- News Corporation press release ( NASDAQ: NWS ): FQ2 Non-GAAP EPS of $0.14 misses by $0.04 .
- Revenue of $2.52B (-7.4% Y/Y) misses by $50M .
- Revenue reflects a $171M, or 6%, negative impact from foreign currency fluctuations.
- FQ2 total segment EBITDA of $409M, a 30% decline compared to $586M in the prior year, primarily due to higher costs at the Dow Jones segment, higher operating expenses at the News Media segment.
- In terms of portfolio optimization, as publicly reported, co has been actively engaged in discussions with CoStar Group ( CSGP ) about a potential sale of Move.
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News Corp FQ2 results miss estimates, segment EBITDA declines 30% Y/Y