Earnings release
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News Corp NEWS CORPORATION REPORTS THIRD QUARTER RESULTS FOR FISCAL 2021 FISCAL 2021 THIRD QUARTER KEY FINANCIAL HIGHLIGHTS ● Revenues were $ 2.34 billion , a 3 % increase compared to $ 2.27 billion in the prior year , driven by the continued strong momentum across our key growth pillars Net income of $ 96 million compared to a net loss of $ ( 1 ) billion in the prior year , which included non - cash impairment charges of $ 1.1 billion Total Segment EBITDA was $ 298 million compared to $ 242 million in the prior year Reported EPS were $ 0.13 compared to $ ( 1.24 ) in the prior year - Adjusted EPS were $ 0.09 compared to $ 0.03 in the prior year Move , operator of realtor.com® , reported 37 % revenue growth , with traffic reaching a record 108 million unique users in March , and was again a key driver of Segment EBITDA growth at the Digital Real Estate Services segment Dow Jones Segment EBITDA increased 61 % , with another strong increase in digital advertising revenues , record digital subscriptions , and continued robust growth at Risk & Compliance Book Publishing Segment EBITDA increased 45 % , benefiting from the success of numerous backlist titles , including the Bridgerton series Reached multi - year partnership agreements with Google and Facebook for news content Recently completed the acquisition of Investor's Business Daily and announced the planned acquisitions of Houghton Mifflin Harcourt's Books and Media segment and Mortgage Choice NEW YORK , NY - May 6 , 2021 News Corporation ( " News Corp " or the " Company " ) ( Nasdaq : NWS , NWSA ; ASX : NWS , NWSLV ) today reported financial results for the three months ended March 31 , 2021 . Commenting on the results , Chief Executive Robert Thomson said : " The financial year is on a trajectory to be the most profitable since our reincarnation in 2013. This highlights the transformed character of the Company , with improved revenue performance and a 23 percent increase in profitability in the third quarter . The results vindicate the strategy of simplifying the asset mix , vigorously pursuing digitization , slimming the cost base , and investing in three growth areas - Digital Real Estate Services , Dow Jones and Book Publishing - which collectively generated 55 percent Segment EBITDA growth in the third quarter . - Move , operator of realtor.com® , flourished , with 37 percent revenue growth , and more than 100 million unique users in March , a 60 percent increase on a year earlier . At Dow Jones , digital revenues reached 74 percent of the total , with digital advertising growing by a robust 30 percent and The Wall Street Journal subscriptions setting record after record . And at Book Publishing , revenues rose 19 percent , thanks to a valuable backlist and faster digital growth . Foxtel's resurgence during the pandemic reflected the enduring value of its broadcast offering , the rapid growth of streaming services , and a relentless focus on costs , all which contributed to a 34 percent surge in Segment EBITDA . We have reached historic deals with Google and Facebook , and continue our international campaign to reset the terms of trade for premium journalism . The cooperation in recent weeks with the Google team has certainly been productive and we look forward to further engagement with Facebook . These landmark agreements have meaningfully and materially changed the media landscape . 1