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May 9 (Reuters) - News Corp NWSA.O reported better-than-expected quarterly revenue as the owner of the Dow Jones Newswires and the Wall Street Journal saw an uptick in its news and information unit and its digital real estate business.
Shares of the company, controlled by media mogul Rupert Murdoch, were up 2.2 percent in extended trading on Tuesday.
The company, whose newspapers include the New York Post, the Times in London and the Australian, has been transforming its business and moving away from its dependency on ads from its traditional media business towards the digital real estate services business.
Revenue in the company's news and information division, which accounts for over 60 percent of total revenue, rose 2.6 percent as the transition to digital platforms pays off.
Advertising revenue of the company, which owns book publisher HarperCollins, rose 5.1 percent to $705 million.
News Corp said revenue in its high-growth digital real-estate business jumped nearly 13 percent to $219 million.
The business includes REA Group Ltd REA.AX , an Australian company which advertises property and property-related services on websites and mobile apps, and Move Inc, which operates Realtor.com in the United States and other countries.
Digital real estate services are "well on their way" to becoming News Corp's largest profit-driver, Chief Executive Robert Thomson had said in the company's second quarter earnings statement.
Net loss available to shareholders narrowed to $5 million, or 1 cent per share, in the third quarter ended March 31, from $149 million, or 26 cents per share, a year earlier. items, the company earned 7 cents per share.
News Corp's revenue rose 4.6 percent to $1.98 billion.
Analysts on average had expected earnings of 5 cents per share on a revenue of $1.86 billion, according to Thomson Reuters I/B/E/S.
Thomson Reuters TRI.N TRI.TO , the parent of Reuters News, competes with Dow Jones Newswires.