Quarterly ResultNov 4, 2026, 04:25 PM
News Corp Q1 Rev Up 6% to $2.28B; Net Income Jumps 43% to $215M
AI Summary
News Corp reported a strong first quarter for fiscal year 2027, with revenues up 6% to $2.28 billion and net income increasing 43% to $215 million. The growth was primarily driven by the Digital Real Estate Services, Book Publishing, and Dow Jones segments. Total Segment EBITDA also saw a significant 19% increase to $403 million. Despite positive revenue and profit growth, free cash flow turned negative at $(89) million due to working capital movements and increased capital expenditures.
Key Highlights
- News Corp Q1 FY27 revenues increased 6% to $2.28 billion, driven by Digital Real Estate Services, Book Publishing, and Dow Jones.
- Net income surged 43% to $215 million, with EPS at $0.29 (reported) and $0.28 (adjusted).
- Total Segment EBITDA grew 19% to $403 million.
- Dow Jones segment revenues rose 8% to $630 million, with digital subscriptions up 10%.
- Digital Real Estate Services revenues increased 10% to $529 million, with REA Group up 13% and Move up 5%.
- Book Publishing revenues grew 9% to $582 million, driven by strong physical and digital sales.
- News Media revenues decreased 1% to $540 million.
- Free cash flow was negative $89 million for the quarter, compared to $4 million in the prior year.
Price Impact
More from NWSA