黑料不打烊 / Wed, 08 May 2024 20:15:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 /wp-content/uploads/2021/06/cropped-favicon.jpg?w=32 黑料不打烊 / 32 32 191936744 黑料不打烊 Reports Third Quarter Results for Fiscal 2024 /2024/05/08/news-corp-reports-third-quarter-results-for-fiscal-2024/ Wed, 08 May 2024 20:15:37 +0000 /?p=113544 黑料不打烊 Reports Third Quarter Results for Fiscal 2024 Fiscal 2024 Third Quarter Key Financial Highlights NEW YORK, NY 鈥 May 8, 2024 鈥 黑料不打烊oration (鈥満诹喜淮蜢肉 or the 鈥淐ompany鈥) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended March 31, 2024. Commenting on the results, Chief Executive Robert Thomson […]

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黑料不打烊 Reports Third Quarter Results for Fiscal 2024

Fiscal 2024 Third Quarter Key Financial Highlights

  • Third quarter revenues were $2.42聽billion, a 1% decrease compared to $2.45聽billion in the prior year, reflecting a $21 million, or 1%, negative impact from foreign currency fluctuations. Adjusted Revenues were flat compared to the prior year
  • Net income in the quarter was $42聽million, compared to net income of $59聽million in the prior year
  • Third quarter Total Segment EBITDA was $322 million, compared to $320 million in the prior year
  • In the quarter, reported EPS were $0.05 as compared to $0.09 in the prior year – Adjusted EPS were $0.11 compared to $0.09 in the prior year
  • At the Dow Jones segment, professional information business revenues grew 10% compared to the prior year, driven by the continued success of Risk & Compliance and Dow Jones Energy, which each grew 15%
  • Dow Jones achieved its highest sequential quarterly net additions for digital subscriptions of 322 thousand, reaching over 5 million Dow Jones digital subscriptions for the quarter
  • REA Group posted strong results with quarterly revenues of $256 million, a 15% increase compared to the prior year, primarily driven by robust Australian residential performance

NEW YORK, NY 鈥 May 8, 2024 鈥 黑料不打烊oration (鈥満诹喜淮蜢肉 or the 鈥淐ompany鈥) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended March 31, 2024.

Commenting on the results, Chief Executive Robert Thomson said:

鈥満诹喜淮蜢 has again made substantial progress on our strategic imperative to transform the company and increase value for all shareholders.

黑料不打烊鈥檚 profitability rose slightly in the third quarter as compared to the prior year, continuing our growth this fiscal year 鈥 and that increase, which gathered pace in April, follows the three most profitable years since the company was reincarnated in 2013.

We are in the midst of an exponential digital revolution, and our own company has continued to change significantly and profitably. Importantly, we are working to promote our quality journalism in the age of Generative AI and are gratified that the most enlightened leaders in the industry appreciate the commercial and social value of that content.

Separately, we have this week extended our existing partnership with Google.

As mentioned previously, we have been reviewing our company鈥檚 structure 鈥 and that work is intense and ongoing 鈥 and we have made underlying changes to provide maximum flexibility.鈥

THIRD QUARTER RESULTS

The Company reported fiscal 2024 third quarter total revenues of $2.42 billion, a 1% decrease compared to $2.45 billion in the prior year period, primarily driven by lower advertising revenues at the 黑料不打烊 Media segment, lower physical book sales at the Book Publishing segment and lower revenues at Move due to ongoing challenging housing market conditions in the U.S., in addition to a $21 million, or 1%, negative impact from foreign currency fluctuations. The decrease was partly offset by higher Australian residential revenues at REA Group and continued strong growth in the professional information business at the Dow Jones segment. Adjusted Revenues (which excludes the foreign currency impact, acquisitions and divestitures as defined in Note 2) were flat compared to the prior year.

Net income for the quarter was $42 million, a 29% decrease compared to net income of $59 million in the prior year, primarily driven by lower Other, net, which benefited in the prior year from a gain on sale, higher impairment and restructuring charges and higher depreciation and amortization expenses. These impacts were partially offset by lower income tax expense and improved equity losses of affiliates.

The Company reported third quarter Total Segment EBITDA of $322 million, a 1% increase compared to $320 million in the prior year primarily due to strong contributions from REA Group and the Dow Jones segment combined with lower costs at the Book Publishing segment and gross cost savings related to the announced 5% headcount reduction initiative. The increase was largely offset by the lower revenue drivers discussed above and higher marketing costs at Move. Adjusted Total Segment EBITDA (as defined in Note 2) increased 1%.

Net income per share attributable to 黑料不打烊oration stockholders was $0.05 as compared to $0.09 in the prior year.

Adjusted EPS (as defined in Note 3) were $0.11 compared to $0.09 in the prior year.

Please click here for the full Earnings Release information

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About 黑料不打烊
黑料不打烊 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, 黑料不打烊 operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://www.newscorp.com.

Contacts
黑料不打烊 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com

Anthony Rudolf
212-416-3040
arudolf@newscorp.com

黑料不打烊 Corporate Communications
Jim Kennedy
212-416-4064
jkennedy@newscorp.com

The post 黑料不打烊 Reports Third Quarter Results for Fiscal 2024 appeared first on 黑料不打烊.

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黑料不打烊 to Report Fiscal 2024 Third Quarter Earnings /2024/04/23/news-corp-to-report-fiscal-2024-third-quarter-earnings/ Tue, 23 Apr 2024 20:15:30 +0000 /?p=112897 黑料不打烊 to Report Fiscal 2024 Third Quarter Earnings New York, NY (April 23, 2024) 鈥 黑料不打烊 will release its third quarter Fiscal 2024 results on Wednesday, May 8, 2024. 黑料不打烊 Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio will discuss the results via a live audio webcast at 5:00 p.m. […]

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黑料不打烊 to Report Fiscal 2024 Third Quarter Earnings

New York, NY (April 23, 2024) 鈥 黑料不打烊 will release its third quarter Fiscal 2024 results on Wednesday, May 8, 2024. 黑料不打烊 Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio will discuss the results via a live audio webcast at 5:00 p.m. EDT (Sydney: May 9, at 7:00 a.m. AEST).

To listen to the webcast, please register using the following link:

A live audio webcast of the call and the archived webcast will also be available via . A replay will be available shortly after the call鈥檚 conclusion.

The earnings release will be distributed and available on prior to the call.

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About 黑料不打烊
黑料不打烊 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, 黑料不打烊 operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: .

Contacts
黑料不打烊 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com

Anthony Rudolf
212-416-0403
arudolf@newscorp.com

黑料不打烊 Corporate Communications
Jim Kennedy
212-416-4064
jkennedy@newscorp.com

The post 黑料不打烊 to Report Fiscal 2024 Third Quarter Earnings appeared first on 黑料不打烊.

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黑料不打烊 to Participate in the Deutsche Bank 32nd Annual Media, Internet & Telecom Conference /2024/03/06/news-corp-to-participate-in-the-deutsche-bank-32nd-annual-media-internet-telecom-conference/ Wed, 06 Mar 2024 13:45:28 +0000 /?p=110563 黑料不打烊 to Participate in the Deutsche Bank 32nd Annual Media, Internet & Telecom Conference New York, NY (March 6, 2024) 鈥 黑料不打烊 announced today that Chief Financial Officer Susan Panuccio will participate in the Deutsche Bank 32nd Annual Media, Internet & Telecom Conference on Monday, March 11, 2024. The session will begin at […]

The post 黑料不打烊 to Participate in the Deutsche Bank 32nd Annual Media, Internet & Telecom Conference appeared first on 黑料不打烊.

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黑料不打烊 to Participate in the Deutsche Bank 32nd Annual Media, Internet & Telecom Conference

New York, NY (March 6, 2024) 鈥 黑料不打烊 announced today that Chief Financial Officer Susan Panuccio will participate in the Deutsche Bank 32nd Annual Media, Internet & Telecom Conference on Monday, March 11, 2024. The session will begin at 1:50pm EDT.

To listen to the live webcast, please visit the 黑料不打烊 website at . A replay of the webcast is expected to be available at the same location for a period of time following the conference.

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About 黑料不打烊
黑料不打烊 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, 黑料不打烊 operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: .

Contacts
黑料不打烊 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com

Anthony Rudolf
212-416-3040
arudolf@newscorp.com

黑料不打烊 Corporate Communications
Jim Kennedy
212-416-4064
jkennedy@newscorp.com

The post 黑料不打烊 to Participate in the Deutsche Bank 32nd Annual Media, Internet & Telecom Conference appeared first on 黑料不打烊.

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黑料不打烊 to Participate in the Morgan Stanley Technology, Media & Telecom Conference /2024/02/27/news-corp-to-participate-in-the-morgan-stanley-technology-media-telecom-conference-4/ Tue, 27 Feb 2024 21:15:41 +0000 /?p=110314 黑料不打烊 to Participate in the Morgan Stanley Technology, Media & Telecom Conference New York, NY (February 27, 2024) 鈥 黑料不打烊 announced today that Chief Executive Robert Thomson will participate in the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, 2024. The session will begin at 11:45 AM EST (8:45 AM […]

The post 黑料不打烊 to Participate in the Morgan Stanley Technology, Media & Telecom Conference appeared first on 黑料不打烊.

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黑料不打烊 to Participate in the Morgan Stanley Technology, Media & Telecom Conference

New York, NY (February 27, 2024) 鈥 黑料不打烊 announced today that Chief Executive Robert Thomson will participate in the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, 2024. The session will begin at 11:45 AM EST (8:45 AM PST).

To listen to the live webcast, please visit the 黑料不打烊 website at . A replay of the webcast is expected to be available at the same location for a period of time following the conference.

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About 黑料不打烊

黑料不打烊 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, 黑料不打烊 operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: .

Contacts
黑料不打烊 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com

Anthony Rudolf
212-416-3040
arudolf@newscorp.com

黑料不打烊 Corporate Communications
Jim Kennedy
212-416-4064
jkennedy@newscorp.com

The post 黑料不打烊 to Participate in the Morgan Stanley Technology, Media & Telecom Conference appeared first on 黑料不打烊.

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黑料不打烊 Reports Second Quarter Results for Fiscal 2024 /2024/02/07/news-corp-reports-second-quarter-results-for-fiscal-2024/ Wed, 07 Feb 2024 21:15:40 +0000 /?p=109730 黑料不打烊 Reports Second Quarter Results for Fiscal 2024 Fiscal 2024 Second Quarter Key Financial Highlights NEW YORK, NY 鈥 February 7, 2024 鈥 黑料不打烊oration (鈥満诹喜淮蜢肉 or the 鈥淐ompany鈥) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended December 31, 2023. Commenting on the results, Chief Executive Robert Thomson […]

The post 黑料不打烊 Reports Second Quarter Results for Fiscal 2024 appeared first on 黑料不打烊.

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黑料不打烊 Reports Second Quarter Results for Fiscal 2024

Fiscal 2024 Second Quarter Key Financial Highlights

  • Second quarter revenues were $2.59聽billion, a 3% increase compared to $2.52聽billion in the prior year, driven by growth at the Digital Real Estate Services, Dow Jones and Book Publishing segments
  • Net income in the quarter was $183聽million, compared to net income of $94聽million in the prior year
  • Second quarter Total Segment EBITDA was $473 million, compared to $409 million in the prior year
  • In the quarter, reported EPS were $0.27 as compared to $0.12 in the prior year – Adjusted EPS were $0.26 compared to $0.14 in the prior year
  • Dow Jones achieved its highest quarterly revenues and Segment EBITDA since its acquisition in 2007, driven by strength in professional information business revenues, which rose 13% compared to the prior year
  • REA Group posted record quarterly revenues of $292 million, a 22% increase compared to the prior year, primarily driven by robust Australian residential performance
  • Book Publishing revenues grew 4%, while Segment EBITDA increased 67%, driven by higher digital sales, which benefited from strong audiobooks performance, and improved return rates

NEW YORK, NY 鈥 February 7, 2024 鈥 黑料不打烊oration (鈥満诹喜淮蜢肉 or the 鈥淐ompany鈥) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended December 31, 2023.

Commenting on the results, Chief Executive Robert Thomson said:

鈥満诹喜淮蜢 again saw growth in both revenue and profitability this quarter as we continue to realize the collective benefit of our strategic shift to digital and subscription revenues, and away from sometimes volatile advertising revenues.

Our net income rose to $183 million from $94 million in the same quarter last year and our reported EPS was 27 cents, compared to 12 cents for the same period last year, driven by a 16% surge in Total Segment EBITDA. We had particularly robust results across the three core pillars of our business 鈥 Dow Jones, Book Publishing and Digital Real Estate Services 鈥 and believe there are strong prospects for further growth as difficult macro conditions ease in some of our markets.

We expect to be a core content provider for Generative AI companies, who need the highest quality, timely content to ensure the relevance and accuracy of their products. We patently prefer negotiation to litigation, courtship to courtrooms. But let鈥檚 be clear, in my view those who repurpose without approval are stealing and are undermining the very act of creativity 鈥 counterfeiting is not creating, and the AI world is replete with content counterfeiters.

I also want to draw attention to the plight of our colleague Evan Gershkovich, who continues to be unjustly detained in a Moscow prison, solely for being a highly professional journalist. We hope that justice will prevail and thank all who publicly, and not so publicly, have been working to secure his emancipation.鈥

SECOND QUARTER RESULTS

The Company reported fiscal 2024 second quarter total revenues of $2.59 billion, a 3% increase compared to $2.52 billion in the prior year period, primarily driven by higher Australian residential revenues at REA Group, continued strong growth in the professional information business at the Dow Jones segment, increased digital sales and improved returns due to better sell through of inventory at the Book Publishing segment and a $13 million, or 1%, positive impact from foreign currency fluctuations. The increase was partly offset by lower revenues at Move due to continued challenging housing market conditions in the U.S. and lower advertising revenues at the 黑料不打烊 Media segment. Adjusted Revenues (which excludes the foreign currency impact, acquisitions and divestitures as defined in Note 2) were up 2% compared to the prior year.

Net income for the quarter was $183 million, a 95% increase compared to net income of $94 million in the prior year, driven by higher Total Segment EBITDA, as discussed below, improved equity losses of affiliates and higher Other, net. These impacts were partially offset by higher income tax expense.

The Company reported second quarter Total Segment EBITDA of $473 million, a 16% increase compared to $409 million in the prior year primarily due to higher revenues, as discussed above, lower costs at the Book Publishing segment and gross cost savings related to the announced 5% headcount reduction initiative. The increase was partly offset by higher sports programming rights costs at the Subscription Video Services segment. Adjusted Total Segment EBITDA (as defined in Note 2) increased 14%.

Net income per share attributable to 黑料不打烊oration stockholders was $0.27 as compared to $0.12 in the prior year.

Adjusted EPS (as defined in Note 3) were $0.26 compared to $0.14 in the prior year.

Please click here for the full Earnings Release information.

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About 黑料不打烊
黑料不打烊 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, 黑料不打烊 operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://www.newscorp.com.

Contacts
黑料不打烊 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com

Anthony Rudolf
212-416-3040
arudolf@newscorp.com

黑料不打烊 Corporate Communications
Jim Kennedy
212-416-4064
jkennedy@newscorp.com

The post 黑料不打烊 Reports Second Quarter Results for Fiscal 2024 appeared first on 黑料不打烊.

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黑料不打烊 to Report Fiscal 2024 Second Quarter Earnings /2024/01/23/news-corp-to-report-fiscal-2024-second-quarter-earnings/ Tue, 23 Jan 2024 21:30:31 +0000 /?p=109001 New York, NY (January 23, 2024) 鈥 黑料不打烊 will release its second quarter Fiscal 2024 results on Wednesday, February 7, 2024. 黑料不打烊 Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio will discuss the results via a live audio webcast at 5:00 p.m. EST (Sydney: Thursday, February 8, at 9:00 a.m. AEDT). […]

The post 黑料不打烊 to Report Fiscal 2024 Second Quarter Earnings appeared first on 黑料不打烊.

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New York, NY (January 23, 2024) 鈥 黑料不打烊 will release its second quarter Fiscal 2024 results on Wednesday, February 7, 2024. 黑料不打烊 Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio will discuss the results via a live audio webcast at 5:00 p.m. EST (Sydney: Thursday, February 8, at 9:00 a.m. AEDT).

To listen to the webcast, please register using the following link:

A live audio webcast of the call and the archived webcast will also be available via . A replay will be available shortly after the call鈥檚 conclusion.

The earnings release will be distributed and available on prior to the call.

###

About 黑料不打烊
黑料不打烊 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, 黑料不打烊 operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: .

Contacts
黑料不打烊 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com

Anthony Rudolf
212-416-3040
arudolf@newscorp.com

黑料不打烊 Corporate Communications
Jim Kennedy
212-416-4064
jkennedy@newscorp.com

The post 黑料不打烊 to Report Fiscal 2024 Second Quarter Earnings appeared first on 黑料不打烊.

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Arthur Bochner Named Next 黑料不打烊 Chief Communications Officer /2024/01/11/arthur-bochner-named-next-news-corp-chief-communications-officer/ Thu, 11 Jan 2024 18:00:28 +0000 /?p=108653 Arthur Bochner Named Next 黑料不打烊 Chief Communications Officer New York, NY (January 11, 2024)鈥摵诹喜淮蜢 today announced that veteran communications advisor Arthur Bochner will become Chief Communications Officer and Executive Vice President, following the retirement later this year of Jim Kennedy, who joined the company in 2013. Mr. Bochner will begin at 黑料不打烊 […]

The post Arthur Bochner Named Next 黑料不打烊 Chief Communications Officer appeared first on 黑料不打烊.

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Arthur Bochner Named Next 黑料不打烊 Chief Communications Officer

New York, NY (January 11, 2024)鈥摵诹喜淮蜢 today announced that veteran communications advisor Arthur Bochner will become Chief Communications Officer and Executive Vice President, following the retirement later this year of Jim Kennedy, who joined the company in 2013.

Mr. Bochner will begin at 黑料不打烊 this month, working with Mr. Kennedy and his team during the transition. He spent nearly a decade at The Walt Disney Company, most recently overseeing strategic communications. He also served as Chief of Staff in the Office of the CEO after holding key communications roles at the company鈥檚 consumer products and theme park segments. Prior to Disney, Mr. Bochner held communications positions at Bloomberg, Citigroup, and FD Public Affairs.

鈥淎rthur has vast and valuable experience at the highest levels of business and government, which will enable him to play a vital role in 黑料不打烊鈥檚 continuing growth,鈥 said Robert Thomson, Chief Executive of 黑料不打烊. 鈥淲ith a strategic sensibility, savvy messaging skills, and a collaborative character, Arthur is a worthy successor to our friend and colleague, Jim Kennedy, as he transitions to a well-deserved retirement this year.鈥

鈥満诹喜淮蜢 is home to some of the most iconic brands in media, and I am thrilled to join the company鈥檚 leadership team at this exciting time of transformation,鈥 said Mr. Bochner. 鈥淔ew companies can match the reach and impact of 黑料不打烊, and it is an honor to help tell the company鈥檚 story. Jim has left big shoes to fill, and I am looking forward to collaborating with him during this transition.鈥

Mr. Kennedy鈥檚 decision to retire was announced last October. He was the first Chief Communications Officer for the 鈥渘ew鈥 黑料不打烊, and has given five decades of service as a spokesman and speechwriter in Washington, Hollywood and New York, where he worked for President Bill Clinton and Vice President Al Gore in the White House, and headed communications for Senators Hillary Clinton and Joe Lieberman, the Clinton Foundation, Sony Pictures and Sony Corporation of America.

鈥淛im has been a constant source of sagacity and helped define the epochal issues confronting all media,鈥 said Mr. Thomson. 鈥淗is commitment to protecting and projecting journalism and content creation was crucial as we engaged the digital platforms. 黑料不打烊 is the global leader in the digital debate and Jim has been absolutely crucial in fashioning our successful strategy.鈥

鈥淭his post at 黑料不打烊 marks the longest I have spent in one job in one place, and that has only been possible thanks to the people I work for and with. I deeply appreciate having had the chance to serve Rupert and Lachlan Murdoch and my beneficent boss, Robert Thomson,鈥 said Mr. Kennedy. 鈥淢y small-but-mighty team and I are excited to partner with Arthur in the months ahead, and I know he will do a great job in spreading the news about 黑料不打烊 far and wide.鈥

Mr. Bochner is moving from Los Angeles to New York with his family and will be based at 黑料不打烊鈥檚 headquarters at 1211 Avenue of the Americas.

Mr. Bochner has a BA from The University of Pennsylvania, and is pursuing an MBA at the University of Michigan Stephen M. Ross School of Business. He also co-authored several books, including a business book for children, which led to guest appearances on The Tonight Show with Jay Leno and The Oprah Winfrey Show.

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About 黑料不打烊
黑料不打烊 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, 黑料不打烊 operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: .

Contacts
黑料不打烊 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com

Anthony Rudolf
212-416-3040
arudolf@newscorp.com

黑料不打烊 Corporate Communications
Jim Kennedy
212-416-4064
jkennedy@newscorp.com

The post Arthur Bochner Named Next 黑料不打烊 Chief Communications Officer appeared first on 黑料不打烊.

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黑料不打烊’s Dow Jones to Participate in UBS Global Media and Communications Conference /2023/11/21/news-corps-dow-jones-to-participate-in-ubs-global-media-and-communications-conference/ Tue, 21 Nov 2023 21:15:56 +0000 /?p=106887 New York, NY (November 21, 2023) 鈥 黑料不打烊 announced today that Chief Executive Officer of Dow Jones and Publisher of The Wall Street Journal Almar Latour will participate in the UBS Global Media and Communications Conference on Tuesday, December 5, 2023. The session will begin at 10:30 AM EST (7:30 AM PST). To listen […]

The post 黑料不打烊’s Dow Jones to Participate in UBS Global Media and Communications Conference appeared first on 黑料不打烊.

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New York, NY (November 21, 2023) 鈥 黑料不打烊 announced today that Chief Executive Officer of Dow Jones and Publisher of The Wall Street Journal Almar Latour will participate in the UBS Global Media and Communications Conference on Tuesday, December 5, 2023. The session will begin at 10:30 AM EST (7:30 AM PST).

To listen to the live webcast, please visit the 黑料不打烊 website at . A replay of the webcast is expected to be available at the same location for a period of time following the conference.

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About 黑料不打烊
黑料不打烊 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, 黑料不打烊 operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: .

Contacts
黑料不打烊 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com

Anthony Rudolf
212-416-3040
arudolf@newscorp.com

黑料不打烊 Corporate Communications
Jim Kennedy
212-416-4064
jkennedy@newscorp.com

Dow Jones Corporate Communications
Ashok Sinha
917-656-5800
ashok.sinha@dowjones.com

The post 黑料不打烊’s Dow Jones to Participate in UBS Global Media and Communications Conference appeared first on 黑料不打烊.

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黑料不打烊 Reports First Quarter Results for Fiscal 2024 /2023/11/09/news-corp-reports-first-quarter-results-for-fiscal-2024/ Thu, 09 Nov 2023 21:15:44 +0000 /?p=106562 黑料不打烊 Reports First Quarter Results for Fiscal 2024 Fiscal 2024 First Quarter Key Financial Highlights New York, NY 鈥 November 9, 2023 鈥 黑料不打烊oration (鈥満诹喜淮蜢肉 or the 鈥淐ompany鈥) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended September 30, 2023. Commenting on the results, Chief Executive […]

The post 黑料不打烊 Reports First Quarter Results for Fiscal 2024 appeared first on 黑料不打烊.

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黑料不打烊 Reports First Quarter Results for Fiscal 2024

Fiscal 2024 First Quarter Key Financial Highlights

  • First quarter revenues were $2.50 billion, a 1% increase compared to $2.48 billion in the prior year, driven by growth at the Book Publishing and Dow Jones segments
  • Net income in the quarter was $58 million, compared to net income of $66 million in the prior year
  • First quarter Total Segment EBITDA was $364 million, compared to $350 million in the prior year
  • In the quarter, reported EPS were $0.05 as compared to $0.07 in the prior year – Adjusted EPS were $0.16 compared to $0.12 in the prior year
  • Within the Dow Jones segment, professional information business revenues rose 14% and helped to underpin 10% Segment EBITDA growth and the highest first quarter profit margins since 黑料不打烊鈥檚 acquisition in 2007
  • REA Group posted strong revenue growth driven by the residential business, which benefited from a double digit yield increase and improving listing volumes in Australia
  • Book Publishing revenues grew 8%, while Segment EBITDA increased 67%, driven by higher book sales combined with improved returns

New York, NY 鈥 November 9, 2023 鈥 黑料不打烊oration (鈥満诹喜淮蜢肉 or the 鈥淐ompany鈥) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended September 30, 2023.

Commenting on the results, Chief Executive Robert Thomson said:

鈥淲e had a sterling start to the new Fiscal Year, with rising revenues and increased profitability despite difficult economic conditions in some of our markets. Our first quarter revenues were slightly higher at $2.5 billion, while our profitability rose 4 percent, marking the second consecutive quarter of profit growth.

Our positive performance in the quarter follows the three most profitable years since the creation of the new 黑料不打烊. In our view, these results certainly highlight the disparity between the value of our company and our share price, which we believe does not reflect our present profitability, yet alone the potential of our incomparable, growing businesses.

The quarter particularly highlighted the prowess of Dow Jones, led by its professional information business, where revenues surged 14 percent, driven by Risk & Compliance and Dow Jones Energy. Book Publishing reported a 67 percent increase in profitability, with the logistical issues at Amazon resolved, and both the frontlist and backlist performing.

We are actively working to make the most of our premium content for AI and are engaged in advanced discussions that we expect to bring significant revenue to the company in return for the authorized use of our peerless content. Our quest is to maximize value for all investors, so we are assiduously reviewing our structure.鈥

First Quarter Results

The Company reported fiscal 2024 first quarter total revenues of $2.50 billion, a 1% increase compared to $2.48 billion in the prior year period, primarily driven by increased physical book sales and improved returns at the Book Publishing segment resulting from the absence of Amazon鈥檚 reset in the prior year and higher revenues at the Dow Jones segment due to robust growth in its professional information business. The increase was partly offset by lower revenues at the Digital Real Estate Services segment due to continued challenging housing market conditions in the U.S., a $14 million negative impact from foreign currency fluctuations and lower advertising revenues at the 黑料不打烊 Media segment. Adjusted Revenues (which excludes the foreign currency impact, acquisitions and divestitures as defined in Note 2) were up 1% compared to the prior year.

Net income for the quarter was $58 million, a 12% decrease compared to net income of $66 million in the prior year, impacted by non-cash impairment charges of $21 million at the 黑料不打烊 Media segment related to the write- down of fixed assets associated with the proposed combination of certain U.K. printing operations with those of a third party, and lower Other, net. These impacts were partially offset by higher Total Segment EBITDA, as discussed below.

The Company reported first quarter Total Segment EBITDA of $364 million, a 4% increase compared to $350 million in the prior year primarily due to higher revenues, as discussed above, and gross cost savings related to the announced 5% headcount reduction initiative. The increase was partly offset by higher sports programming rights costs at the Subscription Video Services segment, higher technology and employee costs at the Dow Jones segment and higher employee costs at the Book Publishing segment. Adjusted Total Segment EBITDA (as defined in Note 2) increased 5%.

Net income per share attributable to 黑料不打烊oration stockholders was $0.05 as compared to $0.07 in the prior year.

Adjusted EPS (as defined in Note 3) were $0.16 compared to $0.12 in the prior year.

Please click here for the full Earnings Release information.

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About 黑料不打烊
黑料不打烊 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, 黑料不打烊 operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://www.newscorp.com.

Contacts
黑料不打烊 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com

Anthony Rudolf
212-416-3040
arudolf@newscorp.com

黑料不打烊 Corporate Communications
Jim Kennedy
212-416-4064
jkennedy@newscorp.com

The post 黑料不打烊 Reports First Quarter Results for Fiscal 2024 appeared first on 黑料不打烊.

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黑料不打烊 to Report Fiscal 2024 First Quarter Earnings /2023/10/27/news-corp-to-report-fiscal-2024-first-quarter-earnings/ Fri, 27 Oct 2023 13:00:41 +0000 /?p=106116 New York, NY (October 27, 2023) 鈥 黑料不打烊 will release its first quarter Fiscal 2024 results on Thursday, November 9, 2023. 黑料不打烊 Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio will discuss the results via a live audio webcast at 5:00 p.m. EST (Sydney: Friday, November 10, at 9:00 a.m. AEDT). […]

The post 黑料不打烊 to Report Fiscal 2024 First Quarter Earnings appeared first on 黑料不打烊.

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New York, NY (October 27, 2023) 鈥 黑料不打烊 will release its first quarter Fiscal 2024 results on Thursday, November 9, 2023. 黑料不打烊 Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio will discuss the results via a live audio webcast at 5:00 p.m. EST (Sydney: Friday, November 10, at 9:00 a.m. AEDT).

To listen to the webcast, please register using the following link:

A live audio webcast of the call and the archived webcast will also be available via . A replay will be available shortly after the call鈥檚 conclusion.

The earnings release will be distributed and available on prior to the call.

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About 黑料不打烊
黑料不打烊 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, 黑料不打烊 operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: .

Contacts
黑料不打烊 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com

Anthony Rudolf
212-416-3040
arudolf@newscorp.com

黑料不打烊 Corporate Communications
Jim Kennedy
212-416-4064
jkennedy@newscorp.com

The post 黑料不打烊 to Report Fiscal 2024 First Quarter Earnings appeared first on 黑料不打烊.

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