Press release
News Corporation Reports Fourth Quarter and Full Year Results for Fiscal 2024
FISCAL 2024 FOURTH QUARTER AND FULL YEAR KEY FINANCIAL HIGHLIGHTS Fourth quarter revenues were $2.58 billion, a 6% increase compared to $2.43 billion in the
About this update from News Corporation
[{"type":"text","content":"\nFISCAL 2024 FOURTH QUARTER AND FULL YEAR KEY FINANCIAL HIGHLIGHTS\n\n\n\nFourth quarter revenues were $2.58 billion, a 6% increase compared to $2.43 billion in the prior year, driven by growth at the Digital Real Estate Services, Book Publishing and Dow Jones segments\n\n\n\nNet income in the quarter was $71 million, a significant improvement compared to a net loss of $(32) million in the prior year\n\n\n\nTotal Segment EBITDA was the highest for a fourth quarter since separation at $380 million, compared to $341 million in the prior year\n\n\n\nIn the quarter, reported EPS were $0.09 as compared to $(0.01) in the prior year - Adjusted EPS were $0.17 compared to $0.14 in the prior year\n\n\n\nAt the Dow Jones segment, for the quarter and full fiscal year, the professional information business was the largest contributor to segment profitability driven by robust revenue growth at Risk & Compliance and Dow Jones Energy\n\n\n\nBook Publishing revenues grew 15% in the quarter, while Segment EBITDA increased $41 million, driven by higher physical and digital book sales combined with improved return rates. Digital audiobooks revenue was larger than e-books revenue for the first time this quarter\n\n\n\nREA Group posted exceptional results for the quarter, with revenues of $305 million, a 37% increase compared to the prior year, primarily driven by robust Australian residential performance and higher financial services revenue\n\n\n\nAt the Subscription Video Services segment, Foxtel Group saw strong streaming performance, with both Kayo and BINGE achieving record paying subscribers, and ended the fiscal year at over 3.2 million total paying streaming subscribers\n\n\n\nAnnounced landmark multi-year global partnership with OpenAI\n\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 and fiscal year ended June 30, 2024.\n\n\nCommenting on the results, Chief Executive Robert Thomson said:\n\n\n“Fiscal 2024 was an outstanding year for News Corp, as we not only delivered robust earnings growth and created substantial shareholder value, but took a significant step to prepare the Company to prosper in the AI age.\n\n\nOur landmark agreement with OpenAI is not only expected to be lucrative, but will enable us to work clo...