Report
Brian Han
EUR 101.80 For Business Accounts Only

News Corporation's Stellar 1Q Aided by Recovery of Poor Performers from a Year Ago

The 50% year-on-year jump in no-moat-rated News Corporation's fiscal 2018 first quarter normalised EBITDA to USD 206 million needs to put into context. While no doubt a solid result and represents the highest growth achieved since its separation from Twenty-First Century Fox in 2013, there was a base effect in play, given the 19% EBITDA fall in the quarter a year ago.
It is no coincidence that the divisions with the highest earnings growth in the first quarter (news information and cable network...
Underlying
News Corporation Class A

News is a media and information services company. The company comprises businesses across a range of media, including news and information services, subscription video services in Australia, book publishing and digital real estate services, that are distributed under brands, including The Wall Street Journal, Dow Jones, The Australian, Herald Sun, The Sun, The Times, HarperCollins Publishers, Foxtel, FOX SPORTS Australia, realestate.com.au, realtor.com?, talkSPORT and others. The company distributes its content to consumers across platforms consisting of print and television, as well as digital platforms including websites, applications for mobile devices and tablets, social media and e-book devices.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Han

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