News Corporation (ASX:NWS) report 6% decline in revenue

Company News

by Rachael Jones

News Corporation (ASX:NWS) today reported financial results for the three months ending December 31, 2019 showing a 6 per cent decline in revenues at $2.48 billion compared to $2.63 billion in the previous year.

Net income was $103 million compared to $119 million in the prior year.

Total Segment EBITDA was $355 million compared to $370 million in the prior year.

News UK saw growth in advertising revenues and contributed to strong Segment EBITDA growth at the News and Information Services segment.

Shares in News Corporation (ASX:NWS) are trading 9.47 per cent higher at $3.29.

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.