News Corp revenues rise with business ‘vigorously pursuing digitisation’, Foxtel revenue drops
News Corporation’s financial results for the quarter ending March saw the global company post revenues of US$2.34 billion, a 3% increase year-on-year.
Meanwhile, net income was US$96 million, compared to a net loss of US$1 billion the prior year, and Total Segment EBITDA rose from US$242 million to US$298 million.
The results saw chief executive Robert Thomson declare that “the financial year is on trajectory to be the most profitable since our reincarnation in 2013.
