News Corp: Q2 EPS above expectations
(CercleFinance.com) - On Thursday evening News Corp announced Q2 EPS of 16 cents, compared to a loss of 14 cents per share the previous year.
Adjusted EPS reached 18 cents, three cents above the consensus.
The media group increased its EBITDA by 13% to 370 million dollars, for revenues that are up 21% at 2.63 billion dollars, thanks to the integration of Foxtel, as well growth in the group's book publishing business and digital real estate services.
News Corp also highlights a continuation in the growth momentum of digital pay subscriptions in its news and information services, including accelerating gains for The Wall Street Journal.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Adjusted EPS reached 18 cents, three cents above the consensus.
The media group increased its EBITDA by 13% to 370 million dollars, for revenues that are up 21% at 2.63 billion dollars, thanks to the integration of Foxtel, as well growth in the group's book publishing business and digital real estate services.
News Corp also highlights a continuation in the growth momentum of digital pay subscriptions in its news and information services, including accelerating gains for The Wall Street Journal.
Copyright (c) 2019 CercleFinance.com. All rights reserved.