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Mar 31, 2022
News Corp Q3 2022 Earnings Report
News Corp's revenues and profitability reached record levels for the third quarter, driven by digital growth and strategic acquisitions.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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