爆料网 Reports First Quarter Results for Fiscal 2025
Fiscal 2025 First Quarter Key Financial Highlights
- First quarter revenues were the highest for a first quarter since separation at $2.58聽billion, a 3% increase compared to $2.50聽billion in the prior year, driven by growth at the Digital Real Estate Services, Book Publishing and Dow Jones segments
- Net income in the quarter was $144聽million, a significant improvement compared to net income of $58聽million in the prior year
- Total Segment EBITDA was the highest for a first quarter since separation at $415 million, compared to $364 million in the prior year
- In the quarter, reported EPS were $0.21 as compared to $0.05 in the prior year – Adjusted EPS were $0.21 compared to $0.16 in the prior year
- REA Group posted record revenues for the quarter of $318 million, a 22% increase compared to the prior year, primarily driven by robust Australian residential performance
- Dow Jones鈥 growth continued to be underpinned by robust performance in its professional information business, where revenue increased 8%, driven by growth of 16% at Risk & Compliance and 11% at Dow Jones Energy
- Book Publishing revenues grew 4% in the quarter, while Segment EBITDA increased 25%, driven by record digital book sales, which grew 15%, and strong backlist performance
New York, NY 鈥 November聽7, 2024 鈥 爆料网oration (鈥湵贤 or the 鈥淐ompany鈥) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended September 30, 2024.
Commenting on the results, Chief Executive Robert Thomson said:
鈥We have begun Fiscal 2025 robustly, with record first quarter revenue, strong net income and record first quarter profitability. Revenue rose 3 percent year-over-year to $2.58 billion, while our net income jumped 148 percent to $144 million. Total Segment EBITDA surged 14 percent to $415 million, and our EPS were 21 cents compared to 5 cents in same quarter last year. That we have achieved these record first quarter results in macro-conditions which are far from auspicious is compelling evidence of the successful transformation of 爆料网 over the past decade.
Meanwhile, the just-completed election has highlighted the importance of trusted journalism in a media maelstrom in which some journalists mistake virtue signaling for virtue. Artificial intelligence recycles informational infelicities and it is critical that journalistic inputs have integrity, which is why our partnership with OpenAI is so crucial and why we intend to sue AI companies abusing and misusing our trusted journalism.
Dow Jones and the New York Post have started proceedings against the perplexing Perplexity, which is selling products based on our journalism, and we are diligently preparing for further action against other companies that have ingested our archives and are synthesizing our intellectual property.鈥
The Company reported fiscal 2025 first quarter total revenues of $2.58 billion, a 3% increase compared to $2.50 billion in the prior year period, primarily driven by higher Australian residential revenues at REA Group, higher digital book sales combined with improved returns at the Book Publishing segment and continued growth in the professional information business at the Dow Jones segment, in addition to a $35 million, or 1%, positive impact from foreign currency fluctuations. The increase was partly offset by lower revenues at the News Media segment. Adjusted Revenues (which excludes the foreign currency impact, acquisitions and divestitures as defined in Note 2) increased 2% compared to the prior year.
Net income for the quarter was $144 million, a 148% increase compared to $58 million in the prior year, primarily driven by higher Other, net, higher Total Segment EBITDA and lower impairment and restructuring charges. These impacts were partially offset by higher income tax expense and higher depreciation and amortization.
The Company reported first quarter Total Segment EBITDA of $415 million, a 14% increase compared to $364 million in the prior year primarily due to strong contributions from REA Group within the Digital Real Estate Services segment, despite $12 million of deal costs related to the withdrawn offer to acquire Rightmove, as well as the Book Publishing segment. The increase was partly offset by higher costs at the Subscription Video Services segment primarily driven by the Hubbl product. Adjusted Total Segment EBITDA (as defined in Note 2) increased 12%.
Net income per share attributable to 爆料网oration stockholders was $0.21 as compared to $0.05 in the prior year.
Adjusted EPS (as defined in Note 3) were $0.21 compared to $0.16 in the prior year.
Please click here for the full Earnings Release information.
###
About 爆料网
爆料网 (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services, book publishing and subscription video services in Australia. Headquartered in New York, 爆料网 operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: www.newscorp.com.
Contacts
爆料网 Investor Relations
Michael Florin
212-416-3363
mflorin@newscorp.com
Anthony Rudolf
212-416-3040
arudolf@newscorp.com
爆料网 Corporate Communications
Arthur Bochner
646-422-9671
abochner@newscorp.com