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News Corp
🇺🇸 NASDAQ:NWSA
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Sep 30, 2021

News Corp Q1 2022 Earnings Report

News Corp's first quarter of fiscal year 2022 was the most profitable since the re-launch of News Corp in 2013, with revenue growth across key segments and increased profitability.

Key Takeaways

News Corp reported a strong first quarter for fiscal year 2022, with revenues up 18% to $2.50 billion and net income significantly increased to $267 million. The company saw robust growth across its Digital Real Estate Services, Dow Jones, Book Publishing, and News Media segments, driven by digital expansion, acquisitions, and advertising market recovery. A $1 billion stock repurchase program was also announced.

Revenues increased by 18% to $2.50 billion, driven by growth across key segments.

Net income rose to $267 million, a significant increase from $47 million in the prior year.

Total Segment EBITDA increased by 53% to $410 million.

Digital Real Estate Services segment revenues grew by 47%, fueled by strong performance at REA Group and Move.

Total Revenue
$2.5B
Previous year: $2.12B
+18.2%
EPS
$0.23
Previous year: $0.08
+187.5%
Total Dow Jones Subscriptions
4.6M
Previous year: 3.9M
+17.9%
Gross Profit
$1.09B
Previous year: $953M
+14.7%
Cash and Equivalents
$2.1B
Previous year: $1.54B
+36.5%
Free Cash Flow
-$33M
Previous year: $62M
-153.2%
Total Assets
$16.4B
Previous year: $14.4B
+14.0%

News Corp

News Corp

News Corp Revenue by Segment

Forward Guidance

News Corp is confident in its ability to generate cash for investors and potential for continued growth.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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