---
schema_version: "secwatch.filing_event.v1"
accession: "0001564708-23-000011"
form_type: "8-K"
ticker: "NWSA"
cik: "0001564708"
company_name: "NEWS CORP"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T20:16:21.125747+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# News Corp Q2 revenue falls 7% to $2.52B, net income $94M; 1,250 job cuts planned

## Summary
- Revenue $2.52B, down 7% YoY; net income $94M vs $262M; reported EPS $0.12 vs $0.40.
- Total Segment EBITDA $409M, down 30% from $586M; adjusted EPS $0.14 vs $0.44.
- Plans to cut ~1,250 positions (5% of workforce) in calendar 2023 to reduce costs.
- Dow Jones professional information revenue up 45% from OPIS/CMA acquisitions; Book Publishing down 14%.
- Engaged in discussions with CoStar Group about potential sale of Move (Realtor.com).

## SEC filing metadata
- accession: 0001564708-23-000011
- form_type: 8-K
- ticker: NWSA
- cik: 0001564708
- company_name: NEWS CORP
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564708/000156470823000011/0001564708-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564708/000156470823000011/nws-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564708-23-000011
- JSON: https://secwatch.observer/filing/0001564708-23-000011.json
- Plain text: https://secwatch.observer/filing/0001564708-23-000011.txt

## Key facts
- Earnings Releases
  NEWS CORP reported the quarter ended December 31, 2022 results: revenue $2.52 billion, net income $94 million, EPS reported EPS were $0.12 compared to $0.40 in the prior year.
  - Period: the quarter ended December 31, 2022
  - Revenue: $2.52 billion
  - Net income: $94 million
  - EPS: reported EPS were $0.12 compared to $0.40 in the prior year
  - Result: reported results
  source text: --- EX-99.1 (EX-99.1) --- NEWS CORPORATION REPORTS SECOND QUARTER RESULTS FOR FISCAL 2023 FISCAL 2023 SECOND QUARTER KEY FINANCIAL HIGHLIGHTS • Revenues in the quarter were $2.52 billion, a 7% decrease compared to $2.72 billion in the prior year, reflecting a $171 million, or 6%, negative impact from foreign currency fluctuations. Adjusted Revenues decreased 3% •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564708/000156470823000011/0001564708-23-000011-index.htm

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