The company said revenue for the 3 months ended December 31, 2023 rose $65 million (3%), and revenue for the 6 months rose $86 million (2%). Net income was $183 million for the 3 months and $241 million for the 6 months.

1. 01

   The company said revenue for the 3 months ended December 31, 2023 rose $65 million (3%), and revenue for the 6 months rose $86 million (2%). Net income was $183 million for the 3 months and $241 million for the 6 months.

2. 02

   News Corp cited higher Australian residential revenue at REA Group in the Digital Real Estate Services segment as a driver of revenue growth for the 3 months. For the 6 months, it first cited higher digital and print book sales at Book Publishing.

3. 03

   The company said operating expenses for the 3 and 6 months each decreased $13 million (1%). It said restructuring charges were $10 million for the 3 months and $27 million for the 6 months.

4. 04

   The company said cash and cash equivalents were $1.7 billion as of December 31, 2023. It said free cash flow for the 6 months was $69 million ($(56) million in the prior-year period), and free cash flow attributable to News Corp stockholders was $(21) million.

Key figures

Quarter ended December 31, 2023

Revenue

$2.6B

Net income

$156M

EPS

$0.27

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.