News Corp reported financial results for the first quarter of fiscal year 2025, ended September 30, with publishing sales up 4 percent to $546 million, rising by $21 million. EBITDA was up 25 percent to $81 million, gaining $16 million, driven by backlist sales and strong digital sales. Those digital sales were up 15 percent over the prior year, especially boosted by digital audio, which grew 26 percent, attributed to their partnership with Spotify. Ebooks sales rose 7 percent “after a period of relative sluggishness,” ceo Robert Thomson said on a call with investors on Thursday. Together, ebooks and digital […]
