Overview

• Quarterly net income from continuing operations rose 28% year over year to $86 million, with revenue up 1% to $2.11 billion, surpassing Wall Street estimates.
• Full-year profit jumped 71% to $648 million on 2% revenue growth to $8.45 billion.
• Dow Jones generated a record $2.33 billion in annual revenue led by its professional information business while REA Group posted a $1.25 billion full-year revenue high driven by Australian residential listings.
• Advertising revenue at News Corp Australia declined 5% to $343 million, reflecting ongoing declines in print newspaper advertising.
• The board authorized a new $1 billion stock buyback alongside advanced negotiations with AI firms to monetize the company’s intellectual property.