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News Corp said in its annual meeting remarks that full-year Total Segment EBITDA rose 8% to $1.54 billion, total revenues rose 2% to $10.09 billion, and net income rose 89% to $354 million.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. News Corp said in its annual meeting remarks that full-year Total Segment EBITDA rose 8% to $1.54 billion, total revenues rose 2% to $10.09 billion, and net income rose 89% to $354 million.

  2. The company said that fiscal Dow Jones profitability exceeded 50% for the first time in the year driven by its B2B business. B2B The company said revenue has grown at a compound annual rate of 17% over the past 4 years, and the Dow Jones margin has widened from 15% to 24%.

  3. The company said this year it entered into a global partnership with OpenAI to make News Corp content available to new audiences. The Chief Executive said the agreement is expected to be lucrative and that the company is also working with other AI-related companies.

  4. The company said Chief Financial Officer Susan Panuccio will leave her role at the end of the year, after serving nearly 8 years as global CFO. It said Lavanya Chandrashekar will join as the new CFO in January.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Full-Year Total Segment EBITDA, Revenue and Net Income

News Corp said in its annual meeting remarks that full-year Total Segment EBITDA rose 8% to $1.54 billion, total revenues rose 2% to $10.09 billion, and net income rose 89% to $354 million.

Source · Based on the filing body and exhibits

Dow Jones B2B Share of Profit and Margin

The company said that fiscal Dow Jones profitability exceeded 50% for the first time in the year driven by its B2B business. B2B The company said revenue has grown at a compound annual rate of 17% over the past 4 years, and the Dow Jones margin has widened from 15% to 24%.

Source · Based on the filing body and exhibits

OpenAI Global Partnership

The company said this year it entered into a global partnership with OpenAI to make News Corp content available to new audiences. The Chief Executive said the agreement is expected to be lucrative and that the company is also working with other AI-related companies.

Source · Based on the filing body and exhibits

Chief Financial Officer Transition

The company said Chief Financial Officer Susan Panuccio will leave her role at the end of the year, after serving nearly 8 years as global CFO. It said Lavanya Chandrashekar will join as the new CFO in January.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.