News Corp revenue rises on real estate and publishing growth
Added 05-06-21 09:04:02pm EST - “News Corp reported 3% revenue growth for the quarter that ended in March, driven by positive foreign-exchange fluctuations plus solid growth at the company's digital real estate, book publishing and Dow Jones units.” - Foxbusiness.com
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News Corp reported 3% revenue growth for the quarter that ended in March, driven by positive foreign-exchange fluctuations plus solid growth at the company’s digital real estate, book publishing and Dow Jones units.
The New York-based media company, whose holdings include The Wall Street Journal and HarperCollins Publishers, swung to a profit of $79 million, or 13 cents a share, compared with a loss of $730 million, or $1.24 per share, in the year-earlier quarter, when the company took a big noncash impairment charge.
News Corp’s total revenue rose to $2.34 billion in the quarter, up from $2.27 billion a year earlier. Growth was partially offset by weakness in print advertising and the loss of contributions from the coupon-publishing unit the company sold last year.
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