News Corp Q1 net income down 75% to $66M; Dow Jones shines with 19% EBITDA growth

NEWS CORP

2023-Q1 EPS reported $0.07 revenue$2,478,000,000

Revenue $2.48B (-1% YoY); adjusted rev +3%. Net income $66M ($0.07 EPS) vs $267M ($0.33 EPS).
Total Segment EBITDA $350M (-15% YoY); adjusted EPS $0.12 vs $0.23.
Dow Jones segment revenue +16% to $515M, Segment EBITDA +19% to $113M; WSJ digital subs +13%.
Book Publishing revenue -11% to $487M due to Amazon inventory reset; Segment EBITDA -54% to $39M.
Free cash flow -$135M vs -$33M; net cash used in operations -$31M vs +$68M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NEWS CORP reported the quarter ended September 30, 2022 results: revenue $2.48 billion, net income $66 million, EPS $0.07.

Period: the quarter ended September 30, 2022
Revenue: $2.48 billion
Net income: $66 million
EPS: $0.07
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- NEWS CORPORATION REPORTS FIRST QUARTER RESULTS FOR FISCAL 2023 FISCAL 2023 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS • Revenues in the quarter were $2.48 billion, a 1% decrease compared to $2.50 billion in the prior year, driven by a $153 million, or 6%, negative impact from foreign currency fluctuations and lower Book Publishing segment

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Source: SEC EDGAR

accession 0001564708-22-000396

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