News Corp. Q2 revenue up 21%

11 Feb 2019

By Jim Dalrymple II

Inman News

News Corp, the parent company of Realtor.com, owned by Move Inc., and Australia-based REA Group, reported Thursday that its revenue grew to $2.63 billion during its second quarter 2019 earnings (which cover the final three months of 2018), representing a 21 percent year-over-year increase.

Revenue from the company’s digital real estate services also grew by 7 percent during that period, hitting $311 million. That growth outpaced a number of News Corp’s other businesses, including book publishing, which only grew by 6 percent, and news, which shrank by 3 percent.

Overall, News Corp reported adjusted earnings per share of $0.18, which beat … Read more …

© 2019: Inman News, reprinted with permission

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