News Corp. (NWS,NWSA) Thursday reported second-quarter net income of $231 million or $0.39 per share, up from $85 million or $0.14 per share last year.
Adjusted earnings were $0.34 per share compared to $0.18 per share last year.
Second-quarter revenues were $2.41 billion, 3% lower compared to $2.48 billion last year.
The decline was mainly due to lower revenues at the News Media segment, primarily driven by a $191 million, or 8%, negative impact from the divestiture of News America Marketing, weakness in the print advertising market, and a $34 million, or 1%, negative impact from the closure or transition to digital of certain regional and community newspapers in Australia.
Analysts polled by Thomson Reuters expected earnings of $0.10 per share on revenues of $2.24 billion for the quarter. Analysts' estimates typically exclude special items.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.