News Corp Q2 profit rises 58% to $306 million; agrees to sell Foxtel to DAZN
News Corp reported fiscal second-quarter revenue of $2.24 billion, up 5%, and net income from continuing operations of $306 million, up 58%, for the quarter ended December 31, 2024. The company also agreed to sell Foxtel to DAZN for A$3.4 billion enterprise value, with closing expected in the second half of fiscal 2025, subject to regulatory approvals.
Key points
- Quarterly revenue was $2.24 billion, up 5% from $2.14 billion; Total Segment EBITDA was $478 million, up 20%
- Reported EPS from continuing operations was $0.40 versus $0.28 a year earlier; Adjusted EPS was $0.33 versus $0.27
- Foxtel sale to DAZN at A$3.4 billion enterprise value; News Corp will receive a minority stake of about 6% in DAZN and one board seat
- A semi-annual cash dividend of $0.10 per share is payable April 9, 2025 to holders of record as of March 12, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.