News Corporation (ASX:NWS) has announced impressive financial results for the first quarter of Fiscal Year 2025. The company reported record first-quarter revenues of $2.58 billion, marking a 3% increase from the previous year. Net income surged by 148% to $144 million, and Total Segment EBITDA increased by 14% to $415 million.
News Corporation reported a strong start to Fiscal Year 2025, with record revenue and significant net income growth. Key segments driving this performance include Digital Real Estate Services, Book Publishing, and Dow Jones. Despite challenges in the News Media segment, the company's digital and premium content strategies are yielding positive results. News Corp is actively pursuing legal actions against AI companies misusing its journalism and is reviewing strategic options for the Foxtel Group. The company also highlighted improvements in cash flow and a focus on financial management to support future growth. Looking ahead, News Corp aims to continue leveraging digital transformation and strategic initiatives to maintain its growth trajectory.
The transformation of News Corp is clear in our first quarter results, with both record revenues and segment EBITDA. We are seeing the benefits of our digital strategy and the resilience of our premium content businesses, even as we address the challenges of the evolving media landscape.