secwatch.observer — SEC 8-K summary
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Issuer:     NEWS CORP (NWSA)
CIK:        0001564708
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001564708-23-000187
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564708/000156470823000187/0001564708-23-000187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564708/000156470823000187/nws-20230511.htm
  HTML page:      https://secwatch.observer/filing/0001564708-23-000187

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer