News Corp profits spike nearly 30% in fourth – Business News
News Corp – guardian company of The Post – reported Tuesday that quarterly profits soared 28% and income ticked up 1%, beating Wall Street’s expectations.
Net income from persevering with operations for the fourth quarter was $86 million, in comparison with $67 million in the prior yr period, the company stated. Revenues rose to $2.11 billion, in comparison with $2.09 billion in the prior yr period, and topped estimates of $2.1 billion, in keeping with knowledge compiled by LSEG.
The New York-based media giant’s earnings had been boosted by greater circulation and subscription revenues at its Dow Jones division, which incorporates The Wall Street Journal, Barron’s, MarketWatch and Investor’s Business Daily.
News Corp’s earnings had been boosted by greater circulation and subscription revenues at its Dow Jones division, which incorporates The Wall Street Journal, Barron’s, MarketWatch and Investor’s Business Daily. REUTERS
For the 2025 fiscal yr, which ended in July, profits skyrocketed 71%, to $648 million from $379 million the earlier yr. Revenues for the complete yr elevated 2%, to $8.45 billion, in comparison with $8.25 billion in the prior yr.
“These robust results have enhanced our financial position and thus our ability to return capital to shareholders,” News Corp CEO Robert Thomson stated.
News Corp’s board of administrators final month licensed a new $1 billion stock repurchase program, in addition to the roughly $300 million remaining from the earlier $1 billion program licensed 4 years in the past.
“We expect to begin executing repurchases at an accelerated rate shortly after the release of these results,” Thomson stated. “This significantly larger total and significantly faster tempo emphasize our belief in the Company’s financial strength.”
The sturdy earnings report comes a day after The Post introduced plans to broaden to the West Coast with the launch of The California Post in early 2026.
The sturdy earnings report comes a day after The Post introduced plans to broaden to the West Coast with the launch of The California Post in early 2026.
Thomson made a pointed call for the industry to “cherish the value of intellectual property” amid the looming risk posed by artificial intelligence.
“Much is made of the competition with China, but America’s advantage is ingenuity and creativity, not bits and bytes, not watts but wit. To undermine that comparative advantage by stripping away IP rights is to vandalize our virtuosity.” he stated.
“Even the President of the United States is not immune to this blatant theft. The President’s books are still reporting healthy sales, but are being consumed by AI engines which profit from his thoughts by cannibalizing his concepts, thus undermining future sales of his books. Suddenly, ‘The Art of the Deal’ has become ‘The Art of the Steal.’”
