Financial Performance - Total revenues decreased by $24 million, or 1%, for the three months ended September 30, 2022, compared to the same period in 2021, totaling $2.478 billion[123]. - Net income attributable to News Corporation stockholders was $40 million for the three months ended September 30, 2022, a decrease of 80% compared to $196 million in the same period of 2021[124]. - The Company reported a net income of $66 million for the three months ended September 30, 2022, down 75% from $267 million in the same period of 2021[124]. - Revenue for the three months ended September 30, 2022, was $2,478 million, a decrease of $24 million, or 1%, compared to $2,502 million in the corresponding period of fiscal 2022[146]. - Total Segment EBITDA for the three months ended September 30, 2022, was $350 million, down from $410 million in the same period of fiscal 2022[145]. - Free cash flow for the three months ended September 30, 2022, was $(135) million, compared to $(33) million in the prior year[179]. Revenue Breakdown - Circulation and subscription revenues increased by $34 million, or 3%, to $1.111 billion for the three months ended September 30, 2022[124]. - Consumer revenues decreased by $57 million, or 11%, to $467 million for the three months ended September 30, 2022[124]. - Digital Real Estate Services segment revenues decreased by $5 million, or 1%, to $421 million, with a Segment EBITDA decline of $19 million, or 14%[146]. - Subscription Video Services segment revenues decreased by $8 million, or 2%, to $502 million for the three months ended September 30, 2022, primarily due to foreign currency fluctuations[147]. - Dow Jones segment revenues increased by $71 million, or 16%, to $515 million, driven by acquisitions and growth in digital circulation and advertising revenues[151]. - Total revenues for the News Media segment decreased by $23 million, or 4%, to $553 million for the three months ended September 30, 2022, compared to $576 million in the same period of fiscal 2022[160]. Expenses and Costs - Operating expenses increased by $29 million, or 2%, totaling $1.273 billion for the three months ended September 30, 2022[124]. - Selling, general and administrative expenses rose by $7 million, or 1%, primarily due to increased expenses at the Dow Jones segment[129]. - The decrease in revenue was primarily driven by lower physical book sales and negative foreign currency fluctuations, which resulted in a revenue decrease of $153 million, or 6%[125]. - Segment EBITDA for Book Publishing decreased by $46 million, or 54%, to $39 million, driven by lower revenues and increased manufacturing and freight costs[159]. - Advertising revenues decreased by $10 million, impacted by a $22 million negative effect from foreign currency fluctuations and lower print advertising revenues[162]. Acquisitions and Strategic Moves - The Company acquired OPIS for $1.15 billion in cash in February 2022, enhancing its position in energy and renewables information[117]. - The acquisition of Base Chemicals (CMA) was completed for $295 million in cash in June 2022, furthering the Company's goal in the base chemicals information sector[118]. - UpNest was acquired for $45 million in cash, with potential future payments of up to $15 million based on performance, expanding Realtor.com's services[119]. - The Company is exploring a potential combination with FOX Corporation, with a special committee formed to evaluate the transaction[120]. Subscriber Metrics - The total number of broadcast subscribers decreased to 1,439,000 from 1,605,000 year-over-year, while streaming subscribers increased to 4,605,000 from 3,970,000[149]. - The total consumer subscriptions for The Wall Street Journal increased to 3,778,000, an 8% increase from the previous year[153]. - The average monthly broadcast residential subscription revenue per user (ARPU) increased to A$83 (US$57) from A$82 (US$60) year-over-year[149]. Legal and Regulatory Matters - The Company is involved in various legal proceedings, which may adversely affect its financial condition and results of operations[191]. - The Company establishes accrued liabilities for legal claims when a loss is probable and can be reasonably estimated[192]. - The Company's tax returns are subject to ongoing reviews, and liabilities may need adjustments based on new information[193]. - There has been no material change in the Company's assessment of its sensitivity to market risk since the last report[194]. Cash and Debt Management - Cash and cash equivalents as of September 30, 2022, were $1.5 billion, with an additional $752 million held by foreign subsidiaries[165][166]. - Total borrowings as of September 30, 2022, amounted to $3.0 billion, including the current portion[181]. - The Company repurchased 5.0 million shares of Class A Common Stock for approximately $84 million and 2.5 million shares of Class B Common Stock for approximately $43 million during the three months ended September 30, 2022[170]. - A semi-annual cash dividend of $0.10 per share was declared in August 2022, paid on October 12, 2022[171].

Financial Data and Key Metrics Changes - Total revenues for Q1 2023 were approximately $2.5 billion, down 1% year-over-year, impacted by a $153 million or 6% negative effect from foreign currency fluctuations [35][36] - Adjusted revenues grew 3% compared to the prior year, while total segment EBITDA was $350 million, down 15% year-over-year [8][36] - Earnings per share were reported at $0.07 compared to $0.33 in the prior year, with adjusted earnings per share at $0.12 compared to $0.23 [37] Business Line Data and Key Metrics Changes - **Digital Real Estate Services**: Segment revenues were $421 million, down 1% year-over-year, with a 5% negative impact from foreign currency fluctuations. Adjusted revenues increased 3% [38] - **Subscription Video Services**: Revenues were $502 million, down approximately 2% year-over-year, but adjusted revenues rose 6%. Total paid subscribers reached almost 4.5 million, up 16% year-over-year [43][44] - **Dow Jones**: Revenues increased 16% to $515 million, with digital revenues accounting for 79% of total revenues. Professional information business revenues rose 40% [47][48] Market Data and Key Metrics Changes - In the digital real estate market, unique lead volumes declined 32% due to consumer affordability constraints, although there was a slight improvement from the previous quarter [39] - The Australian residential new buy listings for October declined 18% compared to tougher prior year comparisons [60] - Digital advertising revenues at Dow Jones grew 11%, with digital advertising accounting for approximately 65% of total advertising revenues [50] Company Strategy and Development Direction - The company is focused on cost control and improving margins, particularly at HarperCollins, while also investing in long-term growth opportunities in digital real estate and subscription services [22][18] - There is a renewed focus on bundling premium content across Dow Jones products, which has already exceeded 200,000 subscriptions [13] - The company is exploring a potential combination with Fox Corporation, although no further comments were made on this topic during the call [31] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the macroeconomic volatility but expressed confidence in the company's resilient foundations and long-term growth potential [7][9] - The impact of Amazon's inventory adjustments was noted as a significant factor affecting HarperCollins, but management expects these challenges to be short-term [21][70] - The company anticipates ongoing foreign exchange headwinds and higher costs due to supply chain pressures in the upcoming quarters [60][63] Other Important Information - The company reported a strong performance in digital advertising and streaming services, with significant subscriber growth in Foxtel's streaming offerings [25][45] - The integration of OPIS and CMA into Dow Jones is progressing well, contributing positively to revenues and profitability [49] Q&A Session Summary Question: Impact of Amazon on Book Publishing Margins - Management indicated that the majority of the EBITDA decrease was due to Amazon's inventory adjustments, which are expected to be resolved soon, while consumer demand for books remains strong [67][70] Question: Trends in Wall Street Journal Digital Subscribers - Digital subscriptions for both Dow Jones and the Wall Street Journal increased by 13%, with a focus on leveraging a large audience to drive premium product subscriptions [73] Question: BINGE Subscriber Growth Drivers - Subscriber growth for BINGE was attributed to both content releases like House of the Dragon and a strong customer experience, with no significant cannibalization observed [78] Question: Investment in Digital Real Estate - The company confirmed ongoing investments in digital real estate adjacencies, emphasizing the long-term opportunities in the U.S. market [81]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-K ________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35769 ________________________________ NEWS CORPORATION (Exact name of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35769 ____________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35769 _________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35769 ________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-K ________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35769 ________________________________ NEWS CORPORATION (Exact name of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35769 ____________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35769 _________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35769 ________________ ...