{"id":317352,"date":"2021-08-06T18:58:26","date_gmt":"2021-08-06T15:58:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/news-corp-shares-rise-on-narrowed-loss-as-revenue-jumps-30-percent\/"},"modified":"2021-08-06T18:58:26","modified_gmt":"2021-08-06T15:58:26","slug":"news-corp-shares-rise-on-narrowed-loss-as-revenue-jumps-30-percent","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/news-corp-shares-rise-on-narrowed-loss-as-revenue-jumps-30-percent\/","title":{"rendered":"#News Corp. shares rise on narrowed loss as revenue jumps 30 percent"},"content":{"rendered":"

“#News<\/a> Corp. shares rise on narrowed loss as revenue jumps 30 percent<\/strong>”<\/p>\n

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News Corp. said its quarterly revenue jumped 30 percent, driven by growth in its digital real-estate, book-publishing and newspaper divisions.<\/p>\n

Shares of the media<\/a> giant, whose properties include The New York Post, The Wall Street Journal and HarperCollins, surged as much as 6 percent in early trading on Friday.<\/p>\n

The shares recently changed hands at $25.08, up 1 percent.<\/p>\n

For the period ended June 30, the New York-based company said late Thursday it narrowed its net loss to $14 million, or 2 cents a share,\u00a0from the year-ago period $397 million, or 67 cents a share.<\/p>\n

Adjusted EPS totaled 16 cents a share. Revenue jumped 30 percent to $2.49 billion from $1.92 billion. Analysts predicted EPS of 3 cents on revenue of $2.21 billion.<\/p>\n

News Corp.\u2019s news media segment, which includes the New York Post and the London Sun, reported a 21 percent jump in revenue to $595 million.<\/p>\n

Meanwhile, the book-publishing division also saw a 21 percent revenue gain to $493 million, thanks to sales of the \u201cBridgerton\u201d series<\/a> of books by Julia Quinn and \u201cThe Women of the Bible Speak\u201d by Shannon Bream.<\/p>\n

\"News
News Corp. narrowed its fourth-quarter loss, thanks in part to a recovery in the advertising market. <\/figcaption>
Alamy Stock Photo<\/span><\/figcaption><\/figure>\n

Revenue at Dow Jones, which publishes the Wall Street Journal and Barron\u2019s, rose 18 percent to $449 million, driven by a 45 percent gain in advertising sales as the easing of the pandemic encouraged marketers to spend more. Strong circulation and subscript<\/a>ion sales, as well as the company\u2019s acquisition of Investor\u2019s Business Daily, also bolstered revenue.\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. shares rise on narrowed loss as revenue jumps 30 percent” News Corp. said its quarterly revenue jumped 30 percent, driven by growth in its digital real-estate, book-publishing and newspaper divisions. Shares of the media giant, whose properties include The New York Post, The Wall Street Journal and HarperCollins, surged as much as 6…<\/p>\n","protected":false},"author":1,"featured_media":317353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/newscorp-q4-02.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[113541,70237,73854,78965,70506,78966,4946,70507],"class_list":["post-317352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-6-21","tag-corporate-earnings","tag-digital-publishing","tag-dow-jones","tag-new-york-post","tag-news-corp","tag-newspapers","tag-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/317352","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=317352"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/317352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/317353"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=317352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=317352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=317352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}