News Corp Q4 2024 Earnings Report
Key Takeaways
News Corp reported a 6% increase in fourth-quarter revenues to $2.58 billion, driven by strong performance in Digital Real Estate Services, Book Publishing, and Dow Jones segments. Net income improved to $71 million from a net loss of $(32) million in the prior year. Total Segment EBITDA reached $380 million, the highest for a fourth quarter since separation, with adjusted EPS at $0.17 compared to $0.14 in the prior year.
Fourth-quarter revenues increased by 6% to $2.58 billion, driven by growth in Digital Real Estate Services, Book Publishing, and Dow Jones.
Net income for the quarter was $71 million, a significant improvement from the prior year's net loss of $(32) million.
Total Segment EBITDA was the highest for a fourth quarter since separation, reaching $380 million.
Adjusted EPS for the quarter were $0.17, compared to $0.14 in the prior year.
News Corp
News Corp
News Corp Revenue by Segment
Forward Guidance
News Corp's outlook includes both positive and negative factors influencing its future performance.
Positive Outlook
- Landmark agreement with OpenAI expected to be lucrative.
- Focus on maximizing returns for shareholders.
- Core pillars of growth - Book Publishing, Digital Real Estate Services and Dow Jones - show increasing profitability.
- Confident in the Company’s long-term prospects.
- Evaluating options for the Foxtel Group business.
Challenges Ahead
- Legal steps against AI aggressors confiscating content.
- Lower advertising and circulation and subscription revenues at the News Media segment.
- Hubbl launch costs impacting Subscription Video Services segment.
- Challenging housing market conditions in the U.S. affecting Move.
- Foreign currency fluctuations negatively impacting revenues.
Revenue & Expenses
Visualization of income flow from segment revenue to net income