News (NWS) FY2024 results: revenue $8.3 billion, up 3.0% on the year
News Corp. (NWS) reported revenue of $8.3 billion for fiscal 2024, the year ended 30 June 2024, up 3.0% on the year before. Net income was $266 million, up 78.5%, and diluted earnings per share $0.46. The figures are the company's own, from the 10-K it filed with the SEC on 13 August 2024.
Revenue
$8.3 billion
+3.0% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$266 million
+78.5% on the year
FY2017FY2024
Diluted EPS
$0.46
+76.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,098
1,092
1,354
+0.5%
Capital expenditure
357
347
310
+2.9%
Free cash flow
741
745
1,044
-0.5%
Free cash flow margin
9.0%
9.3%
12.4%
Cash from investing
-524
-574
-2,076
Cash from financing
-441
-501
404
Depreciation and amortisation
440
415
372
+6.0%
Share-based compensation
91.0
87.0
57.0
+4.6%
Buybacks
117
243
179
-51.9%
Dividends paid
172
174
175
-1.1%
Diluted shares, weighted
574m
579m
592m
-0.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
8,120
8,064
8,222
+0.7%
Non-controlling interest
891
881
921
+1.1%
Debt
2,102
2,967
3,069
-29.2%
Operating lease liabilities
912
996
947
-8.4%
Other liabilities
4,659
4,013
4,062
+16.1%
Total liabilities and equity
16,684
16,921
17,221
-1.4%
Fixed assets
1,272
1,281
2,103
-0.7%
Goodwill
4,336
4,291
4,300
+1.0%
Intangible assets
1,948
2,060
2,671
-5.4%
Investments
429
427
488
+0.5%
Cash and equivalents
1,872
1,761
1,771
+6.3%
Receivables
1,420
1,347
1,502
+5.4%
Inventory
266
290
311
-8.3%
Other assets
5,141
5,464
4,075
-5.9%
Total assets
16,684
16,921
17,221
-1.4%
10-K for the year ended 30 June 2024, filed 13 August 2024: the filing.