Mar 31

News Corp Q3 2025 Earnings Report

Reported financial results for the three months ended March 31, 2025

Key Takeaways

News Corporation reported a 1% increase in revenues to $2.01 billion in the third quarter of fiscal 2025, compared to the prior year. Net income from continuing operations saw a significant 67% increase to $107 million, and Adjusted EPS rose to $0.17. The growth was primarily driven by strong performance in Dow Jones, Digital Real Estate Services, and Book Publishing.

Third quarter revenues increased 1% to $2.01 billion.

Net income from continuing operations rose 67% to $107 million.

Adjusted EPS increased to $0.17 from $0.13 in the prior year.

Dow Jones, Digital Real Estate Services, and Book Publishing segments were key drivers of revenue growth.

Total Revenue
$2.01B
Previous year: $2.42B
-17.1%
EPS
$0.17
Previous year: $0.11
+54.5%
Total Consumer Digital-Only Subs
5.54M
Previous year: 5.07M
+9.4%
Total Consumer Subscriptions
6.1M
Previous year: 5.72M
+6.6%
WSJ Digital-Only Subscriptions
3.91M
Previous year: 3.72M
+5.3%
Gross Profit
$991M
Previous year: $993M
-0.2%
Cash and Equivalents
$2.1B
Previous year: $1.94B
+7.8%
Free Cash Flow
$485M
Previous year: $422M
+14.9%
Total Assets
$16.6B
Previous year: $16.5B
+0.2%

News Corp

News Corp

News Corp Revenue by Segment

Forward Guidance

The report does not contain specific forward-looking guidance regarding future financial performance metrics like revenue or EPS for the next quarter or fiscal year. It mentions expectations of increased return on invested capital and accretive to earnings per share from the Foxtel sale.

Positive Outlook

  • Sale of Foxtel Group completed, strengthening the balance sheet.
  • Expected increase in return on invested capital due to Foxtel sale.
  • Expected accretion to earnings per share due to Foxtel sale.
  • Continued investment in the Professional Information Business at Dow Jones.
  • Acquisition of Oxford Analytica and Dragonfly Intelligence completed.

Challenges Ahead

  • Blustery currency headwinds are impacting results.
  • Obvious macro uncertainty persists.
  • Lower Factiva revenues due to an ongoing customer dispute.
  • Ongoing impact of the macroeconomic environment on the housing market affecting Move.
  • Lower lead and transaction volumes at Move due to high mortgage rates and affordability issues.

Revenue & Expenses

Visualization of income flow from segment revenue to net income