News Corp. Q3 Net Income Falls 29% As News Media Advertising Revenue Declines [Yahoo! Finance]
News Corporation - Class B (NWS)
US:NASDAQ Investor Relations:
investors.newscorp.com/investor-relations
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Source: Yahoo! Finance
advertising revenues in the news media segment, lower book sales, and a challenging housing market. Here are the top-line results: Net income: $42 million, a 29% drop compared to $59 million in 2022 Revenue: $2.42 billion vs. $2.48 billion estimated by Zacks Analysts and an adjusted 11 cents per share vs. 10 cents estimated by Zacks Subscriptions: 322,000 net additional digital subscriptions for Dow Jones, reaching over 5 million digital subscriptions in the quarter, a 17% increase year-over-year Total average subscriptions to Dow Jones products were over 5.7 million, a 12% increase compared to 2023. The Wall Street Journal's total subscriptions grew 8% year-over-year, to over 4.2 million average subscriptions in the quarter, while digital-only subscriptions grew 13% to 3.7 million. While subscriptions continue to climb in the Dow Jones segment, the Wall Street Journal specifically, advertising revenues decreased $28 million, or 13% compared to 2023. The company attributed
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