News Corp. can be scheduled to report fiscal first-quarter earnings after the market close on Wednesday.
Here’s what Wall Street expects, based on a survey of analysts by Refinitiv:
- Earnings: 4 cents per share
- Revenue: $2.54 billion
News Corp. owns several publishing brands including The Wall Street Journal publisher Dow Jones, completely new York Post along with also HarperCollins. Media mogul Rupert Murdoch serves as co-chairman of the company along with his son Lachlan.
Revenue growth at News Corp. has been driven by digital subscriptions as advertising revenue continues to decline. Last quarter, digital subscribers accounted for 53 percent of overall subscription revenue at Dow Jones, which publishes Barron’s along with also MarketWatch along with the Journal.
Earlier This specific year, The Wall Street Journal website implemented a paywall powered by artificial intelligence, which determines how likely visitors are to subscribe along with also restricts content accordingly.
News Corp. also incorporates a large online real estate business in its subsidiary Move, which owns Realtor.com. In August, News Corp. announced which might acquire Austin-based real estate startup Opcity for $210 million. The acquisition was completed earlier This specific month.
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