News Corp Q4 2022 Earnings Report
Key Takeaways
News Corp reported a 7% increase in revenue to $2.67 billion and a net income of $127 million for Q4 2022, a substantial improvement from a net loss of $(15) million in the prior year. The growth was driven by strength in all revenue lines, including the impact of recent acquisitions and an additional week in the quarter.
Fourth quarter revenues increased by 7% to $2.67 billion, driven by growth in all revenue lines and recent acquisitions.
Net income for the quarter was $127 million, a significant improvement from a net loss of $(15) million in the prior year.
Total Segment EBITDA increased by 50% to $315 million, primarily due to higher revenues and lower costs in the Other segment.
Adjusted EPS were $0.37 compared to $0.16 in the prior year.
News Corp
News Corp
News Corp Revenue by Segment
Forward Guidance
News Corp did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income