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Sep 30, 2022
News Corp Q1 2023 Earnings Report
News Corp's Q1 2023 financial performance reflected resilience amidst a volatile macro environment, with adjusted revenues up 3% despite a reported 1% decrease due to currency fluctuations and strategic investments.
Key Takeaways
News Corp reported Q1 2023 revenues of $2.48 billion, a 1% decrease compared to the prior year, but adjusted revenues increased by 3%. Net income was $66 million, a 75% decrease, and total segment EBITDA was $350 million, a 15% decrease. Dow Jones segment revenues and EBITDA grew by 16% and 19%, respectively.
Reported revenues decreased by 1% to $2.48 billion, but adjusted revenues increased by 3% when excluding currency fluctuations and acquisitions.
Net income significantly decreased to $66 million, a 75% drop compared to the previous year's $267 million.
Total Segment EBITDA fell by 15% to $350 million, impacted by increased costs and currency fluctuations.
Dow Jones segment showed strong growth, with revenues up 16% and Segment EBITDA up 19%.
Revenue by Segment
Forward Guidance
This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
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
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