News (NWSA) Earnings Report, Financial Results, Financial analysis

News Corporation reported in the third quarter of 2023 net earnings per share of $0.09 a decrease by -35.71 % year on year from $0.14 and decline of -25 % from $0.12 earned in II. Quarter (Dec 31 2022).

*third quarter of 2023*
Earnings Per Share	Revenues
$ 0.09	$ 2,447 Mill
$-0.05 -35.71 %	$-45M -1.81 %

News's Revenue fell by -1.81 % in third quarter of 2023 (Mar 31 2023) year on year, to $2,447 million and declined by -2.94 % sequentially.

News is Expected to report next financial results on August 11, 2023.

More on NWSA's Income Statement

NWSA's NET INCOME

News's net income of $59.000 million in the third quarter of 2023 decreased by -43.27 % from net earnings of $104.000 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -37.23 % from net income of $94.000 million realized in previous quarter.

More on NWSA's Growth

News Inventories
Inventories grew by 15.58 % to $356 million from III. Quarter a year ago, sequentially inventories rose by 8.54 %. NWSA's Cash flow In thethird quarter of 2023 company's net cash flow was $336 million, capital expenditures fell by 24.30%, to $-133 millions compare to same quarter a year ago and fell by 17.70% from II. Quarter (Dec 31 2022).

More on NWSA's Cash flow Statement

Earnings quality

News Corporation payed out dividend of $0.31 per share in last 52 weeks representing 67.39 % of net earning per share in trailing twelve-month period.

During the same period News Corporation earned $ 1.79 cash per share, on a free-cash flow basis 388.96 % of net earning per share.

Book value fell by -0.30 % sequentially to $16.17 per share.
Tangible Book value grew to $ 2.35 per share from $ 2.34.

Company repurchased 2.78 million shares or 0.50 % in Mar 31 2023.
Debt Coverage Ratio was 0.07.

• More on NWSA's Dividends

Market Capitalization (Millions)	10,794
Shares Outstanding (Millions)	556
Total Debt (Millions $)	2,987
Revenue (TTM) (Millions $)	10,120
Net Income (TTM) (Millions $)	346
Cash Flow (TTM) (Millions $)	-120
Capital Exp. (TTM) (Millions $)	-534
Dividend TTM ($)	0.31 $
Dividend Yield TTM (%)	1.03 %
Employees (TTM) $	25,500

Earnings quality

News Corporation payed out dividend of $0.31 per share in the last 52 weeks representing 67.39 % of net earning per share in trailing twelve-month period.

During the same period News Corporation had $ 1.79 cash flow per share, on a free-cash flow basis 388.96 % of net earning per share.

Book value fell by -0.30 % sequentially to $16.17 per share.
Tangible Book value grew to $ 2.35 per share from $ 2.34.

Company repurchased 2.78 million shares or 0.50 % in Mar 31 2023.
Debt Coverage Ratio was 0.07.

• More on NWSA's Balance Sheets

Market Capitalization (Millions)	10,794
Shares Outstanding (Millions)	556
Total Debt (Millions $)	2,987
Revenue (TTM) (Millions $)	10,120
Net Income (TTM) (Millions $)	346
Cash Flow (TTM) (Millions $)	-120
Capital Exp. (TTM) (Millions $)	-534
Dividend TTM ($)	0.31 $
Dividend Yield TTM (%)	1.03 %
Employees (TTM) $	25,500

News Corporation

NWSA's Financial Statements and Analysis