3Q2024: Dow Jones reports a 3% revenue increase to $544m, driven by 4% digital growth; print ad revenue declines 2%.
3Q2024: Dow Jones reports 3% revenue increase to $544m, driven by digital growth (4%). Print ad revenue declines 2%. News Corp, parent co, experiences 1% revenue drop to $2.42bn, 29% net income decline to $42m due to restructuring charges and higher depreciation/amortization. CEO Robert Thomson highlights commitment to quality journalism amid generative AI. Dow Jones adds 322,000 net digital subscriptions, totaling over 5m.
May 08, 2024
4 Articles