Loading...
•
Dec 31, 2023
News Corp Q2 2024 Earnings Report
News Corp's Q2 2024 financial performance was marked by revenue growth and increased profitability, driven by strategic shift to digital and subscription revenues.
Key Takeaways
News Corp reported a 3% increase in revenue to $2.59 billion, driven by growth in Digital Real Estate Services, Dow Jones, and Book Publishing. Net income rose to $183 million, with EPS at $0.27 and adjusted EPS at $0.26. Total Segment EBITDA increased by 16% to $473 million.
Second quarter revenues increased by 3% to $2.59 billion, driven by growth in digital real estate, Dow Jones, and book publishing segments.
Net income for the quarter was $183 million, a 95% increase compared to the prior year.
Total Segment EBITDA increased by 16% to $473 million, driven by higher revenues and cost savings.
Dow Jones achieved its highest quarterly revenues and Segment EBITDA since 2007, fueled by its professional information business.
Revenue by Segment
Forward Guidance
The document contains forward-looking statements regarding trends, uncertainties, business performance, strategy, cost savings initiatives, and litigation outcomes. Actual results may differ due to risks and uncertainties detailed in the company's SEC filings.
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...