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News Corp reports $354 million annual profit for 2024

By USinMinutes - Aug 28, 2024, 04:01 AM ET
Last Updated - Aug 29, 2024, 08:13 AM EDT
News Corp reports $354 million annual profit for 2024

Company generates $10.1 billion in revenue

News Corp [NWSA] has reported $354 million in profit for 2024, an increase of $167 million from the previous year, according to a filing at the SEC.

The New York, New York-based company operating in the Manufacturing field recorded revenue of $10.1 billion , an increase of 2.0852312987144446, or $206 million, from the previous year.

News Corp. reported $10.1 billion in annual revenue.The diluted earnings per share rose by 76.92307692307693 percent to $0.5 when compared to the EPS of $0.3 the previous year.The company reported 25000 employees generating 403400 revenue per employee for 2024.

Dollars in millions
Jun 30, 2024    Mar 31, 2024    Dec 31, 2023    Sep 30, 2023   

Income Statement

Revenue $10,085.0  $2,423.0  $2,586.0  $2,499.0 
Net Income $354.0  $42.0  $183.0  $58.0 
Net Cash $133.0  $123.0  -$117.0  -$279.0 
Gross Margin $10,085.0       
Profit as % of Revenues2848.87       
Profit as % of Assets2.64 0.25 1.09   
Profit as % of Stockholder Equity3.93 0.47 2.01   
Return on Equity3.93 0.47 2.01   
Return on Assets2.12 0.25 1.10   
Turnover Ratio75.35 0.14 0.15   

Balance Sheet

Total Assets $16,684.0  $16,544.0  $16,681.0   
Total Liabilities $7,673.0  $7,636.0  $7,579.0   

Cash Flow Statement

Operating Cash Flow $1,098.0  $844.0  $305.0  -$55.0 
Investing Cash Flow -$524.0  -$404.0  -$278.0  -$159.0 
Financing Cash Flow -$441.0  -$317.0  -$144.0  -$65.0 
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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