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News Corp Revenue Soars Amid Segment Growth

Wall Street Journal US Business •
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News Corp reported a significant increase in revenue for its fiscal fourth quarter, with an 11% jump to $2.34 billion, surpassing analyst expectations. This growth was fueled by strong performance across all its major segments, including Dow Jones, Harper Collins Publishers, and its digital real-estate services. Digital-only subscriptions for The Wall Street Journal alone averaged nearly 4.5 million during the quarter, highlighting the company's successful digital transformation.

Segment earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a substantial rise of 31%, reaching $423 million. Net income from continuing operations more than doubled, demonstrating robust profitability. Despite the positive financial results, News Corp's shares experienced a slight dip of over 3% in after-hours trading.

The company's diversified portfolio continues to show resilience and expansion, with each division contributing to the overall revenue increase. This sustained growth across its various businesses underscores News Corp's strategic focus on digital platforms and content delivery, positioning it for continued success in the evolving media landscape.