Press release
News Corporation Reports Second Quarter Results for Fiscal 2025
FISCAL 2025 SECOND QUARTER KEY FINANCIAL HIGHLIGHTS Second quarter revenues were $2.24 billion, a 5% increase compared to $2.14 billion in the prior year,
About this update from News Corporation
[{"type":"text","content":"\nFISCAL 2025 SECOND QUARTER KEY FINANCIAL HIGHLIGHTS\n\n\n\nSecond quarter revenues were $2.24 billion, a 5% increase compared to $2.14 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 from continuing operations in the quarter was $306 million, a 58% increase compared to $194 million in the prior year\n\n\n\nSecond quarter Total Segment EBITDA was $478 million, a 20% increase compared to $400 million in the prior year\n\n\n\nIn the quarter, reported EPS from continuing operations were $0.40 as compared to $0.28 in the prior year - Adjusted EPS were $0.33 compared to $0.27 in the prior year\n\n\n\nREA Group posted record revenues for the quarter of $343 million, a 17% increase compared to the prior year, driven by continued strong Australian residential performance\n\n\n\nDow Jones achieved record revenues for the quarter of $600 million, underpinned by improved circulation revenues and higher professional information business revenues driven by growth of 11% at Risk & Compliance and 10% at Dow Jones Energy\n\n\n\nBook Publishing revenues grew 8% in the quarter, while Segment EBITDA increased 19%, driven by strong physical and digital book sales\n\n\n\nAnnounced agreement to sell Foxtel to DAZN for A$3.4 billion enterprise value. Results from Foxtel are reflected as discontinued operations. This transaction will enable News Corp to further simplify to drive long-term stockholder value and increase focus on key growth pillars\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 ended December 31, 2024.\n\n\nCommenting on the results, Chief Executive Robert Thomson said:\n\n\n“News Corp had a fruitful quarter, qualitatively and quantitatively. Revenues on a continuing operations basis, which excludes Foxtel, grew 5 percent to $2.24 billion, net income from continuing operations surged 58 percent to $306 million and Total Segment EBITDA rose 20 percent to $478 million.\n\n\nThe three pillars of growth—Digital Real Estate, Dow Jones and Book Publishing—continued to expand Segment EBITDA robustly. We also saw the positive impact of rigorous cost discipline and digital development in the News Media segment, and our overall mar...