News Corp. Profits More Than Double to $144 Million Behind Strong Q1 Subscription Growth [Yahoo! Finance]
News Corporation - Class B (NWS)
US:NASDAQ Investor Relations:
investors.newscorp.com/investor-relations
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Source: Yahoo! Finance
between July and September, which represents the company's first fiscal quarter of 2025. The company pointed to strong subscription growth during the quarter, with its customer base increasing 11% annually to 5.9 million subscriptions. “The just-completed election has highlighted the importance of trusted journalism in a media maelstrom in which some journalists mistake virtue signaling for virtue,” CEO Robert Thomson said in a statement accompanying the company's Q1 report. Here are the top-line results: Net income: Net income of $144 million marked a 148% increase from last year, when the company reported $58 million million in Q1 profit. Revenue: $2.58 billion, up 3% year-over-year. That narrowly beat a sales estimate of $2.56 billion from analysts from Zack's Investment Research. News Corp. noted the $2.58 billion was a new first quarter record for the company. Sales were flat when compared to the previous quarter. Earnings Per Share: Adjusted EPS were 21 cents vs. 5 cen
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