News Corp reported an increase in revenue for its fiscal first quarter, driven by continued growth across its Dow Jones, HarperCollins Publishers and digital real-estate-services divisions. It also boosted its profit margin in the period.
News Corp’s revenue increased 6% to $2.28 billion in the quarter, which ended Sept. 30, beating analyst expectations. Segment earnings before interest, taxes, depreciation and amortization increased 19% to $403 million.
Net income attributable to News Corp stockholders rose by 42% to $159 million.
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