Revenue and Profitability Increase
Revenues grew 5% to $2.24 billion, and profitability rose 20% to $478 million. Net income from continuing operations increased by 58% to $306 million.
Digital Real Estate Segment Performance
Digital real estate revenue increased by 13% to $473 million, with segment EBITDA margin up 26% to $185 million.
Dow Jones Growth
Dow Jones revenue grew 3% to $600 million, with segment EBITDA expanding 7% and margins rising by 110 basis points.
Foxtel Sale Agreement
A significant step towards simplification with the agreement to sell Foxtel to DAZN for AUD 3.4 billion, expected to close in the second half of the fiscal year.
Credit Rating Upgrade
S&P Global and Moody's upgraded News Corp's credit rating to investment grade.
Book Publishing Success
Book Publishing reported revenue growth of 8% to $595 million, and segment EBITDA surged 19% to $101 million.
Partnerships and Legal Actions
News Corp's partnership with OpenAI is progressing well, and legal action against Perplexity is underway to protect intellectual property.