News Corporation reported its financial results for the third quarter and nine months ended March 31, 2025, revealing a total revenue of $2.009 billion for the quarter, a 1% increase from $1.994 billion in the same period last year. For the nine months, revenues rose by 3% to $6.343 billion compared to $6.160 billion in the prior year. The company’s net income for the quarter surged to $137 million, a significant increase from $42 million in the previous year, while net income for the nine months reached $564 million, up from $283 million.
The company experienced notable changes in its revenue streams, with circulation and subscription revenues increasing by 3% for the quarter and 3% for the nine months, driven by higher digital subscriptions. However, advertising revenues declined by 5% for the quarter and 3% for the nine months, primarily due to lower print advertising. The Digital Real Estate Services segment saw a 5% revenue increase for the quarter, attributed to higher Australian residential revenues, while the Book Publishing segment also reported a 2% increase, bolstered by the acquisition of a German publisher.
In terms of operational developments, News Corporation completed the sale of its Foxtel Group to DAZN Group Limited on April 2, 2025, which has been classified as a discontinued operation. This strategic move is expected to have a significant impact on the company’s future operations and financial results. The company also reported a decrease in operating expenses by 4% for the quarter and 2% for the nine months, largely due to cost-saving initiatives in the News Media segment.
As of March 31, 2025, News Corporation's total assets stood at $16.580 billion, a slight decrease from $16.684 billion at the end of the previous fiscal year. The company maintained a strong liquidity position with cash and cash equivalents of $2.095 billion. Looking ahead, News Corporation anticipates continued growth in its digital segments and is focused on managing costs effectively while navigating the challenges posed by market conditions and economic uncertainties.
About NEWS CORP
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