icon
icon
icon
icon
$300 Off
$300 Off

News /

Articles /

News Corp.: Fiscal Q1 Earnings Snapshot

Victor HaleThursday, Nov 7, 2024 4:38 pm ET
1min read


News Corp. (NWS) reported strong first quarter fiscal 2025 results, with record revenues of $2.58 billion, a 3% increase year-over-year. Net income jumped 148% to $144 million, while Total Segment EBITDA grew 14% to $415 million. Earnings per share reached $0.21, up from $0.05 in the prior year. The company's growth was primarily driven by robust performances in Digital Real Estate Services, Book Publishing, and Dow Jones segments.



Digital Real Estate Services, particularly REA Group, played a significant role in News Corp.'s strong Q1 performance. REA Group, a leading online real estate platform in Australia, achieved record quarterly revenues of $318 million, up 22% year-over-year. This growth was driven by increased demand for digital services and a growing user base.



The Book Publishing segment also contributed to News Corp.'s earnings growth. Digital book sales increased 15% year-over-year, while Risk & Compliance revenues within the Dow Jones segment surged 16%. This segment's professional information business saw an 8% rise in revenue, driven by increased demand for risk management and compliance solutions.



News Corp.'s strong Q1 earnings reflect the company's ability to adapt to evolving market trends and capitalize on growth opportunities. The company's diverse portfolio of businesses, including digital real estate services, subscription video services, news and information services, and book publishing, has enabled it to maintain a strong financial position despite market volatility.

As News Corp. continues to invest in its core businesses and explore new growth opportunities, investors should monitor the company's progress and consider its potential as a long-term investment. The company's strong earnings growth, coupled with its diverse business model and strategic positioning, makes it an attractive option for investors seeking undervalued opportunities with strong growth potential.

Comments

Add a public comment...
Post
No Comment Yet
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App