AUS
NZ
UK
CA
USA
IND
Highlights
- News Corporation's revenue up by 3% in Q1, reaching $2.58 billion.
- Digital Real Estate Services and Book Publishing segments drive substantial growth.
- Net income soars by 148%, with Dow Jones seeing steady gains.
In a solid start to fiscal 2025, News Corporation (Nasdaq:NWS) posted strong first-quarter financial results that highlighted its strategic growth in Digital Real Estate Services, Book Publishing, and Dow Jones segments. Total revenues rose by 3%, reaching $2.58 billion, up from $2.50 billion a year earlier, surpassing market expectations. The impressive performance across key sectors has set a positive tone for the fiscal year.
A substantial jump in net income was a standout in News Corp’s quarterly report, reaching $144 million—up from $58 million the previous year, marking an increase of 148%. This growth translated to an earnings per share (EPS) of $0.21, compared to $0.05 in the same quarter last year, with adjusted EPS moving up to $0.21 from $0.16. Total Segment EBITDA, which serves as a key profitability indicator, hit a first-quarter record of $415 million, reflecting a 14% increase from the $364 million reported last year. This strong result was largely driven by the success of REA Group and robust digital book sales.
REA Group (ASX:REA), in which News Corp holds an approximate 61% stake, led the gains in the Digital Real Estate Services segment, reporting a 22% increase in revenue. This significant growth pushed total revenue in this segment up by 13% to $457 million. The demand for digital property solutions in Australia has been a driving force behind REA Group’s impressive performance, adding valuable income to News Corp’s overall results.
Dow Jones, another key segment for News Corp, showed stable growth with a 3% revenue increase, backed by an 8% rise in professional information services. This segment’s consistent performance underscores the growing demand for reliable information and professional services, with Dow Jones positioned as a market leader in these areas.
CEO Robert Thomson attributed the results to News Corp's resilience and the company's decade-long strategic transformation. He noted that despite the complex economic landscape, the corporation's focus on diversifying its digital and media portfolios has bolstered its growth trajectory.
These strong first-quarter numbers demonstrate News Corporation’s commitment to innovation and adaptability, reinforcing its position in a competitive media and digital information landscape.
