News Corporation Class B ( (NWS) ) has released its Q2 earnings. Here is a breakdown of the information News Corporation Class B presented to its investors.
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News Corporation is a global media and information services company that operates in diverse sectors including digital real estate, book publishing, and news media, with a strong presence in the United States, Australia, and the United Kingdom.
In its second quarter of fiscal 2025, News Corporation reported a 5% increase in revenues to $2.24 billion, alongside a significant 58% rise in net income from continuing operations, attributed to strong performance in its Digital Real Estate Services, Book Publishing, and Dow Jones segments.
Key highlights from the report include a 20% increase in Total Segment EBITDA to $478 million, with the REA Group and Dow Jones segments achieving record revenues. The company also announced the sale of Foxtel to DAZN for A$3.4 billion, a move seen as part of its strategy to simplify operations and focus on core growth areas.
The Book Publishing segment saw an 8% revenue increase due to robust physical and digital book sales, while the News Media segment experienced a slight revenue decline, despite increased digital subscriptions. The company emphasized its strategic partnerships and digital initiatives as key drivers of its financial performance.
Looking ahead, News Corporation remains optimistic about its growth prospects, underpinned by its focus on digital expansion and strategic realignments, as reflected in its recent divestiture of Foxtel and ongoing investments in digital real estate and publishing sectors.
