News Corp said its fiscal 2024 Q3 revenue fell to $2.42 billion from $2.45 billion a year earlier, a 1% decline, and that net income declined to $42 million from $59 million in the prior year. Earnings per share were $0.05 (prior year: $0.09). The quarter ended March 31, covering 3 months.

1. 01

   News Corp said its fiscal 2024 Q3 revenue fell to $2.42 billion from $2.45 billion a year earlier, a 1% decline, and that net income declined to $42 million from $59 million in the prior year. Earnings per share were $0.05 (prior year: $0.09). The quarter ended March 31, covering 3 months.

2. 02

   The company said Total Segment EBITDA for Q3 rose 1% to $322 million from $320 million a year earlier. It cited contributions from REA Group and the Dow Jones segment and lower costs at the Book Publishing segment as factors. Adjusted EPS was $0.11 (prior year: $0.09).

3. 03

   The company said digital-only subscriptions to Dow Jones consumer products rose 17% in Q3, surpassing 5 million, and that revenue from its professional information business grew 10%. Quarterly revenue at REA Group was $256 million, up 15%.

4. 04

   The company said net cash provided by operating activities for the 9 months ended March 31 was $844 million, compared with $670 million a year earlier, an increase of $174 million. Free cash flow was $491 million, and free cash flow available to News Corporation was $378 million.

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Original filing

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