News Corp's Q1 FY25 financial performance

News Corporation (ASX:NWS, NWSLV) has announced its financial results for the first quarter of Fiscal 2025, highlighting a 3% revenue increase to $2.58 billion, the highest since its corporate separation. The company also reported a net income rise to $144 million, a 148% increase from the previous year. This announcement comes amid leadership changes, with Lavanya Chandrashekar set to become the new Chief Financial Officer.

Strategic outlook and future plans for News Corp

News Corporation has reported strong financial results for Q1 FY25 with a 3% increase in revenues and a substantial rise in net income. The company is undergoing leadership changes, with Lavanya Chandrashekar set to replace Susan Panuccio as CFO. The growth was driven by segments like Digital Real Estate Services and Book Publishing. News Corp is focusing on digital transformation, trusted journalism, and legal actions against AI misuse. They are also reviewing strategic options for the Foxtel Group. The company remains committed to digital and subscription-based models, enhancing partnerships like with OpenAI to uphold journalistic integrity.

Executive insights on financial results and leadership changes

We are pleased with the progress we have made in the first quarter, delivering record revenue performance and significant net income growth. The leadership transition with Lavanya Chandrashekar joining as CFO is a testament to our commitment to maintaining a robust financial strategy. We are grateful for Susan Panuccio's contributions and look forward to her continued guidance as a senior advisor.