News Corp (NWSA) Tops Q3 EPS by 4c

May 6, 2021 6:22 PM EDT
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News Corp (NASDAQ: NWSA) reported Q3 EPS of $0.09, $0.04 better than the analyst estimate of $0.05. Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.2 billion.

  • Revenues were $2.34 billion, a 3% increase compared to $2.27 billion in the prior year, driven by the continued strong momentum across our key growth pillars
  • Net income of $96 million compared to a net loss of $(1) billion in the prior year, which included non-cash impairment charges of $1.1 billion
  • Total Segment EBITDA was $298 million compared to $242 million in the prior year
  • Reported EPS were $0.13 compared to $(1.24) in the prior year – Adjusted EPS were $0.09 compared to $0.03 in the prior year
  • Move, operator of®, reported 37% revenue growth, with traffic reaching a record 108 million unique users in March, and was again a key driver of Segment EBITDA growth at the Digital Real Estate Services segment
  • Dow Jones Segment EBITDA increased 61%, with another strong increase in digital advertising revenues, record digital subscriptions, and continued robust growth at Risk & Compliance
  • Book Publishing Segment EBITDA increased 45%, benefiting from the success of numerous backlist titles, including the Bridgerton series
  • Reached multi-year partnership agreements with Google and Facebook for news content
  • Recently completed the acquisition of Investor’s Business Daily and announced the planned acquisitions of Houghton Mifflin Harcourt’s Books and Media segment and Mortgage Choice

For earnings history and earnings-related data on News Corp (NWSA) click here.

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