It really is “a beautiful day in the neighborhood” now that the U.S. Postal Service has immortalized Mister Rogers on a Forever stamp. Please share the news using the hashtag #MisterRogersStamp. Postmaster General Megan J. Brennan dedicated the stamp honoring Fred Rogers at the studio named in his honor where it all began 50 years ago — WQED’s Fred Rogers Studio in Pittsburgh. “Mister Rogers and his Neighborhood of Make-Believe made the ups and downs of life easier to understand for the youngest members of our society,” said Brennan. “In Mister Rogers’ Neighborhood, children learned, in a safe space, how to be a friend and create relationships. He shaped generations with his kindness and compassion. It’s why we honor him today.”
Fiscal 2022 First Quarter Key Financial Highlights:
*Revenues were $2.50 billion, an 18% increase compared to $2.12 billion in the prior year, driven by growth across key segments
*Net income of $267 million compared to $47 million in the prior year
*Total Segment EBITDA was $410 million compared to $268 million in the prior year
*Reported EPS were $0.33 compared to $0.06 in the prior year – Adjusted EPS were $0.23 compared to $0.08 in the prior year
*Digital Real Estate Services segment revenues grew 47%, driven primarily by strong yield and demand at both REA Group and Move, operator of realtor.com®
*Dow Jones saw its highest first quarter revenue and profitability since its acquisition
*Book Publishing segment revenues grew 19%, benefiting from the HMH acquisition and continued strong consumption patterns
*Subscription Video Services Segment EBITDA grew 46% as Foxtel’s streaming products reached approximately 2.1 million paid subscribers, up 69% compared to the prior year
*News Media segment revenues grew 18%, benefiting from the rebound in the advertising market, strong digital subscriber gains and new content licensing revenues from recent news payment agreements with major tech platforms
*Announced a $1 billion stock repurchase program and the termination of the Stockholder Rights Agreement
News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended September 30, 2021.
Commenting on the results, Chief Executive Robert Thomson said:
“I am pleased to report that the first quarter of Fiscal 2022 was the most profitable of its kind since the re-launch of News Corp in 2013, building on the trends evident in the last financial year. Revenues for the quarter were $2.5 billion, an increase of 18 percent, while our profitability rose by a hefty 53 percent.
Dow Jones achieved stronger profitability than any first quarter in its 140-year history. We look forward to completing the acquisition of OPIS, which will enhance our fast-growing professional information business. Recent events have highlighted the importance of intelligence about energy and carbon markets, and we fully expect to emerge as a world leader in that area.
Digital Real Estate Services was again a source of express growth, with both REA Group and Move benefiting from robust yield growth, increased audience and expansion into adjacencies. HarperCollins is thriving, driven by strong sales and the successful integration of HMH. News Media was an especially notable contributor to profitability this quarter, thanks to significant digital advertising growth and our groundbreaking agreements with Google and Facebook.
We are primed to capitalize on the patent success of the Foxtel streaming strategy, which was highlighted during the Foxtel Strategy Day, and are reviewing potential permutations to maximize shareholder value and growth. It’s worth noting that Subscription Video Services Segment EBITDA rose an impressive 46 percent in the first quarter.”
more at: https://newscorp.com/2021/11/04/news-corp-reports-first-quarter-results-for-fiscal-2022/