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News Corp beats quarterly revenue estimates
Nov 9, 2024 12:37 PM

(Reuters) -News Corp ( NWSA ) beat estimates for first-quarter revenue and profit on Thursday, driven by growth at the digital real estate services, book publishing and Dow Jones segments.

The company's Dow Jones segment, which provides news and business information and that includes the Wall Street Journal, Barron's, MarketWatch and Investor's Business Daily, saw a surge in content licensing and digital subscription.

Revenue at Dow Jones grew 3% to $15 million, compared with a year ago.

News Corp's ( NWSA ) revenue stood at $2.58 billion in the quarter ended Sept. 30, compared with an estimate of $2.57 billion, according to data compiled by LSEG.

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