News Corporation (ASX: NWS) has released its financial results for the three months ended 31 March 2022. The Company has reported record revenue and profitability numbers. The revenue increased 7% to $2.49 billion and net income by 8% to $104 million compared to the previous corresponding period (PCP).
Total Segment EBITDA grew 20% to AU$358 million on PCP. By the end of March 2022 quarter, Foxtel’s total paid streaming subscribers increased 62% compared to previous year with BINGE and Kayo at ~1.2 million subscribers.
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