News Corp.: Fiscal Q1 Earnings Snapshot
AInvestThursday, Nov 7, 2024 4:38 pm ET
1min read
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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.

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