News Corporation - NWSA STOCK NEWS

News Corporation reported fiscal 2022 second quarter revenues of $2.72 billion, a 13% increase from the previous year, marking the highest quarterly revenue since separation. Net income was $262 million, stable compared to last year, while Total Segment EBITDA rose 18% to $586 million. Digital Real Estate Services revenues grew 35%, and Foxtel streaming subscribers increased by 66%. The company announced a $0.10 dividend per share and plans to bolster the Dow Jones business with recent acquisitions.

According to the Realtor.com® Monthly Rental Report, national rents in 2021 grew an average of 10.1%, significantly outpacing the 1.9% increase seen in 2020. December marked the sixth consecutive month of double-digit yearly rent hikes, with Miami, Tampa, and Orlando leading the surge, each experiencing over 34% growth. The median rental price reached $1,781, a 19.3% year-over-year increase. While monthly growth decelerated in December, the trend suggests rising rental costs will challenge affordability in 2022 as more renters consider transitioning to homeownership.

News Corp is set to announce its second quarter Fiscal 2022 results on February 3, 2022 at 5:00 p.m. EST. CEO Robert Thomson and CFO Susan Panuccio will host an analyst call to discuss these results.

The call will be accessible via a live audio webcast on the company's investor relations website. A replay will be available for 10 business days following the call.

News Corp operates across diverse media sectors and is headquartered in New York.

Evocalize has secured $12 million in Series A funding, led by Move, Inc., alongside Second Century Ventures and Habanero Ventures. This investment will enhance Evocalize's automation and machine learning capabilities, aiding local businesses in digital marketing. Evocalize aims to simplify marketing processes, allowing users to launch programs efficiently. Clients have reported significant improvements, such as a 400% increase in digital marketing results and a reduction in weekly marketing time from 9 hours to 9 minutes. The funding will expand their reach and capabilities in various industries.

On January 11, 2022, HarperCollins announced the acquisition of global publishing rights for the authorized biography of Ratan N. Tata, written by Dr. Thomas Mathew. Scheduled for release in November 2022, the biography aims to provide a comprehensive insight into Tata's life, business strategies, and leadership. The Tata Group, under his leadership, grew into a global powerhouse with a market capitalization exceeding $250 billion. The biography will be published in India by HarperCollins India, in the US by HarperCollins Leadership, and in the UK by William Collins.

Realtor.com has announced its first annual Best Markets for First-Time Homebuyers Report for 2022, identifying the top ten cities that offer a desirable balance of affordability and lifestyle for new buyers. Key findings include an average unemployment rate of just 2.7% in these markets and a home-price-to-income ratio of 3.9, significantly lower than the national average of 5.0. The leading market, Magna, Utah, shows strong sales growth potential, with a forecasted increase of 15.2% in sales and 8.5% in prices.

Realtor.com's December 2021 Housing Report reveals that U.S. home listing prices surged back into double-digit growth, reaching a median of $375,000. This marks a 10% increase from December 2020. Buyer competition is intensifying as mortgage rate hikes loom, pushing buyers to act quickly despite a 26.8% decrease in active listings year-over-year. The report highlights significant price increases in hot markets like Las Vegas and Austin, while overall inventory challenges persisted, signaling possible affordability issues in 2022.

News Corp has announced an agreement to acquire the Base Chemicals business from S&P Global and IHS Markit for $295 million. This acquisition aims to enhance Dow Jones’ information services by integrating Base Chemicals with OPIS, which specializes in energy and renewables data. Base Chemicals, expected to generate $65 million in revenues, offers strong digital and recurring revenue streams. The acquisition is anticipated to strengthen Dow Jones’ competitive position amidst growing demand for chemical pricing and insights in a transitioning energy landscape.