EX-99.1 2 ex-991xsupplementalfinanci.htm EX-99.1 Document
Exhibit 99.1

NEWS CORPORATION
SUPPLEMENTAL FINANCIAL INFORMATION
As previously disclosed on December 22, 2024, News Corporation (the “Company”) issued a press release announcing that it and Telstra Corporation Limited have entered into a definitive agreement to sell NXE Australia Pty Limited (“Foxtel”) to DAZN Group Limited. The agreement follows a strategic review of Foxtel as part of the Company’s ongoing efforts to optimize its portfolio and simplify the structure of the Company.
Beginning with the Company's second quarter of Fiscal 2025, as a result of the progression of the sale process and the discontinuation of further significant business activities in the Subscription Video Services segment, the results of operations of Foxtel have been classified as discontinued operations in accordance with ASC 205-20, Discontinued Operations, as the disposition reflects a strategic shift that has, and will have, a major effect on the Company’s operations and financial results. Upon reclassification of Foxtel’s results, the Company determined that the Subscription Video Services segment was no longer a reportable segment and the residual results of the segment were aggregated into the News Media segment.
The following table details the Company's unaudited recast annual financial information for the fiscal years ended June 30, 2024 and 2023:
For the fiscal year ended June 30,
20242023
(in millions)
Revenues:
Dow Jones$2,231 $2,153 
Digital Real Estate Services1,658 1,539 
Book Publishing2,093 1,979 
News Media2,270 2,341 
Other— — 
Total Revenues$8,252 $8,012 
Segment EBITDA:
Dow Jones542 494 
Digital Real Estate Services508 457 
Book Publishing269 167 
News Media133 173 
Other(211)(202)
Depreciation and amortization(440)(415)
Impairment and restructuring charges(133)(121)
Equity losses of affiliates(6)(127)
Interest expense, net(18)(49)
Other, net(59)3 
Income before income tax expense from continuing operations585 380 
Income tax expense from continuing operations(206)(152)
Net income from continuing operations379 228 
Net loss from discontinued operations, net of tax(25)(41)
Net income354 187 
Net income attributable to noncontrolling interests from continuing operations(110)(65)
Net loss attributable to noncontrolling interests from discontinued operations22 27 
Net income attributable to News Corporation stockholders$266 $149 

Exhibit 99.1
The following table details the Company's unaudited recast quarterly financial information for each of the four quarters in fiscal 2024 and the first quarter of fiscal 2025:
For the three months ended
September 30,
2023		December 31,
2023		March 31,
2024		June 30,
2024		September 30,
2024
(in millions)
Revenues:
Dow Jones$537 $584 $544 $566 $552 
Digital Real Estate Services403 419 388 448 457 
Book Publishing525 550 506 512 546 
News Media566 582 556 566 541 
Other— — — — — 
Total Revenues$2,031 $2,135 $1,994 $2,092 $2,096 
Segment EBITDA:
Dow Jones124 163 118 137 131 
Digital Real Estate Services122 147 104 135 140 
Book Publishing65 85 62 57 81 
News Media17 57 27 32 18 
Other(54)(52)(52)(53)(45)
Depreciation and amortization(101)(110)(114)(115)(112)
Impairment and restructuring charges(37)(12)(35)(49)(22)
Equity losses of affiliates(2)(1)(2)(1)(3)
Interest expense, net(8)(7)(3)— — 
Other, net(38)21 (9)(33)22 
Income before income tax expense from continuing operations88 291 96 110 210 
Income tax expense from continuing operations(34)(97)(32)(43)(61)
Net income from continuing operations54 194 64 67 149 
Net income (loss) from discontinued operations, net of tax4 (11)(22)4 (5)
Net income$58 $183 $42 $71 $144 
Net income attributable to noncontrolling interests from continuing operations(30)(34)(22)(24)(31)
Net loss attributable to noncontrolling interests from discontinued operations2 7 10 3 6 
Net income attributable to News Corporation stockholders$30 $156 $30 $50 $119