The following is a summary of the News Corporation (NWSA) Q3 2024 Earnings Call Transcript:

Financial Performance:

• News Corp reported Q3 total revenues of over $2.4 billion, a slight decrease of 1% year-over-year.

• Increased profitability with free cash flow up by 53% to $491 million from the same period last year.

• Digital revenue now accounts for over half of the total revenues.

• Subscription Video Services revenues were $455 million, down by 5%.

• Earnings per share stood at $0.05 compared to $0.09 in the previous year.

• Digital subscriptions at Dow Jones and digital real estate services showed year-over-year growth of 17% and 15% respectively.

Business Progress:

• Extended partnership with Google and launched its first Gen AI-powered product.

• Reached an audience of over 5 million for Dow Jones brands for the first time.

• Showed progress in the digital real estate sphere, with improvements in product and user experience.

• Sold their growth strategy on product offerings and cost efficiencies to navigate inflationary pressures.

• Plan expansion of their information services businesses.

• Announced plans to digitally expand The Times of London into the US market in Q4.

More details: News Corp-A IR

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