News Corp. has reported a 9% year-over-year revenue increase for the third quarter, reaching $2.19 billion. The growth was primarily driven by strong performance in its Dow Jones division (publisher of The Wall Street Journal and New York Post), its online real estate services division, and its book publishing sector.
Financial Highlights for Q3
Revenue: $2.19 billion, up 9% from the same period last year. Analysts surveyed by Yahoo Finance had projected $2.11 billion.
Net Income: $121 million, a 13% increase compared to $107 million in the prior year.
Earnings Per Share (EPS):
- Diluted EPS: 16 cents per share
- Adjusted EPS: 21 cents per share, exceeding the 20 cents per share expected by analysts
Market Reaction and Outlook
The company’s financial results for Q3 have exceeded analyst expectations, signaling positive momentum across its core business segments. Growth in digital advertising, real estate services, and publishing contributed to the overall revenue increase.
Related articles
Trump Rejects Claim He Enjoys Press Gaggles, Cites Media Bias in Fox News Interview
President Donald Trump shut down the notion he enjoys press gaggles, telling Fox News’ Sean Hannity his frequent meetings with journalists are meant t...
Spencer Pratt Denies Reality Show Claims Amid L.A. Mayoral Run
Spencer Pratt denied Thursday reports that there is a reality show underway charting his personal and political life from Boardwalk Pictures, the prod...
Business Insider Faces Fourth Consecutive Year of Layoffs Amid Newsroom Reductions
Business Insider is being hit with layoffs for the fourth time in four years. On Thursday, Editor-in-Chief Jamie Heller sent a letter informing Busine...
BET and aTwist Partner to Launch Microdramas for Cross-Platform Audiences
BET will partner with new microdrama platform aTwist, formerly known as MicroCo, to develop and produce original content. The partnership will see the...
5 Key Insights from Q1 Earnings: Warnermount Merger, AI Impact, and Industry Shifts
With all of the major media and tech companies finished reporting their March quarterly results, it’s time to take stock of where the entertainment in...
Versant Q1 Profits Drop 22% as Linear and Ad Revenues Decline, Shares Surge 11%
Wall Street was expecting revenue of $1.62 billion on earnings of $2.16 per share, per Yahoo Finance. Versant sold SportsEngine to PlayMetrics for an...
CBS Evening News Segment Ends Early After Cameraman Collapses On-Air
Tony Dokoupil cut Wednesday’s installment of “CBS Evening News” short after his cameraman collapsed live on-air during the final segment. A CBS spokes...
Netflix Ad Tier Hits 250M Monthly Active Viewers, Doubling Ad Revenue Projections
Netflix’s ad tier now reaches more than 250 million global monthly active viewers, up from the previous 190 million disclosed in November, with over 8...