News Corp reported a 3% revenue increase to $2.59B in Q2, driven by strong real-estate services, Dow Jones businesses, and higher digital subscriptions.

In the second quarter of fiscal year 2024, News Corp’s revenue increased due to strong performance in real estate services and Dow Jones businesses, leading to a profit of $156 million ($0.27 per share) and revenue of $2.59 billion. This surpassed analysts' expectations of $2.56 billion in revenue and 24 cents per share. Contributing factors to increased revenue include higher Australian residential revenue at REA Group, growth in the professional information business at Dow Jones, and higher digital sales in the book-publishing business.

February 07, 2024
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