News Corporation (0K7U.L) Q3 2024 Earnings Report

Next: Q4 2024

News Corporation

0K7U.L

$26.12 1.98%

Exchange: LSE | Sector: Technology | Industry: Media Entertainment

Q3 2024

Published: May 9, 2024

Earnings Highlights

Revenue of $1.99B down 18.5% year-over-year
EPS of $0.05 decreased by 42.5% from previous year
Gross margin of 100.0%
Net income of 30.00M
"We are navigating through a challenging landscape that demands agility and innovation." - Robert Thomson, CEO

0K7U.L

News Corporation

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

In the third quarter of fiscal year 2024, News Corporation reported revenues of $1.994 billion, reflecting a 6.60% decrease quarter-over-quarter and an alarming 18.51% decline year-over-year. Despite managing to maintain a gross profit margin of 100%, the company's net income saw a drastic drop to $30 million, resulting in a net income margin of merely 1.50%. Management acknowledged ongoing market headwinds, particularly in the digital advertising space where competition remains fierce, yet emphasized the resilience of its core media assets. Investors should closely monitor how upcoming strategic initiatives play out in the next quarters, which may be critical to reversing this trend and restoring growth.

Key Performance Indicators

Revenue

Decreasing

1.99B

QoQ: -6.60% | YoY: -18.51%

Gross Profit

Increasing

1.99B

1.00% margin

QoQ: -6.60% | YoY: 103.68%

Operating Income

Increasing

145.00M

QoQ: -50.00% | YoY: 2.84%

Net Income

Decreasing

30.00M

QoQ: -80.77% | YoY: -40.00%

EPS

Decreasing

0.05

QoQ: -81.48% | YoY: -42.46%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue for Q3 2024 stood at $1.994 billion, while gross profit increased significantly year-over-year at a margin of 100% due to effective cost management. However, the company's operating income fell by 50.00% compared to the last quarter, indicating challenges in converting sales into operational profit. Net income's decline of 80.77% quarter-over-quarter raised concerns about effective cost control amidst reduced revenues. Key ratios include a current ratio of 1.357, suggesting adequate short-term financial stability, but the company faces pressures as indicated by a reduced return on equity of 0.37%. The stark decline in earnings per share (EPS) of 81.48% exacerbates worries and highlights profitability concerns.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	1.99B	-18.51%	-6.60%
Gross Profit	1.99B	103.68%	-6.60%
Operating Income	145.00M	2.84%	-50.00%
Net Income	30.00M	-40.00%	-80.77%
EPS	0.05	-42.46%	-81.48%

Key Financial Ratios

Gross Profit Margin

Weak

1.00%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Fair

7.27%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Weak

1.50%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

0.18%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

0.37%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.36

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Moderate

0.51

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

High Growth

122.23x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

Fair Value

1.82x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	2,009.00	0.18	+0.8%	View
Q2 2025	2,238.00	0.38	+4.8%	View
Q1 2025	2,577.00	0.21	+3.1%	View
Q4 2024	2,577.00	0.09	+5.9%	View
Q3 2024	1,994.00	0.05	-18.5%	View

News Corporation (0K7U.L) Q3 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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