Press release
News Corporation Reports Third Quarter Results for Fiscal 2022
FISCAL 2022 THIRD QUARTER KEY FINANCIAL HIGHLIGHTS Revenues in the quarter were $2.49 billion, a record for third quarter revenue and a 7% increase compared
About this update from News Corporation
[{"type":"text","content":"\nFISCAL 2022 THIRD QUARTER KEY FINANCIAL HIGHLIGHTS\n\n\nRevenues in the quarter were $2.49 billion, a record for third quarter revenue and a 7% increase compared to $2.34 billion in the prior year\n\n\nNet income in the quarter was $104 million, an 8% increase compared to $96 million in the prior year\n\n\nTotal Segment EBITDA in the quarter was $358 million, a 20% increase compared to $298 million in the prior year, and includes $15 million of one-time transaction costs\n\n\nIn the quarter, Reported EPS were $0.14 compared to $0.13 in the prior year – Adjusted EPS were $0.16 compared to $0.09 in the prior year\n\n\nDow Jones reported its highest third quarter revenue since its acquisition with 16% growth and saw continued digital subscription gains as well as strong performance in advertising\n\n\nAs of the end of March, Foxtel’s total paid streaming subscribers grew 62% compared to the prior year with both BINGE and Kayo at approximately 1.2 million subscribers\n\n\nDigital Real Estate Services segment revenues grew 19% in the quarter and Segment EBITDA expanded 17% despite a difficult prior year comparison\n\n\nNews Media continued to benefit from the rebound in the advertising market, new content licensing revenues and strong digital subscriber gains\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 March 31, 2022.\n\nCommenting on the results, Chief Executive Robert Thomson said:\n\n“News Corp revenues and profitability set new records for the third quarter, building on the momentum of preceding record quarters. We have now achieved more in profitability through the first three quarters of fiscal 2022 — at over $1.3 billion and rising 27 percent compared to the prior year — than in any entire fiscal year since our rebirth in 2013.\n\nFor the third quarter of fiscal 2022, News Corp delivered $2.5 billion of revenues, up 7 percent, despite significant currency volatility, while profitability improved by 20 percent, including one-time transaction costs for the OPIS acquisition. That growth has been underpinned by our continued transformation to a digital-led company. We benefited from a surge in digital advertising revenue, including 21 percent growth at Dow Jones, and more than 15 percent growth ...