Press release
News Corporation Reports Fourth Quarter and Full Year Results for Fiscal 2021
FISCAL 2021 FULL YEAR KEY FINANCIAL HIGHLIGHTS Revenues were $9.36 billion, a 4% increase compared to $9.01 billion in the prior year, reflecting a 30%
About this update from News Corporation
[{"type":"text","content":"\nFISCAL 2021 FULL YEAR KEY FINANCIAL HIGHLIGHTS\n\n\nRevenues were $9.36 billion, a 4% increase compared to $9.01 billion in the prior year, reflecting a 30% increase in the fourth quarter\n\n\nNet income of $389 million compared to a net loss of $(1.55) billion in the prior year, which included non-cash impairment charges of $1.69 billion\n\n\nTotal Segment EBITDA was $1.27 billion compared to $1.01 billion in the prior year\n\n\nDiluted EPS were $0.56 compared to $(2.16) in the prior year – Adjusted EPS were $0.67 compared to $0.22 in the prior year\n\n\nRevenues at Move, operator of realtor.com®, grew 36% year-over-year, with 68% growth in the fourth quarter, which was an acceleration from the prior quarter growth rate. Average monthly unique users grew 32% in the fourth quarter\n\n\nDow Jones saw record digital subscriptions, continued robust growth at Risk & Compliance and a strong increase in digital advertising revenues\n\n\nFoxtel’s streaming products exceeded 2 million total paid subscribers as of year end, driving 40% total paid subscriber growth\n\n\nBook Publishing continued to benefit from strong consumption patterns with 19% revenue growth\n\n\nAnnounced agreement to acquire OPIS, a leading data and analytics provider for energy and commodities markets, to bolster Dow Jones’ Professional Information Business\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, 2021. Commenting on the results, Chief Executive Robert Thomson said:\n\n“Fiscal Year 2021 was the most profitable year since we created the new News Corp in 2013, with revenues rising 4 percent in the full year and surging by 30 percent in the Fourth Quarter. Profitability improved by 26 percent for the year, when we had a record number of digital subscriptions, record revenue and profits at Move and record traffic at realtor.com®, record profits at HarperCollins and the largest profit at Dow Jones since its acquisition in 2007.\n\nWe also saw record subscriber growth at Foxtel, where, at the end of June, our paid streaming subscribers reached over 2 million, an increase year-on-year of 155 percent. That sterling performance has clearly given us much optionality as we consider Foxtel’s future, which is certa...