Business
News Corp declares most profitable quarter in seven years – Sydney Morning Herald
News Corp chief executive Robert Thomson said it was the best quarterly financial result since News Corp’s restructure was unveiled in 2013.
The second quarter of fiscal 2021 was the most profitable quarter since the new News Corp was launched more than seven years ago, reflecting the ongoing digital transformation of the business, Mr Thomson said.
There was also a 77 per cent rise in segment EBITDA at the subscription video services segment, where the exponential evolution at Foxtel continued apace, with streaming customers increasing over 90 per cent, rights costs reset and audiences for summer sports at unprecedented levels.
Of total…
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