‘The three pillars of growth: digital real estate, Dow Jones, and book publishing’: News Corp reports ‘fruitful’ Q2 FY25
News Corp has reported “fruitful” Q2 FY25 total revenues, up 5% from the same period last year, excluding Foxtel.
Primarily driven by REA Group’s success in H1 FY25, higher book sales in its book publishing division, and better Dow Jones revenues, revenues on a continuing operations basis, excluding Foxtel — which News Corp agreed to sell to UK-based sports streaming platform DAZN over the Christmas break — grew to $2.24 billion.
Net income from continuing operations rose 58% to $206 million, while total segment EBITDA rose 20% to $478 million.