NEWS CORP (NWS) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21
	10-K	10-Q	8-K	10-Q	10-K	10-Q	10-Q	10-Q
Revenues:
Subscription Video Services	501	477		502	524	494	498	510
Book Publishing	446	515		487	513	515	617	546
Consumer	425	495		467	491	497	594	524
Digital Real Estate Services	369	363		421	443	416	456	426
Other	692	597		601	703	570	552	496
Total revenues [+]	2,433	2,447	2,521	2,478	2,674	2,492	2,717	2,502
Advertising			464
Other			159
Revenue growth [+]	-9.0%	-1.8%	-7.2%	-1.0%	7.3%	6.7%	12.6%	18.2%
Subscription Video Services	-4.4%	-3.4%		-1.6%	-3.3%	-5.5%	-2.5%	2.8%
Book Publishing	-13.1%	0.0%		-10.8%	4.1%	5.1%	13.4%	19.2%
Consumer	-13.4%	-0.4%		-10.9%	4.0%	5.3%	13.6%	18.8%
Digital Real Estate Services	-16.7%	-12.7%		-1.2%	7.3%	18.5%	34.5%	46.9%
Real Estate	-18.4%	-13.9%		0.9%	3.8%	8.6%	25.3%	36.2%
Cost of goods sold	1,271	1,286	1,294	1,273	1,355	-1,246	-1,279	-1,244
Gross profit	1,162	1,161	1,227	1,205	1,319	3,738	3,996	3,746
Gross margin	47.8%	47.4%	48.7%	48.6%	49.3%	150.0%	147.1%	149.7%
Selling, general and administrative [+]	821	841	818	855	1,004	888	852	848
General and administrative	821				1,004
Equity in earnings	84	10	-29	4	3	4	6
Other operating expenses	83	-5		-13	-21	2,463	2,547	2,466
EBITDA [+]	342	335	380	367	339	391	603	432
EBITDA growth	0.9%	-14.3%	-37.0%	-15.0%	48.0%	21.1%	16.6%	40.7%
EBITDA margin	14.1%	13.7%	15.1%	14.8%	12.7%	15.7%	22.2%	17.3%
Depreciation and amortization	178	183	174	179	183	172	168	165
EBIT [+]	164	152	206	188	156	219	435	267
EBIT growth	5.1%	-30.6%	-52.6%	-29.6%	194.3%	46.0%	24.3%	86.7%
EBIT margin	6.7%	6.2%	8.2%	7.6%	5.8%	8.8%	16.0%	10.7%
Non-recurring items [+]	170	50	19	42	54	74	46	44
Asset impairment	85	25		21	27	37	23	22
Interest expense	22	25	26	27	31	25	21	22
Interest expense	22	25	26	27	31	25	21	22
Other income (expense), net	11	14	-6	-18	-91	13	-7	137
Pre-tax income	-17	91	155	101	-20	133	361	338
Income taxes	15	32	61	35	-147	29	99	71
Tax rate		35.2%	39.4%	34.7%	735.0%	21.8%	27.4%	21.0%
Minority interest	-24	9		26	17	22	27	71
Net income	-8	50	67	40	110	82	235	196
Net margin	-0.3%	2.0%	2.7%	1.6%	4.1%	3.3%	8.6%	7.8%

Basic EPS [+]	($0.01)	$0.09	$558.33	$0.07	$0.19	$0.14	$0.40	$0.33
Growth	-107.4%	-37.6%	140576.2%	-79.2%	-886.9%	4.2%	1.5%	474.3%
Diluted EPS [+]	($0.01)	$0.09	$558.33	$0.07	$0.19	$0.14	$0.40	$0.33
Growth	-107.4%	-37.5%	141194.0%	-79.2%	-886.9%	4.2%	1.4%	473.0%

Dividends per share [+]	$0.10	$0.05		$0.05	$0.10	$0.05	$0.10	$0.05
Growth	-2.8%	-1.3%	-100.0%	16.9%	3.5%	17.1%	-1.9%	34.5%

Shares outstanding (basic) [+]	576	575	0	581	590	589	592	592
Growth	-2.2%	-2.3%	-100.0%	-1.8%	-0.2%	-0.3%	0.2%	0.4%
Shares outstanding (diluted) [+]	579	578	0	583	593	592	595	594
Growth	-2.3%	-2.4%	-100.0%	-1.9%	-0.2%	-0.4%	0.4%	0.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.