---
schema_version: "secwatch.filing_event.v1"
accession: "0001564708-23-000187"
form_type: "8-K"
ticker: "NWSA"
cik: "0001564708"
company_name: "NEWS CORP"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:08:53.676960+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564708-23-000187
- form_type: 8-K
- ticker: NWSA
- cik: 0001564708
- company_name: NEWS CORP
- filed_at: 2023-05-11T23:59:59+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/1564708/000156470823000187/0001564708-23-000187-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564708/000156470823000187/nws-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564708-23-000187
- JSON: https://secwatch.observer/filing/0001564708-23-000187.json
- Plain text: https://secwatch.observer/filing/0001564708-23-000187.txt

## Key facts
- Earnings Releases
  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
  source text: --- 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564708/000156470823000187/0001564708-23-000187-index.htm

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