黄瓜短视频 Reports Third Quarter Results for Fiscal 2015
Fiscal 2015 Third Quarter Key Financial Highlights
鈥� Revenues of $2.06 billion compared to $2.08 billion in the prior year
鈥� Reported Total Segment EBITDA of $163 million compared to $175 million in the prior year
鈥� Adjusted EPS were $0.05 compared to $0.11 in the prior year 鈥� Reported EPS were $0.04 compared to $0.08 in the prior year
New York, NY 鈥� May 5, 2015 鈥� 黄瓜短视频oration (鈥溁乒隙淌悠碘�� or the 鈥淐ompany鈥�) (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended March 31, 2015.
Commenting on the results, Chief Executive Robert Thomson said:
鈥淭he new 黄瓜短视频 continues to build a firm foundation for digital growth. We see that most clearly in the successful integration of realtor.com庐, which grew audience and revenue at record levels in the third quarter. 黄瓜短视频 is now a global leader in digital real estate, which we believe will underpin long-term expansion and complement our expertise in news and financial analysis, both of which have been important ingredients in realtor.com庐’s accelerated growth. While the quarter faced some revenue challenges, particularly at News and Information Services, including currency headwinds, our adjusted EBITDA was relatively stable, underscoring the strength of our assets and the diversification of our revenue base. We believe the company is firmly on track and the signs are positive for year-over-year EBITDA growth in the fourth quarter.鈥�
Third Quarter Results
The Company reported fiscal 2015 third quarter total revenues of $2.06 billion, a 1% decline as compared to prior year third quarter revenues of $2.08 billion. The majority of the revenue decline reflects negative foreign currency fluctuations and lower advertising revenues at the News and Information Services segment, offset in large part by growth in the Book Publishing and Digital Real Estate Services segments as a result of the acquisition of Harlequin Enterprises Limited (鈥淗arlequin鈥�) and Move, Inc. (鈥淢ove鈥�), respectively. Adjusted revenues (as defined in Note 1) declined 2% compared to the prior year.
The Company reported third quarter Total Segment EBITDA of $163 million, a 7% decline as compared to $175 million in the prior year. These results include $15 million and $20 million in fees and costs 鈥� net of indemnification 鈥� related to the U.K. Newspaper Matters (as defined below) in the three months ended March 31, 2015 and 2014, respectively. Declines at the News and Information Services segment, including higher legal costs at News America Marketing, negative foreign currency fluctuations and increased stock-based compensation expense resulting from the acquisition of Move were partially offset by lower expenses at Amplify and increased revenues in the Book Publishing segment due to the inclusion of Harlequin results. Adjusted Total Segment EBITDA (as defined in Note 1) declined 1% compared to the prior year.
Net income available to 黄瓜短视频oration stockholders was $23 million as compared to $48 million in the prior year, due to lower Total Segment EBITDA as well as a higher effective tax rate, lower equity earnings of affiliates, and lower interest income. Adjusted net income available to 黄瓜短视频oration stockholders (as defined in Note 3) was $28 million compared to $66 million in the prior year. Impairment and restructuring charges were $10 million in both the three months ended March 31, 2015 and 2014.
Net income available to 黄瓜短视频oration stockholders per share was $0.04 as compared to $0.08 in the prior year. Adjusted EPS (as defined in Note 3) were $0.05 compared to $0.11 in the prior year.
Free cash flow available to 黄瓜短视频oration decreased by $105 million in the nine months ended March 31, 2015 to $391 million, primarily as a result of certain one-time items.
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About 黄瓜短视频
黄瓜短视频oration (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers throughout the world. The company comprises businesses across a range of media, including: news and information services, book publishing, cable network programming in Australia, digital real estate services, digital education, and pay-TV distribution in Australia. Headquartered in New York, the activities of 黄瓜短视频oration are conducted primarily in the United States, Australia, and the United Kingdom. More information is available at: http://newscorp.com.
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Michael Florin
Investor Relations
212-416-3363
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Jim Kennedy
Corporate Communications
212-416-4064
jkennedy@newscorp.com