News Corp Q3 2022 Earnings Report
Key Takeaways
News Corp reported a strong third quarter for fiscal year 2022, with record revenues of $2.49 billion, a 7% increase year-over-year. Net income rose by 8% to $104 million, and Adjusted EPS were $0.16 compared to $0.09 in the prior year. The company's growth was fueled by digital advertising, digital subscriptions, and strategic acquisitions.
Revenues increased by 7% to $2.49 billion, a record for the third quarter.
Net income increased by 8% to $104 million.
Total Segment EBITDA increased by 20% to $358 million.
Adjusted EPS were $0.16 compared to $0.09 in the prior year.
News Corp
News Corp
News Corp Revenue by Segment
Forward Guidance
The company expects to incur at least $20 million of incremental costs in the fourth quarter of fiscal 2022 relating to product investments across the News Media segment, including TalkTV.
Challenges Ahead
- Expects to incur at least $20 million of incremental costs in the fourth quarter of fiscal 2022 related to product investments across the News Media segment, including TalkTV.
Revenue & Expenses
Visualization of income flow from segment revenue to net income