News Corp Q3 FY2023: net income down 43% to $59M; EPS $0.09 vs $0.14 YoY

NEWS CORP

2023-Q3 EPS reported $0.27 revenue$7,446,000,000

Revenue $2.45B (-2% YoY); adjusted revenue flat; net income $59M vs $104M prior year.
Total Segment EBITDA $320M (-11% YoY); adjusted EPS $0.09 vs $0.16.
Dow Jones professional info revenue +38% on OPIS/CMA; consumer subs exceed 5.1M.
Foxtel streaming subs top 3M; broadcast churn lowest since FY2016 at 12.3%.
Cost savings target raised to at least $160M annualized from headcount reductions.

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 three months ended March 31, 2023 results: revenue $2.45 billion, net income $59 million, EPS $0.09.

Period: the three months ended March 31, 2023
Revenue: $2.45 billion
Net income: $59 million
EPS: $0.09
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- NEWS CORPORATION REPORTS THIRD QUARTER RESULTS FOR FISCAL 2023 FISCAL 2023 THIRD QUARTER KEY FINANCIAL HIGHLIGHTS • Revenues in the quarter were $2.45 billion, a 2% decrease compared to $2.49 billion in the prior year, reflecting a $98 million, or 4%, negative impact from foreign currency fluctuations. Adjusted Revenues were flat • Net

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Source: SEC EDGAR

accession 0001564708-23-000187

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