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NEWS CORPORATION - 2018 3RD Quarter

“We finished the fiscal third quarter with strong revenue growth, led by outstanding performances at our Digital Real Estate Services and Book Publishing segments. Revenues this quarter improved by 6 percent and are up 4 percent for the first nine months of this fiscal year." Chief Executive Robert Thomson

Fiscal 2018 Third Quarter Key Financial Highlights


Revenues of $2.10 billion, a 6% increase compared to $1.98 billion in the prior year, with growth in every segment

Net loss was ($1.1) billion compared to nil in the prior year. The loss includes non-cash impairment charges and write-downs of $1.2 billion

Total Segment EBITDA was $182 million compared to $215 million in the prior year

Reported EPS were ($1.94) compared to ($0.01) in the prior year – Adjusted EPS were $0.06 compared to $0.07 in the prior year

Digital Real Estate Services segment revenues grew 27%, benefiting from product innovation and improved yield at both REA Group and realtor.com®

Digital revenues represented 29% of News and Information Services segment revenues, compared to 24% in the prior year, reflecting strong paid digital subscriber growth at mastheads

Completed the transaction to combine Foxtel and FOX SPORTS Australia in April 2018, with the Company holding 65% of the combined company


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COMMENTS

REUTERS: News Corp revenue beats as digital push pays off
https://www.reuters.com/article/us-news-corp-results/news-corp-revenue-beats-as-digital-push-pays-off-idUSKBN1IB2X4


CHANNEL NEWS ASIA: News Corp reports loss on writedowns, weakness in newspapers
https://www.channelnewsasia.com/news/business/news-corp-reports-loss-on-writedowns-weakness-in-newspapers-10223422
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