NewsCorp has posted a fiscal Q4 net profit of $89m for the period, compared to the $378m net loss of 2015. The biggest profit came from the digital real estate services unit, which rose 21% to the 134 cents. Elsewhere, digital subscriptions rose by 5%, while ad sales fell by the same margin, and company-wide revenue was up 5% to $2.2bn. Earnings per share were 10 cents, lower than $229m predicted by analysts polled by S&P Global Capital Intelligence.
NewsCorp has posted a fiscal Q4 net profit of $89m for the period, compared to the $378m net loss of 2015. The biggest profit came from the digital real estate services unit, which rose 21% to $229m. Elsewhere, digital subscriptions rose by 5%, while ad sales fell by the same margin, and company-wide revenue was up 5% to $2.2bn. Earnings per share were 10 cents, lower than the 134 cents predicted by analysts polled by S&P Global Capital Intelligence.