Significant Increase in Net Income
Net income from continuing operations rose 67% to $107 million in the third quarter compared to the prior year.
Dow Jones Performance
Dow Jones posted a healthy 6% revenue growth, while profitability surged 12% and the margin rose from 21.7% to 23%. Digital circulation revenue expanded 14%.
Digital Real Estate Services Growth
Profitability surged 19% on a 5% increase in revenues, with margins improving from 26.8% to 30.5%.
Successful Sale of Foxtel
Concluded the sale of Foxtel to DAZN, transferring $724 million of debt off the balance sheet, and received an equity interest in DAZN.
Record Earnings Per Share
Reported EPS from continuing operations doubled to $0.14, while adjusted EPS was $0.17 compared to $0.13 a year ago.
Book Publishing Segment Growth
Revenue expanded by 2% to $514 million and EBITDA rose 3% to $64 million.