{"id":244020,"date":"2021-05-07T02:00:59","date_gmt":"2021-05-06T23:00:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/news-corp-3q-beats-wall-street-expectations\/"},"modified":"2021-05-07T02:00:59","modified_gmt":"2021-05-06T23:00:59","slug":"news-corp-3q-beats-wall-street-expectations","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/news-corp-3q-beats-wall-street-expectations\/","title":{"rendered":"#News Corp. 3Q beats Wall Street expectations"},"content":{"rendered":"

“#News<\/a> Corp. 3Q beats Wall Street expectations<\/strong>”<\/p>\n

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News Corp. beat Wall Street\u2019s expectations for the quarter ended in March as it moved toward its most profitable year since it split off its entertainment arm in 2013. <\/p>\n

The company posted third-quarter revenues of $2.34 billion, up 3 percent jump over last year \u2014 beatings analysts\u2019 expectations for revenue of $2.19 billion. <\/p>\n

The publisher of the Wall Street Journal and the New York Post posted net income of $96 million, reversing a $1 billion net loss from a year ago tied to a $1.1 billion impairment charge. Adjusted earnings per share rose to 9 cents from 3 cents. Wall Street had been expecting 6 cents. <\/p>\n

\u201cIn the UK, circulation revenues increased, while the NY Post continued revenue growth driven by strong growth in digital advertising,\u201d CEO Robert Thomson told analysts on an earnings call. <\/p>\n

\"The
News Corp. revenues jumped 3 percent from last year.<\/figcaption>
Getty Images<\/span><\/figcaption><\/figure>\n

The $275 million acquisition of Investors Business Daily from O\u2019Neil Capital Management announced last month has been finalized, the company said. The operation will continue to be based in Los Angeles, operated by Dow Jones. <\/p>\n

The acquisition of the consumer books division of Houghton Mifflin Harcourt is still pending. <\/p>\n

The company also said it completed \u201clandmark\u201d revenue-sharing agreements with Google and Facebook<\/a>, although the details are still being hammered out. <\/p>\n

And it successfully wrapp<\/a>ed up its private placement bond offering, which was upped last month to $1 billion from $750 million. <\/p>\n

\u201cThe financial year is on a trajectory to be the most profitable since our reincarnation in 2013,\u201d said CEO Robert Thomson. \u201cThis highlights the transformed character of the company, with improved revenue performance and a 23 percent increase in profitability in the third quarter.\u201d<\/p>\n

He said the digital real estate services from Move, which operates of Realtor.com, grew revenue by 37 percent and boasted a 60-percent increase in users to 100 million in March. At Dow Jones, which operates the Wall Street Journal and Baron\u2019s, digital revenue made up 74 percent of the total. Harper Collins book publisher revenues rose 19 percent. <\/p>\n

The results were partially by offset lower revenues from its News Media segment, primarily driven by the sale of its coupon business News America Marketing, as well as weakness in print advertising and closure of regional and community newspapers in Australia.\n <\/p><\/div>\n

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If you want to read more News articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#News Corp. 3Q beats Wall Street expectations” News Corp. beat Wall Street\u2019s expectations for the quarter ended in March as it moved toward its most profitable year since it split off its entertainment arm in 2013. The company posted third-quarter revenues of $2.34 billion, up 3 percent jump over last year \u2014 beatings analysts\u2019 expectations…<\/p>\n","protected":false},"author":1,"featured_media":244021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/05\/news-corp-earnings-up-765.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[104691,78966,4946],"class_list":["post-244020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-6-21","tag-news-corp","tag-newspapers"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/244020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=244020"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/244020\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/244021"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=244020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=244020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=244020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}