Discontinued Operations - Foxtel's results have been classified as discontinued operations, reflecting a strategic shift that significantly impacts the Company's operations and financial results[117]. - The Company entered into a definitive agreement to sell the Foxtel Group for A$592 million, which closed on April 2, 2025[116]. Financial Performance - Revenues increased by $15 million, or 1%, for the three months ended March 31, 2025, and by $183 million, or 3%, for the nine months ended March 31, 2025, compared to the same periods in fiscal 2024[120]. - Net income for the three months ended March 31, 2025, was $137 million, a 226% increase compared to $42 million for the same period in fiscal 2024[145]. - Net income attributable to News Corporation stockholders was $103 million for the three months ended March 31, 2025, compared to $30 million for the same period in 2024, representing a 243% increase[120]. - Net income from continuing operations increased by $43 million, or 67%, for the three months ended March 31, 2025, and by $250 million, or 80%, for the nine months ended March 31, 2025[143]. - Total revenues decreased by $22 million, or 3%, to $671 million for the nine months ended March 31, 2025, compared to $693 million in the same period of fiscal 2024[173]. Segment Performance - The Digital Real Estate Services segment includes a 61.4% interest in REA Group and an 80% interest in Move, which operates Realtor.com[114]. - Revenues at the Digital Real Estate Services segment increased by $126 million, or 10%, for the nine months ended March 31, 2025, compared to the same period in fiscal 2024[163]. - Revenues at the Book Publishing segment increased by $74 million, or 5%, for the nine months ended March 31, 2025, compared to the same period in fiscal 2024[167]. - Revenues for the Dow Jones segment increased by $31 million, or 6%, to $575 million for the three months ended March 31, 2025, driven by higher circulation and subscription revenues[150]. - Revenues at the News Media segment decreased by $42 million, or 8%, for the three months ended March 31, 2025, compared to the same period in fiscal 2024[168]. Expenses and Cash Flow - Operating expenses decreased by $34 million, or 4%, for the three months ended March 31, 2025, and by $67 million, or 2%, for the nine months ended March 31, 2025[124]. - Selling, general and administrative expenses increased by $18 million, or 2%, for the three months ended March 31, 2025, and by $90 million, or 4%, for the nine months ended March 31, 2025[127]. - Free cash flow for the nine months ended March 31, 2025, was $539 million, an increase from $475 million in the same period of fiscal 2024[190]. - Net cash provided by operating activities increased by $68 million to $789 million for the nine months ended March 31, 2025, compared to $721 million in the same period of fiscal 2024[182]. Market and Economic Conditions - Recent changes in trade policy may lead to economic volatility and could negatively impact customer sentiment and spending, affecting the Company's financial condition[118]. - The Company does not expect announced tariffs to materially impact its supply chain or costs but acknowledges potential future uncertainties[118]. - The Company will continue to monitor macroeconomic trends and seek to mitigate potential impacts on its operations[118]. Legal and Regulatory Matters - Legal proceedings and claims may adversely affect the Company's results of operations and financial condition due to significant uncertainty in outcomes[195]. - The Company establishes accrued liabilities for legal claims when a loss is probable and can be reasonably estimated, with adjustments made as necessary[196]. Strategic Acquisitions and Divestitures - The Company has made significant strategic acquisitions and divestitures, which introduce risks and uncertainties to its business[116]. - The Company has commitments under firm contractual arrangements for future payments, which will change upon the sale of Foxtel on April 2, 2025[194].

Core Insights - News Corp reported better-than-expected quarterly earnings, driven by growth in digital real estate, Dow Jones, and book publishing divisions [1][3] - The company achieved a net income of $107 million, or 14 cents per share, compared to $64 million, or 7 cents, in the previous year [1][3] - Adjusted earnings per share totaled 17 cents, exceeding Wall Street's expectations of 13 cents [3] Financial Performance - Third-quarter revenue increased by 1% to $2.01 billion from $1.99 billion a year earlier [3] - The Dow Jones unit saw a revenue increase of 5.7% to $575 million, attributed to improved circulation revenues [4] - The real estate division's revenue rose by 4.6% to $406 million [4] - The book publishing unit, including HarperCollins, experienced a 2% revenue increase due to higher sales of key titles [5] Strategic Initiatives - CEO Robert Thomson highlighted the company's "sustained strength" and "strategic transformation" as key factors for the 67% profit increase in the quarter [3][4] - The company has focused on digital growth, asset realignment, cost discipline, and the value of intellectual property [4] - News Corp completed the sale of its Australian cable TV business, Foxtel Group, to DAZN for $2.1 billion, which is expected to strengthen the balance sheet and enhance returns for shareholders [7][8]

Core Insights - News Corp. reported a revenue of $2.01 billion for the quarter ended March 2025, reflecting a year-over-year decline of 17.1% [1] - The earnings per share (EPS) was $0.17, an increase from $0.11 in the same quarter last year, but fell short of the consensus estimate of $0.19, resulting in a surprise of -10.53% [1] Revenue Performance - Dow Jones revenue was $575 million, exceeding the average estimate of $564.92 million, with a year-over-year increase of 5.7% [4] - Book Publishing revenue reached $514 million, slightly below the average estimate of $515.34 million, marking a year-over-year growth of 1.6% [4] - Digital Real Estate Services generated $406 million, falling short of the $415.69 million estimate, but still showing a year-over-year increase of 4.6% [4] - News Media revenue was $514 million, below the average estimate of $518.94 million, indicating a year-over-year decline of 3% [4] EBITDA Analysis - Dow Jones EBITDA was reported at $132 million, surpassing the average estimate of $126.48 million [4] - News Media EBITDA reached $33 million, significantly above the average estimate of $22.49 million [4] - Other EBITDA was -$63 million, slightly worse than the estimated -$60 million [4] - Book Publishing EBITDA was $64 million, in line with the average estimate of $64.16 million [4] - Digital Real Estate Services EBITDA was $124 million, exceeding the average estimate of $120.39 million [4] Stock Performance - Over the past month, News Corp. shares returned +7.6%, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Performance - Third quarter revenues were $2.01 billion, a 1% increase compared to $1.99 billion in the prior year, driven by growth in Dow Jones, Digital Real Estate Services, and Book Publishing[8]. - Net income from continuing operations rose 67% to $107 million, compared to $64 million in the prior year, primarily due to higher Total Segment EBITDA and lower impairment charges[10]. - Total Segment EBITDA for the quarter was $290 million, a 12% increase compared to $259 million in the prior year, with strong contributions from Digital Real Estate Services and Dow Jones segments[11]. - Total revenues for the three months ended March 31, 2025, were $2,009 million, compared to $1,994 million in the prior year, reflecting a growth of 0.8%[46]. - Net income attributable to News Corporation stockholders for the three months ended March 31, 2025, was $103 million, compared to $30 million in the prior year, marking a significant increase of 243.3%[46]. - For the nine months ended March 31, 2025, adjusted total revenues were $6,323 million, a 3% increase from $6,160 million in the same period of 2024[65]. - Total revenues for the nine months ended March 31, 2025, were $6,343 million, a 3% increase from $6,160 million in the same period of 2024[75]. Segment Performance - Dow Jones achieved revenues of $575 million, a 6% increase, with digital circulation revenues growing significantly and representing 82% of total revenues[15]. - REA Group posted revenues of $271 million, a 6% increase, driven by strong Australian residential performance despite a negative impact from foreign currency fluctuations[21]. - Book Publishing revenues increased by $8 million, or 2%, due to higher book sales, partially offset by a $5 million negative impact from foreign currency fluctuations[23]. - Digital revenues represented 39% of News Media segment revenues, up from 37% in the prior year, indicating a shift towards digital content consumption[30]. - Digital Real Estate Services segment saw a 25% increase in adjusted EBITDA, rising to $130 million from $104 million year-over-year[63]. - Dow Jones adjusted revenues increased by 6% to $577 million in Q3 2025, up from $544 million in Q3 2024[63]. - The News Media segment revenues decreased by 6% to $525 million in Q3 2025, down from $556 million in Q3 2024[63]. Cash Flow and Expenses - Free cash flow for the nine months ended March 31, 2025, was $539 million, an increase from $475 million in the prior year, primarily due to higher cash provided by operating activities[31]. - Operating expenses for the three months ended March 31, 2025, were $904 million, down from $938 million in the prior year, a decrease of 3.6%[46]. - Cash provided by operating activities from continuing operations was $789 million for the nine months ended March 31, 2025, compared to $721 million in 2024, marking a growth of 9.4%[1]. - The company reported capital expenditures of $250 million for the nine months ended March 31, 2025, compared to $246 million in 2024, indicating a slight increase[1]. - The net cash used in investing activities from continuing operations was $194 million for the nine months ended March 31, 2025, a decrease from $296 million in 2024[1]. Subscriber Growth - Total average subscriptions to Dow Jones' consumer products reached 6.1 million, a 7% increase, with digital-only subscriptions growing 9% to over 5.5 million[17]. - As of March 31, 2025, News Corp Australia had 1,148,000 digital subscribers, an increase from 1,113,000 in the prior year, representing a growth of approximately 3.1%[34]. - The Times and Sunday Times reported 629,000 digital subscribers, up from 582,000 year-over-year, indicating an increase of about 8.1%[34]. Foreign Currency Impact - The company experienced a foreign currency fluctuation impact of $32 million on revenues for the three months ended March 31, 2025[60]. - The average foreign exchange rate for the U.S. Dollar per British Pound Sterling was $1.30 for Q1 of fiscal year 2025, compared to $1.27 in Q1 of fiscal year 2024[62]. Shareholder Returns - The company repurchased shares amounting to $114 million during the nine months ended March 31, 2025, compared to $83 million in 2024[1]. - The company completed the sale of the Foxtel Group to DAZN Group Limited, with a repayment of A$592 million in shareholder loans at closing[36]. - The company holds a minority equity interest of approximately 6% in DAZN following the sale of Foxtel, along with one seat on its Board of Directors[36].

Group 1: Earnings Report Overview - News Corporation (NWSA) is set to report its third-quarter fiscal 2025 results on May 8, with revenue estimates at $2.01 billion, reflecting a decline of 16.84% year-over-year [1] - The consensus estimate for earnings per share is steady at 19 cents, indicating a year-over-year growth of 72.73% [1][2] Group 2: Performance Insights - The company has beaten the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 13.65% [2] - Following a strong fiscal second-quarter performance, the upcoming quarter presents mixed indicators, suggesting a cautious approach for investors [3] Group 3: Segment Analysis - Digital Real Estate Services showed growth in Australian residential listings, while the U.S. housing market faces challenges due to high mortgage rates affecting transaction volumes [4] - The Dow Jones segment is experiencing promising subscription trends, with management expecting growth acceleration in the second half, although increased B2B investments may pressure margins [5] - News Media is navigating uncertainties in the advertising market, with management anticipating more challenging conditions in the latter half of the fiscal year [6] Group 4: Strategic Developments - The pending sale of Foxtel to DAZN could strengthen the balance sheet, but regulatory approvals may delay completion [7] - Ongoing investments in AI initiatives and related legal expenses are expected to impact profitability as the company balances opportunities and intellectual property protection [7] Group 5: Earnings ESP and Ranking - News Corporation currently has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), indicating lower odds of an earnings beat [8]

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 ...