News Corp. Posts 9% Revenue Increase in Q3 Through Growth in Dow Jones, Real Estate Services and Publishing

News Corp. saw its third fiscal quarter revenues reach $2.19 billion, a 9% increase driven by growth at Wall Street Journal publisher Dow Jones, its online real estate services division and its book publishing sector.

“The third quarter was compelling evidence of the transformation of our business, and demonstrated the
robustness of our core growth engines, which we expect will propel us towards a strong fiscal finish,” CEO Robert Thomson said in a statement.

• Net income: $121 million, up 13% compared to $107 million last year.
• Revenue: $2.19 billion, up 9% year over year, compared to $2.11 billion expected by analysts surveyed by Yahoo Finance.
• Earnings per share: 16 cents per share on a diluted basis. On an adjusted basis, EPS was 21 cents, compared to 20 cents per share expected by analysts surveyed by Yahoo Finance.

Dow Jones‘ revenues reached $619 million, an 8% growth from the same period last year. The Journal saw its total subscriptions grow 8% compared to last year, totallng at 4.7 million average subscriptions, while its digital-only subscriptions grew 11% to 4.3 million. Barron’s also saw increases in total subscriptions (3%, at 1.53 million) and digital only (5%, 1.44 million).

Overall, its growth was boosted by a 19% increase in its risk and compliance division, which saw its revenues hit $100 million.

More to come…