3 · Prepared remarks: +14.32021 Q4 · Prepared remarks: +19.42022 Q1 · Prepared remarks: +18.52022 Q2 · Prepared remarks: +21.92022 Q3 · Prepared remarks: +18.62022 Q4 · Prepared remarks: +17.52023 Q1 · Prepared remarks: +10.32023 Q2 · Prepared remarks: +0.32023 Q3 · Prepared remarks: +4.82023 Q4 · Prepared remarks: +3.82024 Q1 · Prepared remarks: +17.42024 Q2 · Prepared remarks: +17.22024 Q3 · Prepared remarks: +17.72024 Q4 · Prepared remarks: +19.82025 Q1 · Prepared remarks: +14.62025 Q2 · Prepared remarks: +24.82025 Q3 · Prepared remarks: +12.22013 Q1 · Q&A responses: +11.02013 Q2 · Q&A responses: +6.32013 Q3 · Q&A responses: +11.72014 Q1 · Q&A responses: +3.22014 Q2 · Q&A responses: +12.62014 Q3 · Q&A responses: +2.42014 Q4 · Q&A responses: +3.02015 Q1 · Q&A responses: -2.42015 Q2 · Q&A responses: +7.92015 Q3 · Q&A responses: +8.72015 Q4 · Q&A responses: +1.82016 Q1 · Q&A responses: -5.32016 Q2 · Q&A responses: +3.32016 Q3 · Q&A responses: +1.42016 Q4 · Q&A responses: +15.52017 Q1 · Q&A responses: +0.72017 Q2 · Q&A responses: +9.62017 Q3 · Q&A responses: -1.92017 Q4 · Q&A responses: +7.32018 Q1 · Q&A responses: +11.82018 Q2 · Q&A responses: +4.22018 Q3 · Q&A responses: +5.72018 Q4 · Q&A responses: +1.72019 Q1 · Q&A responses: +13.02019 Q2 · Q&A responses: -4.62019 Q3 · Q&A responses: +4.32019 Q4 · Q&A responses: -5.82020 Q1 · Q&A responses: -2.52020 Q2 · Q&A responses: -1.12020 Q3 · Q&A responses: -4.12020 Q4 · Q&A responses: -1.72021 Q1 · Q&A responses: +5.32021 Q2 · Q&A responses: +8.52021 Q3 · Q&A responses: +12.42021 Q4 · Q&A responses: +9.92022 Q1 · Q&A responses: -1.32022 Q2 · Q&A responses: +2.82022 Q3 · Q&A responses: +5.42022 Q4 · Q&A responses: +0.72023 Q1 · Q&A responses: +9.52023 Q2 · Q&A responses: +3.62023 Q3 · Q&A responses: +6.72023 Q4 · Q&A responses: +5.22024 Q1 · Q&A responses: +0.72024 Q2 · Q&A responses: +8.02024 Q3 · Q&A responses: +2.52024 Q4 · Q&A responses: +2.42025 Q1 · Q&A responses: -8.12025 Q2 · Q&A responses: +6.72025 Q3 · Q&A responses: +0.7
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.11$0.60$1.082013 Q12015 Q12016 Q42018 Q32020 Q22022 Q12023 Q42025 Q32014 Q1: $0.452014 Q2: $0.462014 Q3: $0.462014 Q4: $0.552015 Q1: $0.562015 Q2: $0.542015 Q3: $0.562015 Q4: $0.602016 Q1: $0.542016 Q2: $0.532016 Q3: $0.462016 Q4: $0.442017 Q1: $0.472017 Q2: $0.502017 Q3: $0.482017 Q4: $0.532018 Q1: $0.582018 Q2: $0.482018 Q3: $0.392018 Q4: $0.432019 Q1: $0.432019 Q2: $0.432019 Q3: $0.422019 Q4: $0.382020 Q1: $0.382020 Q2: $0.182020 Q3: $0.302020 Q4: $0.382021 Q1: $0.592021 Q2: $0.702021 Q3: $0.802021 Q4: $0.942022 Q1: $1.012022 Q2: $0.992022 Q3: $0.962022 Q4: $0.762023 Q1: $0.672023 Q2: $0.812023 Q3: $0.802023 Q4: $0.772024 Q1: $0.852024 Q2: $0.842024 Q3: $0.892024 Q4: $0.95

Forward P/E

11.4942.0272.542013 Q12015 Q12016 Q42018 Q32020 Q22022 Q12023 Q42025 Q32014 Q1: 39.002014 Q2: 38.222014 Q3: 37.452014 Q4: 27.322015 Q1: 30.162015 Q2: 26.332015 Q3: 23.182015 Q4: 22.602016 Q1: 22.442016 Q2: 22.022016 Q3: 29.802016 Q4: 27.002017 Q1: 26.952017 Q2: 27.162017 Q3: 26.802017 Q4: 31.012018 Q1: 28.162018 Q2: 33.022018 Q3: 32.312018 Q4: 27.532019 Q1: 29.462019 Q2: 31.092019 Q3: 33.902019 Q4: 37.002020 Q1: 26.172020 Q2: 68.332020 Q3: 50.372020 Q4: 46.762021 Q1: 44.852021 Q2: 37.042021 Q3: 27.442021 Q4: 22.492022 Q1: 21.362022 Q2: 15.702022 Q3: 17.562022 Q4: 24.582023 Q1: 23.762023 Q2: 23.782023 Q3: 25.442023 Q4: 29.452024 Q1: 30.912024 Q2: 32.152024 Q3: 29.722024 Q4: 28.98

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q2 tone ↑ +3.4 fwd EPS ↓ -0.02 Tone rose while the forward EPS estimate was cut.
  • 2015 Q3 tone ↓ -3.8 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↑ +3.4 fwd EPS ↓ -0.02 Tone rose while the forward EPS estimate was cut.
  • 2017 Q1 tone ↓ -7.8 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↑ +4.9 fwd EPS ↓ -0.01 Tone rose while the forward EPS estimate was cut.
  • 2019 Q4 tone ↑ +3.1 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +7.9 fwd EPS ↓ -0.20 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -11.1 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -6.4 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↑ +5.6 fwd EPS ↓ -0.02 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↓ -10.3 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↑ +6.4 fwd EPS ↓ -0.01 Tone rose while the forward EPS estimate was cut.
  • 2024 Q2 tone ↑ +2.4 fwd EPS ↓ -0.01 Tone rose while the forward EPS estimate was cut.
  • 2024 Q3 tone ↓ -2.8 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q32025-05-08+5.6——View →
2025 Q22025-02-05+13.7——View →
2025 Q12024-11-09+5.6——View →
2024 Q42024-08-08+9.9$0.9529.0View →
2024 Q32024-05-08+9.0$0.8929.7View →
2024 Q22024-02-07+11.8$0.8432.1View →
2024 Q12023-11-09+9.4$0.8530.9View →
2023 Q42023-08-10+1.7$0.7729.4View →