News Corp, owner of the Wall Street Journal, Dow Jones and the New York Post, said Thursday that fourth-quarter revenue fell 9%, weighed down by weakness in its digital real estate services unit and continued weak spending on advertisements.
Realtor.com parent company Move's fourth quarter and fiscal year 2023 revenues slipped by double digits, with the company bringing in $602 million for the full year, according to an earnings call. Despite its struggles, News Corp CEO is confident in the brand's ability to stand toe-to-toe with competitors.
FISCAL 2023 FOURTH QUARTER AND FULL YEAR KEY FINANCIAL HIGHLIGHTS
Fourth quarter revenues were $2.43 billion, compared to $2.67 billion in the prior year, reflecting the absence of the extra week. -Today at 04:16 pm- MarketScreener