None
EN
News Corp Profit Soars 167% As ‘Digital-First’ Strategy Delivers Record Quarter
['Melania Watson']
B&TB&T
For the three months ended 30 June, News Corp reported revenue of US$2.3 billion, up 11 per cent year-on-year, while total segment EBITDA climbed 31 per cent to US$423 million.
“These results mean that we have posted twelve consecutive quarters of year-on-year revenue growth and thirteen consecutive quarters of year-on-year Total Segment EBITDA growth,” Thomson said.
News Corp highlighted three major growth engines — Dow Jones, Digital Real Estate Services and Book Publishing — as key drivers behind the record result.
Dow Jones revenue increased 7 per cent to $644 million, with EBITDA up 20 per cent to $181 million.
The business continued to benefit from subscription growth, with total subscriptions increasing 7 per cent year-on-year to more than 6.7 million.