News Corp quarterly profit more than doubles, revenue climbs to beat Wall Street expectations

New York Post - May 8th, 2025

News Corp, the parent company of The Post and The Wall Street Journal, announced a significant rise in its quarterly earnings, surpassing Wall Street expectations. The media conglomerate reported a net income of $107 million, or 14 cents per share, marking an impressive increase from the previous year's $64 million, or 7 cents per share. This growth was fueled by strong performance in its digital real estate, Dow Jones, and book publishing divisions. The Dow Jones unit alone saw a 5.7% increase in revenue, largely due to improved circulation revenues. CEO Robert Thomson attributed the success to the company's strategic transformation, emphasizing their focus on digital growth and cost discipline. Additionally, the completion of the sale of News Corp's Australian cable TV business, Foxtel Group, to DAZN for $2.1 billion bolstered the company's financial position, enhancing shareholder returns.

The earnings report highlights News Corp's strategic realignment amidst a rapidly changing content landscape, where digitalization and artificial intelligence are reshaping the industry. Thomson remarked on the critical role of quality journalism in today's turbulent political and economic environment, underscoring the importance of credibility as AI technology evolves. The sale of Foxtel Group not only fortified News Corp's balance sheet but also demonstrated its commitment to maximizing shareholder value through strategic asset realignment. This development signals a broader trend in the media industry, where companies are increasingly focusing on digital innovation and asset optimization to navigate and thrive in a competitive market.

Dow Jones Artificial Intelligence Harper Collins Earnings Report News Corp Robert Thomson Digital Growth Foxtel Group Sale Strategic Transformation

Story submitted by Fairstory

RATING

7.8

Fair Story

Consider it well-founded

The article provides a comprehensive overview of News Corp's quarterly financial performance, highlighting key metrics and strategic initiatives. It excels in factual accuracy, with precise financial figures and corroborated statements from authoritative sources. The article is timely and clearly presented, making it accessible to a wide audience. However, it could benefit from greater balance by incorporating diverse perspectives and more transparency regarding potential conflicts of interest. While the article is informative for investors and industry observers, its broader public interest and engagement potential are somewhat limited by its focus on financial metrics. Overall, the article effectively communicates News Corp's financial achievements but could enhance its impact by addressing broader industry implications and potential challenges.

Accuracy

The story demonstrates a high level of factual accuracy and verifiability. Key financial figures such as the net income of $107 million, adjusted EPS of 17 cents, and revenue of $2.01 billion are consistent with the company's official earnings release. Additionally, the reported growth rates for the Dow Jones unit and real estate division align with the confirmed data, enhancing the story's precision. The article accurately quotes News Corp CEO Robert Thomson's statements about strategic transformation and the sale of the Foxtel Group, which are supported by company communications. However, the story could benefit from additional verification of Yahoo Finance's Wall Street expectations, as this detail plays a crucial role in contextualizing the company's performance.

Balance

The article presents a balanced view of News Corp's financial performance by highlighting both positive results and strategic initiatives. It emphasizes the company's growth in digital real estate, Dow Jones, and book publishing, which are significant contributors to the reported earnings. However, the story predominantly focuses on News Corp's successes without offering perspectives from analysts or critics who might provide a counterbalance. Including viewpoints on potential challenges or market risks could enhance the article's balance and provide a more comprehensive picture of the company's financial health.

Clarity

The article is well-structured and uses clear language, making it accessible to readers with varying levels of financial literacy. It logically presents financial results, strategic initiatives, and CEO statements in a coherent manner. The neutral tone contributes to the article's clarity, avoiding jargon or complex financial terminology that could hinder comprehension. However, some sections could benefit from additional context, such as explaining the significance of the Foxtel Group sale in relation to News Corp's overall strategy.

Source quality

The article relies on credible sources, primarily News Corp's official earnings release and statements from CEO Robert Thomson. These sources are authoritative and directly relevant to the company's financial performance. However, the article could improve by incorporating insights from independent financial analysts or industry experts to provide a broader context and mitigate potential biases from relying solely on company-provided information. Additionally, verifying the Wall Street expectations through a direct citation of Yahoo Finance would strengthen the source quality further.

Transparency

The article provides a clear basis for its claims, primarily drawing from News Corp's earnings release and CEO statements. It transparently reports key financial metrics and growth areas. However, the article lacks explicit disclosure of potential conflicts of interest, such as the author's relationship with News Corp or any financial incentives. Greater transparency regarding the methodology for assessing Wall Street expectations and the selection of quoted titles in the book publishing section would enhance the article's transparency.