News Corp revenues rise with business ‘vigorously pursuing digitisation’, Foxtel revenue drops

Zanda Wilson

May 7, 2021 10:31

News Corporation’s financial results for the quarter ending March saw the global company post revenues of US$2.34 billion, a 3% increase year-on-year.

Meanwhile, net income was US$96 million, compared to a net loss of US$1 billion the prior year, and Total Segment EBITDA rose from US$242 million to US$298 million.

The results saw chief executive Robert Thomson declare that “the financial year is on trajectory to be the most profitable since our reincarnation in 2013.

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Zanda Wilson

Zanda Wilson was a reporter and podcast producer at Mumbrella, specialising in radio reporting. He left Mumbrella in September 2021.