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News Corp beats quarterly earnings expectations, driven by Dow Jones, real estate units

New York Post·Alexandra Steigrad·6 months ago
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The Post’s parent company News Corp reported better-than-expected quarterly earnings on Thursday, driven by growth in its Dow Jones, digital real estate and book publishing divisions.

The New York-based media giant reported $121 million from continuing operations, or 16 cents a share, compared with income of $107 million, or 14 cents, the prior year. Adjusted earnings per share totaled 21 cents.

Third-quarter revenue grew 9% to $2.19 billion, compared with $2.01 billion a year ago. That beat Wall Street expectations of 16 cents EPS on $2.11 billion revenue.

News Corp reported better-than-expected quarterly earnings, driven by growth in its digital real estate, Dow Jones and book publishing divisions.…

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