Increased Revenue and Profitability
News Corp's revenue rose 2% to $2.14 billion, and total segment EBITDA increased by 5% to $340 million.
Strong Performance in Dow Jones and Digital Real Estate
Dow Jones EBITDA rose 10% with a 6% revenue increase. Digital Real Estate Services saw a 9% revenue boost, and the margin rose from 30.6% to 33%.
Successful Cost Management in News Media
EBITDA for News Media grew 67%, with a margin increase from 3.3% to 5.5%.
Record Digital Revenue Contributions
Digital accounted for 68% of advertising revenues and 84% of Dow Jones segment revenue.
Accelerated Share Buyback Program
The share buyback program accelerated to $2.5 million per day, over 4 times the previous pace.