News Corp Q3: Earnings Beat, 2% Revenue Decline, Cost Savings & More
News Corp Q3: Earnings Beat, 2% Revenue Decline, Cost Savings & More
新聞集團第三季度：收益超過預期，收入下降2％，節省成本等等
- News Corp (NASDAQ:NWSA) reported Q3 FY23 revenues decrease of 2% Y/Y to $2.45 billion and adjusted EPS of $0.09, which declined from $0.16 a year ago.
- Revenues and adjusted EPS beat the Wall Street estimates of $2.37 billion and $0.05, respectively.
- Revenue was mainly impacted by lower revenues from the Digital Real Estate Services segment (-13% Y/Y) and a negative impact of 4% from foreign currency translations.
- Subscription Video Services fell 3% Y/Y to $477 million and News Media revenues were down 3% Y/Y to $563 million. Revenues from Dow Jones rose 9% Y/Y, and Book Publishing remained flat Y/Y.
- As of March 31, 2023, total closing paid subscribers in Foxtel rose 6% Y/Y to over 4.5 million, on higher streaming subscribers driven by BINGE and Kayo. Broadcast subscriber churn improved to 12.3% (the lowest since FY16) versus 14.3% in the prior year.
- Segment EBITDA declined 11% Y/Y to $320 million in the quarter.
- Net cash from operating activities stood at $670 million at the end of nine months FY23.
- The company expects annual savings of at least $160 million from the previously announced headcount reductions of 5% by end-FY23.
- "These results demonstrate the fundamental differences in the character of News Corp compared with other media companies. In a period in which advertising was clearly insipid in certain parts of the world, our core non-advertising revenue has been particularly robust, highlighted by a 38 percent increase in revenues at the Dow Jones professional information business," said Robert Thomson, CEO.
- Price Action: NWSA shares are trading higher by 6.51% at $17.83 on the last check Friday.
- 新聞集團 納斯達克股票代碼：NWSA）報告稱，23財年第三季度收入同比下降2％，至24.5億美元，調整後的每股收益爲0.09美元，低於去年同期的0.16美元。
- 收入和調整後的每股收益分別超過了華爾街預期的23.7億美元和0.05美元。
- 收入主要受到數字房地產服務板塊收入減少（同比下降13％）以及外幣折算產生的4％的負面影響。
- 訂閱視頻服務同比下降3％，至4.77億美元，新聞媒體收入同比下降3％，至5.63億美元。道瓊斯的收入同比增長9％，圖書出版社同比持平。
- 截至2023年3月31日，Foxtel的收盤付費用戶總數同比增長6％，達到450萬以上，這要歸因於BINGE和Kayo推動的流媒體訂閱人數增加。廣播訂戶流失率從上年的14.3％提高到12.3％（自16財年以來的最低水平）。
- 該季度該細分市場的息稅折舊攤銷前利潤同比下降11％，至3.2億美元。
- 截至23財年九個月末，來自經營活動的淨現金爲6.7億美元。
- 該公司預計，到23財年底，先前宣佈的裁員5％，每年可節省至少1.6億美元。
- “這些結果表明，與其他媒體公司相比，新聞集團的性質存在根本差異。在世界某些地區的廣告顯然平淡無奇的時期，我們的核心非廣告收入尤其強勁，道瓊斯專業信息業務的收入增長了38％，突顯了這一點。” 首席執行官羅伯特·湯姆森說。
- 價格走勢：在週五的最後一張支票上，NWSA股價上漲了6.51％，至17.83美元。
譯文內容由第三人軟體翻譯。
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