News Corp attributed its lackluster results to the impact of foreign currency fluctuations and lower advertising revenues. Its revenue dropped 3% compared to the previous year and the company faced declines in its earnings from its News and Information Services and legal expenses.
One of the company's arms showing promise was Digital Real Estate Services where revenue increased in the fourth quarter by 21% to $40 million. This it put down to growth at REA Group and Move.
- Net profit: US$177 million
(↑18.8%)
- EBITDA**: US$684 million
- Earnings*: 30¢
- Dividend (semi-annual)*: 10¢