(Reuters) -Media conglomerate News Corp ( NWSA ) beat Wall Street estimates for first-quarter revenue on Thursday, driven by growth at its Dow Jones and digital real estate services segments.
News Corp ( NWSA ), part of media mogul Rupert Murdoch's empire, has pivoted toward digital and subscription-based revenue models, aiming to enhance its competitiveness and adapt to a fast-changing news landscape.
Revenue from the Dow Jones unit, News Corp's ( NWSA ) most profitable segment, rose 6% to $586 million in the first quarter of fiscal 2026. The division, which includes the Wall Street Journal and Barron's, has been a key growth driver for the company.
News Corp's ( NWSA ) digital real estate services unit, which includes its majority-owned REA Group ( RPGRF ) , posted a 5% increase in revenue in the quarter.
The company reported total revenue of $2.14 billion for the quarter, compared with analysts' average estimate of $2.10 billion, according to data compiled by LSEG.