News Corp Reports Fourth Quarter and Full Year Results for Fiscal 2023
*Fourth quarter revenues were $2.43 billion, compared to $2.67 billion in the prior year, reflecting the absence of the extra week in the prior year and the negative impact from foreign currency fluctuations *Net loss in the quarter was $(32) million, inclusive of $166 million related to higher non-cash write- downs and restructuring charges, compared to net income of $127 million in the prior year, which included a $149 million tax benefit *Fourth quarter Total Segment EBITDA was $341 million, compared to $315 million in the prior year *Digital revenues accounted for over 50% of total revenues for the full year, marking a key inflection point in the transformation of the Company