News Corp records $2.3 billion in Q1 revenue, focusing on growth engines
NWSA News Corp
$26.57 +0.70%
View chart & analysis → - 1News Corp recorded a 6% year-over-year increase in Q1 revenue, achieving 14 consecutive quarters of profitability growth.
- 2News Corp total segment EBITDA for Q1 recorded $403 million, a 19% increase from the previous year.
- 3CEO Robert Thomson noted that reliable sources of information are becoming more valuable in the AI era and the business is prepared for additional growth.
So what's the key point?
News Corp saw increases in both revenue and profit compared to last year. This means the company is prepared for more growth as the value of information rises in the age of artificial intelligence.
Source The Motley Fool +1 · View original ↗
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