Overview
- News Corp reported third-quarter revenue of $2.19 billion, up 9% year over year and above the $2.11 billion analysts expected.
- Profit improved as net income rose to $121 million, a 13% increase, and adjusted earnings per share reached 21 cents, edging past the 20-cent forecast.
- Dow Jones, which includes the Wall Street Journal, Barron's and MarketWatch, grew revenue 8% to $619 million.
- Digital real-estate services climbed 17% to $473 million and book publisher HarperCollins rose 8% to $555 million, highlighting broad-based gains.
- CEO Robert Thomson touted AI content licensing deals with Meta and OpenAI and said talks with other firms are underway, while vowing action against companies that scrape and resell the company’s content.