---
schema_version: "secwatch.filing_event.v1"
accession: "0001564708-22-000396"
form_type: "8-K"
ticker: "NWSA"
cik: "0001564708"
company_name: "NEWS CORP"
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T03:34:59.278645+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564708-22-000396
- form_type: 8-K
- ticker: NWSA
- cik: 0001564708
- company_name: NEWS CORP
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564708/000156470822000396/0001564708-22-000396-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564708/000156470822000396/nws-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564708-22-000396
- JSON: https://secwatch.observer/filing/0001564708-22-000396.json
- Plain text: https://secwatch.observer/filing/0001564708-22-000396.txt

## Key facts
- Earnings Releases
  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
  source text: --- 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564708/000156470822000396/0001564708-22-000396-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.