News Corp (NWSA) Tops Q1 EPS by 13c

News Corp (NASDAQ: NWSA) reported Q1 EPS of $0.17, $0.13 better than the analyst estimate of $0.04. Revenue for the quarter came in at $2.52 billion versus the consensus estimate of $2.54 billion.

• Revenues of $2.52 billion, a 23% increase compared to $2.06 billion in the prior year, reflecting the consolidation of Foxtel and continued strength at the Digital Real Estate Services and Book Publishing segments
• Net income was $128 million compared to $87 million in the prior year
• Total Segment EBITDA was $358 million compared to $248 million in the prior year
• Reported EPS were $0.17 compared to $0.12 in the prior year – Adjusted EPS were $0.17 compared to $0.07 in the prior year
• Strong paid digital subscriber growth at The Wall Street Journal, The Times and Sunday Times and The Australian with digital subscribers accounting for more than half of total subscriber base
• In October 2018, the Company completed the acquisition of Opcity, a market-leading real estate technology platform, which will enhance realtor.com®’s lead generation offerings

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

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