News Corp (NWSA) Misses Q2 EPS by 7c

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News Corporation Reports Second Quarter Results for Fiscal 2023

February 9, 2023 4:15 PM EST

FISCAL 2023 SECOND QUARTER KEY FINANCIAL HIGHLIGHTS

Revenues in the quarter were $2.52 billion, a 7% decrease compared to $2.72 billion in the prior year, reflecting a $171 million, or 6%, negative impact from foreign currency fluctuations. Adjusted Revenues decreased 3% Net income in the quarter was $94 million compared to $262 million in the prior year Total Segment EBITDA in the quarter was $409 million compared to $586 million in the prior year In the quarter, reported EPS were $0.12 compared to $0.40 in the prior year Adjusted EPS were $0.14 compared to $0.44 in the prior year At the Dow... More