Media conglomerate News Corp beat Wall Street estimates for first-quarter revenue on Thursday, driven by growth at its Dow Jones and digital real estate services segments.
Robert Thomson, CEO of Rupert Murdoch's News Corp., which was sued by Donald Trump last month over a Wall Street Journal story about his ties with Jeffrey Epstein, hit back at Trump on different grounds.
Thomson has pursued digital growth and focused the company on core areas of news, book publishing and digital real estate.
News Corporation (NASDAQ:NWSA ) Q3 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Michael Florin - Senior Vice President and Head, Investor Relations Robert Thomson - Chief Executive Officer Lavanya Chandrashekar - Chief Financial Officer Conference Call Participants Kane Hannan - Goldman Sachs Entcho Raykovski - Evans & Partners David Joyce - Seaport Research Frank Huber - Huber Research Alan Gould - Loop Capital Evan Karatzas - UBS Operator Welcome to the News Corp's Third Quarter Fiscal 2025 Earnings Conference Call. Today's conference is being recorded.
News Corp. CEO Robert Thomson kicked off the company's third quarter earnings call with a few words about Donald Trump's Liberation Day tariffs, offering a bit of a cheeky take on the across-the-board levies that have sent markets gyrating.
Rupert Murdoch's News Corp on Wednesday said it completed the sale of its Australian cable-TV business Foxtel to British-owned sports network DAZN in a A$3.4 billion ($2.14 billion) deal.
News Corporation's Q2 2025 results exceeded expectations, with revenue rising 4.8% to $2.24 billion and earnings per share increasing to $0.40, driving stock gains. Key growth areas included the Dow Jones segment, Digital Real Estate Services, and Book Publishing, while the News Media segment saw a slight revenue decline. The sale of Foxtel Group to DAZN and partnerships with Microsoft and OpenAI highlight strategic moves to monetize assets and leverage content libraries.
Sports streaming platform DAZN has agreed to buy News Corp's Australian cable TV unit Foxtel for A$3.4 billion ($2 billion) including debt.
Rupert Murdoch's News Corp said on Monday it would sell its Australian cable TV and streaming unit Foxtel to British over-the-top sports streaming and entertainment platform, DAZN for A$3.4 billion ($2.13 billion), including debt.
News Corp. has defeated a shareholder proposal to adopt a recapitalization plan to eliminate News Corp's dual-class capital structure that includes regular shares and super-voting share, most of which are owned by the Murdoch family.
Activist investor Starboard Value had challenged ownership structure, as Murdoch family controls 41% of company votes
News Corp said on Wednesday that investors rejected a proposal by activist investor Starboard Value to break the Murdoch family's grip on the publisher by ending a dual class voting structure.