Press release
News Corporation Reports First Quarter Results for Fiscal 2022
FISCAL 2022 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS Revenues were $2.50 billion, an 18% increase compared to $2.12 billion in the prior year, driven by growth
About this update from News Corporation
[{"type":"text","content":"\nFISCAL 2022 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS\n\n\nRevenues were $2.50 billion, an 18% increase compared to $2.12 billion in the prior year, driven by growth across key segments\n\n\nNet income of $267 million compared to $47 million in the prior year\n\n\nTotal Segment EBITDA was $410 million compared to $268 million in the prior year\n\n\nReported EPS were $0.33 compared to $0.06 in the prior year – Adjusted EPS were $0.23 compared to $0.08 in the prior year\n\n\nDigital Real Estate Services segment revenues grew 47%, driven primarily by strong yield and demand at both REA Group and Move, operator of realtor.com®\n\n\nDow Jones saw its highest first quarter revenue and profitability since its acquisition\n\n\nBook Publishing segment revenues grew 19%, benefiting from the HMH acquisition and continued strong consumption patterns\n\n\nSubscription Video Services Segment EBITDA grew 46% as Foxtel’s streaming products reached approximately 2.1 million paid subscribers, up 69% compared to the prior year\n\n\nNews Media segment revenues grew 18%, benefiting from the rebound in the advertising market, strong digital subscriber gains and new content licensing revenues from recent news payment agreements with major tech platforms\n\n\nAnnounced a $1 billion stock repurchase program and the termination of the Stockholder Rights Agreement\n\n\n NEW YORK--(BUSINESS WIRE)--\nNews Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended September 30, 2021.\n\nCommenting on the results, Chief Executive Robert Thomson said:\n\n“I am pleased to report that the first quarter of Fiscal 2022 was the most profitable of its kind since the re-launch of News Corp in 2013, building on the trends evident in the last financial year. Revenues for the quarter were $2.5 billion, an increase of 18 percent, while our profitability rose by a hefty 53 percent.\n\nDow Jones achieved stronger profitability than any first quarter in its 140-year history. We look forward to completing the acquisition of OPIS, which will enhance our fast-growing professional information business. Recent events have highlighted the importance of intelligence about energy and carbon markets, and we fully expect to emerge as a world leader in that area.\n\nDigital Real Estate Services was again a...