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News Corp Surges to Record Profitability with $2.2 B Revenue

Wall Street Journal US Business •
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News Corp lifted its fiscal third‑quarter revenue by 9%, reaching almost $2.2 billion, surpassing analyst forecasts. The uptick stems from sustained gains across its Dow Jones, HarperCollins and digital real‑estate‑services arms. This pulse on the media‑investment mix signals a healthy core business amid a competitive landscape.

Segment earnings before interest, taxes, depreciation and amortization climbed 18% to $343 million, while net income from continuing operations rose 13% to $121 million. Growth is anchored by heightened subscription fees at Dow Jones and expanded property‑tech offerings, reinforcing News Corp’s diversified revenue streams and cushioning against advertising volatility.

Chief Executive Robert Thomson said the company remains on track for another year of record profitability. Investors view the steady performance as a vote of confidence in News Corp’s strategic bets. The company’s trajectory underscores its resilience and positions it to capture further upside in a shifting media economy.

With advertising revenues stabilizing and digital real‑estate services expanding, News Corp’s diversified portfolio buffers against sector swings. The company’s ability to generate robust EBITDA and net income signals strong cash‑flow prospects, appealing to shareholders seeking steady returns in an era of media consolidation.