News Corp continues its run of ‘profitable quarters’ in Q1 FY2022

November 5, 2021 10:15

US and ASX-listed News Corporation (News Corp) has reported a jump in revenues to US$2.50 billion, an 18% increase compared to $2.12 billion in the prior year, and a net income of US$267 million, up from US$47 million in the prior year, for the three months ended 30 September 2021.

The stellar results for the media company follow a string of profitable quarters.

Chief executive Robert Thomson said: “I am pleased to report that the first quarter of Fiscal 2022 was the most profitable of its kind since the re-launch of News Corp in 2013, building on the trends evident in the last financial year.

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.

Topics

News Corp News Corporation Australia

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News Corp continues its run of ‘profitable quarters’ in Q1 FY2022

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