Record Profitability
News Corp reported a record year for profitability on a continuing operations basis, with total segment EBITDA improving 14% to over $1.4 billion and net income from continuing operations increasing 71% to $648 million.
Strong Performance in Dow Jones Segment
Dow Jones had another strong year, with revenue and EBITDA rising 4% and 8%, respectively. The fourth quarter saw a 7% increase in revenue to $604 million and a 10% rise in EBITDA to $151 million.
Digital Real Estate Growth
Digital Real Estate revenues rose 9% for the year, with the segment posting increased EBITDA of 18%. Realtor.com showed revenue growth for the third consecutive quarter despite a sluggish housing market.
Successful Stock Repurchase Program
The Board authorized a new $1 billion stock repurchase program, in addition to the $300 million remaining from the previous program, reflecting the company's strong cash flow and focus on returning capital to shareholders.
Book Publishing Achievements
Book Publishing posted its second-best revenue year on record with a 3% increase to $2.1 billion, while segment EBITDA expanded by 10% to $296 million.