# News Corporation (ASX: NWS) shares are looking like a good buy according to UBS, following a strong third-quarter result.

*business · news · 2026-05-08 · The Motley Fool Australia*

## Key points

- News Corp's third-quarter revenue rose 9% to US$2.19 billion, surpassing expectations.
- REA Group, partly owned by News Corp, increased its revenue by 20% to US$325 million.
- News Corp finalized a content deal with Meta, adding to its partnership with OpenAI.
- UBS raised its price target for News Corp shares to $56, significantly above the current $42.90.

**Companies:** News Corporation, REA Group Ltd
**Countries:** Australia

[Read the full story on The Motley Fool Australia](https://www.fool.com.au/2026/05/08/whats-the-ubs-call-on-news-corp-shares-after-a-strong-quarterly-result/)

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