(AOF) – News Corp, the parent company of Dow Jones, HarperCollins and Foxtel, among others, published adjusted EPS of 14 cents for its last quarter of 2022-23, compared to 37 cents over the same period of the year. previous year, for a consensus of 0.09 dollar. At $2.43 billion, revenue fell 7% adjusted. Analysts had expected $2.48 billion. Revenue from digital real estate services fell 17% to $369 million. Subscription video services fell 4% to $501 million.
Revenue from the Dow Jones segment, which includes contributions from The Wall Street Journal, fell 3% to $546 million.
“Our results improved significantly in the second half of the year, so with inflation falling, interest rates capping and the first signs of stability in the housing market, we have good reason to be optimistic for the quarters ahead,” said Robert Thomson, Chairman and Chief Executive Officer.
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