May 7 (Reuters) – News Corp beat Wall Street expectations for third-quarter revenue on Thursday, aided by strong growth in its Dow Jones and real-estate services units.
• The company, which owns several media brands including the Wall Street Journal and HarperCollins, has been pivoting its business as people take to digital platforms to read and consume other content.
• Total revenue for the third quarter came in at $2.19 billion, beating estimates of $2.11 billion, according to data compiled by LSEG.
• Quarterly revenue at the Dow Jones unit, which includes Barron’s, Wall Street Journal and MarketWatch, rose 8% from a year earlier to $619 million.
• Its book publishing segment, which consists of HarperCollins, saw third-quarter revenue rise 8% from a year earlier to $555 million.
• Digital real-estate services revenue grew 17% from a year earlier to $473 million during the quarter.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Jonathan Ananda)
