News Corp beats quarterly earnings expectations, driven by Dow Jones, real estate units

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The parent company of The Post, News Corp, announced better-than-expected quarterly earnings on Thursday. The growth was primarily driven by its Dow Jones, digital real estate, and book publishing divisions.

News Corp, based in New York, reported $121 million from continuing operations, or 16 cents per share, up from $107 million, or 14 cents, in the previous year. Adjusted earnings per share were 21 cents.

In the third quarter, revenue increased by 9% to $2.19 billion, compared to $2.01 billion a year ago. This surpassed Wall Street’s expectations of 16 cents EPS on $2.11 billion revenue.

News Corp reported better-than-expected quarterly earnings, driven by growth in its digital real estate, Dow Jones, and book publishing divisions. Getty Images

CEO of News Corp, Robert Thomson, expressed satisfaction with the results and mentioned the company’s transformation and core growth engines. He emphasized the robustness of their business and their strong fiscal finish expectations.

In the quarter, the financial results of News Corp were fueled by an increase in revenue at its Dow Jones unit, real estate division, and book publishing sector.

Thomson highlighted News Corp’s artificial intelligence partnerships and recent deals with Meta and OpenAI, aiming to enhance revenue and profitability.