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BRIEF-News Corp Says Qtrly Revenues Were $2.48 Billion

Published 07/02/2020, 10:27 am
Updated 07/02/2020, 10:29 am
© Reuters.  BRIEF-News Corp Says Qtrly Revenues Were $2.48 Billion
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Feb 6 (Reuters) - News Corp NWSA.O :

* QTRLY REVENUES WERE $2.48 BILLION, A 6% DECLINE COMPARED TO $2.63 BILLION IN PRIOR YEAR

* QTRLY REPORTED DILUTED EPS WERE $0.14

* QTRLY ADJUSTED EPS $0.18

* DOW JONES RESULTS REFLECTED 17% GROWTH IN DIGITAL-ONLY SUBSCRIBERS IN QUARTER

* Q2 EARNINGS PER SHARE VIEW $0.14, REVENUE VIEW $2.51 BILLION -- REFINITIV IBES DATA

* QTRLY DIGITAL REAL ESTATE SERVICES REVENUE $294 MILLION VERSUS $311 MILLION REPORTED LAST YEAR

* QTRLY NEWS AND INFORMATION SERVICES REVENUE $1,241 MILLION VERSUS $1,257 MILLION

* QTRLY BOOK PUBLISHING REVENUE $442 MILLION VERSUS $496 MILLION

* QTRLY RESULTS WERE AFFECTED BY A SLUGGISH AUSTRALIAN ECONOMY, UNCHARACTERISTIC SOFTNESS IN BOOK PUBLISHING, AND FOREIGN EXCHANGE FLUCTUATIONS

* EXPECT IMPROVEMENT IN SECOND HALF AS REAL ESTATE MARKETS SHOW SIGNS OF GRADUAL RECOVERY

* EXPECT IMPROVEMENT IN H2 ALSO AS DOW JONES BENEFITS FROM NEW CONTENT LICENSING ARRANGEMENTS, HIGHER DIGITAL SUBSCRIBERS

* EXPECT IMPROVEMENT IN H2 ALSO AS HARPERCOLLINS CAPITALIZES ON NEW RELEASES

* CONSUMER SUBSCRIPTIONS RECENTLY REACHED A RECORD 3.5 MILLION AT DOW JONES

* "DEALS WITH APPLE AND FACEBOOK ARE BEGINNING TO YIELD FINANCIAL DIVIDENDS"

* IN FEB, FOXTEL & SOME OF ITS UNITS ENTERED INTO A SUBORDINATED SHAREHOLDER LOAN FACILITY AGREEMENT WITH TELSTRA

* TELSTRA FACILITY GIVES FOXTEL WITH UP TO A$170 MILLION THAT CAN BE USED TO FINANCE CABLE TRANSMISSION COSTS DUE TO TELSTRA

* DECLARED A SEMI-ANNUAL CASH DIVIDEND OF $0.10 PER SHARE FOR CLASS A COMMON STOCK AND CLASS B COMMON STOCK

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