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News Corp (NWS) SEC Filing 10-K Annual Report for the fiscal year ending Thursday, June 30, 2022

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News Corp

CIK: 1564708 Ticker: NWS
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Exhibit 99.1
NEWS CORPORATION REPORTS FOURTH QUARTER AND FULL YEAR RESULTS FOR FISCAL 2022
FISCAL 2022 FULL YEAR AND FOURTH QUARTER KEY FINANCIAL HIGHLIGHTS

Fiscal 2022 full year revenues and net income were records at $10.39 billion and $760 million, respectively. Revenues grew 11% compared to $9.36 billion in the prior year and net income increased 95% compared to $389 million in the prior year
Full year Total Segment EBITDA was $1.67 billion, also a record and a 31% increase compared to $1.27 billion in the prior year. Reported EPS were $1.05 for the full year compared to $0.56 in the prior year – Adjusted EPS were $1.20 compared to $0.67 in the prior year
Fourth quarter revenues were $2.67 billion, a 7% increase compared to $2.49 billion in the prior year, while net income was $127 million, a substantial improvement from a net loss of $(15) million in the prior year
Fourth quarter Total Segment EBITDA was $315 million, a 50% increase compared to $210 million in the prior year. Reported EPS were $0.19 for the fourth quarter compared to $(0.02) in the prior year – Adjusted EPS were $0.37 compared to $0.16 in the prior year
Digital Real Estate Services revenues for the fiscal year grew 25% despite facing tough prior year comparisons, with 37% and 11% revenue growth at REA Group and Move, respectively
Dow Jones achieved its highest full year revenues and Segment EBITDA since its acquisition, driven by strategic acquisitions, continued growth in digital-only subscriptions, record advertising revenues and robust growth in Risk & Compliance products
News Media’s Segment EBITDA improved to $217 million from $52 million in the prior year, helped by growth in digital advertising revenues, and was the biggest contributor to Total Segment EBITDA growth for the fiscal year
At the Subscription Video Services segment, Foxtel saw its streaming revenues from Kayo and BINGE offset broadcast declines during the year, while achieving over 2.8 million total streaming subscribers as of year-end
Book Publishing revenues grew 10% in the fiscal year, driven by the acquisition of the HMH Books and Media segment and continued strong consumer spending, which remains above pre-pandemic levels
Continued strong cash generation funding the execution of the $1 billion share repurchase program

NEW YORK, NY – August 8, 2022 –
News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months and fiscal year ended June 30, 2022.

Commenting on the results, Chief Executive Robert Thomson said:

“News Corp set significant records in Fiscal 2022, including in revenue and profitability, which surged 31 percent to $1.7 billion, and that came after a resounding 26 percent increase in the previous year. Revenues rose a robust 11 percent, reaching a record $10.4 billion, with increases in each and every segment on an adjusted basis.

Dow Jones profitability soared 54 percent in the quarter to $106 million, while for the year, it rose 30 percent to $433 million. OPIS and Chemical Market Analytics are already contributing to profitability, and they have added meaningful depth to our fast-growing Professional Information Business which targets a premium audience with premium products providing premium value.

Our Digital Real Estate Services segment reported 25 percent revenue growth for the year and a healthy 12 percent improvement in profitability, as we continued to build brands and products for future success across Realtor.com® and REA Group.
1

The following information was filed by News Corp (NWS) on Monday, August 8, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside News Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Comprehensive Loss (Parenthetical)
Consolidated Statements Of Equity
Consolidated Statements Of Operations
Acquisitions, Disposals And Other Transactions
Acquisitions, Disposals And Other Transactions (Tables)
Acquisitions, Disposals And Other Transactions - Additional Information (Detail)
Acquisitions, Disposals And Other Transactions - Assets And Liabilities Disposed Of (Details)
Additional Financial Information
Additional Financial Information (Tables)
Additional Financial Information - Components Of Accumulated Other Comprehensive Loss (Detail)
Additional Financial Information - Components Of Other Current Liabilities (Detail)
Additional Financial Information - Components Of Other Non-Current Assets (Detail)
Additional Financial Information - Components Of Other, Net Included In Statement Of Operations (Detail)
Additional Financial Information - Summary Of Supplemental Cash Flow Information (Detail)
Borrowings
Borrowings (Tables)
Borrowings - Additional Information (Detail)
Borrowings - Schedule Of Borrowings (Detail)
Borrowings - Schedule Of Borrowings Footnotes (Detail)
Borrowings - Scheduled Of Debt Maturities Excluding Other Obligations And Debt Issuance Costs (Detail)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Detail)
Commitments And Contingencies - Schedule Of Commitments By Fiscal Year Maturity (Detail)
Description Of Business And Basis Of Presentation
Earnings (Loss) Per Share
Earnings (Loss) Per Share (Tables)
Earnings (Loss) Per Share - Computation Of Basic And Diluted Earnings (Loss) Per Share (Detail)
Equity-Based Compensation
Equity-Based Compensation (Tables)
Equity-Based Compensation - Additional Information (Detail)
Equity-Based Compensation - Summary Of Activity From Continuing And Discontinued Operations Related To Target Psus And Rsus Settled In Shares (Detail)
Equity-Based Compensation - Summary Of Equity-Based Compensation Expense From Continuing Operations (Detail)
Financial Instruments And Fair Value Measurements
Financial Instruments And Fair Value Measurements (Tables)
Financial Instruments And Fair Value Measurements - Additional Information (Detail)
Financial Instruments And Fair Value Measurements - Schedule Of Fair Value Hedging Relationship By Balance Sheet (Details)
Financial Instruments And Fair Value Measurements - Summary Of Assets And Liabilities Measured At Fair Value On Recurring Basis (Detail)
Financial Instruments And Fair Value Measurements - Summary Of Derivative Instruments Designated As Cash Flow Hedges (Detail)
Financial Instruments And Fair Value Measurements - Summary Of Equity Securities Classified As Level 3 (Detail)
Financial Instruments And Fair Value Measurements - Summary Of Hedges Classified As Current Or Non-Current In Balance Sheets Based On Maturity Dates (Detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Additional Information (Detail)
Goodwill And Other Intangible Assets - Schedule Of Carrying Values Of Intangible Assets And Related Accumulated Amortization (Detail)
Goodwill And Other Intangible Assets - Schedule Of Changes In Carrying Value Of Goodwill, By Segment (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Change In Unrecognized Tax Benefits, Excluding Interest And Penalties (Detail)
Income Taxes - Effective Income Tax Rate Reconciliation (Detail)
Income Taxes - Schedule Of (Loss) Income From Continuing Operations Before Income Tax Expense (Benefit) Attributable To Jurisdictions (Detail)
Income Taxes - Schedule Of Components Of Deferred Tax Assets And Liabilities (Detail)
Income Taxes - Schedule Of Components Of Income Tax Expense (Benefit) (Detail)
Income Taxes - Schedule Of Income Tax Net Operating Loss Carryforwards (Nols) (Gross, Net Uncertain Tax Benefits) (Detail)
Income Taxes - Summary Of Recognized Deferred Income Taxes In Balance Sheets (Detail)
Investments
Investments (Tables)
Investments - Additional Information (Detail)
Investments - Schedule Of Investments (Detail)
Investments - Schedule Of Total Gains And Losses On Equity Securities (Detail)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Schedule Of Additional Information Related To Leases (Details)
Leases - Schedule Of Future Minimum Lease Payments (Details)
Leases - Schedule Of Total Lease Cost (Details)
Other Postretirement Benefits
Other Postretirement Benefits - Additional Information (Detail)
Property, Plant And Equipment
Property, Plant And Equipment (Tables)
Property, Plant And Equipment - Additional Information (Detail)
Property, Plant And Equipment - Components Of Property, Plant And Equipment (Detail)
Related Party Transactions
Related Party Transactions (Tables)
Related Party Transactions - Schedule Of Amount Of Receivables Due From And Payable To Related Parties (Detail)
Related Party Transactions - Schedule Of Net Revenue From Related Parties (Detail)
Restructuring Programs
Restructuring Programs (Tables)
Restructuring Programs - Additional Information (Detail)
Restructuring Programs - Schedule Of Changes In Restructuring Program Liabilities (Detail)
Retirement Benefit Obligations
Retirement Benefit Obligations (Tables)
Retirement Benefit Obligations - Additional Information (Detail)
Retirement Benefit Obligations - Schedule Of Accumulated And Projected Benefit Obligations And Fair Value Of Plan Assets For Funded And Unfunded Pension Plans (Detail)
Retirement Benefit Obligations - Schedule Of Accumulated Benefit Obligation Exceeds Fair Value Of Plan Assets (Detail)
Retirement Benefit Obligations - Schedule Of Allocation Of Plan Assets (Detail)
Retirement Benefit Obligations - Schedule Of Amounts Recognized In Accumulated Other Comprehensive Loss (Detail)
Retirement Benefit Obligations - Schedule Of Amounts Recognized In Balance Sheets (Detail)
Retirement Benefit Obligations - Schedule Of Assumptions Used (Detail)
Retirement Benefit Obligations - Schedule Of Change In Projected Benefit Obligation, Change In Fair Value Of Plan Assets And Funded Status (Detail)
Retirement Benefit Obligations - Schedule Of Components Of Net Periodic Costs (Income) (Detail)
Retirement Benefit Obligations - Schedule Of Expected Benefit Payments (Detail)
Retirement Benefit Obligations - Schedule Of Health Care Cost Trend Rates (Detail)
Retirement Benefit Obligations - Schedule Of Weighted-Average Asset Allocations, By Asset Category (Detail)
Retirement Benefit Obligations - Summary Of Changes In Fair Value Of Investments Reflected As Level 3 Assets (Detail)
Revenues
Revenues (Tables)
Revenues - Additional Information (Detail)
Revenues - Practical Expedients And Other Revenue Disclosures (Detail)
Revenues - Summary Of Deferred Revenue From Contract With Customers (Detail)
Revenues - Summary Of Disaggregated Revenue By Type And By Segment (Detail)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Detail)
Segment Information - Reconciliation Of Assets From Segments To Consolidated (Detail)
Segment Information - Reconciliation Of Depreciation And Amortization, Capital Expenditures From Segments To Consolidated (Detail)
Segment Information - Reconciliation Of Goodwill And Intangible Assets From Segments To Consolidated (Detail)
Segment Information - Reconciliation Of Revenue And Segment Ebitda From Segments To Consolidated (Detail)
Segment Information - Revenue And Long-Lived Assets By Geographic Region (Detail)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Detail)
Stockholders' Equity - Summary Of Dividends Declared Paid Per Share (Detail)
Subsequent Events
Subsequent Events- Additional Information (Detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Detail)
Summary Of Significant Accounting Policies - Components Of Receivables, Net (Detail)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (Tables)
Valuation And Qualifying Accounts - Schedule Of Valuation And Qualifying Accounts (Detail)
Ticker: NWS
CIK: 1564708
Form Type: 10-K Annual Report
Accession Number: 0001564708-22-000265
Submitted to the SEC: Fri Aug 12 2022 6:59:56 AM EST
Accepted by the SEC: Fri Aug 12 2022
Period: Thursday, June 30, 2022
Industry: Newspapers Publishing Or Publishing And Printing

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