When it comes to understanding News Corp net worth, there’s a lot more to the story than just a number. At Ando Money, we’re dedicated to exploring the financial pulse of famous companies.
This article delves into News Corp’s financial performance, with a focus on its Dow Jones segment and how it contributes to the company’s growth. Let’s dive deeper into the specifics.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | News Corporation |
| Full Name | News Corporation |
| Website | www.newscorp.com |
| Industry | Media, Real Estate, Publishing |
| Traded as | NASDAQ: NWS, ASX: NWS |
| ISIN | US65249B1098 (NWSA) |
| Founded | 1980 |
| Founders | Rupert Murdoch |
| Country/Territory | United States |
| Headquarters | New York, NY, United States |
| Chief Executive Officer | Robert Thomson |
| Number of Employees | Over 22,000 |
| Market Cap | $14.82 billion |
| Total Assets | $16.68 billion |
| Total Equity | $9.01 billion |
| Revenue | $10.09 billion |
| Net Income | $354 million |
What is the Net Worth/Market Cap of News Corp in 2024?
As of 2024, News Corp holds a market cap of $14.82 billion, placing it as one of the notable names in the media and real estate industry.
In comparison to other global players, News Corp ranks in the middle range, which is impressive considering its diverse portfolio.
When exploring how News Corp fares against others in the industry, it’s clear the company’s strategic focus on areas like Dow Jones and Foxtel has paid off.
To further understand News Corp’s position among other companies, here are some related names:
- Dow Jones
- HarperCollins
- REA Group
- Foxtel
- Wall Street Journal
- Move, Inc.
- News UK
- Realtor.com
For those curious about how companies rank in terms of their overall financial standing, this link to the richest companies offers a thorough breakdown.
This data reflects the significant role these companies play in shaping the global financial landscape.
News Corp Financial Performance Overview
Key Revenue Streams in Recent Financial Year
News Corp‘s total revenue for FY 2024 reached $10.09 billion, a 2% increase from the previous year.
The primary revenue drivers include Digital Real Estate Services, Dow Jones, and Book Publishing. These segments show strong financial performance, even in challenging market conditions.
The Digital Real Estate Services division alone brought in $1.66 billion, growing by 8% year-over-year.
This growth was largely driven by REA Group, whose Australian residential revenues saw a notable boost due to price increases and higher financial services revenue.
Meanwhile, the Dow Jones segment, recognized for its financial and professional services, earned $2.23 billion in revenue, marking a 4% growth from the previous year.
The professional information business within Dow Jones was a major contributor, driven by demand for Risk & Compliance services.
Impact of Dow Jones on Financial Success
The Dow Jones segment stands as one of the most profitable pillars of News Corp, with its digital subscription services and professional information solutions leading to a 10% EBITDA growth.
This success is linked directly to strong revenue streams from Risk & Compliance, which saw a 16% increase in revenues, and Dow Jones Energy, which also posted 16% growth.
With over 5.8 million total subscriptions to Dow Jones consumer products like the Wall Street Journal, it’s no surprise that this segment plays a central role in the company’s overall financial health.
The digital shift has been a strong point, with 89% of WSJ subscriptions being digital.
Book Publishing Segment’s Revenue Growth
HarperCollins, News Corp’s book publishing arm, saw impressive results in FY 2024, generating $2.09 billion in revenue.
This 6% increase from the previous year was driven by strong digital sales and audiobook growth, which grew by 18% thanks to partnerships with platforms like Spotify.
Additionally, backlist sales accounted for 62% of consumer revenues, up from 59% in the previous year.
Key titles like The Bridgerton Series and When the Moon Hatched contributed significantly to these results.
Subscription Services Expansion
News Corp’s Subscription Video Services, primarily driven by Foxtel Group, saw mixed results in FY 2024.
Revenues dipped slightly to $1.92 billion, down 1% from the previous year, mainly due to currency fluctuations.
However, the streaming sector performed well, with Kayo and BINGE reaching record subscriber numbers, surpassing 3.2 million subscribers.
Streaming revenue now represents about 30% of total subscription service income, reflecting a clear shift in consumer preferences from traditional broadcast services to on-demand streaming.
Real Estate Sector’s Financial Impact
The Real Estate Services division, led by REA Group, posted exceptional results for News Corp.
Revenues rose by 19% to $1.11 billion, thanks to strong residential property performance in Australia.
The company benefited from increased national listings in major cities like Sydney and Melbourne, where listings grew by 26% and 32%, respectively.
This growth was further supported by financial services revenue, which expanded due to favorable market conditions and fewer negative adjustments.
Financial Performance of News Media Segment
Despite challenges, the News Media segment contributed $2.19 billion to News Corp’s total revenue in FY 2024. While this marks a 4% decline compared to the previous year, digital revenues are on the rise.
Digital subscribers across its properties, such as The Times and The Sunday Times, continue to grow. However, print advertising and circulation revenues saw a decline, a trend observed across the industry.
FAQs about News Corp
What is News Corp’s main source of revenue?
Its main revenue sources include Digital Real Estate Services, Dow Jones, and Book Publishing, each contributing significant growth in the past year.
How has the Dow Jones segment impacted News Corp’s finances?
Dow Jones has been one of the most profitable segments, with $2.23 billion in revenue, driven by demand for professional information services like Risk & Compliance.
How did Book Publishing perform in FY 2024?
News Corp’s HarperCollins saw $2.09 billion in revenue, with digital and audiobook sales showing substantial growth due to partnerships with platforms like Spotify.
How many subscribers does News Corp have across its services?
As of June 2024, Foxtel Group reported over 4.7 million paid subscribers, with Kayo and BINGE contributing a significant portion of this number.
What is the role of REA Group in News Corp’s financial performance?
REA Group contributed significantly with $1.11 billion in revenue from Australian residential real estate listings and financial services.
Conclusion
In conclusion, News Corp continues to show resilience and growth across multiple sectors.
If you’re interested in more financial insights, feel free to explore our articles at Ando Money and join the conversation by leaving a comment or sharing your thoughts!
