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News Corp reported second-quarter revenue that exceeded Wall Street estimates, supported by growth in its Dow Jones, digital real estate, and book publishing units. The Dow Jones segment saw revenue rise 8% to USD 648 million, with Wall Street Journal subscriptions reaching nearly 4.7 million, while digital real estate services and HarperCollins recorded revenue increases of 8% and 6% respectively. CEO Robert Thomson noted significant enterprise client expansion for Dow Jones. The company also extended its media presence to the West Coast with the launch of the California Post, reflecting a strategic focus on digital, subscription-driven growth.
News Corp surpassed Wall Street's expectations for its second-quarter revenue, driven by strong performance in its Dow Jones, digital real estate, and book publishing divisions. The media conglomerate, part of Rupert Murdoch's empire, has been strategically shifting toward digital and subscription-based models to adapt to evolving consumer habits and increased competition in the news industry. Advertisement
The company's subscription-focused business information unit, Dow Jones, which includes the Wall Street Journal, Barron's, and MarketWatch, recorded notable growth. Revenue in this segment rose 8% year-on-year to USD 648 million, while total subscriptions for the Wall Street Journal increased 11%, reaching nearly 4.7 million. CEO Robert Thomson highlighted that the Dow Jones team had successfully expanded its enterprise customer base by integrating Wall Street Journal content into corporate workflows.
Overall, News Corp reported total revenue of USD 2.36 billion for the quarter, surpassing analysts average projection of USD 2.29 billion, according to data compiled by LSEG. The company's digital real estate services segment also saw an 8% increase in revenue, supported by a recovering property market.
The book publishing division, HarperCollins, contributed to growth with revenue rising 6% to USD 633 million during the quarter. Additionally, the company expanded its media footprint on the West Coast by launching the California Post, a conservative daily tabloid, following the New York Post's earlier efforts to strengthen its presence beyond the East Coast.
News Corp's recent results highlight the company's successful adaptation to digital transformation and subscription-driven revenue streams, showing resilience across multiple business segments despite the broader challenges in traditional media.
Source Reuters
5th Jun, 2025
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