News Corp posts record Q1 revenue to beat Wall Street estimates [Yahoo! Finance]
News Corporation - Class B (NWS)
US:NASDAQ Investor Relations:
investors.newscorp.com/investor-relations
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Source: Yahoo! Finance
The media giant, which owns the New York Post and the Wall Street Journal, saw net income jump 148% in the quarter to $144 million, or 21 cents a share. Meanwhile, revenue edged up 3% to $2.58 billion in the quarter ended Sept. 30, News Corp said. Wall Street analysts expected 16 cents a share on revenue of $2.57 billion. “We have begun fiscal 2025 robustly, with record first quarter revenue, strong net income and record first quarter profitability,” News Corp Chief Executive Robert Thomson said after the better-than-expected results. “That we have achieved these record first quarter results in macro-conditions which are far from auspicious is compelling evidence of the successful transformation of News Corp over the past decade.” The company's Dow Jones segment saw a surge in content licensing and digital subscription. Thomson singled out News Corp's “trusted journalism” during the run-up to the presidential election, as well as its partnership with OpenAI. “Artificial
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