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News Corp FISCAL 2022 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS ● NEWS CORPORATION REPORTS FIRST QUARTER RESULTS FOR FISCAL 2022 ● Revenues were $ 2.50 billion , an 18 % increase compared to $ 2.12 billion in the prior year , driven by growth across key segments Net income of $ 267 million compared to $ 47 million in the prior year Total Segment EBITDA was $ 410 million compared to $ 268 million in the prior year Reported EPS were $ 0.33 compared to $ 0.06 in the prior year - Adjusted EPS were $ 0.23 compared to $ 0.08 in the prior year Digital Real Estate Services segment revenues grew 47 % , driven primarily by strong yield and demand at both REA Group and Move , operator of realtor.com® Dow Jones saw its highest first quarter revenue and profitability since its acquisition Book Publishing segment revenues grew 19 % , benefiting from the HMH acquisition and continued strong consumption patterns Subscription Video Services Segment EBITDA grew 46 % as Foxtel's streaming products reached approximately 2.1 million paid subscribers , up 69 % compared to the prior year News Media segment revenues grew 18 % , benefiting from the rebound in the advertising market , strong digital subscriber gains and new content licensing revenues from recent news payment agreements with major tech platforms Announced a $ 1 billion stock repurchase program and the termination of the Stockholder Rights Agreement NEW YORK , NY - November 4 , 2021 | - News Corporation ( " News Corp " or the " Company " ) ( Nasdaq : NWS , NWSA ; ASX : NWS , NWSLV ) today reported financial results for the three months ended September 30 , 2021 . Commenting on the results , Chief Executive Robert Thomson said : " I am pleased to report that the first quarter of Fiscal 2022 was the most profitable of its kind since the re - launch of News Corp in 2013 , building on the trends evident in the last financial year . Revenues for the quarter were $ 2.5 billion , an increase of 18 percent , while our profitability rose by a hefty 53 percent . Dow Jones achieved stronger profitability than any first quarter in its 140 - year history . We look forward to completing the acquisition of OPIS , which will enhance our fast - growing professional information business . Recent events have highlighted the importance of intelligence about energy and carbon markets , and we fully expect to emerge as a world leader in that area . Digital Real Estate Services was again a source of express growth , with both REA Group and Move benefiting from robust yield growth , increased audience and expansion into adjacencies . HarperCollins is thriving , driven by strong sales and the successful integration of HMH . News Media was an especially notable contributor to profitability this quarter , thanks to significant digital advertising growth and our groundbreaking agreements with Google and Facebook . We are primed to capitalize on the patent success of the Foxtel streaming strategy , which was highlighted during the Foxtel Strategy Day , and are reviewing potential permutations to maximize shareholder value and growth . It's worth noting that Subscription Video Services Segment EBITDA rose an impressive 46 percent in the first quarter . Following Board approval of a $ 1 billion stock repurchase program , we expect to begin executing on that program after our quiet period ends next week . These strong results underpin our confidence , our resilience , our ability to generate cash for our investors , and our potential for continued growth . " 1