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News Corp revenues rise with business 'vigorously pursuing digitisation', Foxtel revenue drops


May 7, 2021 10:31
News Corporation’s financial results for the quarter ending March saw the global company post revenues of US$2.34 billion, a 3% increase year-on-year.
Meanwhile, net income was US$96 million, compared to a net loss of US$1 billion the prior year, and Total Segment EBITDA rose from US$242 million to US$298 million.
The results saw chief executive Robert Thomson declare that “the financial year is on trajectory to be the most profitable since our reincarnation in 2013.
“This highlights the transformed character of the company, with improved revenue performance and a 23% increase in profitability in the third quarter.
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“The results vindicate the strategy of simplifying the asset mix, vigorously pursuing digitisation, slimming the cost base, and investing in three growth areas digital real estate services, Dow Jones and book publishing.” ....

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News Corp (NWSA) Q3 2021 Earnings Call Transcript


Operator
Good day, and welcome to the News Corp Third Quarter Fiscal 2021 Conference Call. [Operator Instructions] At this time, I would like to turn the conference over to Mike Florin, Senior Vice President and Head of Investor Relations. Please go ahead.
Michael Florin
Senior Vice President & Head of Investor Relations
Thank you very much, Todd. Hello, everyone, and welcome to News Corp s Fiscal Third Quarter 2021 Earnings Call. We issued our earnings press release about 30 minutes ago. It s now posted on our website at newscorp.com. On the call today are Robert Thomson, Chief Executive; and Susan Panuccio, Chief Financial Officer. We ll open with some prepared remarks, and then we ll be happy to take questions from the investment community. This call may include certain forward-looking information with respect to News Corp s business and strategy. Actual results could differ materially from what is said. News Corp s Form 10-K and Form 10-Q filings identify ri ....

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Move Inc. Bounces Back With Q3 Earnings, Reports 37% Revenue Growth


Inman Connect
Following a tough 2020 performance, News Corp. (NYSE: NWS, NWSA), the media conglomerate behind book publishing assets and newspapers including 
The Wall Street Journal, has bounced back thanks to stellar revenue growth in its digital real estate services division, which includes realtor.com and Australia-based REA Group.
Digital real estate services revenue increased 34 percent year over year to $351 million, according to the company’s third-quarter earnings results, which ended March 31. The total segment EBITDA increased 58 percent from $73 million in Q3 2020 to $117 million in Q3 2021.
News Corp. Chief Executive Officer Robert Thomson credited realtor.com parent company, Move. Inc., with the rebound, which he said placed the company on “a trajectory to be the most profitable since our reincarnation in 2013.” ....

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News Corp. Q3 Results Beats Street View


News Corp. Q3 Results Beats Street View
WASHINGTON (dpa-AFX) - News Corp. (NWS, NWSA) Thursday reported a profit for the third quarter that trumped Wall Street analysts estimates, driven by revenue growth.
Third-quarter net income was $79 million or $0.13 per share, compared to net loss of $730 million or $1.24 per share last year. Last year s results were impacted by a hefty $1.1 billion of non-cash impairment charges.
Excluding one-time items, adjusted earnings for the quarter rose to $0.09 per share compared to $0.03 per share last year. On average, 6 analysts polled by Thomson Reuters expected earnings of $0.05 per share for the quarter. Analysts estimates typically exclude one-time items. ....

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