Core Insights - News Corp. (NWSA) is expected to report quarterly earnings of $0.19 per share, a 72.7% increase year-over-year, while revenues are forecasted to decline by 16.8% to $2.01 billion [1] - The consensus EPS estimate has remained unchanged over the past 30 days, indicating analysts' reassessment of projections [1][2] Revenue Projections - Analysts estimate 'Revenues by Product (GAAP)- Dow Jones' at $564.92 million, reflecting a 3.9% increase from the previous year [4] - 'Revenues by Product (GAAP)- Book Publishing' is projected at $515.34 million, indicating a 1.9% increase year-over-year [4] - 'Revenues by Product (GAAP)- Digital Real Estate Services' is expected to reach $415.69 million, a 7.1% increase from the prior year [5] - 'Revenues by Product (GAAP)- News Media' is forecasted at $518.94 million, showing a 2.1% decrease from the previous year [5] EBITDA Projections - 'EBITDA- Dow Jones' is projected to be $126.48 million, up from $118 million in the same quarter last year [6] - 'EBITDA- News Media' is expected to be $22.49 million, down from $26 million in the same quarter last year [6] - 'EBITDA- Book Publishing' is estimated at $64.16 million, slightly up from $62 million in the previous year [7] - 'EBITDA- Digital Real Estate Services' is projected at $120.39 million, an increase from $104 million in the same quarter last year [7] Stock Performance - Over the past month, News Corp. shares have increased by 12.2%, outperforming the Zacks S&P 500 composite, which saw a 0.4% change [7]

Core Insights - Realtor.com® and Local Logic released a ranking of the best U.S. cities for car-free transit, emphasizing sustainability through walking, biking, and public transit [1][3] - The top three cities are Hoboken, NJ; Cambridge, MA; and Brookline, MA, with a significant concentration of top-ranked cities in the Northeast and California's Bay Area [1][2] Ranking Methodology - The ranking was based on U.S. Census data regarding car-free commuters, combined with Local Logic's proprietary Location Scores that assess walkability, bikeability, and public transit access [3][4] - These Location Scores are derived from billions of data points related to local infrastructure and amenities, providing a comprehensive view of neighborhood functionality [3][4] Top Eco-Friendly Cities - **Hoboken, NJ**: Nearly 80% of residents commute without a car, benefiting from a dense, walkable grid and access to PATH trains, ferries, and buses [5] - **Cambridge, MA**: Known for smart city planning and significant investment in bike infrastructure, making car-free commuting a natural choice [6] - **Brookline, MA**: Well-connected by transit and designed for easy navigation on foot, promoting a car-free lifestyle [7] - **Berkeley, CA**: Strong cycling culture and progressive urban policies support car-free commuting [8] - **Washington, D.C.**: Approximately two-thirds of residents commute car-free, with a focus on safer, walkable streets [9] - **San Francisco**: Despite its hills, it remains transit- and pedestrian-friendly, with a long-standing transit-first policy [10] - **Somerville, MA**: Investments in active transportation and compact urban design facilitate car-free commuting [11] - **Boston, MA**: Nearly 58% of locals commute without a car, supported by strong transit coverage and modern mobility plans [12] - **Seattle**: Over half of residents commute without driving, aided by a growing transit network [13] - **Arlington, VA**: Focuses on growth around Metro stations, supporting sustainable commuting options [14] Key Statistics - The ranking includes median list prices, days on the market, and various friendliness scores for cycling, pedestrian access, and transit [15] - For example, Hoboken has a median list price of $785,000 and a cycling friendliness score of 7.0 [15]

Core Insights - Homebuyers in the U.S. set a new record for down payments in 2024, with significant increases in the Northeast and Midwest, while declines were observed in several Southern and Western states [1][2][3] Down Payment Trends - Delaware experienced the highest increase in median down payments at 38.6%, reaching $49,000, followed by Rhode Island at 32.8% and Maine at 32.0% [1][3] - In contrast, states like Texas and Florida saw substantial declines in down payments, with Texas down 16.5% to $15,350 and Florida down 14.1% to $27,566 [4][12] Regional Dynamics - The Northeast and Midwest are characterized by intense buyer demand and significant housing supply gaps, leading to higher prices and competitive market conditions [4][12] - Only eight out of the 50 states reported falling down payments in 2024, indicating a generally competitive market across the country [10] Metro-Level Analysis - The San Diego metro area saw the largest increase in down payments, with a 33.7% rise, while other metros like Cincinnati and New Orleans also reported significant increases [5][7] - Conversely, Cape Coral, Florida, experienced the largest decline in down payments at 31.2%, attributed to stagnant home prices [9][11] Future Outlook - Down payments are expected to remain high in competitive regions with limited inventory, while markets in the South and West may continue to experience softening trends [12]

Financial Performance - Second quarter revenues increased 5% to $2.24 billion, up from $2.14 billion in the prior year, driven by growth in Digital Real Estate, Book Publishing, and Dow Jones segments [3]. - Net income from continuing operations surged 58% to $306 million, compared to $194 million in the prior year [8]. - Total Segment EBITDA rose 20% to $478 million, up from $400 million in the prior year, with strong contributions from all operating segments [9]. - Total revenues for the three months ended December 31, 2024, were $2,238 million, compared to $2,135 million in the prior year, marking an increase of 4.8% [41]. - Net income attributable to News Corporation stockholders for the three months ended December 31, 2024, was $215 million, up from $156 million, reflecting a growth of 37.9% [41]. - Total revenues for the six months ended December 31, 2024, were $4,334 million, an increase of $168 million from $4,166 million in 2023 [51]. - Net income from continuing operations for the six months ended December 31, 2024, was $455 million, an increase of 83% compared to $248 million in 2023 [48]. - Adjusted total revenues for the three months ended December 31, 2024, were $2,225 million, representing a 4% increase from $2,135 million in 2023 [53]. - Adjusted total revenues for the six months ended December 31, 2024, were $4,295 million, a 3% increase from $4,166 million in 2023 [56]. Segment Performance - REA Group achieved record revenues of $343 million, a 17% increase driven by strong Australian residential performance [6]. - Dow Jones reported record revenues of $600 million, supported by improved circulation and higher professional information business revenues, with 11% growth in Risk & Compliance and 10% in Dow Jones Energy [6]. - Book Publishing revenues grew 8% to $595 million, with Segment EBITDA increasing 19% due to strong physical and digital book sales [20]. - Digital Real Estate Services saw a 25% increase in adjusted segment EBITDA for the three months ended December 31, 2024, reaching $184 million compared to $147 million in 2023 [53]. - News Media segment reported a 28% increase in adjusted segment EBITDA for the three months ended December 31, 2024, totaling $73 million, up from $57 million in 2023 [53]. - Digital Real Estate Services segment revenues grew by 13% to $930 million for the six months ended December 31, 2024, compared to $822 million in the prior year [64]. - The Book Publishing segment reported revenues of $1,141 million for the six months ended December 31, 2024, an increase of 6% from $1,075 million in the same period of 2023 [64]. - The Dow Jones segment revenues increased by 3% to $1,152 million for the six months ended December 31, 2024, compared to $1,121 million in the prior year [64]. Digital Transformation - Digital revenues at Dow Jones represented 81% of total revenues, up from 78% in the prior year, indicating a shift towards digital [12]. - Digital sales in Book Publishing increased 9%, driven by a 13% growth in audiobook sales and a 6% increase in e-book sales [21]. - As of December 31, 2024, News Corp Australia had 1,126,000 closing digital subscribers, up from 1,051,000 in the prior year, representing a 7.1% increase [30]. - The Times and Sunday Times reported 616,000 closing digital subscribers, an increase from 575,000, reflecting a growth of 7.1% year-over-year [30]. - The Sun's digital offering reached 70 million global monthly unique users, down from 143 million, indicating a decline of 51.2% compared to the previous year [30]. - New York Post's digital network had 90 million unique users, a decrease from 124 million, representing a decline of 27.4% year-over-year [30]. Cash Flow and Dividends - Free cash flow for the six months ended December 31, 2024, was $121 million, an increase from $97 million in the prior year, primarily due to higher cash from operating activities [28]. - Cash and cash equivalents at the end of the period were $1,751 million, up from $1,707 million in the previous year [50]. - Net cash provided by operating activities from continuing operations was $278 million for the six months ended December 31, 2024, compared to $251 million in 2023 [45]. - The company paid dividends totaling $92 million, compared to $85 million in the same period last year [45]. - The company declared a semi-annual cash dividend of $0.10 per share for Class A and Class B Common Stock, payable on April 9, 2025 [31]. Asset Management - Current assets increased to $6,452 million as of December 31, 2024, compared to $4,372 million as of June 30, 2024, indicating a growth of 47.4% [43]. - Total assets decreased to $16,161 million as of December 31, 2024, down from $16,684 million as of June 30, 2024, reflecting a decline of 3.1% [43]. Impairment and Foreign Currency Impact - The company recognized non-cash impairment charges of $1 million in the News Media segment during the three months ended December 31, 2023 [58]. - The Company recognized non-cash impairment charges of $22 million at the News Media segment related to the write-down of fixed assets during the six months ended December 31, 2023 [59]. - The impact of foreign currency fluctuations reduced revenues by $35 million for the six months ended December 31, 2024 [51]. - The company emphasizes the importance of constant currency revenues to provide a clearer picture of core business performance, excluding the impact of foreign currency fluctuations [60].

News Corporation (NWSA) reported second-quarter fiscal 2025 earnings of 33 cents per share, which matched the Zacks Consensus Estimate and increased 26.92% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $2.24 billion increased 5% year over year and beat the consensus mark by 1.86%. The improvement was driven by growth in the Digital Real Estate Services, Book Publishing and Dow Jones segments.Following fiscal second-quarter earnings, NWSA shares were up 2.3 ...

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, 2024 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 _________________ ...

Financial Data and Key Metrics Changes - Revenues from continuing operations grew 5% to $2.24 billion, while profitability rose 20% to $478 million, indicating significant progress in digital development [6][33] - Net income from continuing operations surged 58% to $306 million, and EPS from continuing operations increased to $0.40 from $0.28 in the prior quarter [7][34] - Overall margin improved from 18.7% to 21.4%, reflecting enhanced operational efficiency [7][33] Business Line Data and Key Metrics Changes - Digital Real Estate revenue increased 13% to $473 million, with segment EBITDA margin rising 26% to $185 million [17][41] - Dow Jones reported a 3% revenue growth to $600 million, with segment EBITDA expanding 7% to $174 million [19][41] - Book Publishing revenue grew 8% to $595 million, and segment EBITDA surged 19% to $101 million [23][45] - News Media revenue fell 2% to $570 million, but segment EBITDA grew 30% to $74 million due to cost-saving initiatives [25][49] Market Data and Key Metrics Changes - Digital circulation revenue at Dow Jones grew year-over-year at its fastest pace in two years, with digital ARPU improving sequentially [20][38] - REA achieved a quarterly record in revenue with 129 million average monthly visits, nearly four times more than the nearest competitor [19][42] - Digital advertising grew by 13% at the New York Post, contributing to profitability [26] Company Strategy and Development Direction - The company is focusing on its three pillars of growth: Digital Real Estate, Dow Jones, and Book Publishing, which collectively grew revenue by 7% and segment EBITDA by 16% [33] - The agreement to sell Foxtel to DAZN for AUD 3.4 billion is seen as a strategic move to strengthen the balance sheet and focus on core growth areas [8][31] - The company is committed to maximizing shareholder returns, with a $1 billion buyback provision in place [79] Management's Comments on Operating Environment and Future Outlook - Management noted a tangible increase in business confidence in the US, which is expected to lead to greater capital formation and opportunities [15] - The company anticipates mixed market trends geographically, with currency translation expected to be a headwind in the second half [50] - There is confidence in the growth of Dow Jones, particularly in B2B segments, despite ongoing challenges [50][102] Other Important Information - The company has been upgraded to investment grade by both S&P Global and Moody's, reflecting its long-term strategy and improved financial position [11] - The partnership with OpenAI is expected to enhance content visibility in the AI space, with ongoing legal actions to protect intellectual property [12][28] Q&A Session Summary Question: Discussion on the Foxtel deal structure and overall News Corp strategy - Management emphasized the importance of regulatory approvals for the Foxtel deal and highlighted the partnership with DAZN as a significant strategic move [58][60] Question: Insights on Dow Jones earnings growth in the second half - Management attributed confidence in growth to improved subscriber trends and the phasing of discounted offers to standard pricing [66][70] Question: Expected use of proceeds from the Foxtel sale - Management confirmed a focus on maximizing long-term shareholder value, with plans for buybacks and dividends [79] Question: Outlook for Dow Jones pricing and product launches - Management provided insights on the expected trajectory for pricing and emphasized the importance of the backlist in the Book Publishing segment [87][89]

Core Insights - News Corp. reported revenue of $2.24 billion for the quarter ended December 2024, reflecting a 13.5% decline year-over-year, while EPS increased to $0.33 from $0.26 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate of $2.2 billion by 1.86%, but the EPS met the consensus estimate without any surprise [1] Financial Performance Metrics - Key metrics indicate that News Corp. shares returned +3.3% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change, with a Zacks Rank 1 (Strong Buy) suggesting potential outperformance in the near term [3] - Revenue breakdown by product shows: - Dow Jones: $600 million, +2.7% year-over-year, below the estimate of $611.83 million [4] - Book Publishing: $595 million, +8.2% year-over-year, above the estimate of $575 million [4] - Digital Real Estate Services: $473 million, +12.9% year-over-year, above the estimate of $468.46 million [4] - News Media: $570 million, +1.2% year-over-year, above the estimate of $542.27 million [4] - EBITDA performance: - Dow Jones: $174 million, above the estimate of $171 million [4] - News Media: $74 million, significantly above the estimate of $48.52 million [4] - Other: -$56 million, slightly worse than the estimate of -$53.50 million [4] - Book Publishing: $101 million, above the estimate of $92.05 million [4] - Digital Real Estate Services: $185 million, above the estimate of $176.98 million [4]

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Analysts on Wall Street project that News Corp. (NWSA) will announce quarterly earnings of $0.33 per share in its forthcoming report, representing an increase of 26.9% year over year. Revenues are projected to reach $2.2 billion, declining 15% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 16.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates d ...