News corp back in profit with digital growth

Company News

by Rachael Jones

News corp (ASX:NWS) reported 2019 full year total revenues of $10.07 billion, a 12 per cent increase compared to $9.02 billion in the prior year period.

This reflects the impact from the consolidation of Foxtel’s results after Foxtel and FOX SPORTS Australia combined in the fourth quarter of financial year 2018 and growth in the Digital Real Estate Services segment.

The report a net income of $228 million compared to a net loss of $1.44 billion in the prior year.

Diluted net income per share available to News Corporation stockholders was $0.26 as compared to net loss per share of $2.60 in the prior year.

Adjusted EPS were $0.46 compared to $0.44 in the prior year.

Shares in News corp (ASX:NWS) are trading 0.25 per cent lower at $19.60.

 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.