News Corp Surpasses Expectations in Third Quarter, Fueled by Digital Growth
May 9, 2025 - 05:25
News Corp has reported impressive results for its third quarter, exceeding Wall Street's expectations for both revenue and profit. This success is largely attributed to the strong performance of its Dow Jones division and the expansion of its online real estate services. Following the announcement, the company's shares saw an uptick of approximately 3% in after-hours trading.
In a bid to stay competitive in a rapidly changing media landscape, News Corp has strategically shifted its focus towards digital and subscription-based models. Chief Executive Officer Robert Thomson emphasized the company's commitment to digital growth, stating, "We have pursued digital growth, realigned our assets, focused relentlessly on cost discipline, and asserted the essential value of our intellectual property in a changing, challenging content world." This proactive approach highlights the company's adaptability and commitment to leveraging its resources effectively in the face of evolving consumer habits and technological advancements.
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