Here's What Key Metrics Tell Us About News Corp. (NWSA) Q4 Earnings

Core Viewpoint - News Corp. reported a revenue of $2.58 billion for the quarter ended June 2024, marking a year-over-year increase of 5.9% and an EPS of $0.17, up from $0.14 a year ago, exceeding both revenue and EPS consensus estimates [1]. Revenue Performance - The reported revenue of $2.58 billion surpassed the Zacks Consensus Estimate of $2.53 billion, resulting in a surprise of +2.06% [1]. - The EPS of $0.17 also exceeded the consensus estimate of $0.15, delivering an EPS surprise of +13.33% [1]. Key Metrics Analysis - Revenue from Dow Jones - Circulation and subscription was $102 million, above the average estimate of $99.92 million [5]. - Revenue from Dow Jones - Other reached $15 million, compared to the average estimate of $13.89 million [5]. - Book Publishing - Consumer revenue was $566 million, slightly above the estimated $565.22 million, reflecting a +3.7% year-over-year change [5]. - Subscription Video Services - Advertising revenue was $512 million, exceeding the average estimate of $506.78 million, with a year-over-year increase of +14.8% [6]. - News Media - Circulation and subscription revenue was $263 million, below the average estimate of $273.57 million [8]. - News Media - Advertising revenue was $209 million, slightly above the average estimate of $207.16 million [8]. Stock Performance - Over the past month, shares of News Corp. have returned -6.3%, compared to the Zacks S&P 500 composite's -6.5% change [9]. - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [9].