Q1 2025 News Corp Earnings Call Transcript
Key Points
- News Corp (NWS) reported record first quarter revenue of $2.58 billion, a 3% increase year over year.
- Profitability surged 14% to $415 million, with a profit margin increase from 14.6% to 16.1%.
- Digital real estate revenue increased by 13%, driven by strong performance at REA Group.
- HarperCollins saw a 25% increase in profitability, with digital sales rising 15%.
- Foxtel's transition to streaming is successful, with streaming now accounting for nearly 70% of paid subscribers.
- Advertising revenue remains volatile, with digital advertising down 5% at Dow Jones.
- The U.S. property market is challenged by high mortgage rates, impacting sales and lead volume.
- News media segment revenues declined by 5%, with advertising conditions particularly challenging in the UK.
- Factiva faced a customer dispute, impacting the overall growth of Dow Jones' professional information business.
- Foxtel's profitability was impacted by $11 million in costs related to the Hubble product launch.
25 earnings conference call. Today's conference is being recorded. Media will be allowed on a listen-only basis. At this time, I'd like to turn the conference over to Michael Florin, senior Vice President and head of investor relations. Please go ahead.
Thank you very much operator. Hello, everyone and welcome to News Corp's fiscal first quarter, 2025 earnings call. We issued our earnings press release about 30 minutes ago and it's now posted on our website at news Corp dotcom on the call today are Robert Thompson, chief executive and Susan Panuccio, Chief Financial Officer. We will open with some prepared remarks and they'll be happy to take questions from the investment community.
This call may include certain forward-looking information with respect to news Corp's business and strategy. Actual results could differ materially from what is said. News Corp's form 10-K and form 10-Q filings identify risks and uncertainties that could cause actual results to differ and contain
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