News Corp Reports Revenue Increase and $66 Million Net Loss in Q2 FY18
Slight revenue increase is not enough to offset continued losses.
Earlier this month News Corp (NASDAQ: NWS, NWSA) reported financials for the second quarter of its fiscal year 2018, for the period ended December 31, 2017. The company reported total revenue of $2.18 billion, a 3 percent increase over the same period last year. News Corp also reported an improvement in net loss, going from a net loss of $219 million the first quarter down to $66 million in the second quarter. Adjusted earnings per share for the quarter were $0.24, compared to $0.19 for the same period last year.
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