The company said revenue rose $78 million (3%) for the 3 months ended September 30, 2024, and net income reached $144 million, up $86 million (148%) from $58 million in the year-earlier period.

1. 01

   The company said revenue rose $78 million (3%) for the 3 months ended September 30, 2024, and net income reached $144 million, up $86 million (148%) from $58 million in the year-earlier period.

2. 02

   News Corp said that in the same quarter, revenue at the Digital Real Estate Services segment rose $54 million (13%) and revenue at the Book Publishing segment rose $21 million (4%). It said Segment EBITDA increased $18 million (15%) and $16 million (25%), respectively.

3. 03

   The company said net cash provided by operating activities improved $119 million from the year-earlier quarter in the same period, and free cash flow was $(31) million, compared with $(179) million in the year-earlier period.

4. 04

   The company said that as of September 30, 2024, it had cash and cash equivalents of $1.8 billion and total borrowings, including the current portion, of $2.9 billion. It also said that about $422 million remained under its share repurchase program authorization.

Key figures

Quarter ended September 30, 2024

Revenue

$2.6B

Net income

$119M

EPS

$0.21

Operating cash flow

$64M

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.