News (NWS) 7 Nov 24 2025 Q1 Earnings call transcript

In the recent earnings call, News Corp showcased its robust financial performance for the first quarter of Fiscal 2025. With record-breaking revenue and profitability, the company is poised for a strong year ahead. Here are the key takeaways from the call.

Financial Highlights

News Corp reported a 3% increase in revenue year-over-year to $2.58 billion, with a surge in profitability of 14% to $415 million. The company's net income jumped from $58 million last year to $144 million, and EPS was $0.21 compared to $0.05 in the same quarter last year. The CEO, Robert Thomson, attributed these achievements to the company's successful transformation over the past decade and its strategic focus on digital real estate and B2B information services.

Digital Real Estate and B2B Information Services

News Corp's digital real estate segment, particularly REA in Australia, had a particularly strong quarter, with listings nationally rising 7% and digital revenue growing 13%. The company's expansion into financial services and premium products for agents and families also holds significant potential for growth. Dow Jones' B2B data and information services, including Risk and Compliance and Dow Jones Energy, continued to thrive, with revenue growth of 8% and 11%, respectively.

Journalism and AI

The importance of trusted journalism in today's media landscape was emphasized, with News Corp's partnership with OpenAI being highlighted as crucial. However, the company is also prepared to take legal action against companies misusing and abusing its journalism, particularly those involved in the sale of products based on its content. This stance underscores the company's commitment to protecting its intellectual property and maintaining the integrity of its journalism.

Challenges and Future Outlook

Despite the impressive financial results, News Corp faces challenges, including the ongoing negotiations over the future of Foxtel and the impact of ad agency biases on media properties. However, the company remains optimistic about its future, with a focus on maximizing value for shareholders and continuing to invest in its digital-first strategy.

Conclusion

News Corp's first quarter of Fiscal 2025 was marked by strong financial performance and strategic investments in digital real estate, B2B information services, and journalism. The company's commitment to protecting its intellectual property and maintaining the integrity of its journalism is noteworthy, and its strategic focus on digital growth positions it well for the future. As News Corp continues to navigate the challenges of the media landscape, its strong financial position and strategic direction bode well for its long-term success.