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#Quarterly & FY23 Result
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Added 9 months ago

Q4 2023 financial highlights:

  • Revenues at $2.43B, down 9% from $2.67B last year.
  • Net loss of $(32)M, impacted by higher non-cash writedowns & restructuring charges.
  • Digital revenues surpassed 50% of total annual revenues.
  • Dow Jones' EBITDA up 25% QoQ, 14% YoY with robust growth in Risk & Compliance.
  • Foxtel Group's streaming revenue growth offsets broadcast declines; nearing completion of its external debt refinancing.


Full-Year Highlights:

  • Total revenues of $9.88B, down 5% from $10.39B in 2022.
  • Net income at $187M, a sharp 75% drop from $760M last year.
  • Challenges faced in Book Publishing and Digital Real Estate due to market conditions in the U.S. & Australia.
  • Dow Jones saw growth with acquisitions of OPIS & CMA.
  • Total Segment EBITDA at $1.42B, down 15% YoY.Diluted EPS at $0.26, a decrease from $1.05 in 2022.
  • Adjusted EPS stands at $0.49, compared to $1.20 last year
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#Overview
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Added 9 months ago

News Corporation is a highly profitable global media and publishing company that operates in various segments, including Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing and News Media. 

  • Digital Real Estate Services (30% by EBIT): NWS holds a 61% interest in the ASX-listed REA Group and an 80% interest in Move.
  • Dow Jones (23% by EBIT): The Company's Dow Jones segment is a global provider of news and business information, which distributes its content and data through a variety of owned and off-platform media channels including newspapers, newswires, websites, apps
  • Book Publishing (16% by EBIT): The segment consists of HarperCollins, the second-largest consumer book publisher in the world based on global revenue, with operations in 17 countries
  • News Media (11%): News Media segment consists primarily of News Corp Australia, News UK and the New York Post
  • Subscription Video Services (19% by EBIT): NWS owns a 65% interest in Foxtel is an Australian pay television company that offers a wide range of subscription-based television channels, including entertainment, sports, news, and movies.
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#Merger/Demerger
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Added one year ago

Apparently some rumours the Murhoch's want to reunited News Corp and Fox after selling the entertainment assets and now the scandals have passed from a few year ago.

Apparently a fund manager is pitching a different reorganisaiton to realise the sum of the parts - PowerPoint Presentation (businesswire.com)

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