NASDAQ$NWSA
News Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
News Corp's revenues and profitability reached record levels for the third quarter, driven by digital growth and strategic acquisitions.
News Corp reported a strong third quarter for fiscal year 2022, with record revenues of $2.49 billion, a 7% increase year-over-year. Net income rose by 8% to $104 million, and Adjusted EPS were $0.16 compared to $0.09 in the prior year. The company's growth was fueled by digital advertising, digital subscriptions, and strategic acquisitions.
- Revenues increased by 7% to $2.49 billion, a record for the third quarter.
- Net income increased by 8% to $104 million.
- Total Segment EBITDA increased by 20% to $358 million.
- Adjusted EPS were $0.16 compared to $0.09 in the prior year.
Headline financials
Revenue & EPS history
News Corp · Revenue · Quarterly
$2.49B
Revenue by segment
News Corp · $1.58B total across 3 segments · Q3 2022
- News Media$580M+5.5%36.7%
- Book Publishing$515M+5.1%32.6%
- Dow Jones$487M+15.7%30.8%
Forward guidance
The company expects to incur at least $20 million of incremental costs in the fourth quarter of fiscal 2022 relating to product investments across the News Media segment, including TalkTV.
Headwinds
- Expects to incur at least $20 million of incremental costs in the fourth quarter of fiscal 2022 related to product investments across the News Media segment, including TalkTV.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+1.4%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+2.2%
Avg return
30 days after
57%
29 / 51 earnings
Positive
+13.2%
Q1 2021
Best reaction
-18.6%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -1.2% | -1.4% | +0.7% | |
| Q2 2026 | -7.1% | -4.1% | +1.7% | |
| Q1 2026 | +6.7% | +6.9% | +3.8% | |
| Q3 2025 | -1.5% | -0.7% | -2.4% | |
| Q2 2025 | -0.8% | +2.3% | -2.8% | |
| Q1 2025 | +4.0% | +1.3% | +1.4% | |
| Q4 2024 | +6.6% | +5.8% | +2.0% | |
| Q3 2024 | +1.5% | +4.3% | +11.3% | |
| Q2 2024 | +5.1% | +5.6% | +6.7% | |
| Q1 2024 | -2.3% | -2.1% | +2.5% | |
| Q4 2023 | +4.4% | +2.8% | +3.5% | |
| Q3 2023 | +8.7% | +10.3% | +15.3% | |
| Q2 2023 | -10.9% | -9.9% | -23.3% | |
| Q1 2023 | -2.9% | +8.0% | +8.6% | |
| Q4 2022 | +7.9% | +10.7% | -1.1% | |
| Q3 2022 | -18.6% | -15.7% | -17.5% | |
| Q2 2022 | +1.4% | +2.1% | -5.1% | |
| Q1 2022 | +5.8% | +1.7% | -6.8% | |
| Q4 2021 | +1.5% | -0.2% | -7.3% | |
| Q3 2021 | +5.4% | +5.8% | +0.4% | |
| Q2 2021 | +8.1% | +11.8% | +22.8% | |
| Q1 2021 | +13.2% | +20.2% | +38.0% | |
| Q4 2020 | +7.6% | +12.0% | +12.5% | |
| Q3 2020 | +12.6% | +9.5% | +34.0% | |
| Q2 2020 | +0.3% | +0.3% | -21.8% | |
| Q1 2020 | -5.4% | -3.2% | -2.5% | |
| Q4 2019 | +7.2% | +9.8% | +10.3% | |
| Q3 2019 | +3.6% | +0.9% | +2.6% | |
| Q2 2019 | -3.1% | -4.0% | -0.9% | |
| Q1 2019 | +6.2% | +3.2% | -6.9% | |
| Q4 2018 | -12.1% | -9.6% | -16.4% | |
| Q3 2018 | -6.9% | -4.4% | -4.2% | |
| Q2 2018 | -1.8% | +1.0% | +2.6% | |
| Q1 2018 | +7.6% | +8.0% | +17.0% | |
| Q4 2017 | -5.2% | -6.1% | -7.3% | |
| Q3 2017 | -0.4% | -0.6% | +5.6% | |
| Q2 2017 | +9.2% | +7.6% | +1.8% | |
| Q1 2017 | -0.4% | +1.9% | -0.5% | |
| Q4 2016 | +3.7% | +5.3% | +7.4% | |
| Q3 2016 | +3.7% | — | — | |
| Q2 2016 | -6.1% | — | — | |
| Q1 2016 | -3.0% | — | — | |
| Q4 2015 | +8.4% | — | — | |
| Q3 2015 | -7.2% | — | — | |
| Q2 2015 | +4.4% | — | — | |
| Q1 2015 | +1.7% | — | — | |
| Q4 2014 | -2.3% | — | — | |
| Q3 2014 | +5.2% | — | — | |
| Q2 2014 | +11.0% | — | — | |
| Q1 2014 | -2.5% | — | — | |
| Q4 2013 | -2.0% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro