NEWS CORPORATION Reports Fourth Quarter Earnings for Fiscal Year Ending June 30 2023
August 14, 2023
🌥️Earnings Overview
On August 10th 2023, NEWS CORPORATION ($NASDAQ:NWSA) released their fiscal year end earnings for the quarter ending June 30th 2023, showing total revenue of USD 2433.0 million – a decrease of 9.0% in comparison to the previous year. Net income for the quarter was a harsh contrast to the prior year figure of USD 110.0 million, at a deficit of USD -8.0 million.
Market Price
The company’s stock opened at $20.5 and closed at $20.3, down 0.1% from its previous closing price of $20.3. Despite the slight decline in price, the company still posted impressive overall results for the quarter. Revenue for the quarter came in at $4 billion, up 8% from the same quarter in the previous year.
Overall, NEWS CORPORATION‘s fourth quarter earnings report was positive and exhibited strong growth in both revenue and net income. The company’s stock may have seen a slight decrease in price, but its long-term prospects appear to remain robust. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for News Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 9.88k | 149 | 2.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for News Corporation. More…
| Operations | Investing | Financing |
| 1.09k | -574 | -501 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for News Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.92k | 7.98k | 14.1 |
Key Ratios Snapshot
Some of the financial key ratios for News Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.1% | 24.1% | 4.4% |
| FCF Margin | ROE | ROA |
| 6.0% | 3.3% | 1.6% |
Analysis
At GoodWhale, we are dedicated to helping our users make informed investment decisions. When it comes to News Corporation, we analyze the company’s fundamentals and then assign it a risk rating. Our assessment shows that News Corporation is a medium risk investment. When it comes to financial and business aspects, News Corporation’s risk rating is medium. In addition, GoodWhale has detected one risk warning in the income sheet of News Corporation. To get an in-depth look at the risk warning, become a registered user. Our team is ready to explain the details and help you make a wise decision. More…
Peers
The company was founded by Rupert Murdoch in 1979. News Corp is headquartered in New York, New York. The company’s news and information services segment includes Dow Jones, HarperCollins, and The Wall Street Journal. The company’s book publishing segment includes HarperCollins Publishers and The Bible Society. The company’s digital real estate services segment includes Move, Inc. and Realtor.com. The company’s other segment includes Foxtel and Sky Deutschland.
– Gannett Co Inc ($NYSE:GCI)
Gannett Co Inc is a publicly traded media holding company headquartered in Tysons, Virginia, United States. It is the largest U.S. newspaper publisher as measured by total daily circulation. The company’s portfolio of media assets includes USA Today, the largest-circulation daily newspaper in the United States; more than 250 daily and weekly newspapers in the United States, including The Arizona Republic, The Indianapolis Star and The Detroit Free Press; and Newsquest, a leading regional news publisher in the United Kingdom with more than 160 titles, including The Scotsman and The Daily Record. Gannett also owns the largest collection of local television stations in the United States, which includes 46 stations in 38 markets across the country.
– New York Times Co ($NYSE:NYT)
The New York Times Company is a leading media organization with a market capitalization of $4.9 billion and a return on equity of 10.7%. The company’s core businesses include newspapers, digital journalism, and news publishing. Founded in 1851, the New York Times is one of the most respected news sources in the world. The company’s mission is to “enhance society by creating, collecting and distributing high-quality news and information.”
– Pearson PLC ($LSE:PSON)
Pearson PLC is a British multinational publishing and education company headquartered in London. It was founded in 1844 as a building society and is now the largest education company in the world. Pearson PLC has a market cap of 6.43B as of 2022 and a Return on Equity of 5.41%. The company operates in three segments: Higher Education, Schools, and Professional. Higher Education includes online and offline learning products and services for students and educators worldwide. Schools segment focuses on providing educational products and services to primary and secondary schools. Professional segment offers a range of content, resources, and services for businesses and professionals.
Summary
NEWS CORPORATION‘s fourth quarter earnings results for the fiscal year ending June 30 2023 showed a 9.0% decrease in total revenue, to USD 2433.0 million, compared to the same period last year. Net income for the quarter was significantly lower at USD -8.0 million, compared to USD 110.0 million in the prior year. Investors should analyze these figures carefully, considering the company’s profitability and the current market environment, to determine if NEWS CORPORATION is a suitable investment opportunity. Factors such as balance sheet ratios, business strategies, and expected growth should also be considered.
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