News Corporation Class A (NWSA) is trading higher as investors react to a newly filed Form 8-K dated May 5, 2026 (filed May 6, 2026) that provides an update on the company’s ongoing repurchase activity under its $1 billion stock buyback program. The filing includes the daily buy-back notification framework required under Australian Securities Exchange rules and reiterates the company’s intent to repurchase shares from time to time, subject to market conditions. (investors.newscorp.com)

In the Appendix 3C disclosure embedded in the 8-K materials, News Corp reports that it repurchased 76,679 Class A shares on May 5, 2026, and that cumulative repurchases prior to that day stood at 5,912,332 Class A shares. The same filing package also includes a parallel disclosure for Class B shares, indicating 38,212 Class B shares were repurchased on May 5, 2026, alongside 2,855,567 Class B shares repurchased before that day. (investors.newscorp.com)

With the stock up on the session, traders appear to be treating the repurchase disclosures as confirmation that News Corp is actively returning capital and providing incremental demand for shares in the open market. The buyback activity can also tighten the share count over time, potentially supporting per-share metrics, especially as the company approaches its next scheduled earnings event. (investors.newscorp.com)

The next major catalyst on the calendar is News Corp’s fiscal 2026 third-quarter earnings event scheduled for May 7, 2026 (5:00 PM EDT). Investors will be looking for updates on cash generation, segment trends, and whether management signals continued buyback intensity or other capital-allocation shifts. (investors.newscorp.com)