secwatch.observer — SEC 8-K summary
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Issuer:     NEWS CORP (NWSA)
CIK:        0001564708
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001564708-23-000351
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564708/000156470823000351/0001564708-23-000351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564708/000156470823000351/nws-20230810.htm
  HTML page:      https://secwatch.observer/filing/0001564708-23-000351

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