"Performance" News Group's quarterly profit and revenue exceeded expectations, with stock price rising 3% after hours

AASTOCKS
2025.05.09 03:32

News Corporation (NWSA.US) announced its third fiscal quarter results for the period ending March. The quarterly net profit was USD 103 million, a year-on-year increase of 2.4 times. The diluted earnings per share for the quarter were 18 cents, adjusted to 17 cents, exceeding market expectations of 14 cents. Quarterly revenue increased by 1% year-on-year to USD 2.009 billion, with market expectations at USD 2 billion.

Among them, Dow Jones business revenue increased by 6% year-on-year to USD 575 million, real estate services revenue increased by 5% year-on-year to USD 406 million, and publishing business revenue increased by 2% year-on-year. However, news media revenue decreased by 8% year-on-year to USD 514 million.

News Corporation's stock price rose by 2.8% in after-hours trading, closing at USD 29.29

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