News Corp reported 3% revenue growth for the quarter that ended in March, fueled by encouraging foreign-exchange fluctuations including solid growth at the company’s digital real estate, book publishing and Dow Jones units. The New York-based media company, whose holdings include the Wall Street Journal and HarperCollins Publishers, flourished towards a profit of $79 million, or 13 cents a share, compared with a loss of $730 million, or $1.24 per share, in the year-earlier quarter, when the company took a large non cash impairment cost.News Corp’s total revenue climbed to $2.34 billion in the quarter, up from $2.27 billion a year earlier. Growth was partially offset by weakness in print advertising and the loss of contributions from the coupon-publishing unit the company sold last year. The company posted an increase of 23% in earnings before interest, depreciation, taxes and amortization, reflecting improved profitability at a few units.
News Corp Revenue Climbs on Real Estate and Publishing Growth
Published by
November 28, 2024
(GMT+2)
WHAT TO READ NEXT
No items found.
STOCK ANALYSIS
MARKET OVERVIEW
SIMILAR NEWS
Ready to get started?
Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.
All investments involve risks, including the possible loss of capital.
www.mexem.com is a website owned and operated by MEXEM Ltd. MEXEM Ltd is a European broker regulated by CySEC, license No. 325/17.
Read our Forms & Disclosures.
Any advertisement or communication concerning the distribution of derivatives falling within the scope of the Regulation of the FSMA of 26 May 2016 governing the distribution of certain derivative financial instruments to retail clients is not addressed to the Belgian public.