.August 9, 2024 03:23:39 AM

In the fourth quarter, News Corp’s revenue increased by 6%, driven by digital subscriptions in its Dow Jones division. The company reported a net income of $71 million, a significant improvement from the previous year’s net loss. Strategic partnerships and legal actions, including a deal with OpenAI, demonstrate News Corp’s commitment to innovation and the future of journalism. The company’s financial performance exceeded expectations, with revenue reaching $2.58 billion and adjusted earnings per share standing at 17 cents. News Corp’s stock price has surged by 34% over the past year, closing at $27.76.