News Corp: beats consensus in Q1
(CercleFinance.com) - On Wednesday evening News Corp.
posted Q1 net profit that is up 47% at 128 million dollars, or 17 cents per share, meaning EPS that is 12 cents above the consensus.
The media group increased its EBITDA by 44% to 358 million dollars, on sales that are up 23% at 2.52 billion dollars, thanks to the integration of Foxtel as well as the growth of its book publishing business and digital real estate services.
The group also highlights vigorous growth in pay digital subscribers to The Wall Street Journal, The Times, The Sunday Times and The Australian, representing over half of its total subscriber base.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
posted Q1 net profit that is up 47% at 128 million dollars, or 17 cents per share, meaning EPS that is 12 cents above the consensus.
The media group increased its EBITDA by 44% to 358 million dollars, on sales that are up 23% at 2.52 billion dollars, thanks to the integration of Foxtel as well as the growth of its book publishing business and digital real estate services.
The group also highlights vigorous growth in pay digital subscribers to The Wall Street Journal, The Times, The Sunday Times and The Australian, representing over half of its total subscriber base.
Copyright (c) 2018 CercleFinance.com. All rights reserved.