News Corporation beat estimates on revenue last quarter, supported by growth in its Dow Jones segment.
Revenue was US$2.11 billion, rising by 1% year-over-year and beating market estimates of $2.09 billion. However, adjusted earnings per share (EPS) came in at $0.19, slightly below expectations of $0.20.
“News Corp reported a sterling performance sustained across the four quarters of Fiscal 2025. For the full year, revenues rose 2% to nearly US$8.5 billion and our net income from continuing operations improved substantially, increasing 71% to $648 million, while Total Segment EBITDA improved 14% to a new record on a continuing operations basis of over $1.4 billion,” said News Corp CEO Robert Thomson.
Dow Jones revenue was up 7% to US$604 million, with Wall Street Journal subscriptions rising by 7%. Digital Real Estate Services revenue increased 4% to $466 million, driven in part by 4% revenue growth at REA Group.
Book Publishing and News Media revenue each fell by 4% year-over-year
Its Dow Jones and Digital Real Estate Services segments were also the only divisions to see growth in EBITDA, up by 10% and 13% respectively.
The company is negotiating possible licensing agreements with artificial intelligence companies, Thomson said on an earnings call.
“We’re in the midst of advanced negotiations with several AI companies,” said Thomson. “It is clear that many of them have come to recognize that the purchase of IP is as important as the acquisition of semiconductors or the securing of stable energy sources.”
News Corp’s (NASDAQ: NWSA) share price closed at US$29.29 after the results, down from its previous close at $29.51. Its market capitalisation is $17.35 billion.
Related content
