Loading...
•
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...