News Corp Q4 FY23: Revenue down 9% to $2.43B; net loss of $32M; digital revenue now over 50% of total

NEWS CORP

2023-FY EPS reported $0.26 revenue$9,879,000,000

Q4 revenue $2.43B (-9% YoY); net loss $(32)M vs net income $127M; Adjusted EPS $0.14 vs $0.37.
Full year revenue $9.88B (-5% YoY); net income $187M (-75% YoY); Total Segment EBITDA $1.42B (-15%).
Digital revenues exceeded 50% of total for full year; Dow Jones segment EBITDA rose 25% in Q4 and 14% for full year.
Foxtel Group streaming subscribers reached ~3.1M; Foxtel nearing debt refinancing expected to facilitate shareholder loan repayments.
Book Publishing and Digital Real Estate Services saw revenue declines of 13% and 17% respectively in Q4 due to weak demand and housing market conditions.

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 0.9

NEWS CORP reported the quarter and fiscal year ended June 30, 2023 results: revenue $2.43 billion, net income $(32) million, EPS $(0.01).

Period: the quarter and fiscal year ended June 30, 2023
Revenue: $2.43 billion
Net income: $(32) million
EPS: $(0.01)
Result: reported results

Exact text from the filing

CORPORATION REPORTS FOURTH QUARTER AND FULL YEAR RESULTS FOR FISCAL 2023 FISCAL 2023 FOURTH QUARTER AND FULL YEAR KEY FINANCIAL HIGHLIGHTS • Fourth quarter revenues were $2.43 billion, compared to $2.67 billion in the prior year, reflecting the absence of the extra week in the prior year and the negative impact from foreign currency fluctuations • Net loss in

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Source: SEC EDGAR

accession 0001564708-23-000351

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