News Corp has reported a profit for the three months
ending on Dec. 31, 2018. Net income per share available to News Corporation
stockholders was $0.16 as compared to a net loss per share of $0.14 in the
prior year. Net income was $119 million compared to a net loss of $66 million,
which included a $174 million negative impact related to the U.S. Tax Cuts and
Jobs Act in the prior year, according to the company.
The company
reported revenues of $2.63 billion, a 21 percent increase compared to $2.18
billion in the prior year, reflecting the consolidation of Foxtel and continued
strength at the book publishing and digital real estate services segments.
“News Corp
has reported increased profitability and revenue growth during the first half
of Fiscal 2019, highlighting the power of premium content and authenticated
audiences in a fact-challenged world that craves credibility,” said Chief
Executive Robert Thomson. “At News and Information Services, we saw a
continuation of positive trends in paid digital subscriptions, including
accelerating gains at The Wall Street Journal, and stronger digital advertising
revenues in both the U.S.
and Australia
Headquartered
in New York , News Corp operates primarily in
the U.S. , Australia , and the U.K. UK and News Corp Australia
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