News Corp (NWSA) Misses Q3 EPS by 1c

News Corp (NASDAQ: NWSA) reported Q3 EPS of $0.06, $0.01 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $1.99 billion.

• 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

For earnings history and earnings-related data on News Corp (NWSA) click here.

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