News Corp – parent company of The Post – reported Tuesday that quarterly profits soared 28% and revenue ticked up 1%, beating Wall Street’s expectations.
Net income from continuing operations for the fourth quarter was $86 million, compared to $67 million in the prior year period, the company said. Revenues rose to $2.11 billion, compared to $2.09 billion in the prior year period, and topped estimates of $2.1 billion, according to data compiled by LSEG.
The New York-based media giant’s earnings were boosted by higher circulation and subscription revenues at its Dow Jones division, which includes The Wall Street Journal, Barron’s, MarketWatch and Investor’s Business Daily.
News Corp’s earnings were boosted by higher circulation and subscription revenues at its Dow Jones division, which i