News Corp (Class A) reported $1.19B of remaining performance obligations at 30 Sep 2026, up 7% from a year earlier and down 5% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.97.
Net new backlog added in the latest quarter: -$66.0M.
The company reports 31% of the backlog due within the first 9 months.
Customer prepayments (contract liabilities) cover 45.8% of the backlog.
Twelve-month book-to-bill: 1.01, i.e. 1.01 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -1 points — revenue is catching up with orders.
By backlog size it ranks 226th among US filers the cockpit tracks.
News Corp (Class A) backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$1.19B
$9.16B
0.1 yrs
$546M
30 Jun 2026
$1.26B
$9.03B
0.1 yrs
$543M
31 Mar 2026
$1.29B
$8.80B
0.1 yrs
$556M
31 Dec 2025
$1.11B
$8.62B
0.1 yrs
$474M
30 Sep 2025
$1.11B
$8.50B
0.1 yrs
$504M
30 Jun 2025
$1.14B
$8.45B
0.1 yrs
$498M
31 Mar 2025
$1.18B
$8.44B
0.1 yrs
$501M
31 Dec 2024
$1.26B
$8.42B
0.1 yrs
$431M
30 Sep 2024
$1.32B
$8.32B
0.2 yrs
$488M
30 Jun 2024
$1.41B
$8.25B
0.2 yrs
$483M
31 Mar 2024
$1.17B
$7.19B
0.2 yrs
$484M
31 Dec 2023
$1.24B
$7.65B
0.2 yrs
$446M
Questions
What is News Corp (Class A)'s backlog?
News Corp (Class A) reported $1.19B of remaining performance obligations at 30 Sep 2026, up 7% from a year earlier and down 5% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.97.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.